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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 | Jun 2014

Big appetites: Social trends and a strong economy will keep revenue growing

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
$11bn
Annual Growth 09-14
5.6%
Annual Growth 14-19
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Profit
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Employment
68,842
Businesses
8,360
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 posted annualised growth of 5.6% over the five years through 2013-14. Performance was solid in 2013-14, with the industry growing by 3.1% to total $11.4 billion. This strong growth, although somewhat due to a bounce after losses during the global financial crisis, can also be attributed to changing social trends. Busier lifestyles, longer hours at work and an increasing squeeze on leisure time have led more and more consumers to turn to restaurants as a solution. Restaurants have allowed consumers to combine mealtime with leisure and avoid the time involved in 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 3.6% over the 10 years through 2018-19. While this outperforms Australian GDP, which is forecast to rise by 2.6% over the same period, this can be largely attributed to a low base of growth caused by the global financial crisis. 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?

This industry includes restaurants that serve food and beverages on the premises, such as 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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