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 Analysis Chapter
A robust coffee culture has driven the success of the Cafes and Coffee Shops industry over the past five years. Industry players have benefited from Australia's love of quality coffee, which supported the industry's growth in the years following the economic downturn. Industry revenue is expected to grow by an annualised 3.2% over the five years through 2014-15. Revenue is forecast to rise by 2.4% during 2014-15, to total $4.3 billion. The industry's success has been fuelled by resilient consumer demand for quality and convenient food and drinks. While cafe and coffee shop spending is discretionary, it is considered an affordable luxury by many consumers. As a result, consumers are unwilling to forgo their daily cup of coffee, providing a stable underlying revenue base... purchase to read more