Industry Analysis & Industry Trends
The Fast Food Services industry has undergone a health kick over the five years through 2013-14, with revenue expected to grow an annualised 3.0%. The shift towards healthy eating has been driven by a rapid increase in consumer awareness about the nutritional content of fast food and a conscious effort by consumers to eat a balanced diet. Operators responded by reviewing their product range, implementing a number of changes to cut the salt, sugar and fat content of fast-food meals. Changes in consumer demand also led to an influx of new operators offering healthier fast-food options. Industry revenue is forecast to post steady growth over 2012-13, rising by 2.8% to $15.3 billion.
Demand for fast food has been supported by growth in disposable incomes over the past five years... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry is characterised by a medium level of market share concentration. The top four players account for just over 40.0% of the market. Based on Counts of Australian Businesses, including Entries and Exits, June 2008 to June 2012 (ABS, cat. no. 8165.0), IBISWorld estimates that over 30% of industry players are small sized operators that do not employ staff. Almost 60.0% of operators have between 1 to 19 employees, with the remaining players operating with a staff of 20 employees. While barriers to entry and capital requirements for new operators are low, strong competition and a mature life cycle status hinders new players from entering the industry and gaining market share... purchase to read more