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Restaurants in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Restaurants Market Research Report | ANZSIC H4511a | Aug 2014

Continued growth: Consumer trends and a thriving food culture will drive industry revenue

IBISWorld’s Restaurants market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$12bn
Annual Growth 10-15
3.6%
Annual Growth 15-20
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Profit
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Employment
68,415
Businesses
8,550
Industry Analysis & Industry Trends

Changing social trends have fuelled a recovery of the Restaurants industry over the past five years. Bouncing back from a low point during the global financial downturn, the industry has posted annualised growth of 3.6% over the five years through 2014-15. The industry is expected to grow further by 2.0% during 2014-15 to total $11.7 billion. The strong growth over the past five years can also be attributed to changing social trends. Busier lifestyles, longer hours at work and an increasing squeeze on leisure time have increasingly led consumers to turn to restaurants as a solution. Restaurants have allowed consumers to combine dining with leisure and avoid spending time on food preparation... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

Australia's Restaurants industry is in the mature phase of its life cycle. Industry value added, which measures the industry's contribution to GDP, is forecast to record annualised growth of 2.5% over the 10 years through 2019-20. This represents a mild underperformance of Australian GDP, which is forecast to rise by 2.7% over the same period. The industry has achieved full acceptance, with many locations saturated. Restaurants are increasingly competing for prime operating sites and customer numbers. This fierce competition is also represented through price, forcing restaurants to forgo profit margins and leading to many entries and exits from the industry... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Restaurants Industry?

Establishments in this industry serve food and beverages on the premises, and include licensed restaurants, BYO restaurants, licensed and BYO restaurants, and unlicensed restaurants. The industry excludes takeaway food services, restaurant and catering services, and theatre restaurants.

Industry Products
Premium diningMiddle-range diningLow-cost dining
 
Industry Activities
BYO restaurant operationLicensed restaurant operationBYO and licensed restaurant operationUnlicensed restaurant operation


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