As of 2023, the household expenditure on restaurant lunches in Canada stood at 950 Canadian Dollars. From 2024 to 2028, forecasts indicate a positive upward trend with the expenditure expected to rise gradually each year. Specifically, the increase from 2024 to 2025 is approximately 1.67%, while from 2025 to 2026 it is 1.42%. The year 2027 sees a projected increase of 2%, with 2028 anticipated to see a smaller increase of about 0.98%. Over the five-year period, the compound annual growth rate (CAGR) is approximately 1.53%, indicating steady growth in expenditure on restaurant lunches.
Future trends to watch for include the impact of potential economic shifts on disposable income and dining habits, technological advancements in the dining industry such as online ordering and delivery services, and evolving consumer preferences towards dining experiences that may affect spending patterns.
