Coffee & Snack Shops in Canada
The Coffee and Snack Shops industry has grown strongly over the past five years, driven by the expansion of major coffee retailers, such as Starbucks. Consumer spending in Canada, which has grown at an annualized rate of 2.5% over the five years to 2018, has also supported the industry's growth, as consumers have been more willing to splurge on small luxuries such as coffee and donuts. Modest growth in the overall economy, coupled with tepid consumer confidence and the economy's reliance on volatile commodity markets, is expected to limit discretionary spending in the coming years. Nevertheless, industry revenue is forecast to grow at an annualized rate of 3.1% to $5.7 billion over the five years to 2023.
This industry includes all establishments primarily engaged in preparing and serving specialty snacks and nonalcoholic beverages, including ice cream, frozen yogurt, cookies, donuts, 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.