Industry Analysis & Industry Trends
Kitchen and cookware stores in Australia have dished out hot and cold results over the past five years. Increases in expenditure on house renovations, discretionary incomes and the number of households have driven revenue growth. However, competition from cafes, restaurants and takeaway services have put downward pressure on the industry expansion rate. Despite this, demand was bolstered by a strong uptake in cooking activities due to the popularity of TV cooking programs and the desire to cook and eat healthy food. As older people tend to cook more meals at home, an ageing Australian population is also anticipated to have fuelled industry revenue growth. These factors are projected to drive revenue growth of 1.8% in 2015-16... purchase to read more
Industry Report - Industry Analysis Chapter
The performance of kitchen and cookware stores in Australia has been mixed over the past five years, fluctuating in line with private capital expenditure on kitchens. Consumers' increasing awareness of the food they eat has boosted demand for kitchen and cookware. Rising health consciousness, along with greater demand for food products grown and manufactured locally, is fuelling a trend towards home cooking.
A developing foodie culture in Australia has been a double-edged sword for the industry. On the one hand, Australians are becoming more interested in cooking as a pastime and so are investing in the necessary cookware and utensils. On the other hand, Australians are spending more money on dining out, which is limiting the pace of industry expansion... purchase to read more