Canada Foodservice Market Insights Forecasts to 2033

• The Canada Foodservice Market Size was valued at USD 90.5 Billion in 2023.
• The Market is Growing at a CAGR of 17.67% from 2023 to 2033
• The Canada Foodservice Market Size is Expected to reach USD 460.5 Billion by 2033

The Canada Foodservice Market Size is anticipated to Exceed USD 460.5 Billion by 2033, Growing at a CAGR of 17.67% from 2023 to 2033. The increasing online food deliveries, preference for breakfast on the go, and the opening of new establishments are driving the growth of the foodservice market in Canada.

Market Overview

Foodservice refers to the businesses, institutions, and companies in which food is prepared and delivered to a consumer (whether at the counter, table, or home). It basically involves preparing, handling, cooking, storing, and delivering foods to consumers away from their homes. Establishments such as restaurants, cafes, cafeterias, and institutional catering companies are part of the food service industry. The integration of digitalization in the food service industry to empower consumer demand with precision, streamline operations, maximize customer convenience, and drive engagement are offering market growth opportunities.

Report Coverage

This research report categorizes the market for the Canada foodservice market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Canada foodservice market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Canada foodservice market.

Driving Factors

Online food ordering has grown to be a significant aspect of the culinary scene since the introduction of sophisticated technology and the widespread usage of smartphones. The country’s hectic lifestyle and rising convenience preferences surge the demand for online food deliveries, thereby driving the Canada food service market. The rising popularity of convenience products including breakfast on the go owing to portability and instant preparation are significantly contributing to drive the market growth. Further, the increasing opening of new established in the food service sector is contributing to drive the market growth.

Restraining Factors

Online food delivery services are estimated to be disrupting the United Nations’ 2030 Sustainable Development Goals (SDGs) that address good health and well-being. Thus, the negative impacts associated with online food delivery such as plastic packaging and long-distance transportation are challenging the Canada foodservice market.

Market Segmentation

The Canada Foodservice Market share is classified into type, restaurant type, and service type.

• The full service restaurants segment dominated the market with the largest market share during the forecast period.

The Canada foodservice market is segmented by type into full service restaurants, quick service restaurants, institutes, and others. Among these, the full service restaurants segment dominated the market with the largest market share during the forecast period. The increasing consumer demand for dining out experience, interest in gourmet & ethnic cuisines, and technological advancements for enhancing the dining experience are driving the market growth.

• The chained segment is anticipated to grow at the fastest CAGR through the forecast period.

The Canada foodservice market is segmented by restaurant type into chained and independent. Among these, the chained segment is anticipated to grow at the fastest CAGR through the forecast period. Chained food service refers to the sale of food and drinks for instant consumption, take-away, and home delivery. The trend of customization of food menus profiling, demand for take-out food, and rising urbanization are driving the market.

• The delivery segment is expected to grow at the fastest CAGR rate during the forecast period.

Based on the service type, the Canada foodservice market is divided into dine-in, takeout, and delivery. Among these, the delivery segment is expected to grow at the fastest CAGR rate during the forecast period. There is a growing development of online food delivery applications to order food from different restaurants. Food is delivered to customers from restaurants or other food service providers. The increasing use of smartphones and internet penetration are augmenting the market growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Canada foodservice market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Starbucks Corp.
• Papa John's International Inc.
• Domino's Pizza Inc.
• Recipe Unlimited Corporation
• The Wendys Co.
• Performance Food Group
• MTY Food Group
• Restaurant Brands International (RBI)
• A&W Food Services of Canada Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In October 2024, US fast-casual franchise concept Freddy’s Frozen Custard & Steakburgers is set to increase its presence in Canada with three new locations in Winnipeg, Manitoba. 

• In September 2024, Canadian fast food chain A&W has teamed up with Ruffles to launch two new burgers for a limited period. The companies have announced the debut of the Ruffles Crunch Teen Burger and the Ruffles Crunch Buddy Burger.

• In March 2024, Circana, the leading advisor on the complexity of consumer behavior, announced the launch of SalesTrack, a dynamic tool designed to track brand performance relative to competition weekly within the Canadian foodservice industry.
   

Market Segment

This study forecasts revenue at Canada, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Canada Foodservice Market based on the below-mentioned segments:

Canada Foodservice Market, By Type

• Full Service Restaurants
• Quick Service Restaurants
• Institutes
• Others

Canada Foodservice Market, By Restaurant Type

• Chained
• Independent

Canada Foodservice Market, By Service Type

• Dine-In
• Takeout
• Delivery