Foodservice Industry Forecast 2019-2023

The Foodservice Industry Forecast report has all the answers. This five-year forecast of industry performance by segment and province is a must-have resource if you’re developing your business’ current and future growth strategies.

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This guide will help you make informed decisions on where to invest in your business for today and in the near future — whether that means expanding takeout offerings, introducing plant-based menu items or adopting new technologies to increase productivity.

Report Highlights
  • Commercial foodservice sales in Canada are forecast to expand by 3.6% in 2019. This figure reveals a noticeable moderation in spending after achieving year-over-year sales growth of 5% or more between 2014 and 2018.
  • Adjusted for menu inflation of 2.6%, real sales are projected to grow by 1.0% in 2019, following a 0.8% increase in 2018.
  • In 2020, commercial foodservice sales will improve slightly with a 4.0% nominal increase. Alberta and Ontario will lead the way with 4.4% and 4.2% growth, respectively.
  • Strained personal financial situation remain a significant challenge to consumer spending over the near term as high household debt and lower disposable income restrain discretionary spending.
  • By 2021, combined commercial and non-commercial foodservice sales are forecast to surpass the $100-billion mark.

Table of Contents

  • Executive Summary
  • Business Insights
  • The Economic Climate
  • Foodservice Sales Forecasting
  • National Foodservice Industry Forecast
  • Quick-service Restaurants
  • Full-service Restaurants
  • Caterers
  • Drinking Places
  • Provincial Forecasts
  • Detailed Tables

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