Industry Analysis & Industry Trends
The Pizza Restaurants and Takeaway industry has changed considerably over the past five years. While traditional pizzas remain popular with Australians, consumer preferences are shifting. Consumers have embraced gourmet and healthier options over the past five years, despite the associated higher pricepoints. Over the five years through 2016-17, industry revenue is expected to grow by a compound annual 2.8%. This strong growth includes a forecast rise of 0.9% in 2016-17, with revenue reaching $3.7 billion. As consumer demand has diversified, product innovation has been key to the industry's growth.
Convenience trends and changing menus have bolstered demand in the face of uncertain economic conditions... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Pizza Restaurants and Takeaway industry is in the mature stage of its life cycle. Over the 10 years through 2021-22, the industry's contribution to the economy (industry value added) is expected to rise by an annual rate of 2.6%, compared with annualised GDP growth of 2.5%. This indicates that the industry is growing at a similar pace to the overall economy.
The industry exhibits a moderate level of technological change. The development of mobile and internet technology to improve the customer experience will continue to change the way the industry operates. New technology developments have primarily sought to improve efficiency and convenience.
Despite the industry being in the mature phase of its economic life cycle, opportunities are present for growth... purchase to read more