Australia Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026

Australia Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026

Summary

“Australia Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026” published by GlobalData provides extensive insight and analysis of the Australian Foodservice market over the next five years (2021-2026) and acts as a vital point of reference for operators or suppliers.

The Australian foodservice profit sector decreased at a negative CAGR of 0.5% during 2016-2021. Many restaurants operated under restrictions or were closed, leading to a drop in dine-in occasions in the sector. Home deliveries and take-aways were permitted during periods of lockdown, although dine-in services were prohibited. However, the profit sector is expected to register strong growth during 2021-2026, as consumers shift back to their pre-pandemic lifestyles and return to cafés and restaurants to socialize and indulge in enjoyable experiences

The report includes-

• 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 Shop, and Pub, Club & Bar) 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.

• QSR was the largest channel in the Australian foodservice profit sector by revenue, representing 40.8% of total sector revenue in 2021. FSR was the second most prominent channel, with a market share of 25.8%. QSR’s large market share can be attributed to the convenience, value for money, and safe delivery it offers. QSR operators adapted to new strategies and offered a wide range of food with convenient delivery, take-away, and drive-thru options.
• The QSR channel led in terms of number of outlets in the country and grew at a CAGR of 0.1% during 2016-2021. Meanwhile, the total number of outlets in the FSR and pub, club & bar channels registered modest decline in CAGRs, during this period.
• Delivery and take-away transactions surged in 2020 and 2021 owing to the operational restrictions on restaurants and shuttering of other on-premise channels amid the pandemic. QSR channel highlighted highest proportion of take-away transactions in 2021.

• Specific forecasts of the foodservice market over the next five years (2021-2026) 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.