Food Service Contractors in Canada - Industry Market Research Report

On a platter: A rising consumer price index for food will likely enable operators to generate more revenue

Over the past five years, the Food Service Contractors industry in Canada, which provides food services at institutional, governmental, commercial or industrial locations, has benefited from the increased propensity of businesses and institutions to outsource various food services. Seeking to both reduce operating costs and deliver a high level of satisfaction to students, faculty, patients, employees and sports fans, specialist contractors are employed to provide food services. During the period, the industry also benefited from renewed consumer spending on discretionary items, such as tickets to sporting and music events and concerts. However, the spread of the coronavirus caused the temporary closure of many downstream schools, businesses and events, which ultimately caused a downturn in industry performance. As a result, industry revenue is estimated to have decreased at a CAGR of 9.5% to $3.5 billion over the five years to 2023, including an increase of 2.0% in 2023 alone. Operators in the Food Service Contractors industry in Canada provide food services at institutional, governmental, commercial or industrial locations. Examples of facilities where food services are provided include airports, food courts, college and university cafeterias and recreation and sports venues. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.