Food & Beverage Market Research News

Canada's foodservice market growth forecast to accelerate to 2021 at a sector-leading CAGR of 5.1% explored in latest research

Food & Beverage Market Research

Sales value in Canada’s foodservice profit sector rose at a strong CAGR of 3.1% from 2014-2016. This growth is forecast to continue to 2021, at a CAGR of 3.4%.

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"Canada The Future of Foodservice to 2021", published by GlobalData, provides extensive insight and analysis of Canada's foodservice market over the next five years (2016-2021) and acts as a vital point of reference for operators or suppliers.

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Between 2014 and 2016, growth in all channels was driven to a greater extent by rising transactions numbers, as outlet growth remained weak or stagnant.

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The FSR and QSR channels lead the Canadian foodservice profit sector, generating a combined 63.6% of total revenue in 2016. 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 90% of total channel sales value in 2016.

The large majority (86%) of the country’s population currently resides in only four of Canada’s thirteen provinces and territories, limiting expansion opportunities for operators beyond key southern regions. Growth in the country’s foodservice market is also increasingly challenging as rising numbers of Canadian consumers feel uncertain and concerned about their personal financial situation.

The report includes
Overview of Canada's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the South African foodservice market including GDP per capita, consumer price index, population growth and annual household income distribution.
Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR, Coffee & Tea Shops, and Pubs, Clubs and Bars) within the Canadian foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price.
Customer segmentation: indentify the most important demographic groups, buying habits and motivations that drive out-of-home meal occasions among segments of the Canadian 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 Canadian foodservice market.

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Sales value in the Canadian QSR channel rose at a strong CAGR of 4.7% between 2014 and 2016, with growth forecast to accelerate to 2021 at a sector-leading CAGR of 5.1%. Despite steadily falling unemployment rates and, on average, high levels of disposable income, the many challenges currently facing Canada’s economy are resulting in lowered financial confidence among many consumers, who are increasingly trading down from FSR to the more affordable QSR channel.
The coffee & tea shop channel is heavily consolidated, with market leaders Tim Hortons and Starbucks generating a respective 70.9% and 18.2% share of total channel revenue in 2016, while independents merely claimed a 2.2% share of the market. It is becoming increasingly challenging for independent operators to penetrate and thrive in a heavily consolidated and saturated coffee and tea shop market, where Tim Hortons and Starbucks alone represent a 66% share of total outlets and generate nearly 90% of total sales value.

Reasons to access
Specific forecasts of the Canadians foodservice market over the next five years (2016-2021) 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 and 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 the Canadian foodservice market.

Companies Mentioned:
Cara Operations
Chairman's Brands
Country Style
Mandarin Restaurants
Montana’s BBQ & Bar
Moxie’s Grill & Bar
Pizza Hut
Second Cup Coffee Co.
Swiss Chalet
The Keg
Tim Hortons
Yum! Brands

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