Canada Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2027

Canada Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2027

Summary

“Canada Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2027” published by GlobalData provides extensive insight and analysis of the Canadian Foodservice market over the next five years (2022-27) and acts as a vital point of reference for operators or suppliers.The overall value of Canada’s foodservice profit sector declined at a CAGR of 0.04% during 2017-22, to stand at CAD90.8 billion ($69.8 billion) in 2022. This slight decline was caused by a decrease in the number of transactions. Takeouts and deliveries performed better than dine-in services due to the impact of the pandemic on out-of-home activity. Chain operators registered growth in value during 2017-22. Only QSR recorded growth in value sales in chain operators. During 2022-27, independent operators will post a slightly faster CAGR (6.4%) than chain operators (5.1%), while the overall profit sector will record a CAGR of 6%.

The report includes -

• Overview of Canada's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the Canadian foodservice market including GDP per capita, consumer price index, population growth, and annual household income distribution.
• Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR, coffee & tea shop, and pub, club & bar) within the Canadian foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price.
• Customer segmentation: Identify the most important demographic groups, buying habits, and motivations that drive out-of-home meal occasions among segments of the Canadian population.
• Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.

Scope

• Canada’s nominal GDP per capita increased by 7.2% annually in 20221. The Canadian economy recovered well from the pandemic, thanks to the lifting of restrictions and an improvement in the country’s exports. The Canadian economy recovered well from the pandemic, thanks to the lifting of restrictions and an improvement in the country’s exports. In 2022, QSR was the largest foodservice channel with a value share of 38.4%, followed by FSR with 32.9%. QSR was favored by price-sensitive Canadian consumers on account of its affordable food and drink options. During 2017-22, QSR recorded the highest growth in value sales at a CAGR of 2.7%, primarily due to its affordable and convenient food and drink options. Standalone was the most popular location type in both the QSR and FSR channels. Beer was the most popular drink in Canada, accounting for a share of 37.1% in 2022.

Reasons to Buy

• Specific forecasts of the foodservice market over the next five years (2022-27) will give readers the ability to make informed business decisions through identifying emerging/declining markets.
• Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR, coffee & tea shop, and pub, club & bar) will allow readers understand the wants and needs of their target demographics.