Australian Food Service Market Analysis:
The Australian Food Service Market is estimated to reach an assessment of over USD 80.70 billion by the end of the calculated period. The regional market is determined to record a reasonable growth rate of 5.1% throughout the conjecture period. Independent restaurants in Australia have a strong presence in the market, in terms of the number of restaurants.
The restaurant or foodservice industry includes all companies that offer meals prepared outside the home, such as restaurants, school and hospital cafes, and food outlets. In Australia, hiring and retaining employees is becoming a major problem for gamers in the restaurant industry.
Market Drivers and Restraints:
There are several opportunities in the Australian foodservice market, given the increase in the number of people eating outside the home and the increased interest in specialized specialty products on the market. Among Australian consumers, the most popular cuisines are Thai, Vietnamese, Japanese, Indian, Mexican, Chinese, Italian, and Korean. Australians consume outside food at least two to three times in a week, which is about 50 million meals a week. McDonald's, KFC, Domino's, Red Rooster, Subway, Hungry Jacks, etc., are among the most prominent fast food services in this nation. Among these, McDonald's was a consumer favorite, followed by KFC, fishmongers, and restaurants serving Asian dishes. Nevertheless, the number of consumers has increased in recent times, who are altering their consumption designs from fast food to healthy food. Food chain operators have grown consistently and positively during the review period and are expected to continue to grow year after year during the outlook period.
Market Segmentation:
The Australian Food Service Market segmentation has been categorized by Place Type into Full-Service Restaurants, Quick Service Restaurants, Food Junctions Cafeterias/buffets, Bars and Managed Food Service.
By end-user, the market is divided into Industrial Premises, Commercial and Office Premises, Hospital & Nursing Homes, Educational Premises (Colleges, Universities, Schools), In-transit Food Service (Airlines, Trains), and Sports Centers/Malls. Based on place type, full-service restaurants had a significant share in 2017 and recorded a notable CAGR during the envisioned period. In contrast, the market share of fast-food restaurants is constantly increasing due to the rise in urbanization and the hectic lifestyle of the population living in urban areas. As the government creates a complex regulatory landscape, restaurateurs focus more on the quality of food and services.
Regional Analysis:
The total number of restaurant chains and foodservice providers is increasing exponentially. This is also identified in developed nations like Australia. Several foreign and local food brands are entering new marketplaces to expand their activities and gain a competitive edge in this industry. Over the review period, Domino’s sustained to grow its occurrence in Australia and had 693 points of sale across the country in 2019. Chain operators have shown steady positive growth during the review period and are expected to continue to grow year after year during the estimated period.
Impact of COVID-19 on Australian Food Service Market
Covid-19’s impact on the food and beverage sector is immense. The strict government implementations like lockdown in Australia resulted in the shutdown of manufacturing units and distribution channels, affecting the foodservice market to its deepest. The same is likely to continue until the end of 2020 as consumers prefer to consumer foods prepared at home rather than going out. This will be a major threat to the foodservice industry, and it is estimated that it will take some time in the future to recover.
Leading Company
McDonald had the largest share of the Food Service Market in terms of sales and revenue in Australia in 2019.
Key Players
Various players, such as McDonald's, Domino's, Pizza Hut, KFC, Subway and Hungry Jack's (Burger King), continually participate in the development of their market capitalization by opening new outlets in Australia.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Food Service Market, By Place Type
6.1.1 Full Service Restaurants
6.1.2 Quick Service Restaurants
6.1.3 Food Junctions Cafeterias/Buffets
6.1.4 Bars
6.1.5 Managed Food Service
6.1.6 Market Size Estimations & Forecasts (2019-2024)
6.1.7 Y-o-Y Growth Rate Analysis
6.1.8 Market Attractiveness Index
6.2 Food Service Market, By End-User
6.2.1 Industrial Premises
6.2.2 Commercial and Office Premises
6.2.3 Hospital & Nursing Homes
6.2.4 Educational Premises
6.2.5 In-transit Food Service
6.2.6 Sports Centers/Malls
6.2.7 Market Size Estimations & Forecasts (2019-2024)
6.2.8 Y-o-Y Growth Rate Analysis
6.2.9 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 Asia Pacific
7.2.1 By Country
7.2.1.1 China
7.2.1.2 India
7.2.1.3 Japan
7.2.1.4 South Korea
7.2.1.5 South East Asia
7.2.1.6 Australia & NZ
7.2.1.7 Rest of Asia-Pacific
7.2.2 By Place Type
7.2.3 By End-User
8. Key Player Analysis
8.1 KFC
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 McDonald's
8.3 Pizza Hut
8.4 Burger King
8.5 Electrolux
8.6 Hoshizaki Electric Co
8.7 Starbucks Corp
8.8 Yum! Brands Inc
8.9 Dunkin 'Donuts
8.10 Papa John's
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
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Apr 2021
