Street Vendors in Canada
The Street Vendors industry in Canada has exhibited strong growth over the five years to 2019. Street vendors have benefited from serving high-quality food at budget prices amid growing consumer spending and increased interest for the diverse range of food choices industry operators offer. Product innovation has also been a feature of the industry as more audacious recipes have been cooked up to attract new customers. The industry has evolved over the five years to 2019 from providing basic food options, such as hot dogs, to supplying a diverse range of gourmet meals. The industry has tapped into consumer trends, especially the desire for higher-quality food, greater variety and better presentation. People have demanded more healthful menu options due to increased awareness of the adverse effects of obesity. Industry growth is anticipated to continue over the five years to 2024, albeit at a lower rate as heightened competition from fast-casual competitors is expected to cut into demand.
This Street Vendors industry in Canada comprises establishments primarily engaged in preparing and serving meals and snacks for immediate consumption from motorized vehicles or nonmotorized carts. The establishment is the main location from which the caterer route is serviced, not each cart or vehicle. Included in this industry are establishments primarily engaged in providing food services from vehicles, such as hot dog carts and ice cream trucks.
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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