Summary Australian economy has avoided a recession for nearly 26 years. This has aided the country’s foodservice market by maintaining high levels of consumer confidence, while also routinely boosting consumers’ real wages. This has, in turn, allowed for a greater frequency of non-essential foodservice occasions.
QSR channel experienced value growth at a CAGR of 2.4% from 2014-2016, making it the country’s largest foodservice market. This growth is expected to accelerate at a forecasted CAGR of 2.6% to 2021.
Overall, profit sector channels will see increasing average transaction prices fuel the majority of future value growth in the country’s foodservice market. Transactions will also rise, driven by Australia’s growing population.
FSR is the second largest foodservice channel in Australia, accounting for 25.3% of the total profit sector, and was valued at AUD$ 17.9 Billion in 2016. In recent years, the channel has benefited from a robust economy that has allowed FSR visits to remain an ’affordable luxury’ for consumers seeking high quality meals.
Despite Australia’s historically strong ’coffee culture’, the channel remains fairly small relative to the rest of the country’s foodservice profit sector. In 2016, the coffee and tea shop channel accounted for just 4.6% of the total profit sector revenue. Channel value growth is expected to accelerate in future, at a forecast CAGR of 2.5% between 2016 and 2021.
The report "Australia - The Future of Foodservice to 2021", provides extensive insight and analysis of the Australian Foodservice market over the next five years (2016-2021) and acts as a vital point of reference for operators or suppliers.
In particular, this report provides the following - - Overview of Australia’s macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on Australia’s foodservice market including GDP per capita, consumer price index, population growth and annual household income distribution. - Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR, Coffee & Tea Shops, Pubs, Clubs and Bars) within Australia’s foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price. - Customer segmentation: identify the most important demographic groups, buying habits and motivations that drive out-of-home meal occasions among segments of the Australian population. - Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets. - Case Studies: Learn from examples of recent successes and failures within the Australian foodservice market.
Companies mentioned in this report: Caffe Primo, Domino’s Pizza, Donut King, Foodco Group, Gloria Jean’s, Grill’d, Guzman y Gomez, Hogs Breath Café, Hudson’s Coffee, Hungry Jack’s, Jamaica Blue, Keystone Group, KFC, La Porchetta, McDonald’s, Merivale Group, Minor International, MoVida, Muffin Break, Nando’s, Pizza Hut, Red Rooster, Retail Food Group, Starbucks, Subway, Sumo Salad, Sushi Train, The Coffee Club, The Corner.
Scope - A trend of “widespread individualism” among consumers has seen operators across all channel cater to particular dietary needs and desires (high protein, low GI, gluten free). - Australia’s robust economy has created a large segment of affluent consumers, fuelling value growth of the FSR channel which is forecast to grow at a CAGR of 2.8% over the next five years. This has also had a knock-on effect on other foodservice channels, with operators seeking to premiumize their offerings. - The experimental attitudes of consumers has made the Australian market into a test-bed for various new foodservice products and concepts, especially within the QSR channel.
Reasons to buy - 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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