Forecast: Employees in Food Services and Beverage Services Sector in Canada

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.

Top Countries about Hotel Food And Beverage