Industry Analysis & Industry Trends
Consumer health awareness has transformed the Fast Food Services industry over the past five years. While revenue is forecast to rise by just 0.7% annualised over the five years through 2014-15, this weak growth is largely due to poor performance in 2010-11 and 2011-12. Industry demand has been affected by increased consumer awareness about the nutritional content of fast food and a conscious effort by consumers to choose healthier options. Industry operators have responded with the introduction of a range of healthier, premium choices with less fat, sugar and salt. This change in consumer preferences has also led to an influx of new operators offering higher quality fast-food options. Industry revenue is forecast to post solid growth over 2014-15, rising by 2.7% to total $14.2 billion... purchase to read more
Industry Report - Industry Locations Chapter
The spread of industry enterprises is highly related to the distribution of population throughout Australia. The high relative populations, coupled with high population densities, support the dominance of fast-food operators in the eastern states. The number of establishments operating in the Northern Territory and the Australian Capital Territory is considerably lower, supported by the more dispersed population of these states. This is particularly relevant to the industry as convenience is a key factor in demand. Consumers are unlikely to travel large distances to operators as this offsets any convenience advantages.
Industry establishment numbers have grown over the past five years due to an increase in store networks and franchised sites... purchase to read more