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. In addition, it facilitates clean guidance and upkeep of food. The upward thrust in number of restaurants and inns is attributed to rapider urbanization and globalization, which in flip is anticipated to boost the growth of the Canada speedy food market. Rise in health cognizance among consumers and increased demand for healthy and tasty food pressure the market increase. There are a variety of rise in worries associated with speedy food. Researches claimed that intake of rapid food increases obese, weight problems, and other scientific issues. The fitness difficulty is the most important restraint within the Canada fast grocery store growth. This rise in worries has led humans to interchange from fast food to speedy informal food.Canada Fast Food Market changed into valued at US$ 26.39 Billion in 2022
Canada Fast Food Market is expected to grow at a CAGR of 4.67% during 2022 to 2030
Canada populace is about to surge by 40 million by 2025, driving a 14.5% growth in disposable income. These earnings upward thrust will propel improved spending on higher first-class, amount, and diverse food merchandise. The current fashion maintains, Canada will devour greater than half in their food outside the house on the way to account for nearly 50 percentages in their household food fees. Of route, many styles of fast-food retailers are benefitting from this trend. Due to the notably inexpensive fees and brief handy provider, rapid-food shops have grown to be a 'domestic far away from home' for breakfast, lunch and dinner. As a result, extra market opportunities fast food markets are providing for marketers.Fast food intake statistics in Canada show 4 in 10 Canadians like to have their breakfast outdoor the residence when they have already began the day. 34% don’t want to cook dinner and choose the convenience of a breakfast at the cross, mainly in relation to Millennials. Most of the quick food available these days are healthy, and assist in the weight reduction with right mixtures and proportions of other foods. There has been a growth inside the demand for instant food over the past many years new product launches have permeated the Canada food enterprise.
The Canada fast food industry is in steady evolution, driven through a growing preference for on the go snacks, convenience food, and prepared-to-consume alternatives. The busy lifestyles of millennial and the rise in the number of working individuals have substantially prompted the consumption of fast food. These elements are anticipated to make a contribution to the continued enlargement of the fast food industry. Furthermore, there has been a rate uptick in patron spending on eating out in current years, partially fueled with the aid of the developing employment rates in Canada. 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. In the Canadian fast food panorama, burgers and sandwiches are poised to say their dominance in the market proportion. These traditional and liked menu items have lengthy held a special place inside the hearts (and appetites) of Canadians. Their enduring popularity stems from their comfort, versatility, and the limitless opportunities for customization. With evolving consumer tastes and alternatives, speedy food chains are innovating to provide a big selection of burger and sandwich options, catering to numerous nutritional picks and culinary traits. As those iconic selections continue to adapt, their effect on the Canadian fast food scene is set to remain unmatched, ensuring their outstanding role for years yet to come.Quick Service Restaurant segment spearheads inside the Canada rapid food market
By Service Type, Canada Fast Food Market is segmented into Quick Service Restaurant (QSR), Street Vendors, Home Delivery and Others. The Canadian fast food industry is being led by the Quick Service Restaurants phase. Renowned for his or her swiftness in serving up delicious and handy food, QSRs have come to be an essential part of the Canadian dining experience. These establishments cater to the short-paced lifestyles of purchasers, supplying a diverse range of culinary options that attract to a wide target audience. With their green provider, innovative menus, and adaptability to converting customer choices, QSRs have cemented their role as the using pressure in the Canadian fast food market. Their prominence displays the evolving tastes and needs of Canadian diners, ensuring a continued stronghold inside the enterprise.Chained Consumer Food Service segment is poised to reshape and dominate Canada's fast food scene, meeting the rising demand for short, best dining
By Structure, Canada Fast Food Market is segmented into Independent Consumer Food Service and Chained Consumer Food Service. In the Canadian rapid food enterprise, Chained Consumer Food Service is emerging because of the quickest-growing phase. This trend is driven by means of different factors, consisting of the benefit and reliability related to well-mounted chain eating places. Consumers are increasingly more attracted to recognizable manufacturers that provide steady first-class and a huge variety of menu options. Additionally, the pandemic has increased the adoption of virtual ordering and shipping offerings, a site in which chain restaurants have excelled. Their potential to adapt to converting purchaser preferences and the growing demand for more healthy and extra various food choices positions them as key gamers in the evolving panorama of the Canadian fast food industry, fueling their speedy growth.In Canada, Ontario boasts the highest quantity of fast-food institutions
By States, Canada Fast Food Market is segmented into Newfoundland and Labrador, Prince Edward Island, Nova Scotia, New Brunswick, Quebec, Ontario, Manitoba, Saskatchewan, Alberta, British Columbia, Yukon, Northwest Territories and Nunavut. Ontario holds the pinnacle role amongst Canadian provinces with the best range of speedy-food institutions. This strong presence of fast-food shops reflects the province's dynamic and various culinary panoramas, catering to a big selection of tastes and choices. With a bustling populace and a thriving food carrier industry, Ontario's rapid-food area thrives as a convenient and accessible desire for citizens and visitors. The abundance of alternatives, starting from worldwide chains to neighborhood favorites, contributes to Ontario's recognition as a hub for instant and flavorful dining studies, solidifying its main role in the Canadian Fast-Food panorama.Key Company
Starbucks Corp, Domino's Pizza Inc, The Wendys Co, Kentucky Fried Chicken (KFC), Restaurant, Brands International Inc., A&W Food Services of Canada Inc, MTY Food Group Inc, Performance, Food Group Company, Papa John's International Inc, McDonald's, Berkshire Hathaway and Yum! Brands, Inc are the prominent participant in the Canada Fast Food Industry.The report 'Canada Fast Food Market by type, (Pizza/Pasta, Burger/Sandwich, Chicken, Asian/Latin American Food, Sea-food & others) by Servicetype(Quick Service Restaurant (QSR), Street Vendors, Home Delivery and Others) by Structure (Independent Consumer Food Service and Chained Consumer Food Service), by States (Newfoundland and Labrador, Prince Edward Island, Nova Scotia, New Brunswick, Quebec, Ontario, Manitoba, Saskatchewan, Alberta, British Columbia, Yukon, Northwest Territories and Nunavut), by Company Analysis (Starbucks Corp, Domino's Pizza Inc, The Wendys Co, Kentucky Fried Chicken (KFC), Restaurant, Brands International Inc., A&W Food Services of Canada Inc, MTY Food Group Inc, Performance, Food Group Company, Papa John's International Inc, McDonald's, Berkshire Hathaway and Yum! Brands, Inc)" Provides a detailed analysis of Canada Fast Food Market.
Type - Breakup from 6 viewpoints
1. Pizza/Pasta2. Burger/Sandwich
3. Chicken
4. Asian/Latin American Food
5. Seafood
6. Others
Services Type - Breakup from 5 viewpoints
1. Quick Service Restraunt (QSR)2. Street Venders
3. Home Delivery
4. Cafés and bars
5. Other
Structure - Breakup from 5 viewpoints
1. Independent Consumer Food Service2. Chained Consumer Food Service
States - Breakup from 13 viewpoints
1. Newfoundland and Labrador2. Prince Edward Island
3. Nova Scotia
4. New Brunswick
5. Quebec
6. Ontario
7. Manitoba
8. Saskatchewan
9. Alberta
10. British Columbia
11. Yukon
12. Northwest Territories
13. Nunavut
Company Insights
- Overviews
- Recent Developments
- Revenues
Company Analysis:
1. Starbucks Corp2. Domino's Pizza Inc
3. The Wendys Co
4. Kentucky Fried Chicken (KFC)
5. Restaurant Brands International Inc.
6. A&W Food Services of Canada Inc
7. MTY Food Group Inc
8. Performance Food Group Company
9. Papa John's International Inc
10. McDonald's
11. Berkshire Hathaway
12. Yum! Brands, Inc
Table of Contents
1. Introduction2. Research& Methodology3. Executive Summary5. Canada Fast Food Market11. Cities - Canada Fast Food Chains
4. Market Dynamics
6. Share Analysis - Canada Fast Food Market
7. By Type - Canada Fast Food Market
8. By Service Type - Canada Fast Food Market
9. By Structure - Canada Fast Food Market
10. By State - Canada Fast Food Market
12. Porter’s Five Forces Analysis - Canada Fast Food Market
13. SWOT Analysis - Canada Fast Food Market
14. Key Players
List of Figures
List of Tables
Companies Mentioned
- Starbucks Corp
- Domino's Pizza Inc
- The Wendys Co
- Kentucky Fried Chicken (KFC)
- Restaurant Brands International Inc.
- A&W Food Services of Canada Inc
- MTY Food Group Inc
- Performance Food Group Company
- Papa John's International Inc
- McDonald's
- Berkshire Hathaway
- Yum! Brands, Inc
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 180 |
| Published | September 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 26.39 Billion |
| Forecasted Market Value ( USD | $ 38.03 Billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Canada |
| No. of Companies Mentioned | 12 |
