Australia Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2028
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Australia Foodservice Market Report Overview
The Australian profit sector’s total revenue reached AUD97.8 billion ($67.7 billion) in 2023 and will attain a CAGR of over 4% during 2023-2028. This growth can be attributed to the strong comeback of the Australian tourism sector post the pandemic. Furthermore, factors such as the government’s investment in tourism, an increase in consumer demand, and a rise in social gatherings will support the growth of the sector.
Australia Foodservice Profit Sector Outlook 2023-2028, (AUD Billion)
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The Australia foodservice market research report offers an in-depth analysis of the key issues impacting the market and presents growth opportunities for the sector participants. The report evaluates the Australia foodservice market in terms of profit sector channels and cost sector channels for the next five years (2023-28). This report will act as a vital point of reference for business-critical decision-making among the foodservice operators or suppliers in Australia.
Market Size (2022) | AUD97.8 billion ($67.7 billion) |
CAGR (2022-2027) | >4% |
Historical Period | 2018-2023 |
Forecast Period | 2023-2028 |
Key Profit Sector Channels | · Quick-Service Restaurant (QSR)
· Full-Service Restaurant (FSR) · Pub, Club & Bar · Coffee & Tea Shop · Accommodation |
Key Outlet Type | · Dine-in
· Takeout |
Key Owner Type | · Independent Operators
· Chain Operators |
Key Cost Sector Channels | · Education
· Healthcare · Military & Civil Defense · Welfare & Services · Complimentary Services |
Key Companies | · McDonald’s Corporation
· Yum! Brands · Flynn Group · Grill’d · Minor International |
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Australia Foodservice Market Trends
- Health and Wellness: Australian consumers will become more health conscious, leading to higher demand for healthy products.
- Social responsibility: Operator will attract consumers that demonstrate a genuine commitment to making a positive social impact.
- Value for money: Consumers will demand more value-for-money options due to economic uncertainty.
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Australia Foodservice Market Segmentation by Profit Sector Channels
QSR was the largest profit sector channel in 2023 by value sales.
The key profit sector channels in the Australia foodservice market are Quick-Service Restaurant (QSR); Full-Service Restaurant (FSR); pub, club, & bar; coffee & tea shop; and accommodation among others. The QSR was the leading profit sector channel in 2023, followed by FSR and pub, club, & bar. Doorstep deliveries and takeout services significantly helped operators manage their losses amid the COVID-19 crisis. Furthermore, key operators in the channel focused on improving their sales and generating consumer interest by launching new items. Burger, pizza, and chicken were the leading cuisine types in 2023.
Australia Foodservice Market Analysis by Profit Sector Channels, 2023 (%)
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Australia Foodservice Market Segmentation by Cost Sector Channels
The key cost sector channels in the Australia foodservice market are education, healthcare, military & civil defense, and welfare & services. In 2023, education was the largest cost sector, followed by healthcare and military & civil defense.
Australia Foodservice Market Analysis by Cost Sector Channels, 2023 (%)
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Australia Foodservice Market – Competitive Landscape
McDonald’s was the largest QSR operator in Australia in 2023
The key foodservice companies in Australia are:
- McDonald’s Corporate
- Yum! Brands
- Flynn Group
- Grill’d
- Minor International
Australia Foodservice Market Analysis by Competitors
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Australia Foodservice Market – Latest Developments
- Doorstep deliveries and takeout services helped operators and contributed to value sales growth. Furthermore, key operators in the channel such as McDonald’s and Yum! Brands focused on improving their sales and generating consumer interest by expanding their menu.
- In June 2023, Flynn group launched a Mac N Cheese Pizza and a Pasta Bolognese Pizza to celebrate 45 years of the gluttonous cartoon character Garfield.
Segments Covered in the Report
Australia Foodservice Market Outlook by Profit Sector Channel (Value AUD Billion, 2018-2028)
- Quick-Service Restaurant (QSR)
- Full-Service Restaurant (FSR)
- Pub, Club & Bar
- Coffee & Tea Shop
- Accommodation
Australia Foodservice Market Outlook by Cost Sector Channels (Value, AUD Billion, 2018-2028)
- Education
- Healthcare
- Military & Civil Defense
- Welfare & Services
- Complimentary Services
Scope
The report includes:
- Overview of Australia’s macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the Australia foodservice market, including GDP per capita, consumer price index, population growth, and annual household income distribution.
- Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR, coffee & tea shop, and pub, club & bar) within the Australia foodservice market, including the value of the market, number of transactions, number of outlets, and average transaction price.
- Customer segmentation: Identify the most important demographic groups, buying habits, and motivations that drive out-of-home meal occasions among segments of the Australia population.
- Key players: Overview of market leaders within the four major channels, including business descriptions and number of outlets.
Reasons to Buy
- Get specific forecasts of the foodservice market over the next five years will give readers the ability to make informed business decisions by identifying emerging/declining markets.
- Understand the consumer segmentation that details the desires of known consumers among all major foodservice channels (QSR, FSR, coffee & tea shop, and pub, club & bar).
Yum! Brands
Roark Capital Group
Domino's Pizza
Hungry Jack's
Flynn Group
Grill'd
Sushi Train
Minor International
Retail Food Group
Foodco Group
Starbucks Corporation
La Kaffa International
Table of Contents
Frequently asked questions
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What was the Australia profit sector market size in 2023?
The Australia profit sector market size was AUD97.8 billion ($67.7 billion) in 2023.
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What will the Australia profit sector growth rate be during the forecast period?
The profit sector in Australia will grow at a CAGR of over 4% during 2023-2028.
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Which was the leading profit sector channel in the Australia foodservice market in 2023?
QSR was the leading profit sector channel in the Australia foodservice market in 2023.
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What cost sector channel had the highest share in the Australia foodservice market in 2023?
The healthcare sector had the highest share in the Australia foodservice market in 2023.
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