Australia - The Future of Foodservice to 2024

Australia - The Future of Foodservice to 2024

  • May 2020 •
  • 151 pages •
  • Report ID: 5082237 •
  • Format: PDF
Australia - The Future of Foodservice to 2024

Summary
"Australia - The Future of Foodservice to 2024” published by the analyst provides extensive insight and analysis of the Greecen Foodservice market over the next five years (2019-2024) and acts as a vital point of reference for operators or suppliers.

In 2019 Australia experienced a dip in its real GDP growth rate and household consumption expenditure to 1.76% and 1.23%, respectively, compared to 2018 (2.70% and 2.57%, respectively). This is attributed to the country’s sharp fall in agricultural produce. Covid-19 has caused foodservice outlets have been forced to shut, however innovations and adaptability in terms of delivery services and non-contact service could offer a prospect of damage limitation. Owing to the belief that independent outlets offer higher quality product and a desire to support local businesses (63%), the Australian foodservice sector is highly fragmented, with 75% of consumers holding a preference for independently operated outlets.

The report includes -
- 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.

Scope
- Revenue generated across the foodservice profit sector grew at a CAGR of 2.3% between 2014 and 2019, and is forecast to keep rising at a similar rate to 2024.
- QSR, FSR and pubs, clubs & bars were the top three channels in the profit sector accounting for a combined 80% share of value sales in 2019
- Coffee and Tea shops transactions represent a small share compared to other channels

Reasons to Buy
- Specific forecasts of the foodservice market over the next five years (2019-2024) 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 Australia’s foodservice market.
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