Industry Analysis & Industry Trends
The Cafes and Coffee Shops industry has grown over the past five years, owing much of its success to Australia's love for quality coffee and vibrant coffee culture. This love for coffee supported industry demand in the years following the global economic downturn and has fuelled revenue growth over the past five years. Industry revenue is expected to grow by an annualised 3.2% over the five years through 2014-15. This includes a forecast increase of 2.4% in 2014-15, to $4.3 billion. However, pressure on margins has pushed profitability down slightly over the past five years.
Australia's coffee culture and the growing number of small speciality cafes and coffee shops have resulted in a high level of competition, low barriers to entry and low industry concentration... purchase to read more
Industry Report - Industry Products Chapter
Over the past five years, cafes and coffee shops have grown in both number and diversity. The industry has moved further into restaurant territory, going beyond standard hot drinks and cafe snacks to provide more gourmet meals. The industry has also diversified its offering of food as many artisan bakers have opened cafes. Industry products can be broadly segmented into coffee, other beverages and food.
Coffee is the largest segment in the industry and has increased as a share of revenue over the past five years. The majority of customers visit cafes or coffee shops to purchase coffee, particularly outside lunch hours. Niche and independent coffee houses tend to differentiate themselves based on the quality of their coffee... purchase to read more