Coffee & Snack Shops in Canada
The Coffee and Snack Shops industry in Canada has grown strongly over the five years to 2019, driven by the expansion of major coffee retailers Consumer spending in Canada has also supported the industry's growth, as consumers have been more willing to splurge on small luxuries such as coffee and doughnuts. Busier lifestyles, which have left less time for preparing meals or beverages at home, have also helped the industry, especially as coffee and snack shops have placed a greater emphasis on convenience. The industry has benefited from greater consumer spending on breakfast over the past five years, which has boosted revenue and kept profit margins stable. The breakfast segment has been a bright spot in an otherwise slow growing food service sector during the period. However, coffee and snack shop operators have been forced to contend with increased competition from fast food restaurants. Over the five years to 2024, coffee and snack shop operators will continue to offer more nontraditional, high-margin menu items to keep revenue afloat.
This industry 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.
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