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 7.4% over the five years through 2015-16, boosted by a large spike in 2013-14 caused by rising consumer sentiment and growing incomes. This includes a forecast revenue increase of 8.4% in 2015-16, to total $5.3 billion. Despite this, competitive pressures have 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 SWOT Analysis Chapter
The Cafes and Coffee Shops industry is in the growth stage of its life cycle. Over the 10 years through 2020-21, the industry's contribution to the economy (industry value added) is expected to rise by an annual rate of 3.9%, a strong performance when compared with annualised GDP growth of 2.6%. This indicates that the industry is growing at a faster pace than the overall economy.
The number of businesses and products in the industry is rising swiftly. The rapid growth in new cafes and coffee shops in Australia is one of the strongest indications that the industry is currently in the growth phase of its life cycle, with enterprises and establishments rising strongly over the 10 years through 2020-21. This growth is also evident in the increased range of new products... purchase to read more