Industry Analysis & Industry Trends
Australia's Fresh Pasta Production industry is steaming ahead with revenue expected to grow at an annualised 3.0% over the five years through 2012-13 to reach $218 million. This strong performance has stemmed from fresh pasta's low-cost yet gourmet food appeal to consumers, which has helped the industry defy the overall downturn in consumer spending since the onset of the global economic downturn. In this context, demand for fresh pasta has soared due to the tendency to cook at home and cut discretionary spending on eating out to save money. Added to this have been favourable social trends such as growing health consciousness and rising demand for convenience products as busy consumers look to purchase high-quality, healthy food that is quick and easy to prepare... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in a mature life cycle stage given the slow rise in industry operators, the clearly segmented range of products and wholehearted acceptance of pasta products by the market. However, the industry's rate of growth compared with the overall economy shows that there are still plenty of growth pockets in the industry.
Over the 10 years through 2017-18, the number of establishments operating in the industry is expected to increase at an annualised 2.4%. This reflects growth opportunities in the industry. However, this growth has been restricted by the dominance of the industry's two largest players and the difficulty of smaller players to compete with the high degree of brand loyalty and marketing... purchase to read more