Fast Food and Takeaway Food Services in New Zealand - Industry Market Research Report

Fast Food and Takeaway Food Services in New Zealand - Industry Market Research Report

Fast Food and Takeaway Food Services in New Zealand

The Fast Food and Takeaway Food Services industry has benefited from strong consumer demand. Rising consumer health consciousness and greater awareness regarding maintaining a healthy lifestyle are boosting demand for healthier fast food options. Rising demand for healthy fast food has largely offset declines in demand for traditional fast food. Traditional fast food retailers have responded to these trends by expanding their product ranges, while new businesses have entered to capitalise on them. Fast food operators' revenue has risen at an annualised 0.6% over the five years through 2023-24, and is expected to total $3.4 billion in 2023-24, when revenue will jump by an estimated 2.2%.

Industry firms primarily provide fast food, such as burgers, pizza, sandwiches and sushi, and takeaway food for immediate consumption. Customers order or select items and pay before eating. Food is usually provided in takeaway containers or packaging and is consumed on the premises, taken away or delivered. The industry also includes fast food sold in food halls and food courts.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.