Industry Analysis & Industry Trends
The Cafes and Coffee Shops industry has grown strongly over the past five years, owing much of its success to Australia's love of quality coffee and vibrant coffee culture. Industry revenue is expected to grow by an annualised 7.2% over the five years through 2016-17, boosted by a large spike in 2013-14 caused by rising consumer sentiment and growing incomes. Industry revenue is expected to increase by 6.9% in 2016-17, to total $5.5 billion. Despite this strong performance, competitive pressures have pushed profitability down slightly over the past five years.
Australia's coffee culture and the growing number of speciality cafes and coffee shops have resulted in high industry competition, low barriers to entry and low industry concentration... purchase to read more
Industry Report - Industry Analysis Chapter
Australia's robust coffee culture has driven the success of the Cafes and Coffee Shops industry. Industry players have benefited from Australia's love of quality coffee, which has supported the industry's growth over the past five years. Industry revenue is expected to grow by an annualised 7.2% over the five years through 2016-17. This growth is largely a result of a 12.3% increase in 2013-14, which was driven by a significant rise in consumer expenditure at cafes, coffee shops and restaurants for the year. Revenue is forecast to rise by 6.9% during 2016-17, to total $5.5 billion.
Resilient consumer demand for quality and convenient food and drinks has fuelled the industry's success... purchase to read more