In 2023, household expenditure on restaurant breakfasts in Canada stood at a certain baseline. Moving into 2024, the forecasted expenditure is projected to rise consistently, reaching CAD 226.88 by 2028. Between 2024 and 2025, we observe a year-on-year growth of approximately 1.3%, with a similar trend continuing into 2026 and 2027. The compound annual growth rate (CAGR) from 2024 to 2028 suggests a steady annual increase of about 1.2% over five years.
Future trends to watch for include:
- The impact of rising food costs on breakfast pricing in restaurants.
- Shifts in consumer preferences toward healthier breakfast options.
- The potential influence of economic conditions on dining-out frequency.
- The role of technology in creating personalized breakfast experiences.
