Industry Analysis & Industry Trends
Changing social trends have fuelled a recovery of the Restaurants industry over the past five years, helping it to bounce back from a low point during the global financial downturn. The industry is expected to post annualised growth of 3.6% over the five years through 2014-15, including a rise of 2.0% during the current year, to total $11.7 billion. Busier lifestyles and the diminishing availability of 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.
Consumer demand for quality food and fine dining experiences has fuelled industry revenue growth over the past five years... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Restaurants industry is characterised by a low level of market share concentration. The industry is highly fragmented, with a large number of single establishments and owner-operated restaurants. IBISWorld expects that the industry's four largest players account for less than 5.0% of revenue, and this is not expected to change over the next five years. The industry is comprised mainly of small businesses, with the majority employing fewer than 20 people. Very few businesses in the industry employ more than 100 people, with the majority of those that do located in New South Wales and Victoria. Some renowned chefs have successfully built a larger portfolio of restaurants. These establishments benefit from their association with the chef... purchase to read more