The number of self-employed people in the food and beverage services sector in Canada is forecasted to decline from 31.66 thousand in 2024 to 30.94 thousand in 2028. In 2023, the number stood at 31.89 thousand. From 2023 to 2024, the sector experienced a 0.72% decrease, followed by a continued decline over the subsequent years. The compound annual growth rate (CAGR) for the period 2024 to 2028 is approximately -0.57%. These figures suggest a gradual and steady decline in self-employment within this sector.
Future trends to consider include technological advancements and automation impacting roles within the sector, alongside potential economic shifts or policy changes that could further influence self-employment dynamics. Additionally, consumer behavior trends towards convenience and digital solutions may also affect the demand for traditional food and beverage services.
