Australia’s Food and Beverages service sector is expected to reach the value of AUD$80.8 billion at CAGR of 2.6% during the period 2016- 2021. Increasing disposable income in the economy of the urbanized area has made foodservice market an attractive proposition for new operators. Having not experienced a recession in over 25 years, consumer confidence is markedly robust, with consumers both able and willing to spend on non-essential food offerings.
Within the profit sector, quick service restaurants (QSR) was the largest channel with AUD$25.8bn value and 36.4% of sales in 2016, followed by full-service restaurants (FSR) with AUD$17.9bn value, ‘pubs, clubs and bars’ with AUD$13.5bn value and coffee and tea shops with AUD$3.3bn.
It is vital for QSR operators to remember that visits to the channel remain predominately driven by the convenience offered. Established brands should not risk dramatically changing their brand message and alienating their core audience in order to chase the latest food fads.
Australia’s strong economy has made foodservice market an attractive proposition for new operators. Having not experienced a recession in over 25 years, consumer confidence is markedly robust, with consumers both able and willing to spend on non-essential food offerings. This has placed pressure on traditional QSR operators, like McDonald’s and Hungry Jacks to, in turn, improve their food offerings. A consumer survey found that 13% of Australians share a picture of the food/drinks they eat/drink weekly.
These consumers, often young, are expected to ‘lead’ opinion shifts within their friendship groups, potentially benefiting the foodservice operators. Modern consumers are displaying more complex and personal desires when it comes to food. Their consciousness of health in food is higher and they seek greater control over what they choose to eat.
Contents of the Report
- Table of Contents
- Introduction
- Report Guide
- Executive Summary
- Macroeconomic Context
- GDP and Consumer Price Index
- Population and demographic highlights
- Annual household income distribution
- Introducing the Consumer Segments
- Consumer segment profiles and key identification metrics
- Segment engagement overview in four key profit sector channels
- Profit Sector Metrics
- Key metric highlights
- Value share and growth by channel
- Outlets and transactions growth by channel
- Operator buying volumes and growth by channel
- Channel historic and future growth dynamics
- Outlet type and type of ownership growth dynamics
- Profit Sector by Channel
- Quick Service Restaurants (QSR)
- Summary and key take-out
- Metrics
- Key players
- Key consumers
- Why?
- What?
- Where?
- What next?
- Full Service Restaurants (FSR)
- Summary and key take-out
- Metrics
- Key players
- Key consumers
- Why?
- What?
- Where?
- What next?
- Coffee and Tea Shops
- Summary and key take-out
- Metrics
- Key players
- Key consumers
- Why?
- What?
- Where?
- What next?
- Pubs, Clubs and Bars
- Summary and key take-out
- Metrics
- Key Players
- Key consumers
- Why?
- What?
- Where?
- What next?
- Cost Sector Metrics
- Cost operator trends – historic and future growth
- Data and channel share breakdown
- Education
- Metrics – growth dynamics and drivers
- Tenders tracker
- What next?
- Healthcare
- Metrics – growth dynamics and drivers
- Tenders tracker
- What next?
- Military and Civil Defense
- Metrics – growth dynamics and drivers
- Tenders tracker
- What next?
- Welfare and Services
- Metrics – growth dynamics and drivers
- Tenders tracker
- What next?
- Appendix
Key benefits of buying this profile include:
- Specific forecasts of the Australian foodservice market over the next five years (2016-2021) will give readers the ability to make informed business decisions through identifying emerging/declining markets.
- Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR, Coffee & Tea shops, Pubs, Clubs and Bars) will allow readers understand the wants and needs of their target demographics.
- Relevant case studies will allow readers to learn from and apply lessons discovered by emerging and major players within the Australian foodservice market.
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