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 for quality coffee and vibrant coffee culture. The Australian love affair with fine 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 7.4% over the five years through 2015-16, boosted by a large spike in 2013-14 that was caused by rising consumer sentiment and growing incomes. This includes a forecast increase of 3.2% in 2015-16, to $5.3 billion. However, competitive pressures have pushed profitability down slightly over the past five years... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Cafes and Coffee Shops industry is currently in the growth phase of its economic life cycle. Industry value added, which measures the industry's contribution to the overall economy, is forecast to grow by an annualised 3.9% over the 10 years through 2020-21. In contrast, Australia's GDP is forecast to grow at 2.8% over the same period. This outperformance indicates that the industry is growing as a share of 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... purchase to read more