Australia Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players and Forecast to 2027

Australia Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players and Forecast to 2027

Summary

“Australia Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players and Forecast to 2027” published by GlobalData provides extensive insight and analysis of the Indian Foodservice market over the next five years (2022-27) and acts as a vital point of reference for operators or suppliers.

The overall value of Australia’s foodservice profit sector grew at a CAGR of 3.7% during 2017-22, reaching AUD86.6 billion ($60 billion) in 2022. This growth was due to a substantial increase in the number of transactions in 2022. Take-aways and deliveries played a crucial role in the foodservice sector due to convenience and digital and technological advancements. Independent operators dominate the profit sector. However, chain operators fared better than independent operators during the pandemic owing to quick adaptation to changing consumer demands. Australia’s profit sector is forecast to record growth at a CAGR of 4.8% during 2022-27.

The report includes -

Overview of Australia’s macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on India'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. Also covers the cost sector overalls and its associated channels which include, education, welfare & services, military and healthcare

Customer segmentation: Identify the most important demographic groups, buying habits and motivations that drive out-of-home meal occasions among segments of the Indian population.

Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.

Scope

• QSR was the largest channel in the Australian foodservice profit sector in 2022 accounting for a share of 42.2% of the sector’s value. The channel generated value sales of AUD36.6 billion ($25.3 billion) in 2022, increasing from AUD26.2 billion ($20.1 billion) in 2017, registering a CAGR of 6.9%.
• FSR was the second-largest channel in Australian foodservice profit sector in 2022, generating sales of AUD22.2 billion ($15.4 billion). FSR recorded a CAGR growth of 4% during 2017-22. The number of outlets decreased at a negative CAGR of 0.2%. Meanwhile, the number of transactions increased at a CAGR of 2% during 2017-22, as tourism increased, and more consumers opted to eat out of their homes.
• The coffee & tea shop channel accounted for 4.3% of the profit sector’s sales in 2022. The channel was valued at AUD3.7 billion ($2.6 billion) in 2022 and registered growth at a CAGR of 2.4% during 2017-22. The channel is projected to grow at a CAGR of 4.9% during 2022-27, primarily led by rising transaction count and average transaction value.
• Pub, club & bar was the third-largest channel in the Australian foodservice profit sector in 2022, accounting for 16.7% of the profit sector’s sales in 2022. The channel’s value reached AUD14.4 billion ($10 billion) in 2022, after having registered a CAGR of 0.8% during 2017-22.

Reasons to Buy

• Specific forecasts of the foodservice market over the next five years (2022-27) 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.