Thursday, 17 May 2012

The Future of Foodservice in Canada to 2016

London, May 17th, 2012 Within the foodservice industry, the profit sector accounted for a 92.7% share of the total foodservice sales in 2011 and registered a sales growth of 3.67% CAGR during the review period. In 2011, the cost sector of the foodservice industry represented 7.3% of total foodservice sales and registered a CAGR of 3.16% during the review period (reference see graph below).  Restaurants were the largest contributor to total foodservice sales in the country with a share of 73.8% in 2011. The largest channel in the cost sector was education foodservices, which contributed 72.1% of the total cost sector sales.

In spite of sluggish economic growth and a low rise in disposable income, the foodservice industry in Canada recorded positive growth in 2011. Furthermore, the Canadian foodservice industry is expected to record a positive CAGR during the forecast period, primarily due to rising disposable income leading to increased consumer expenditure in the Canada.

Inflation in Canada increased to 1.96% in 2011, and expected to stand at 2.0% in 2016. The unemployment rate was 7.54% in 2011 compared to 7.88% in 2010 and total employments in 2011 increased to 16,964, 0.2% over the previous year. Furthermore, the decline in inflation and unemployment is expected to have a positive impact on consumer confidence and out of home food expenditure in the country.

Demographic changes in the country are expected to increase the demand for nutritious and healthy food in the country. Canada has been experiencing an increase in the population aged above 65 years in the review period, and the trend is expected to continue in the forecast period.

The increase in single person households has been one of the main drivers to increase the total number of households in the country. Also, the participation of women in the labor force has also been constantly increasing. Both of these trends tend to increase the consumption of out of home cooked food in the country.

The obese population, as a percentage of the total population increased from 23.9% in 2006 to 25.3% in 2011. Increased obesity, diabetes, and healthcare expenditures have made people evaluate their eating habits. As a result, the trend towards adopting healthier lifestyle is accelerating in Canada.

To purchase the full report, please click here.

About Industry Review:
Industry Review is a collection of incisive, regularly updated market reports across 40+ industry sectors and 100+ countries.

We provide access to the latest data on global and local markets, key industries, top companies, M&A activity, new product launches and trends so you can make faster and better informed business decisions.

The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.

With access to over 400 in-house analysts and journalists, and a global media presence in over 30 industries, Industry Review delivers in-depth knowledge of local markets worldwide.

For more information, please visit our website at

For more information on the article, please contact:

Press Contact:
Shelly Wills
Tel: +44 (0) 20 7936 6671

No comments:

Post a Comment