Foodservice Facts 2024

This annual report presents the latest foodservice statistics, trends and forecasts, along with a detailed analysis of how they will affect foodservice operators. From forecasting to market research, learn how to reach your consumers and win in today’s competitive market.

Charting a Path to Prosperity

The Canadian foodservice industry stands at a pivotal moment: incremental growth is on the horizon, but the path forward remains clouded by ongoing challenges. Economic pressures, changing demographics and consumer behaviours, and the aftershocks of global disruptions continue to create headwinds operators must navigate carefully. While the future holds promise, success will favour those who can adapt and innovate while managing risks in an increasingly complex landscape.

2024’s Foodservice Facts Report is all about navigating through the challenges.  This year’s report is designed to assist restaurant owners with the following:

The economy – Canada’s commercial foodservice sector is set for steady, though tempered, growth over the next five years. While the economy is expected to improve, which segments will see the strongest growth going forward over the next five years?

Demographics – By 2041, nearly half of Canadians will belong to visible minority groups, many of whom dine out more frequently than others. How will this impact the restaurant industry and what do restaurants need to consider in order to adapt to these changes?

Loyalty – Loyalty programs are increasingly vital for restaurants. What are guests looking for in a loyalty program and how can restaurants use loyalty programs to grow their traffic and topline sales?

Technology – Incorporating technology can improve both efficiency and productivity, providing a competitive advantage over other restaurants. While guests are interested in more technology at restaurants, the types of technology guests want varies significantly by segment and by age.

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