Industry Analysis & Industry Trends
Consumer health awareness has transformed the Fast Food Services industry over the past five years. Industry demand has been affected by increased consumer awareness about the nutritional content of fast food and a conscious effort by consumers to choose healthier options. Industry operators have responded by introducing a range of healthier, premium choices with less fat, sugar and salt. This change in consumer preferences has also led to an influx of new operators offering higher quality fast-food options. Growing industry participation, combined with rising prices as demand for premium products increases, is expected to drive revenue growth of 3.0% over 2016-17. Revenue is forecast to rise by an annualised 3.9% over the five years through 2016-17, to reach $19.3 billion... purchase to read more
Industry Report - Industry Products Chapter
Growing public awareness of healthy eating has led growth in the range of products offered by the industry. Consumers have become increasingly concerned about fat and salt content. As a result, fast-food operators have expanded their menus to include healthier options such as salads, yoghurt and wraps. New operators with a premium or healthy focus have also been drawn to the industry, hoping to benefit from shifting consumer demand.
Traditional hamburgers account for the largest share of industry revenue. Chicken burgers are not included in this segment. Unsurprisingly, industry heavyweights McDonald's and Hungry Jack's support the hamburger segment's dominance. However, this segment's share of industry revenue has fallen over the past five years... purchase to read more