The Food Services and Beverage Services sector in Canada experienced robust growth from 2013 to 2019, with the number of employees peaking at 1,180,000 jobs in 2019. The sector suffered a significant setback in 2020 due to the COVID-19 pandemic, resulting in a 29.83% year-on-year decrease in employment. Recovery began in 2021, with a notable 12.75% increase, followed by a 16.67% increase in 2022. In 2023, employment saw a slight decline of 4.3%, putting the number of jobs at 1,040,000. The forecast from 2024 to 2028 indicates a moderate growth trend, with the sector stabilizing and experiencing a CAGR of 0.46% over this period.
Future trends to watch for include:
- Adaptation to new consumer behaviors post-pandemic, such as increased demand for online food services and delivery.
- The impact of technological advancements on job roles and efficiency within the sector.
- Possible regulatory changes and their implications on the labor market.