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Caterers in Canada - Industry Market Research Report

Publisher IBISWorld
Published Sep 29, 2024
Length 67 Pages
SKU # IBSS19342593

Description

Caterers in Canada - Industry Market Research Report


Caterers in Canada

Over the past five years, the Caterers industry in Canada has benefited from rising disposable income and a steady growth in the number of Canadian businesses. Specifically, improving economic conditions at the beginning of the period encouraged many companies to increase spending on events requiring catering, such as office parties, corporate conferences, team-building seminars and client events. Additionally, rising consumer spending and improving consumer confidence before 2020 increased spending on private events such as weddings and birthdays. In 2020, the social distancing measures restricted caterers' operations, hurting revenue and increasing costs. Simultaneously, reduced corporate profit and household income and mass cancellations of public gathering events contributed to a sharp drop in revenue. Overall, industry revenue is estimated to have fallen an annualized 1.9% to $3.8 billion over the five years to 2023. However, industry revenue is forecast to rise 0.7% in 2023 alone. A revenue rise in 2021 can be mainly attributed to the economic recovery after the COVID-19 pandemic. Furthermore, the industry had to restructure operations to accommodate the ordinances to slow the spread.

The Caterers industry in Canada provides food services for events such as graduation parties, wedding receptions and trade shows. Industry establishments generally have equipment and vehicles to transport meals and snacks to events and to prepare food at the event site. Caterers who own or manage permanent facilities in which they provide event-based food services are also included.

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."

Table of Contents

67 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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