So if you’re interested in a lucrative business opportunity, you may want to check out the ever colourful culinary world of restaurants. Our reports include 15+ pages of data, analysis and charts, including: Inform your decisions for marketing, strategy and planning. 70% of all restaurants are standalone entities that operate as a single unit. … Biggest companies in the Restaurants industry in Australia, Administration & Business Support Services, Professional, Scientific & Technical Services, Specialist Engineering, Infrastructure & Constractors, Market Size Statistics for Restaurants in Australia. We live in an ever-changing world and the marketplace is evolving. Trends for Australia's restaurant industry The Australian eating out market is dynamic, competitive and continually evolving. Here are a few more trends…. The highest proportion of apprentices in training were reported by Queensland (33%), followed by Victoria (24%), New South Wales (20%) and Western Australia (15%). apprentice projects. Online Marketing Statistics What good is a food, no matter how tasty, if no I forgot my password As the economy tightens, people prefer “comfort food” and simple, good-for-you foods that they recall from the past. Find industry analysis, statistics, trends, data and forecasts on Restaurants in Australia from IBISWorld. Today, more and more diners are eating alone – and it is important that restaurants cater for this growing market. Most guests like some vegetarian meals and more and more people have some form of dietary issue, either perceived or real. 47% of the 1. Customers are going back to basics. Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. 2. That means 12 per cent of your customers will not eat 90 per cent of what is on most menus. No account ? Solo diners and people using their iPhones require booths and private places to communicate. And other diets such as paleo, low-carb and “green in the middle” continue to grow. Australian Bureau of Statistics Logo of the ABS with coat of arms. 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. Gluten-free is now a requirement, not just a fad – although the number of people who actually need a gluten-free diet is much smaller than those who claim to need it. On top of this, 35 per cent of people below 25 years have trouble using a knife and fork; they were brought up on pizza, burgers, sausage rolls and sushi. By continuing to use this website you agree to the use of these technologies. Get up to speed on any industry with comprehensive intelligence that is easy to read. Moreover, the majority of meat eaters also like good vegetarian food – and it is obviously a healthy option as well. industrial relations; migration services; mentor program; training; events; programs. IBISWorld reports on thousands of industries around the world. Australia Foodservice Market - Growth, Trends, and Forecast (2020 - 2025) The Australia Foodservice Market is segmented by Type (Full Service Restaurant, Self Service Restaurant, Fast Food, Street Stall and Kiosk, Cafe and Bar, and 100% Home Delivery Restaurant) and Structure (Independent Consumer Foodservice and Chained Consumer Foodservice). View Trends, Analysis and Statistics. Provides statistics about Australian arts. Today’s solo diners are interested in the food and often have the time to indulge themselves, so don’t hurry them out. The official Bureau of Labor Statistics turnover rate for the restaurant sector was 81.9% for the 2015–2017 period, but industry estimates are over 150%, and as most restaurant owners know, the problem had only been getting Until recently, dining out in restaurants alone in Australia was relatively rare. With this IBISWorld Industry Research Report on , you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions. It is vital for restaurant leaders to stay … Even the big chain restaurants are offering healthier options - the McDonald's apple pie has just had a modern makeover: it is now baked not fried and contains less sugar. I’ll review some more trends in future Leaders Newsletters. R&CA notes that restaurants, cafes and caterers are defined as ‘food retailing’ under the definition of Division G of the Australian Bureau of Statistics and Australian New Zealand Industrial Classification. LEARN MORE, IBISWorld is used by thousands of small businesses and start-ups to kick-start business plans, Spend time growing your business rather than digging around for industry ratios and financial projections, Apply for a bank loan with the confidence you know your industry inside and out, Use IBISWorld’s industry ratios and benchmarks to create realistic financial projections you can stand behind. Here you will find a range of facts about Australia's vibrant arts sectors and the latest trends in art creation, industry, global trade, participation and support. Hence the number of top chefs setting up fast food: Daniel Wilson’s Huxtaburger, Warren Turbull’s Chu Burger, Neil Perry’s Burger Project, George Calombaris’ Jimmy Grants and many others. Rising trends An eMarketer study found that more than 61 million Americans used some type of mobile payment in 2019. The short attention span and the fact that particularly iGeners communicate with icons rather than text means that pictures will become more important. If you This statistic shows the revenue of cafes, restaurants & takeaway food and beverage services in Australia from the financial year 2006/2007 to 2020/2021. The Dimmi booking group estimate that solo reservations have risen 27 per cent this year alone. And solo dining is increasing. There is also an increase in snacking, multiple meals and share plates, especially amongst the younger generations. The owner of Smith & Daughters, a vegan restaurant in Fitzroy, states that one in nine people or about 12 per cent, claim to be vegetarian. Millennials and iGeners have a short attention span and struggle to sit down long enough to eat. Includes the necessary information to perform SWOT, PEST and STEER analysis. Remain informed of industry trends and developments, changes in regulations and offers exclusive deals with suppliers to reduce costs in your business. Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses. They may bring a book and their smartphone but they also want to enjoy the experience. This website uses cookies to improve your user experience while you navigate through the website. Essential Statistics About the Restaurant Industry 1. Must-know restaurant statistics of 2019. The new generation loves to gather in “tribes” so share plates are also important. More and more venues are now offering vegetarian and vegan options on their menus, such as quinoa, chai and nut-free. I did not receive account confirmation instructions. Back in August, I wrote about a few of the current trends affecting our industry with a few brief tips on how to stay in front.