Fast Food Restaurants in Canada - Industry Market Research Report

Fast Food Restaurants in Canada - Industry Market Research Report

  • March 2020 •
  • 36 pages •
  • Report ID: 4564537 •
  • Format: PDF
On the go: Low levels of consumer confidence will likely suppress demand for industry products

Abstract

Fast Food Restaurants in Canada
The Fast Food Restaurants industry in Canada has expanded over the five years to 2019, despite mounting internal competition and changing consumer tastes. Since 2014, higher consumer spending and product innovation by fast food restaurants have renewed consumer interest in fast food. Products with higher profit margins, such as coffee, smoothies and salads, have become more prominent at traditional fast food restaurants. Furthermore, meal customization and high-quality ingredients have become increasingly popular in recent years. Over the past five years, consumer eating habits have changed as people have become increasingly health conscious, demanding alternatives to traditional fast food options. In response, major chains have expanded their menus to include healthier options such as salads, fruit and smoothies. The industry is projected to continue expanding over the five years to 2024, though at a relatively modest pace.

The industry comprises restaurants where patrons pay for quick service food products before eating. Purchases may be consumed on-site, taken out or delivered. Gross revenue is derived from both franchised and company-owned stores. Franchise fees are not accounted for in total industry revenue. This industry specifically excludes coffee and snack shops. Most of the industry’s establishments also sell beverages, such as water, juice and sodas, but usually not alcohol.

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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