Canada – The Future of Foodservice to 2023

2019-12-30
Price :
Published : Dec-2019
No. of Pages : 144

Canada – The Future of Foodservice to 2023

Summary

“Canada – The Future of Foodservice to 2023” published by GlobalData provides extensive insight and analysis of the Canadan Foodservice market over the next five years (2018-2023) and acts as a vital point of reference for operators or suppliers.

In 2018, Canada’s foodservice profit sector was valued at approximately CAD80.3 billion. Value growth has been predominantly driven by growth in transactions, with outlet growth remaining low. Foodservice profit sector value is forecast to register a CAGR of 3.0% to 2023, slightly lower than the 3.2% growth seen through 2016-2018. The FSR and QSR channels lead the Canadian foodservice profit sector, generating a combined 66.9% of total profit sector sales in 2018. While all three key restaurant channels (FSR, QSR and most notably coffee and tea shops) are dominated by chain operators, the country’s pub, club and bar channel remains heavily fragmented, with independent operators generating nearly 81.3% of total channel sales value in 2018.

The report includes –

– Consumer spending has been underpinning economic growth for several years in a row. However, this has come under immense pressure in 2018 due to multitude of factors, primarily softening home prices, increasing interest rates and softened job growth.
– In 2018, Canada’s foodservice profit sector was valued at approximately CAD80.3 billion. Value growth has been predominantly driven by growth in transactions, with outlet growth remaining low.
– Customer segmentation: identify the most important demographic groups, buying habits and motivations that drive out-of-home meal occasions among segments of the Canadan population.
– Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.
– Case Studies: Learn from examples of recent successes and failures within the Canadan foodservice market.

Scope

– Foodservice profit sector value is forecast to register a CAGR of 3.0% to 2023, slightly lower than the 3.2% growth seen through 2016-2018
– The FSR and QSR channels lead the Canadian foodservice profit sector, generating a combined 66.9% of total profit sector sales in 2018.
– In comparison to other foodservice channels, the coffee and tea shop market is relatively consolidated, with chain operators accounting for 33.6% of total market sales. Coffee and tea shop chains tend to be more popular among older consumers.

Reasons to buy

– Specific forecasts of the foodservice market over the next five years (2018-2023) will give readers the ability to make informed business decisions through identifying emerging/declining markets.
– Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR, Coffee & Tea shops, Pubs, Clubs and Bars) will allow readers understand the wants and needs of their target demographics.
– Relevant case studies will allow readers to learn from and apply lessons discovered by emerging and major players within Canada’s’s foodservice market.

Filed in: Food & Beverage
Publisher : GlobalData
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