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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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 Analysis Chapter

Consumers have exhibited an increasing appetite for restaurant eating over the five years through 2014-15, with industry revenue growing by an annualised 3.6%. Revenue growth was lower in 2014-15, rising by 2.0% to $11.7 billion. Following the global financial crisis, the industry grew strongly as consumers flocked back to restaurants in 2009-10. However, revenue growth has been volatile over the past five years, as the increasingly fashionable nature of restaurant eating has been countered by continued economic concerns. Some consumers have sacrificed or cut back on restaurant spending, preferring to eat at home or purchase cheaper takeaway options. This trend has pushed up volatility further over the past five years, particularly in the premium segment... 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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