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Jun 11, 2024 · What is the fast food market in Canada worth? In 2021, the fast food industry in Canada was worth $27 billion. Between 2016 and 2021, the fast food industry grew by 1.3%. Following the pandemic, fast-food restaurants in Canada experienced an 8.2% market growth in 2022 and the market size is now $29.8 billion.
- In total, there were 31,577 fast food vendors in Canada in 2021. This is approximately 10.3 fast-food restaurants per 10,000 people.
- In 2021, 394,134 people were working in the fast food industry. There will be around 43,300 new jobs created in the fast-food industry between 2019...
- In 2021, the fast food industry in Canada was worth $27 billion. Between 2016 and 2021, the fast food industry grew by 1.3%. Following the pandemic...
- Households in Canada spent almost a quarter (24%) of their budgets on eating out. 63% of Canadians say eating out is a luxury, yet almost the same...
- Tim Hortons is the most popular restaurant in Canada. It is owned by Restaurant Brands Inc. which also includes Burger King. Following Tim Hortons...
- The Canada fast food market share is estimated at $27 billion. (Source: Food Truck Empire, Ibis World) Canadian fast food statistics reveal the Canadian fast food industry is worth an impressive $27 billion in 2021.
- There are around 10.3 fast food restaurants per 10,000 people. (Source: Food Truck Empire) Canadian fast food industry statistics for 2021 show there are 31,577 fast food stores around the country.
- The street vendor market in Canada is worth $325 million. (Source: Ibis World) 2,093 small businesses operate in this category, employing 2,483 people.
- The restaurant industry could lose between $21.7 billion and $44.8 billion because of the pandemic. (Source: Food Truck Empire) In 2019, the food service reached over $93 billion in sales and was expected to go over $100 billion before the pandemic hit.
As results, Canada Fast Food Market changed into valued at US$ 26.39 Billion in 2022. Burgers and sandwiches are projected to dominate the Canadian speedy food industry's market proportion within the coming years. By Type, Canada Fast Food Market is segmented into Pizza/Pasta, Burger/Sandwich, Chicken, Asian/Latin American Food, Sea-food& others.
- 4.6%
- 180
- 2022-2030
- September 2023
- How Are IBISWorld Reports created?
- What Data Sources Do IBISWorld Analysts use?
- How Does IBISWorld Forecast Its Data?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry report...
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights. Key data sources in Canada include: 1. Statistics Canada 2. Industry Canada 3. Canadian Business Patterns Ana...
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts...
Dec 7, 2020 · 29 Canadian Fast Food Industry Statistics and Trends (2021 Update) Canada loves their fast food chains. Fast food is a $27 billion industry that employs nearly one million people or about 2.7% of the total population of Canada. Canadians are particularly loyal to the local chain Tim Hortons.
Jun 11, 2024 · The Canadian restaurant industry experienced rapid growth between 2006 and 2016 when restaurant sales grew far faster than the population at 50% compared to 11.4%. In 2022, there were 97,569 food and drink establishments in Canada and 98.5% of them had between 0 and 99 employees.
Sep 14, 2018 · Canadian Fast Food Industry Trends and Analysis. Through 2023, the GDP of Canada is forecast to rise at an annualized rate of about 2%. Over the same period, the Canadian fast food industry is expected to grow at an annualized rate of 3.4%.
