
Canada - The Future of Foodservice to 2028
Description
Canada - The Future of Foodservice to 2028
Summary
“Canada - The Future of Foodservice to 2028” published by GlobalData provides extensive insight and analysis of the Canadian Foodservice market over the next five years (2023-28) and acts as a vital point of reference for operators or suppliers.
Canada’s GDP per capita declined by 1.1% in 20231. This decline is attributable to the Russia-Ukraine conflict that compounded the domestic banking sector’s challenges. High inflation and increasing interest rates significantly hampered the consumer sentiment.
In 2023, the working-age population (aged 15-64 years) made up 63.8% of the total population, which is expected to decline to 61.7% in 2028. Meanwhile, the proportion of older people (aged 65+ years) is expected to increase from 20.5% in 2023 to 23.1% in 2028.
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
- The total revenue of the Canadian profit sector was estimated at CAD113.5 billion ($84.1 billion) in 2023, posting a CAGR of 2.3% during 2018-23. The resilient financial system despite global macroeconomic headwinds, along with tourism initiatives by the government, aided foodservice sales. However, high inflation posed a challenge.
- The QSR channel registered the highest CAGR during 2018-23, at 4.5%, followed by the FSR channel at 3%. During 2023-28, the profit sector will register a relatively strong CAGR of 5.6%. The number of transactions will register a CAGR of 3.1% during this period, while the number of outlets will yield a CAGR of 0.7%.
Reasons to Buy
- Specific forecasts of the foodservice market over the next five years (2023-28) 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.
Table of Contents
111 Pages
- Executive Summary
- Executive Summary: Consumer Trends
- Macroeconomic Overview
- Trends Landscape & Consumer Shopping Behavior
- Profit Sector - Consumer Behavior
- Profit Sector Metrics
- Profit Sector: Value and Share by Channel
- Profit Sector: Value Performance by Channel
- Profit Sector: Outlet Dynamics by Channel
- Profit Sector: Transactions Dynamics by Channel
- Profit Sector: Operator Buying Volumes and Performance by Channel
- Profit Sector: Historic & Future Channel Performance Dynamics
- Profit Sector: Restaurant: Outlet-Type & Owner-Type Growth Dynamics
- QSR: Summary
- QSR: Metrics: Growth Dynamics
- QSR: Key Players
- QSR: Who?
- QSR: Why?
- QSR: What? Food & Drink Split
- QSR: What? Burger King: Case Study
- QSR: What? Menu Intelligence Analysis
- QSR: What? Menu Intelligence Analysis - Restaurant Cuisine Type
- QSR: What? Menu Intelligence Analysis - Dish & Ingredient Penetration
- QSR: Where? Cuisine and Location
- QSR: What Next?
- FSR: Summary
- FSR: Metrics: Growth Dynamics
- FSR: Key Players
- FSR: Who?
- FSR: Why?
- FSR: What? Food & Drink Split
- FSR: What? Menu Intelligence Analysis
- FSR: What? Menu Intelligence Analysis - Restaurant Cuisine Type
- FSR: What? Menu Intelligence Analysis - Dish & Ingredient Penetration
- FSR: Where? Cuisine and Location
- FSR: What Next?
- Coffee & Tea Shop: Summary
- Coffee & Tea Shop: Metrics: Growth Dynamics
- Coffee & Tea Shop: Key Players
- Coffee & Tea Shop: Who?
- Coffee & Tea Shop: Why?
- Coffee & Tea Shop: What? Food & Drink Split
- Coffee & Tea Shop: What? Starbucks: Case Study
- Coffee & Tea: What? Starbucks: Case Study
- Coffee & Tea Shop: What? Starbucks: Case Study
- Coffee & Tea Shop: Where? Cuisine and Location
- Coffee & Tea Shop: What Next?
- Pub, Club & Bar: Summary
- Pub, Club & Bar: Metrics: Growth Dynamics
- Pub, Club & Bar : Key Players
- Pub, Club & Bar: Who?
- Pub, Club & Bar: Why?
- Pub, Club & Bar: What? Food & Drink Split
- Pub, Club & Bar: Where? Location
- Pub, Club & Bar: What Next?
- Cost Operator Trends: Historic & Future Performance
- Cost Operators: Data and Channel Share Breakdown
- Channel Definitions
- Other Definitions
- Key Components - Market Intelligence
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