Overview

Food on the table: The rise of foodie culture continues to support industry revenue

IBISWorld’s Restaurants market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$20bn
Annual Growth
2012 - 2017
5.6%
Annual Growth
2017 - 2022
Profit
Employment
290,142
Business
26,377

Industry Analysis & Industry Trends

Changing social trends have fuelled strong revenue growth for the Restaurants industry over the past five years. The industry is expected to post annualised revenue growth of 5.6% over the five years through 2016-17, to total $20.4 billion. Busier lifestyles and diminishing leisure time have increasingly led consumers to turn to restaurants for meals. Restaurants have allowed consumers to combine dining with leisure and avoid spending time on food preparation. These trends are expected to continue in 2016-17, with industry revenue forecast to grow by 3.3% during the year.

Consumer demand for quality food and fine-dining experiences has fuelled industry revenue growth over the past five years...

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Industry Report - Industry Key Buyers Chapter

The Restaurants industry is characterised by a low level of market share concentration, with no player accounting for more than 5% of revenue. The industry is highly fragmented and dominated by small, individual businesses. Barriers to entry are low, and therefore do not significantly inhibit new players. Over 73% of restaurants hire less than 20 people, and just under 20% are owner-operated, non-employing businesses. Few businesses in the industry employ more than 100 people, and the majority of those that do are located in New South Wales and Victoria. Some renowned chefs have successfully built a larger portfolio of restaurants in these states. These establishments benefit from their association with the chef.

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Industry Products

What is the Restaurants Industry?

Industry firms mainly provide food and beverages for consumption on the premises. Customers generally order and are served while seated and pay after eating. The industry includes licensed, unlicensed and BYO restaurants. The industry excludes cafes and coffee shops, theatre restaurants, catering services and shops that primarily offer takeaway food services.

Industry Products
Premium dining
Mid-range dining
Low-cost dining
Industry Activities
Restaurant operation
Bistro operation
Brasserie operation
Grill bar operation
Sushi and sashimi restaurant operation

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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