PROSPECTS AND OPPORTUNITIES
Expansion of smart vending and cashless payments to cater to a young and dynamic audience
Overall, vending is projected to see retail value (constant 2024 prices) sales drop significantly through the forecast period. Only foods vending and drinks vending are expected to see positive growth trajectories as players compete against developing and dynamic retail rivals for foot traffic and consumer wallet.
Health-conscious consumers to drive changing vending offer
Meanwhile, the trend towards healthier drinks and snacks is likely to strengthen in vending, with the operators of brands like Aramark and Van Houtte expanding their ranges of nutritious and sustainable products. As more consumers prioritise wellness, vending operators will need to adjust their product offerings accordingly, including the offer of organic snacks, plant-based options and beverages with fewer artificial ingredients.
Foot traffic challenges to remain constant in vending
While vending machines remain convenient options for consumers, foot traffic in traditional vending locations, such as office buildings and public transport stations, may not fully recover to reach pre-pandemic levels in the short to medium term. Vending operators will need to adapt by strategically placing machines in high-traffic areas, such as gyms, hospitals and residential complexes.
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Overview:
Understand the latest market trends and future growth opportunities for the Vending 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 Vending 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 Vending 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 Vending in Canada?
- Which are the leading retailers in Vending in Canada?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Vending in Canada - Category analysis
KEY DATA FINDINGS
Reduced foot traffic and a preference for fresh food stall vending’s recovery
Vending develops its offer of healthier products
Rise of smart vending technology
Expansion of smart vending and cashless payments to cater to a young and dynamic audience
Health-conscious consumers to drive changing vending offer
Foot traffic challenges to remain constant in vending
Retail in Canada - Industry Overview
Retail in 2024: The big picture
Seamless shopping with the rise of omnichannel experiences in retail in 2024
Health and wellness takes centre stage in 2024
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
New Year’s Day
Valentine’s Day
Easter
Mother’s Day
Father’s Day
Canada Day
Back-to-School
Thanksgiving
Halloween
Black Friday
Cyber Monday
Christmas
Boxing Day
DISCLAIMER
Vending
Vending (automatic merchandising) is the sale of products at an unattended point of sale through a machine operated by introducing coins, bank notes, payment cards, tokens or other means of cashless payment. Sales figures cover vended products only (i.e. food, drink and other consumable goods such as vended tobacco, sanitary products and condoms). Services such as the public telephone, launderette facilities, travel tickets, stamps, passport photographs, domestic energy supplies and business card creation are excluded. Coverage includes vending systems installed in public and semi-captive environments only. Hotels, transport networks, recreational centres, shopping centres/malls are included. Factories, offices, hospitals, prisons, schools and other captive environments are excluded.
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 Vending research and analysis database.
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