Canada Foodservice Market

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Canada Foodservice Market
Canada Foodservice Market
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Canada Foodservice Market
According to Renub Research, report titled
Canada Foodservice Market, Size, Forecast
2022-2027, Industry Trends, Share, Growth, Impact
of COVID-19, Opportunity Company Analysis the
Canada Foodservice Market was USD 94.19 Billion
in 2021. Over the years, the foodservice industry
in Canada has revolutionized in size. Canadian
consumers tend to spend a substantial amount of
their earnings on foodservice owing to the four
crucial factors of value, convenience, health,
and sustainability that drive their choices.
Thus, Canada has a potential market in the
foodservice industry as it possesses a broad
consumer base with a multicultural population of
millions. Moreover, the millennials and
generation Zers are the major fast-food spenders
in the industry. The fast-food sector
traditionally includes food and beverages items
however, with the evolution of time, plant-based
products have also been added to the fast-food
list. Around the year, Canadians make millions
of restaurant visits on any typical day. In
addition, they have a more personal, direct, and
frequent association with the foodservice
industry. They stop for a coffee on their way to
work, they go out for dinner to celebrate an
anniversary, and they order in to feed a crowd.
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Canada Foodservice Market
Moreover, some people interact with restaurants
daily, and for others, a trip to a restaurant is
a special treat. Whatever the occasion, good
service, great food, and a safe and enjoyable
experience add to the growth of the foodservice
industry in Canada. Full-Service Restaurants
Grows with High Growth Rates The Canadian fast
food industry is categorized into quick-service
restaurants, full-service restaurants, caterers,
and drinking places. Full-service restaurants are
growing with high germination rates.
Additionally, quick-service restaurants also hold
a conspicuous share in the overall foodservice
business in Canada. The relatable augmentation of
the Canadian foodservice business is constantly
supported by Canada's economy, operating at total
capacity. Provincial Boundaries of Canada
Foodservice Industry Across Canada, the
foodservice industry has embarked on concrete
expansion plans to effectively perceive its
presence in provinces like Newfoundland
Labrador, Prince Edward Island, Nova
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Canada Foodservice Market
Scotia, New Brunswick, Quebec, Ontario, Manitoba,
Saskatchewan, Alberta, and British
Columbia. Further, with moderation from the
significant increases in recent years, Ontario is
among Canada's fastest total foodservice market
growth due to a thriving population and healthy
job generation aggregates. Hence as per our
analysis, the foodservice industry in Ontario
will remain healthy during 2021-2027. On the
other hand, Quebec's foodservice industry
flourished average annual market growth year on
year. Growth was driven by the active consumer,
business, and tourist spending at restaurants and
drinking spots. Similarly, over the years, the
fast-food market in British Columbia has also
progressed amongst the highest growth figure in
Canada. Competitive Landscape The Canadian
fast food industry is highly competitive. The
significant players in the market comprise
Starbucks Corp., Papa John's International Inc.,
Domino's Pizza Inc., The Wendys Co.,
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Canada Foodservice Market
and Performance Food Group. As per our analysis,
these players have achieved popularity and will
develop further. Further, the players are also
undertaking expansion strategies, rolling out
innovative menus, and intensifying their
portfolios to gain a stronghold in the market.
For instance, in 2020, Tim Hortons launched three
variations of new Dream Donuts across Canada. The
three varieties constitute Dulce de Leche Crème,
the Strawberry Confetti, and Chocolate
Truffle. The Impact of COVID-19 on the Canadian
Foodservice Industry The COVID-19 pandemic has
created vital challenges for the foodservice
market in Canada. The situation was
unprecedented, with many foodservice businesses
being forced to close and filed for bankruptcy
during the pandemic. Therefore, exploring
emergent evidence food service industries in
Canada was struck by COVID-19.
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Canada Foodservice Market
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Canada Foodservice Market

• Although pandemic has had a destructive impact on
  the entire foodservice industry across Canada,
  the industry assumes it is poised to turn the
  corner as customers revert to dining out. The
  foodservice industry, which bore the brunt of
  COVID-related dine-in restrictions, quickly
  carved out its share of the recovery in the
  April-May-June quarter of 2021. Also, consumer
  spending jumped compared to the decline last
  year. As per this research report, Canada Fast
  Food Market was US 94.19 Billion in 2021.
• Market Summary
• Restaurant Type We have covered Commercial
  (Quick Service Restaurants, Full Service
  Restaurants, Caterers and Drinking Places) and
  Non-Commercial.
• Province - In our report we have covered
  provincial outlook of Newfoundland Labrador,
  Prince Edward Island, Nova Scotia, New Brunswick,
  Atlantic Region, Quebec, Ontario, Manitoba,
  Saskatchewan, Alberta and British Columbia

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Canada Foodservice Market
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Canada Foodservice Market

• Traffic - In our report we have studied the
  traffic patterns in Full Service Restaurants
  (Morning Meal, Lunch, Supper and PM Snack) and
  Quick Service Restaurants (Morning Meal, Lunch,
  Supper and PM Snack).
• Food Items Our report covers food items like
  French Fries, Potato, Sweet Potato, Onion Rings,
  Breakfast Item, Burger, Sandwich, Subs, Chicken,
  Breads, Salad, Pizza, Panzerotti, Calzone, Cakes,
  Squares, Muffins and Vegetarian Item (Incl
  Eggs/Dairy as food items in the market.
• Beverage Items We have studied beverage items
  like Coffee, Carbonated Soft Drink, Pop, Soda,
  Water (includes tap water), Hot Tea, Alcoholic
  Beverages, Fruit Juice, Iced Tea, Milkshakes,
  Smoothies, Milk and Hot Chocolate).
• Average Check Size Per Person We have covered
  Quick Service Restaurants, Full Service
  Restaurants (Midscale Dining, Casual Dining and
  Fine Dining) and Retail Foodservice with respect
  to Average Check Size Per Person.
• Channel - We have studied aspects of Quick
  Service Restaurants and Full Service Restaurants
  through Delivery, Takeout, Drive Thru and Dine-in
  existing in Canada Foodservice Industry.

Canada Foodservice Market
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Canada Foodservice Market

• Operating Ratios We have covered Operating
  Ratios like Cost of Sales, Salaries Wages,
  Repair Maintenance, Rental Leasing,
  Utilities, Advertising, Depreciation, Other and
  Pre-Tax Profit.
• Key Companies The key players include Starbucks
  Corp., Papa John's International Inc., Domino's
  Pizza Inc., The Wendys Co. and Performance Food
  Group.

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Canada Foodservice Market
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Canada Foodservice Market