In 2023, the food services and beverage services sector in Canada accounted for 1.04 million employees. Forecasts for 2024 project the number of employees to reach 1.05 million, marking a year-on-year increase of approximately 0.96%. The upward trend continues into 2025 with a slight rise to 1.06 million employees, reflecting a 0.95% increase from the previous year. For the years 2026 and 2027, the forecast remains at 1.06 million and then rises to 1.07 million employees respectively, both showcasing minor annual growth rates of around 0.94%. By 2028, the sector maintains its gradual growth, stable at 1.07 million.
Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) calculates to a modest and steady 0.95% per year. This indicates a consistent, albeit slow, increase in employment within the sector.
Trends to watch for include potential impacts of technological advancements on labor demand and shifts in consumer behavior post-pandemic, influencing operational needs and staffing requirements in the sector.