Industry Analysis & Industry Trends
A dramatic health kick has transformed the Fast Food Services industry over the past five years. While revenue is forecast to rise by an annualised 0.7% 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 $15.6 billion... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Fast Food Services industry is currently in the mature phase of its life cycle. Industry value added is forecast to post annualised growth of 1.2% in the 10 years through 2019-20, compared with an annualised rise in Australian GDP of 2.7%. This represents an underperformance of the wider economy over the 10-year period. Despite demand for healthier fast-food options, this overall underperformance has been driven by weaker revenue growth and strong competition from external and internal sources.
Industry establishment numbers are forecast to grow over the 10 years through 2019-20... purchase to read more