PROSPECTS AND OPPORTUNITIES
Recovery of domestic and international tourism boosting sales for travel outlets
Canada’s tourism industry has made a remarkable recovery, with total tourism spending now surpassing pre-pandemic levels and growing faster than the overall economy. According to Destination Canada, the number of visitors in the second quarter of 2024 has reached 97% of 2019 levels, and the country remains a top destination for European travellers.
High cost of hotels reducing demand for lodging restaurants
A new set of short-term rental regulations in British Columbia, introduced in May 2024, has significantly reshaped the accommodation landscape. Under these new rules, short-term rental listings on platforms such as Airbnb are now restricted to a host’s primary residence, meaning that investment properties can no longer be used solely for short-term stays.
Projected low inflation and lower cost of borrowing expected to boost stand-alone restaurant growth
The Bank of Canada has confirmed that the target inflation rate of 2% has been achieved in the second half of 2024, with plans to maintain inflation within this range over the next two to three years. Additionally, interest rates have begun to decline, with the first cuts introduced in March 2024.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Foodservice by Location industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Foodservice by Location industry in Canada, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Consumer Foodservice by Location in Canada report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Consumer Foodservice by Location in Canada?
- Which are the leading brands in Consumer Foodservice by Location in Canada?
- How are multinational and local operators competing and expanding in Canada?
- How are consumer lifestyle trends and eating habits shaping Consumer Foodservice by Location in Canada?
- How is the Consumer Foodservice by Location industry adapting to a post-COVID-19 market environment? Where are the opportunities amidst the challenges?
- How significant are health considerations in shaping the future of Consumer Foodservice by Location in Canada? Which of these trends hold the greatest potential demand?
- Where is future growth expected to be most dynamic?
Consumer Foodservice By Location in Canada - Category analysis
KEY DATA FINDINGS
Retail operators expand as Canadians demand more in-store shopping experiences
Food halls gaining momentum and attracting customers across Canada
Stand-alone restaurants maintain large market share, but profitability concerns discourage new entries
Recovery of domestic and international tourism boosting sales for travel outlets
High cost of hotels reducing demand for lodging restaurants
Projected low inflation and lower cost of borrowing expected to boost stand-alone restaurant growth
Consumer Foodservice in Canada - Industry Overview
Consumer foodservice in 2024: The big picture
2024 key trends
Competitive landscape
Independent foodservice developments
What next for consumer foodservice?
DISCLAIMER
The following categories and subcategories are included:
Consumer Foodservice by Location
- Consumer Foodservice Through Standalone
- Consumer Foodservice Through Leisure
- Consumer Foodservice Through Retail
- Consumer Foodservice Through Lodging
- Consumer Foodservice Through Travel
Consumer Foodservice by Location
Consumer foodservice is composed of cafés/bars, full-service restaurants, limited-service restaurants, self-service cafeterias and street stalls/kiosks. Consumer foodservice by location breaks out each foodservice sector according to its location - leisure, lodging, retail, standalone, travel.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Consumer Foodservice by Location research and analysis database.
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