Restaurants in Australia - Industry Market Research Report

Restaurants in Australia - Industry Market Research Report

Restaurants in Australia

Changing social trends have influenced the Restaurants industry's performance significantly. Consumers' busy lifestyles and high workloads have bolstered demand for restaurant meals and takeaway. Restaurants allow consumers to combine dining with leisure and avoid spending time on food preparation. Increasing demand for food delivery platforms like Uber Eats has also supported industry revenue, allowing time-poor consumers to purchase home-delivered restaurant-quality food. The COVID-19 pandemic severely affected industry operations, limiting restaurants to takeaway services during lockdown periods. However, easing restrictions have boosted demand for dining out, driving dine-in revenue. Overall, industry revenue has grown at an annualised 0.3% over the past five years and is expected to total $15.7 billion in 2022-23, when revenue will jump by an anticipated 2.6%. Industry profit margins have also fallen because of lower customer volumes and mounting fixed costs.

Restaurants mainly provide food and beverages for consumption on the premises. The industry includes licensed, unlicensed and BYO restaurants. The industry excludes cafes and coffee shops, theatre restaurants, catering services and shops that primarily offer takeaway food services.

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."