{"id":4069,"date":"2024-10-11T14:16:43","date_gmt":"2024-10-11T18:16:43","guid":{"rendered":"https:\/\/www.restaurantscanada.org\/?post_type=research&#038;p=4069"},"modified":"2024-10-11T14:16:46","modified_gmt":"2024-10-11T18:16:46","slug":"foodservice-sales-forecast-to-grow-4-4-in-2025","status":"publish","type":"research","link":"https:\/\/www.restaurantscanada.org\/fr\/research\/foodservice-sales-forecast-to-grow-4-4-in-2025\/","title":{"rendered":"Foodservice Sales Forecast to Grow 4.4% in 2025"},"content":{"rendered":"\n<p>According to Restaurants Canada\u2019s latest forecast, foodservice sales are forecast to grow by 4.4% in 2025 compared to 2024.\u00a0 On the surface, this represents a \u2018typical\u2019 year of foodservice sales growth. Once adjusted for menu inflation of 3.0% and population growth of 1.5%, however, real per capita spending will essentially be unchanged from 2024.\u00a0 In 2024, real per capita sales slipped 2.0% due to households cutting back on discretionary spending.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"791\" src=\"https:\/\/www.restaurantscanada.org\/wp-content\/uploads\/2024\/10\/RC-Insider-2-6-1024x791.jpg\" alt=\"\" class=\"wp-image-4070\" style=\"width:781px;height:auto\" srcset=\"https:\/\/www.restaurantscanada.org\/wp-content\/uploads\/2024\/10\/RC-Insider-2-6-1024x791.jpg 1024w, https:\/\/www.restaurantscanada.org\/wp-content\/uploads\/2024\/10\/RC-Insider-2-6-300x232.jpg 300w, https:\/\/www.restaurantscanada.org\/wp-content\/uploads\/2024\/10\/RC-Insider-2-6-768x593.jpg 768w, https:\/\/www.restaurantscanada.org\/wp-content\/uploads\/2024\/10\/RC-Insider-2-6-1536x1187.jpg 1536w, https:\/\/www.restaurantscanada.org\/wp-content\/uploads\/2024\/10\/RC-Insider-2-6-2048x1583.jpg 2048w, https:\/\/www.restaurantscanada.org\/wp-content\/uploads\/2024\/10\/RC-Insider-2-6-600x464.jpg 600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Total commercial sales, which include spending at quick-service restaurants, full-service restaurants, caterers and drinking places, are forecast to surpass $100 billion in 2025.&nbsp; When non-commercial foodservice sales (accommodation, institutional retail and other) are included, total foodservice sales are projected to increase to $124 billion.<\/p>\n\n\n\n<p>The outlook is based on the latest forecasts from the Conference Board of Canada, which calls for the Canadian economy to grow by 2.1% in 2025 following a 1.0% projected increase in 2024. Retail spending is also forecast to improve in 2025, following two years of sub-par gains.\u00a0 However, a weak labour market will restrain disposable income growth and dampen consumer confidence.\u00a0 As a result, foodservice sales are forecast to see flat sales once adjusted for inflation and population growth. For forecasts by quarter and by commercial foodservice segment, click <strong><a href=\"https:\/\/www.restaurantscanada.org\/research\/the-quarterly-q3-2024\/\">here<\/a><\/strong>.<\/p>\n\n\n\n<div class=\"wp-block-group is-layout-constrained wp-block-group-is-layout-constrained\">\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<div class=\"wp-block-media-text is-stacked-on-mobile\" style=\"grid-template-columns:30% auto\"><figure class=\"wp-block-media-text__media\"><img decoding=\"async\" src=\"https:\/\/www.restaurantscanada.org\/wp-content\/uploads\/2024\/02\/rc-headshots-79-of-256-scaled.jpg\" alt=\"Chris Elliott\" class=\"wp-image-21058 size-full\"\/><\/figure><div class=\"wp-block-media-text__content\">\n<p class=\"has-small-font-size\">As the&nbsp;<strong>Chief Economist and Vice President of Research for Restaurants Canada, Chris Elliott<\/strong>&nbsp;manages and produces a comprehensive research program that has made Restaurants Canada a leading source of information for and about Canada\u2019s $114-billion foodservice industry. Chris tracks and analyzes key industry and economic indicators and translates them into member reports and publications. He also provides research to support Restaurants Canada\u2019s lobbying efforts on issues that affect foodservice operators \u2013 from payroll taxes to food costs.<\/p>\n\n\n\n<p class=\"has-small-font-size\">Chris has worked with Restaurants Canada for&nbsp;over 20 years, has a Bachelor of Arts and Master Degree in Economics and specializes in economic modelling and forecasting.<\/p>\n<\/div><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>According to Restaurants Canada\u2019s latest forecast, foodservice sales are forecast to grow by 4.4% in 2025 compared to&#8230;<\/p>\n","protected":false},"author":5,"featured_media":4072,"template":"","meta":{"_acf_changed":false},"research-type":[177],"advocacy-issue":[],"class_list":["post-4069","research","type-research","status-publish","has-post-thumbnail","hentry","research-type-economists-notebook"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Foodservice Sales Forecast to Grow 4.4% in 2025 - 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