Market Overview

The Canada foodservice market is a growing industry with numerous opportunities for investors and stakeholders. It is a market that has experienced consistent growth over the past decade and is expected to continue growing over the next few years. The foodservice market includes various segments such as restaurants, cafes, bars, pubs, and hotels, among others.

Meaning:

The foodservice industry involves the provision of food and beverages to customers in a commercial setting. This includes restaurants, cafes, bars, and other establishments that offer food and drinks to customers. The Canada foodservice market is a major contributor to the Canadian economy, generating significant revenue and providing employment opportunities for thousands of people.

Executive Summary:

The Canada foodservice market has seen a significant increase in demand in recent years. The growing population and increasing disposable incomes are driving the demand for foodservice establishments. The market is highly competitive, with various players operating in different segments. Key trends such as digitalization, changing consumer preferences, and increasing focus on sustainability are expected to drive the market over the next few years.

Important Note: The companies listed in the image above are for reference only. The final study will cover 18–20 key players in this market, and the list can be adjusted based on our client’s requirements.

Key Market Insights:

• The Canada foodservice market is expected to grow at a CAGR of 5.5% from 2021 to 2026.
• The quick-service restaurants segment is the largest segment in the market, accounting for over 45% of the market share.
• The full-service restaurants segment is expected to grow at a higher CAGR than the quick-service restaurants segment due to changing consumer preferences.
• The online food delivery segment is expected to grow at the fastest rate due to increasing demand for convenience and the growing popularity of online ordering platforms.
• The COVID-19 pandemic has had a significant impact on the foodservice industry, leading to changes in consumer behavior and industry dynamics.

Market Drivers:

• Growing population and urbanization
• Increasing disposable incomes
• Changing consumer preferences
• Growing demand for convenience
• Increasing popularity of online ordering platforms

Market Restraints:

• High competition
• Increasing cost of ingredients and labor
• Changing regulations and policies
• Challenges related to food safety and quality

Market Opportunities:

• Growing demand for sustainable and healthy food options
• Increasing focus on digitalization
• Growing demand for food delivery services
• Expansion of foodservice establishments in untapped regions

Market Dynamics:

The Canada foodservice market is a dynamic industry with various factors influencing its growth and development. The market is highly competitive, with various players operating in different segments. Key trends such as digitalization, changing consumer preferences, and increasing focus on sustainability are expected to drive the market over the next few years. The COVID-19 pandemic has also had a significant impact on the market, leading to changes in consumer behavior and industry dynamics.

Regional Analysis:

The Canada foodservice market is segmented into different regions, including Ontario, Quebec, British Columbia, and Alberta, among others. Ontario is the largest market in terms of revenue, followed by Quebec and British Columbia. These regions have a significant number of foodservice establishments and a growing population, which is driving the demand for food and beverages.

Competitive Landscape:

Leading Companies in the Canada Foodservice Market:

1. Recipe Unlimited Corporation
2. MTY Food Group Inc.
3. Restaurant Brands International Inc.
4. Boston Pizza International Inc.
5. Cara Operations Limited
6. A&W Food Services of Canada Inc.
7. Tim Hortons Inc.
8. McDonald’s Restaurants of Canada Limited
9. Pizza Pizza Limited
10. Freshii Inc.

Please note: This is a preliminary list; the final study will feature 18–20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

Segmentation:

The Canada foodservice market is segmented based on the type of establishment, including quick-service restaurants, full-service restaurants, cafes and bars, and hotels, among others. The market is also segmented based on the mode of service, including dine-in, takeaway, and online delivery.

Category-wise Insights:

• Quick-service restaurants: This segment includes fast-food chains that provide quick service to customers. It is one of the largest segments in the Canada foodservice market, accounting for over 45% of the market share. Key players in this segment include McDonald’s, Tim Hortons, and Subway, among others. This segment is expected to continue dominating the market due to the increasing demand for convenience and quick service.

• Full-service restaurants: This segment includes restaurants that provide table service to customers. It is expected to grow at a higher CAGR than the quick-service restaurants segment due to changing consumer preferences and increasing demand for a more personalized dining experience.
• Cafes and bars: This segment includes establishments that serve beverages, snacks, and light meals. It is a growing segment in the market, with increasing demand for specialty coffee and other beverages.
• Hotels: This segment includes restaurants and foodservice establishments in hotels. It is a significant segment in the market, with increasing demand from tourists and business travelers.

Key Benefits for Industry Participants and Stakeholders:

The Canada foodservice market offers various benefits for industry participants and stakeholders, including:

• Significant revenue generation opportunities
• Increasing demand from a growing population
• Expansion opportunities in untapped regions
• Growing demand for sustainable and healthy food options
• Increasing focus on digitalization to enhance customer experience

SWOT Analysis:

Strengths:

• Growing population and increasing disposable incomes
• Increasing demand for sustainable and healthy food options
• Growing focus on digitalization

Weaknesses:

• High competition
• Increasing cost of ingredients and labor

Opportunities:

• Growing demand for food delivery services
• Expansion of foodservice establishments in untapped regions

Threats:

• Changing consumer preferences
• Changing regulations and policies
• Challenges related to food safety and quality

Market Key Trends:

• Digitalization: Increasing use of technology to enhance customer experience and drive sales
• Changing consumer preferences: Growing demand for sustainable and healthy food options
• Increasing focus on sustainability: Growing focus on sustainable practices and reducing environmental impact

Covid-19 Impact:

The COVID-19 pandemic has had a significant impact on the Canada foodservice market, leading to changes in consumer behavior and industry dynamics. The pandemic has led to the closure of many foodservice establishments, with significant losses in revenue for the industry. However, the pandemic has also led to changes in consumer behavior, with increasing demand for online ordering and delivery services.

Key Industry Developments:

• Launch of new products and menu items by key players
• Increasing focus on sustainability and reducing environmental impact
• Expansion of foodservice establishments in untapped regions

Analyst Suggestions:

• Focus on sustainability and reducing environmental impact
• Use of technology to enhance customer experience and drive sales
• Expansion opportunities in untapped regions

Future Outlook:

The Canada foodservice market is expected to continue growing over the next few years, driven by increasing demand from a growing population and changing consumer preferences. Key trends such as digitalization and sustainability are expected to drive the market over the next few years. The market is also expected to face challenges such as high competition and changing regulations and policies.

Conclusion:

The Canada foodservice market is a growing industry with significant opportunities for investors and stakeholders. The market is highly competitive, with various players operating in different segments. Key trends such as digitalization, changing consumer preferences, and increasing focus on sustainability are expected to drive the market over the next few years. The COVID-19 pandemic has had a significant impact on the market, leading to changes in consumer behavior and industry dynamics. The future outlook for the market is positive, with increasing demand from a growing population and expanding opportunities in untapped regions.