Canada - The Future of Foodservice to 2024

Canada - The Future of Foodservice to 2024

Published: December 2020
Publisher: GlobalData
Product ref: 320032
Pages: 137
Format: PDF
Delivery: By product vendor

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Summary

"Canada - The Future of Foodservice to 2024” published by GlobalData provides extensive insight and analysis of the Canadian Foodservice market over the next five years (2019-2024) and acts as a vital point of reference for operators or suppliers. The report includes:

Canadian foodservice profit sector has grown at a sizable CAGR of 3.2% from 2014-2019 on the back of busy modern lifestyles which is generating more “out-of-home” meal solutions. Growing demand for convenience and increasing busy lifestyle of consumers has also increased the demand for third party delivery in the country. Food delivery partners such as UberEats and DoorDash are trading largely to meet the demand of the consumers. Moreover, strong growth in the tourism industry, which is a major part of the economy, contributed to the profit sector growth.

Overview of Canada's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on Canada's 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 Shops, Pubs, Clubs and Bars) within Canada's 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

• The FSR is the largest channel in Canadian’s foodservice profit sector by revenue, representing 34.7% of total sector revenue in 2019. Operators in the channel heavily invested in the on-going health trend, introducing healthy and vegetarian options in their menu.
• FSR led in terms of the number of outlets in 2019. However, mobile operator, QSR, workplace, and accommodation channels saw their number of outlets grow at higher rates. An increase in employment, with more people working, created more demand for eateries at workplaces.
• The QSR channel registered the highest number of transactions in 2019, among all channels. Despite a much lower number of outlets compared to FSR, QSR was able to register a revenue share that is close to that of FSR, owing to a large amount of transactions per outlet. Over 2014-2019, the growth in the number of transactions was the highest over the QSR channel.
• Younger Canadians, millennials, and gen-Z consumers who are more tech-savvy, will drive the boom in home-deliveries.

Reasons to Buy

• Specific forecasts of the foodservice market over the next five years (2019-2024) 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 shops, Pubs, Clubs and Bars) will allow readers understand the wants and needs of their target demographics.

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Related research categories

By sector: Catering (in Foodservice/Catering)

By market: Canada (in North America)


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