Market Research Report
Australian Foodservice Market - Segmented by Type (Full Service Restaurants, Quick Service Restaurants, Cafes/Bars, 100% Home Delivery), Structure (Chained, Independent Outlet) and Sector - Growth, Trends and Forecast (2018 - 2023)
|Published by||Mordor Intelligence LLP||Product code||704807|
|Published||Content info||80 Pages
Delivery time: 2-3 business days
|Australian Foodservice Market - Segmented by Type (Full Service Restaurants, Quick Service Restaurants, Cafes/Bars, 100% Home Delivery), Structure (Chained, Independent Outlet) and Sector - Growth, Trends and Forecast (2018 - 2023)|
|Published: July 20, 2018||Content info: 80 Pages||
Opportunities in the Australian Foodservice Market are wide ranging with increase in number of people eating away from home and increased interest in specialty niche products in the market. Current trends also include a growing concern with obesity and other health issues. This has created opportunities for products that can deliver fresh, healthy, natural snacks and meal solutions.
The Australian Foodservice Market records a revenue of USD 57 billion in 2017 and is expected to record a CAGR of 5.1% during the forecast period (2018 - 2023).
High Propensity of Eating Out
In the last two decades, Australians have made eating out a way of life. Nearly two thirds of the population over the age of fourteen eat out at least once a month. There are just over 24 million Australians, and they eat out an average of two to three times a week, that is more than 50 million meals out each week, or 2.5 billion in a year. Even in the uncertain economic conditions, the population recorded a high rate of dine out. This led to the growth of many independent foodservice restaurants for both Australian and other cuisines. With high socialization, the number of commercial foodservice restaurants in Australia grew at a rate of 3.5% from 2016 to 2017. Hence, Australians are trading down to more casual dining eating out experiences.
Casual Dine-Out to Dominate the Australian Foodservice Market
With the growing need to offer customers a different eating out experience and provide healthy food, the players in the Australian Foodservice Market are trying signature dishes in variety cuisines in-order to differentiate them among the other players. The most popular cuisine among Australia consumers is Italian (excluding pizza), seafood, Chinese, Thai, Indian, Vietnamese, Japanese, Korean, and Mexican. In 2016, McDonalds, KFC, and other American style such as BBQ, burgers, and steak house faced a decline in sales in Australian Foodservice Market, whereas, healthy eating grew at a rate of 14.1% from 2016 to 2017. By Type, cafes/bars/pubs saw a steadily growth in popularity over the past three years. Melbourne is the coffee capital of Australia.
Independent Restaurants in Australia have a strong foothold by number of restaurants in 2017. However, chained operators showed steady positive growth over the review period and are expected to continue to grow year on year during the forecast period.
Australian Foodservice Market Key Developments:
March 2018 - McDonald's have launched a new, world-first Wagyu Beef Burger, featuring 100% Australian-bred Wagyu beef.
May 2015 - Doughnut maker Krispy Kreme have launched a "Grilled" doughnut range in Australia. The range consists of two new flavors, the Krispy Slider and Glazed Dog.
Australian Foodservice Market Competitive Landscape
McDonald's Australia, through both company-owned and franchised outlets, maintained its leading position in terms of value share in 2017. The market is highly fragmented with the presence of many local and independent restaurants in Australia. With the increase in health food consumption, players in the market strategically developing new products with functional benefits.
Australian Foodservice Market Major Players - McDonald's Corp., Starbucks Corp., Subway, Dunkin Brands, Dominos Pizza, Yum! Brands, Hungry Jacks Pvt Ltd., Pizza Hut, Burger Fuel, Bucking Bull, Krispy Kreme, and Nando's among others.
Reasons to Purchase Australian Foodservice Market Report
Analyzing outlook of the market with the recent trends and Porter's five forces analysis
Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
Country level analysis integrating the demand and supply forces that are influencing the growth of the market
Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major market players
3 months analyst support along with the Market Estimate sheet in excel.
Customization of Australian Foodservice Market Report
Number of Outlets
Market Entry Analysis
Macro-Economic Factors affecting Food Service
Ease of Doing Business
Regulatory Framework and Guidelines
Mode of Operating Restaurant
How to Register a Company (Flow Chart)