Australia – The Future of Foodservice to 2020

2016-12-30
Price :
Published : Dec-2016
No. of Pages : 171

Australia – The Future of Foodservice to 2020

Summary

Australia’s economy has been notably consistent, having avoided a recession for almost 25 years. This has aided the countries’ foodservice market through maintaining high levels of consumer confidence while also routinely boosting consumer’s real wages, allowing for more non-essential foodservice occasions. While unemployment reached a three year low of 5.6% in September 2016, the quality of these new jobs has been scrutinised, with most tending to be part-time rather than full-time. As such, GDP per capita has fallen over recent years. Between 2009 and 2010, GDP per capita growth reached 6.2%. However this has since fallen to 0.2% between 2014 and 2015, raising discussion of ‘underemployment’.

QSR channel has experienced moderate value growth from 2013-2015. A CAGR of 2.2% has left the channel valued at AUD$25.2 Billion in 2015, the largest within the Australian foodservice market. This value growth is expected to accelerate at a forecasted CAGR of 2.6% to 2020. Australian QSR market has been utilized as a ‘laboratory’ for chain and independent operators alike.

FSR is the second largest foodservice channel in Australia, accounting for 25.3% of the total profit sector and is valued at AUD$17.5 Billion in 2015. In recent years, the channel has benefited from a robust economy that has allowed the FSR channel to remain an “affordable luxury” for consumers seeking high quality meals.

Australia’s foodservice market, the channel is deeply fragmented. Independent operators are forecast to remain dominant over chains as they continue to benefit from consumer desires to support local businesses and a belief that they provide a higher quality end product. Despite Australia’s historically strong “coffee culture”, the channel remains fairly small in comparison to the rest of the country’s foodservice profit sector. In 2015, coffee and tea shops represented 4.6% of the total profit sector and was valued at AUD$3.2 Billion. Channel value growth is expected to accelerate in future, with a forecast CAGR of 2.4% between 2015 and 2020.

The report “Australia – The Future of Foodservice to 2020” provides extensive insight and analysis of the Australian Foodservice market over the next five years (2015-2020) and acts as a vital point of reference for operators or suppliers.

In particular, this report provides the following –
– 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 Shops, Pubs, Clubs and Bars) 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.
– Case Studies: Learn from examples of recent successes and failures within the Australian foodservice market.

Companies mentioned in this report: Caffe Primo, Domino’s Pizza, Donut King, Foodco Group, Gloria Jean’s, Grill’d, Guzman y Gomez, Hogs Breath Café, Hudson’s Coffee, Hungry Jack’s, Jamaica Blue, Keystone Group, KFC, La Porchetta, McDonald’s, Merivale Group, Minor International, MoVida, Muffin Break, Nando’s, Pizza Hut, Red Rooster, Retail Food Group, Starbucks, Subway, Sumo Salad, Sushi Train, The Coffee Club, The Corner.

Scope

– A trend of “widespread individualism” among consumers has seen operators across all channel cater to particular dietary needs and desires (high protein, low GI, gluten free).
– Australia’s robust economy has created a large segment of affluent consumers, fuelling value growth of the FSR channel which is forecast to grow at a CAGR of 2.7% over the next five years. This has also had a knock-on effect on other foodservice channels, with operators seeking to premiumize their offerings.
– The experimental attitudes of consumers has made the Australian market into a test-bed for various new foodservice products and concepts, especially within the QSR channel.

Reasons to buy

– Specific forecasts of the Australian foodservice market over the next five years (2015-2020) 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 shops, Pubs, Clubs and Bars) will allow readers understand the wants and needs of their target demographics.
– Relevant case studies will allow readers to learn from and apply lessons discovered by emerging and major players within the Australian foodservice market.

Filed in: Food & Beverage, Food Service
Publisher : GlobalData
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