Australia Foodservice Market to 2028

Australia Foodservice Market to 2028

Summary

“Australia - The Future of Foodservice to 2028” published by GlobalData provides extensive insight and analysis of the Australian Foodservice market over the next five years (2023-28) and acts as a vital point of reference for operators or suppliers.

Australia recorded annual nominal GDP per capita growth of 8.4% in 2023, a decline from 9.7% in 20221. The slowdown was due to the high cost of living and a rise in interest rates. The Australian profit sector’s total revenue reached AUD97.8 billion ($67.7 billion) in 2023, showing healthy growth with a CAGR of 5.7% from 2018 to 2023. The QSR channel registered the highest increase of 9.1%, followed by the FSR channel. During 2023-28, the Australian profit sector will register a CAGR of 4.5%. The number of transactions will record a CAGR of 1.7%, while the number of outlets will generate a CAGR of 0.5%.

The report includes -

• Overview of Australia's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the Australian 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 shop, and pub, club & bar) within the Australian 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.

Scope

Australia recorded annual nominal GDP per capita growth of 8.4% in 2023, a decline from 9.7% in 2022. QSR was the largest channel in Australia’s foodservice profit sector in 2023, with a share of 42.6%. The channel’s sales generated a CAGR of 9.1% during 2018-23, rising from AUD26.9 billion ($20 billion) in 2018 to AUD41.6 billion ($28.8 billion) in 2023. Valued at AUD25.1 billion ($17.3 billion) in 2023, FSR was the second-largest channel in the Australian foodservice profit sector. The channel accounted for a 25.6% share of total profit sector value sales in 2023. The Australian coffee & tea shop channel valued AUD4.3 billion ($2.9 billion) in 2023. The channel’s sales generated a CAGR of 4.6% during 2018-23. The pub, club & bar channel in Australia was valued at AUD15.8 billion ($11 billion) in 2023. The channel recorded a CAGR of 2.3% from 2018 to 2023.

Reasons to Buy

• Specific forecasts of the foodservice market over the next five years (2023-28) 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 shop, and pub, club & bar) will allow readers understand the wants and needs of their target demographics.