Forecast: Limited-Service Eating Places Revenue in Canada

Between 2013 and 2023, Canada's Limited-Service Eating Places revenue exhibited steady growth, reaching CAD 35.58 billion in 2023. The sector experienced notable fluctuations, particularly a downturn in 2020 due to the pandemic, followed by a strong rebound in 2021. The CAGR from 2018 to 2023 stood at approximately 2.12%, reflecting a modest but consistent growth trajectory.

Future projections from 2024 to 2028 forecast a continued upward trend with an estimated 2.07% CAGR, culminating in CAD 40.55 billion by 2028. This represents a cumulative growth rate of approximately 10.81% over the forecast period.

Future trends to watch for:

• Digital and mobile ordering innovations driving convenience.
• Increased focus on health-conscious and sustainable menu options.
• Expansion of delivery and takeout services as consumer habits shift.
• Impact of economic conditions on disposable income and dining behaviors.