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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.
- Restaurant Industry Statistics in Canada for 2024 - Made in CA
The food service and drinking places sales were $6.2 billion...
- Restaurant Industry Statistics in Canada for 2024 - Made in CA
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- 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...
- 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 $100 billion before the pandemic hit.
Canada Fast Food Market is predicted to reach US$ 38.03 Billion by using 2030, according to the publisher. Fast food can be defined as domestic-made food which may be organized fast, without difficulty available, and served. Fast food is popularly used in eating places, motels, and speedy-food centers.
- 4.6%
- 180
- 2022-2030
- September 2023
Jun 11, 2024 · The food service and drinking places sales were $6.2 billion in March 2019, up 1.2% from the previous month. Sales in limited-service restaurants were up the most at 1.9%, while Alberta and British Columbia saw the biggest increases in sales.
- Before the pandemic, in 2019, according to a household spending survey in Canada, households were spending $2,775 per year on restaurant food. That...
- Based on the number of restaurants, Tim Hortons is the most popular restaurant in Canada. The food chain has 3,531 restaurants in Canada with locat...
- According to data from the Government of Canada, 58% of restaurants are profitable, with an average revenue of $646,000.
Jan 31, 2024 · What is the market size of the Fast Food Restaurants industry? IBISWorld's statistic shows that as of 2024 the market size of the Fast Food Restaurants industry is $36.4bn an increase of 6.98% from 2023.
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.
