The Canadian food services industry is expected to experience modest growth from 2024 to 2028, with the number of establishments gradually increasing each year. The base year of 2023 recorded approximately 91.2 thousand establishments. Forecasts project an average annual growth rate (CAGR) of approximately 1.19% over the next five years. The year-on-year growth rate is projected to remain steady, averaging just over 1% annually as the number of establishments rises from 92.32 thousand in 2024 to 96.76 thousand by 2028.

Future trends to watch for include:

Increased demand for takeaway and delivery services driven by consumer convenience.
Rising interest in sustainable and locally sourced food impacting menu offerings.
Technological advancements in food ordering and delivery shaping the landscape.
Potential policy changes affecting labor costs and operational regulations.