Industry Analysis & Industry Trends
Strong demand and the rapid premiumisation of tea and coffee products has driven revenue growth in the Tea and Coffee Manufacturing industry over the past five years. Industry revenue is forecast to rise by an annualised 4.4% over the five years through 2014-15. This strong growth includes a rise of 2.5% in 2014-15, to total $2.3 billion. Australia's coffee culture has supported demand for industry products over the past five years, with particularly strong growth at the higher pricepoints. Similar trends have been evident across the industry's tea segments, with consumers willing to spend more for an enhanced product offering. Manufacturers have worked to meet consumer demand by offering a raft of new premium products across the industry in an effort to attract premium prices... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Tea and Coffee Manufacturing industry is currently in the growth phase of its life cycle. Industry value added, which measures the industry's contribution to the economy, is forecast to grow by an annualised 3.3% in the 10 years through 2019-20. This growth represents an outperformance of Australian GDP, which is forecast to rise by an annualised 2.7% over the 10-year period. This outperformance has been driven by robust demand for tea and coffee, both in the home and at cafes and restaurants.
Industry establishment numbers are forecast to grow over the 10 years through 2019-20, supporting the industry's growth phase. Strong demand for industry products and solid profitability continues to attract a large number of new operators into the industry... purchase to read more