Coffee & Snack Shops in Canada - Industry Market Research Report

Coffee & Snack Shops in Canada - Industry Market Research Report

Coffee & Snack Shops in Canada

The Coffee and Snack Shops industry in Canada has experienced modest growth over the past five years, with previous years of steady growth partially offset by the disruptions caused by the COVID-19 pandemic. Prior to the pandemic, the industry experienced steady growth in line with the domestic economy. Gradually increasing consumer spending in Canada during most of the period has supported industry expansion. Nevertheless, the unprecedented drop in demand due to the pandemic, with many industry establishments being forced to close due to business restrictions. As the pandemic subsided, demand improved starting in 2021 and continued to rise in 2022. Further, an increasing world price of coffee pushes up industry revenue. Consequently, IBISWorld expects industry revenue to rise an annualized 0.2% to $6.0 billion over the five years to 2023, including an increase of 2.6% in 2023 alone as the industry continues to improve.

The Coffee and Snack Shops industry in Canada includes all establishments primarily engaged in preparing and serving specialty snacks and nonalcoholic beverages, including ice cream, frozen yogourt, cookies, doughnuts, bagels, coffee, juices, smoothies or sodas.

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."