Food Service Contractors in Canada
Over the five years to 2019, the Food Service Contractors industry in Canada, which provides food services at institutional, governmental, commercial or industrial locations, has benefited from the increased propensity of businesses and institutions to outsource their food services. Seeking to both reduce operating costs and deliver a high level of satisfaction to students and faculty, patients, employees and sports fans, industry operators turned to specialist contractors to provide food services. Even during periods of lacklustre economic growth, the industry is generally buoyed by consistent demand from sectors, such as healthcare, education and correctional facilities, which are more insulated to the whims of the broader economy. Consumer spending and corporate profit are both expected to grow over the five years to 2024, causing consumers and businesses to increase their spending on food services. Moreover, consolidation is expected to continue as large operators win a disproportionate share of large contracts as clients increasingly seek providers with the scale and sophistication necessary to satisfy customers.
Industry operators provide food services at institutional, governmental, commercial or industrial locations. Examples of facilities where food services are provided include airports, food courts, college and university cafeterias and recreation and sports venues.
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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