Dinner is served: Rising consumer spending will bolster industry revenue growth
Caterers in Canada Over the past five years, the Caterers industry in Canada has benefited from rising consumer spending and steady growth in the number of Canadian businesses. Moreover, improving economic conditions have encouraged many businesses to increase spending on events requiring catering, such as office parties, corporate conferences, team-building seminars and client events.
Additionally, rising per capita household income and improving consumer confidence have led to greater spending on private events such as weddings and birthdays. Over the five years to 2022, the Caterers industry is expected to continue growing due to a gradual improvement in consumer spending and rebounding corporate profit, which fell over the past five years. However, industry operators will need to meet increasing client demands, such as floral arrangement and entertainment services, by developing relationships with providers or by bringing these additional services in-house.
This industry provides food services for events such as graduation parties, wedding receptions and trade shows. Industry establishments generally have equipment and vehicles to transport meals and snacks to events and to prepare food at the event site. Caterers who own or manage permanent facilities in which they provide event-based food services are also included.
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.
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