Full-Service Restaurants in Canada - Industry Market Research Report

Full-Service Restaurants in Canada - Industry Market Research Report

Full-Service Restaurants in Canada

The Full-Service Restaurants industry in Canada has experienced an expansion in performance over the past five years, as the COVID-19 (coronavirus) pandemic erased several years of steady growth, but a forecast strong recovery offset this trend. Before the pandemic, rising per capita disposable income and consumer spending levels drove industry expansion. However, the pandemic created an unprecedented and steep fall in industry revenue, leading to widespread layoffs and closures. While remaining restaurants have adapted to unfavourable operating conditions by offering takeout and delivery options, depressed sales and rising costs have led to poor profitability among industry establishments. However, industry revenue is anticipated to recover as the broader economy expands. As a result of these dynamics, industry revenue is estimated to climb an annualized 4.5% to $52.1 billion over the five years to 2023, including an increase of 8.6% in 2023 alone.

The Full-Service Restaurants industry in Canada includes restaurants that provide food services to patrons who order and are served while seated (i.e. waiter or waitress service) and pay after eating. These establishments may provide this type of food service to patrons in combination with selling alcoholic and other beverages.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.