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Restaurants in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Restaurants Market Research Report | ANZSIC H4511a | Jan 2017

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

IBISWorld’s Restaurants 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.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$20bn
Annual Growth 12-17
5.6%
Annual Growth 17-22
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Profit
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Employment
290,142
Businesses
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... purchase to read more

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... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

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 diningMid-range diningLow-cost dining
 
Industry Activities
Restaurant operationBistro operationBrasserie operationGrill bar operationSushi and sashimi restaurant operation


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