Top of the food chain: Growth in real household discretionary income has boosted revenue

The Fast Food and Takeaway Food Services industry has flourished over the past five years. Demand for fast food has benefited from an increase in the health consciousness of consumers, and an increasing awareness of the benefits of maintaining a healthy diet and lifestyle. As a result, growth in demand for healthy fast food has been faster than the decline in demand for unhealthy fast food. Traditional fast food retailers have responded to these trends by expanding their product ranges, while new players have entered the industry, eager to gain a share of the market. As a result, industry revenue is expected to grow at an annualised 5.7% over the five years through 2017-18, to reach $2.5 billion. Industry revenue is projected to grow by 4.4% in the current year...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 13-18
5.7%
Forecast Growth 18-23
Profit
Employment
26,100
Businesses
5,600

Industry Threats & Opportunities

  • Growth in real household discretionary income has supported industry revenue
  • A modest rise in the average weekly hours worked has supported demand for takeaway food
  • Growth in real household discretionary income will continue to drive demand for takeaway food
  • Industry Report - Industry SWOT Analysis Chapter

    The industry is in the mature phase of its life cycle. Over the 10 years through 2022-23, industry value added, which measures the industry's contribution to the overall economy, is expected to increase at an annualised 5.8%, compared with forecast annualised growth in New Zealand GDP of 2.8% over the same period. As a result, the industry is expected to outperform the wider economy during this period. Forecast growth in IVA over the 10 years through 2022-23 is expected to be fuelled by increasing demand for healthier fast food options due to an anticipated increase in the health consciousness of consumers over the 10-year period.Industry enterprise and establishment numbers are expected to exhibit solid growth over the decade through 2022-23. New...purchase to read more.

    Additional Insights for the Fast Food and Takeaway Food Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Fast Food and Takeaway Food Services Industry are

  • Ability to franchise operations
  • Ability to control stock on hand
  • Prompt delivery to market
  • IBISWorld analysts also discuss how external factors such as Real household discretionary income and Health consciousness in the Fast Food and Takeaway Food Services industry impact industry performance..

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    What's in this report

    What is the Fast Food and Takeaway Food Services in New Zealand Industry?

    Industry operators provide takeaway food that is ready for immediate consumption, such as pizza, burgers, sandwiches and sushi. Takeaway food is generally placed in takeaway containers or packaging, and may be consumed on the premises, taken away or delivered.

    Industry Products
  • Burgers
  • Pizza
  • Chicken
  • Sandwiches, salads and juice
  • Confectionery and desserts
  • Other fast food
  • Industry Activities
  • Pizza retailing
  • Burger retailing
  • Fish and chip retailing
  • Sandwich retailing
  • Sushi retailing
  • Ice cream retailing
  • Juice bar retailing
  • Mobile food van operations
  • Other takeaway food retailing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Real household discretionary income
  • Health consciousness
  • Median age of the population
  • Average weekly hours worked
  • Consumer sentiment index

  • Current Performance
  • Operating landscape
  • Competition and profit
  • Enterprises and employment
  • Chart: Revenue Growth

  • Industry Outlook
  • Trading landscape
  • Competition and profit
  • Enterprises and employment
  • Table: Fast Food and Takeaway Food Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Fast Food and Takeaway Food Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers in New Zealand

  • Key Selling Industries
  • General Line Grocery Wholesaling in New Zealand
  • Meat, Poultry and Smallgoods Wholesaling in New Zealand
  • Soft Drink and Pre-Packaged Food Wholesaling in New Zealand

  • Products & Services
  • Burgers
  • Pizza
  • Sandwiches, salads and juice
  • Chicken
  • Confectionery and desserts
  • Other fast food
  • Chart: Fast Food and Takeaway Food Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 31-50
  • Consumer aged 50-70
  • Consumer aged 19-30
  • Consumers aged 70 and over
  • Consumer aged 15-18
  • Chart: Major Market Segmentation for the Fast Food and Takeaway Food Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Fast Food and Takeaway Food Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Fast Food and Takeaway Food Services Industry

  • Industry Globalization
    Restaurant Brands New Zealand Limited, McDonald's Restaurants (New Zealand) Limited, Subway Franchisee Advertising Fund Trust, B.V., Tango Holdings NZ, Domino's Pizza Enterprises Limited,
  • Table: Restaurant Brands New Zealand Limited - financial performance
  • Table: McDonald's Restaurants (New Zealand) Limited - financial performance
  • Table: Subway Franchisee Advertising Fund Trust, B.V. - financial performance
  • Table: Tango Holdings NZ - financial performance
  • Table: Domino's Pizza Enterprises Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Fast Food and Takeaway Food Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Fast Food and Takeaway Food Services Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Health Consciousness
  • A consumer's attitude toward their diet and lifestyle.
  • Point-Of-Sale Systems
  • Computerised systems used in retail sales to complete transactions.
  • Traditional Fast Food
  • Takeaway food including pizza, burgers, chicken, fish and chips, pies, sausage rolls and pasties.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Fast Food and Takeaway Food Services in New Zealand market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Fast Food and Takeaway Food Services in New Zealand:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Fast Food and Takeaway Food Services in New Zealand market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Fast Food and Takeaway Food Services in New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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