What is the Pizza Restaurants and Takeaway industry?
Over the past five years, the Pizza Restaurants and Takeaway industry has been supported by rising demand for premium pizzas and growth in discretionary incomes. However, competition from healthier fast-food products and innovation in frozen supermarket goods pose ongoing threats to the industry's growth prospects. Intense competition among operators has also constrained revenue growth, forcing traditional pizza shops to compete on price. While this trend has affected industry profit margins to a degree, the rising prominence of gourmet pizzas, which attract higher pricepoints, has increased profitability over the past five years. Industry revenue is expected to grow by an annualised 2.8% over the five years through 2016-17, to $3.7 billion... purchase to read more