Canada Fast Food Market, Share, Insight, Forecast 2022-2027, Industry Trends, Growth, Size, Impact of COVID-19, Company Analysis
Description
Canada Fast Food Market, Share, Insight, Forecast 2022-2027, Industry Trends, Growth, Size, Impact of COVID-19, Company Analysis
Canada Fast Food Market is expected to reach US$ 41.9 Billion by 2027. Over the decades, the Canadian food industry has changed and developed to satisfy customer needs and consumer behavior. Therefore, fast food has seen its roots in developed and developing economies with the evolution of time, which is primarily accepted based on its quick availability and taste factor. Fast food is characterized as the food prepared and served at independent fast-food restaurants, street vendors, or chained fast food restaurants like Tim Hortons, Subway, Starbucks, McDonald’s, Dairy Queen, KFC, Dominoes, Pizza Hut, Wendy’s, and Burger King. It serves as an alternative to homemade food. As per BC Food Web, in 2020, the average Canadian gets 6.3% of his daily food intake from fast food.
Impact of COVID-19 on Canadian Fast Food Industry
The COVID-19 pandemic adversely affected Canada's fast food industry due to the rising cases and fear of contracting the infection from food. Furthermore, the operational disruptions in the hotel and food & beverages industry, and disruption in the supply chain due to the COVID-19 outbreak, have impacted the fast-food sector in terms of revenue. An expanded awareness level about the consumption of healthful foods impacted the market growth during the pandemic. Regardless, the market will regain its demand post-pandemic owing to a rise in the number of fast-food franchises and growing demand for online food deliveries.
Canada Fast Food Market Size was US$ 31.8 Billion in 2021
A rise in health consciousness among consumers and increased demand for healthy and tasty food drive the plant based food market growth. The growth in female employment rate because women do not have enough time to prepare meals; growth in several fast-food restaurants which results in easy access to the fast food and tech-savvy ordering; fuel the growth of the Canada fast-food market. In addition, a rise in exposure to international cuisine through media and traveling will continue to escalate the development of this market.
Burgers/Sandwiches, and Pizza are the most preferred Fast Food in Canada
Based on the type, the market revolves around pizza/pasta, burgers/sandwiches, chicken, Asian/Latin American food, and seafood. Amongst which burgers/sandwiches, has been the most preferred fast food among consumers, due to its flavors and ingredients added in the products. The growing demand for burgers/sandwiches can be attributed to the vast availability of burger options, including products with protein options like venison, beef, and several others. Moreover, several food-service operators are experimenting with different fillings of cheese, bacon, onions, meatloaf, etc.
Nevertheless, the pizza/pasta, attributed to raised consumer demand for taste and preferences, and pizza most preferred fast food in Canada, especially when it comes to takeout and delivery. It is anticipated to grow at a tremendous rate during the forecast of the Canadian fast-food market.
Quick Service Restaurants are the most Preferred Medium by Canadian Consumers
Fast food is extensively used in end-user industries like Quick Service Restaurant (QSR), Street Vendors, Home Delivery, Cafés, and bars, etc. Quick service restaurants are the most favored by Canadian consumers, increasing demand for fresh, tasty, and appealing food at affordable cost. Thus, the need for quick-service restaurants is increasing. Home delivery option has registered a lot of growth in the pandemic period. As most of customers prefer to remain indoor and order online. As per the analysis, the Canada Fast Food Industry is expected to expand at a CAGR of 4.7% from 2021-2027.
Competitive Landscape
The major players operating in the Canada Fast Food Market are Starbucks Corp, Domino's Pizza Inc, The Wendys Co., Kentucky Fried Chicken (KFC), Tim Hortons, Restaurant Brands International Inc, A&W Food Services of Canada Inc, MTY Food Group Inc, Papa John's International Inc, Performance Food Group Company.
Yum! Brands, one of the largest quick-service providers in Canada, with popular brands, such as KFC, and Pizza Hut, is embarking on substantial expansion plans across the country to effectively penetrate its presence in targeted cities, such as Calgary, Montreal, Toronto, Vancouver, Halifax, Ottawa, and Edmonton. Retaining healthy and natural ingredients and maintaining the taste also boosts the quick-service restaurant's market growth in Canada.
Renub Research latest report “Canada Fast Food Market by type, (Independent Consumer, Chained Consumer) by Cuisines Type (Pizza/Pasta, Burgers/Sandwiches, Chicken, Asian/Latin American food, and seafood) by End User (Quick Service Restaurant (QSR), Street Vendors, Home Delivery, Cafés, and bars and other) by Company Analysis (Starbucks Corp, Domino's Pizza Inc, The Wendys Co., Kentucky Fried Chicken (KFC), Tim Hortons, Restaurant Brands International Inc, A&W Food Services of Canada Inc, MTY Food Group Inc, Papa John's International Inc, Performance Food Group Company)"" Provides a detailed analysis of Canada Fast Food Market
Type – Breakup from 2 viewpoints
1. Independent Consumer
2. Chained Consumer
Cuisines – Breakup from 6 viewpoints
1. Pizza/Pasta
2. Burger/Sandwiches
3. Chicken
4. Asian/Latin American
5. Seafood
6. Others
End User – Breakup from 5 viewpoints
1. Quick Service Restraunt (QSR)
2. Street Venders
3. Home Delivery
4. Cafés and bars
5. Other
Company Insights
• Overviews
• Recent Developments
• Revenues
Company Analysis:
1. Starbucks Corp
2. Domino's Pizza Inc
3. The Wendys Co.
4. Kentucky Fried Chicken (KFC)
5. Tim Hortons
6. Restaurant Brands International Inc
7. A&W Food Services of Canada Inc
8. MTY Food Group Inc
9. Papa John's International Inc
10. Performance Food Group Company
Canada Fast Food Market is expected to reach US$ 41.9 Billion by 2027. Over the decades, the Canadian food industry has changed and developed to satisfy customer needs and consumer behavior. Therefore, fast food has seen its roots in developed and developing economies with the evolution of time, which is primarily accepted based on its quick availability and taste factor. Fast food is characterized as the food prepared and served at independent fast-food restaurants, street vendors, or chained fast food restaurants like Tim Hortons, Subway, Starbucks, McDonald’s, Dairy Queen, KFC, Dominoes, Pizza Hut, Wendy’s, and Burger King. It serves as an alternative to homemade food. As per BC Food Web, in 2020, the average Canadian gets 6.3% of his daily food intake from fast food.
Impact of COVID-19 on Canadian Fast Food Industry
The COVID-19 pandemic adversely affected Canada's fast food industry due to the rising cases and fear of contracting the infection from food. Furthermore, the operational disruptions in the hotel and food & beverages industry, and disruption in the supply chain due to the COVID-19 outbreak, have impacted the fast-food sector in terms of revenue. An expanded awareness level about the consumption of healthful foods impacted the market growth during the pandemic. Regardless, the market will regain its demand post-pandemic owing to a rise in the number of fast-food franchises and growing demand for online food deliveries.
Canada Fast Food Market Size was US$ 31.8 Billion in 2021
A rise in health consciousness among consumers and increased demand for healthy and tasty food drive the plant based food market growth. The growth in female employment rate because women do not have enough time to prepare meals; growth in several fast-food restaurants which results in easy access to the fast food and tech-savvy ordering; fuel the growth of the Canada fast-food market. In addition, a rise in exposure to international cuisine through media and traveling will continue to escalate the development of this market.
Burgers/Sandwiches, and Pizza are the most preferred Fast Food in Canada
Based on the type, the market revolves around pizza/pasta, burgers/sandwiches, chicken, Asian/Latin American food, and seafood. Amongst which burgers/sandwiches, has been the most preferred fast food among consumers, due to its flavors and ingredients added in the products. The growing demand for burgers/sandwiches can be attributed to the vast availability of burger options, including products with protein options like venison, beef, and several others. Moreover, several food-service operators are experimenting with different fillings of cheese, bacon, onions, meatloaf, etc.
Nevertheless, the pizza/pasta, attributed to raised consumer demand for taste and preferences, and pizza most preferred fast food in Canada, especially when it comes to takeout and delivery. It is anticipated to grow at a tremendous rate during the forecast of the Canadian fast-food market.
Quick Service Restaurants are the most Preferred Medium by Canadian Consumers
Fast food is extensively used in end-user industries like Quick Service Restaurant (QSR), Street Vendors, Home Delivery, Cafés, and bars, etc. Quick service restaurants are the most favored by Canadian consumers, increasing demand for fresh, tasty, and appealing food at affordable cost. Thus, the need for quick-service restaurants is increasing. Home delivery option has registered a lot of growth in the pandemic period. As most of customers prefer to remain indoor and order online. As per the analysis, the Canada Fast Food Industry is expected to expand at a CAGR of 4.7% from 2021-2027.
Competitive Landscape
The major players operating in the Canada Fast Food Market are Starbucks Corp, Domino's Pizza Inc, The Wendys Co., Kentucky Fried Chicken (KFC), Tim Hortons, Restaurant Brands International Inc, A&W Food Services of Canada Inc, MTY Food Group Inc, Papa John's International Inc, Performance Food Group Company.
Yum! Brands, one of the largest quick-service providers in Canada, with popular brands, such as KFC, and Pizza Hut, is embarking on substantial expansion plans across the country to effectively penetrate its presence in targeted cities, such as Calgary, Montreal, Toronto, Vancouver, Halifax, Ottawa, and Edmonton. Retaining healthy and natural ingredients and maintaining the taste also boosts the quick-service restaurant's market growth in Canada.
Renub Research latest report “Canada Fast Food Market by type, (Independent Consumer, Chained Consumer) by Cuisines Type (Pizza/Pasta, Burgers/Sandwiches, Chicken, Asian/Latin American food, and seafood) by End User (Quick Service Restaurant (QSR), Street Vendors, Home Delivery, Cafés, and bars and other) by Company Analysis (Starbucks Corp, Domino's Pizza Inc, The Wendys Co., Kentucky Fried Chicken (KFC), Tim Hortons, Restaurant Brands International Inc, A&W Food Services of Canada Inc, MTY Food Group Inc, Papa John's International Inc, Performance Food Group Company)"" Provides a detailed analysis of Canada Fast Food Market
Type – Breakup from 2 viewpoints
1. Independent Consumer
2. Chained Consumer
Cuisines – Breakup from 6 viewpoints
1. Pizza/Pasta
2. Burger/Sandwiches
3. Chicken
4. Asian/Latin American
5. Seafood
6. Others
End User – Breakup from 5 viewpoints
1. Quick Service Restraunt (QSR)
2. Street Venders
3. Home Delivery
4. Cafés and bars
5. Other
Company Insights
• Overviews
• Recent Developments
• Revenues
Company Analysis:
1. Starbucks Corp
2. Domino's Pizza Inc
3. The Wendys Co.
4. Kentucky Fried Chicken (KFC)
5. Tim Hortons
6. Restaurant Brands International Inc
7. A&W Food Services of Canada Inc
8. MTY Food Group Inc
9. Papa John's International Inc
10. Performance Food Group Company
Table of Contents
125 Pages
- 1. Introduction
- 2. Research & Methodology
- 3. Executive Summary
- 4. Market Dynamics
- 4.1 Growth Drivers
- 4.2 Challenges
- 4.3 Opportunities
- 5. Canada Fast Food Market
- 6. Market Share – Canada Fast Food Analysis
- 6.1 By Type
- 6.2 By Cuisines
- 6.3 By End User
- 6.4 By Channel
- 7. Type – Canada Fast Food Market
- 7.1 Independent Consumer
- 7.2 Chained Consumer
- 8. Cuisines – Canada Fast Food Market
- 8.1 Pizza/Pasta
- 8.2 Burger/Sandwiches
- 8.3 Chicken
- 8.4 Asian/Latin American
- 8.5 Seafood
- 8.6 Others
- 9. End User – Canada Fast Food Market
- 9.1 Quick Service Restraunt (QSR)
- 9.2 Street Venders
- 9.3 Home Delivery
- 9.4 Cafés and bars
- 9.5 Other
- 10. Porters Five Forces
- 10.1 Overview
- 10.2 Bargaining Power of Buyers
- 10.3 Bargaining Power of Suppliers
- 10.4 Degree of Competition
- 10.5 Threat of New Entrants
- 10.6 Threat of Substitutes
- 11. Key Players
- 11.1 Starbucks Corp.
- 11.1.1 Overview
- 11.1.2 Recent Development
- 11.1.3 Revenue
- 11.2 Domino's Pizza Inc.
- 11.2.1 Overview
- 11.2.2 Recent Development
- 11.2.3 Revenue
- 11.3 The Wendys Co.
- 11.3.1 Overview
- 11.3.2 Recent Development
- 11.3.3 Revenue
- 11.4 Kentucky Fried Chicken (KFC)
- 11.4.1 Overview
- 11.4.2 Recent Development
- 11.4.3 Revenue
- 11.5 Tim Hortons
- 11.5.1 Overview
- 11.5.2 Recent Development
- 11.5.3 Revenue
- 11.6 Restaurant Brands International Inc.
- 11.6.1 Overview
- 11.6.2 Recent Development
- 11.6.3 Revenue
- 11.7 A&W Food Services of Canada Inc
- 11.7.1 Overview
- 11.7.2 Recent Development
- 11.7.3 Revenue
- 11.8 MTY Food Group Inc
- 11.8.1 Overview
- 11.8.2 Recent Development
- 11.8.3 Revenue
- 11.9 Papa John's International Inc.
- 11.9.1 Overview
- 11.9.2 Recent Development
- 11.9.3 Revenue
- 11.10 Performance Food Group Company
- 11.10.1 Overview
- 11.10.2 Recent Development
- 11.10.3 Revenue
- List Of Figures:
- Figure-01: Canada Fast Food Market (Million US$), 2017 – 2021
- Figure-02: Forecast for – Canada Fast Food Market (Million US$), 2022 – 2027
- Figure-03: Type – Independent Consumer Market (Million US$), 2017 – 2021
- Figure-04: Type – Forecast for Independent Consumer Market (Million US$), 2022 – 2027
- Figure-05: Type – Chained Consumer Market (Million US$), 2017 – 2021
- Figure-06: Type – Forecast for Chained Consumer Market (Million US$), 2022 – 2027
- Figure-07: Cuisines Type – Pizza/Pasta Market (Million US$), 2017 – 2021
- Figure-08: Cuisines Type – Forecast for Pizza/Pasta Market (Million US$), 2022 – 2027
- Figure-09: Cuisines Type – Burger/Sandwiches Market (Million US$), 2017 – 2021
- Figure-10: Cuisines Type – Forecast for Burger/Sandwiches Market (Million US$), 2022 – 2027
- Figure-11: Cuisines Type – Chicken Market (Million US$), 2017 – 2021
- Figure-12: Cuisines Type – Forecast for Chicken Market (Million US$), 2022 – 2027
- Figure-13: Cuisines Type – Asian/Latin American Market (Million US$), 2017 – 2021
- Figure-14: Cuisines Type – Forecast for Asian/Latin American Market (Million US$), 2022 – 2027
- Figure-15: Cuisines Type – Seafood Market (Million US$), 2017 – 2021
- Figure-16: Cuisines Type – Forecast for Seafood Market (Million US$), 2022 – 2027
- Figure-17: Cuisines Type – Others Market (Million US$), 2017 – 2021
- Figure-18: Cuisines Type – Forecast for Others Market (Million US$), 2022 – 2027
- Figure-19: End User – Quick Service Restraunt (QSR) Market (Million US$), 2017 – 2021
- Figure-20: End User – Forecast for Quick Service Restraunt (QSR) Market (Million US$), 2022 – 2027
- Figure-21: End User – Street Venders Market (Million US$), 2017 – 2021
- Figure-22: End User – Forecast for Street Venders Market (Million US$), 2022 – 2027
- Figure-23: End User – Home Delivery Market (Million US$), 2017 – 2021
- Figure-24: End User – Forecast for Home Delivery Market (Million US$), 2022 – 2027
- Figure-25: End User – Cafés and bars Market (Million US$), 2017 – 2021
- Figure-26: End User – Forecast for Cafés and bars Market (Million US$), 2022 – 2027
- Figure-27: End User – Other Market (Million US$), 2017 – 2021
- Figure-28: End User – Forecast for Other Market (Million US$), 2022 – 2027
- Figure-29: Starbucks Corp. – Global Revenue (Million US$), 2017 – 2021
- Figure-30: Starbucks Corp. – Forecast for Global Revenue (Million US$), 2022 – 2027
- Figure-31: Domino's Pizza Inc. – Global Revenue (Million US$), 2017 – 2021
- Figure-32: Domino's Pizza Inc. – Forecast for Global Revenue (Million US$), 2022 – 2027
- Figure-33: The Wendys Co. – Global Revenue (Million US$), 2017 – 2021
- Figure-34: The Wendys Co. – Forecast for Global Revenue (Million US$), 2022 – 2027
- Figure-35: Kentucky Fried Chicken (KFC) – Global Revenue (Million US$), 2017 – 2021
- Figure-36: Kentucky Fried Chicken (KFC) – Forecast for Global Revenue (Million US$), 2022 – 2027
- Figure-37: Tim Hortons – Global Revenue (Million US$), 2017 – 2021
- Figure-38: Tim Hortons – Forecast for Global Revenue (Million US$), 2022 – 2027
- Figure-39: Restaurant Brands International Inc. – Global Revenue (Million US$), 2017 – 2021
- Figure-40: Restaurant Brands International Inc. – Forecast for Global Revenue (Million US$), 2022 – 2027
- Figure-41: A&W Food Services of Canada Inc – Global Revenue (Million US$), 2017 – 2021
- Figure-42: A&W Food Services of Canada Inc – Forecast for Global Revenue (Million US$), 2022 – 2027
- Figure-43: MTY Food Group Inc – Global Revenue (Million US$), 2017 – 2021
- Figure-44: MTY Food Group Inc – Forecast for Global Revenue (Million US$), 2022 – 2027
- Figure-45: Papa John's International Inc. – Global Revenue (Million US$), 2017 – 2021
- Figure-46: Papa John's International Inc. – Forecast for Global Revenue (Million US$), 2022 – 2027
- Figure-47: Performance Food Group Company – Global Revenue (Million US$), 2017 – 2021
- Figure-48: Performance Food Group Company – Forecast for Global Revenue (Million US$), 2022 – 2027
- List Of Tables:
- Table-01: Canada Fast Food Market Share by Type (Percent), 2017 – 2021
- Table-02: Forecast for – Canada Fast Food Market Share by Type (Percent), 2022 – 2027
- Table-03: Canada Fast Food Market Share by Cuisines Type (Percent), 2017 – 2021
- Table-04: Forecast for – Canada Fast Food Market Share by Cuisines Type (Percent), 2022 – 2027
- Table-05: Canada Fast Food Market Share by Restaurant Type (Percent), 2017 – 2021
- Table-06: Forecast for – Canada Fast Food Market Share by Restaurant Type (Percent), 2022 – 2027
- Table-07: Canada Fast Food Market Share by Channel (Percent), 2020 – 2021
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