Foodservice Market in Australia Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

The foodservice market's growth momentum in Australia will accelerate at a CAGR of 11.64% and the market share will increase to USD 30.48 billion from 2021 to 2026.

This foodservice market in Australia research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers foodservice market segmentation in Australia by:

• Modality - Conventional, Centralized, Ready-prepared, and Assembly-serve
• Sector - Commercial and Non-commercial

The foodservice market vendors in Australia are - Bucking Bull, Burger Fuel Worldwide Ltd., Craveable Brands, Dominos Pizza Inc., Hungry Jacks Pty Ltd., Inspire Brands Inc., Krispy Kreme Inc., McDonald Corp., Nandos Group, Ribs and Burgers, Starbucks Co., The Subway Group, and YUM Brands Inc. among others.

What will the Foodservice Market Size in Australia be During the Forecast Period?

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Foodservice Market in Australia: Key Drivers, Trends, and Challenges

The changing lifestyles and rise in demand for convenient food is notably driving the foodservice market growth in Australia, although factors such as the growing preference for home-cooked food may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the foodservice industry in Australia. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Foodservice Market Driver in Australia

• One of the key factors driving growth in the foodservice market in Australia is the changing lifestyles and rise in demand for convenient food.
• Consumers are overwhelmed by their hectic lifestyles and responsibilities at home and work and have little time to cook.
• Quick service restaurants (QSRs) provide consumers and workers with the food of their choice, along with the convenience of delivering it to their door.
• Owing to the rise in the purchasing power of consumers, in countries such as Australia, people often prefer on-the-go food owing to the hectic lifestyle and the growing desire for convenience.
• Consumers customize their meals accordingly and purchase items that suit their needs, irrespective of the time or what is on the menu. This new trend of customizing food orders and opting for alternative delivery options will have a positive impact on the foodservice market in Australia.

Key Foodservice Market Trend in Australia

• The increasing demand for gluten-free fast foods is a foodservice market trend in Australia that is expected to have a positive impact in the coming years.
• The fast-food industry in Australia is witnessing a growing preference for healthy ingredients. These ingredients include aluminum-free baking powder, gluten-free flour, and organic flour. Though gluten-free fast foods are more expensive than conventional products because of the high cost of manufacturing and raw materials, their growing popularity in Australia will support the growth of the market in focus due to the increasing demand from health-conscious consumers.
• In Australia, many consumers are opting for healthy fast food options such as multigrain and wholegrain varieties of bread.
• Health and wellness considerations can also influence the demand for bread-based fast food.
• Vendors in Australia are offering gluten-free fast foods and healthier multigrain and whole-wheat bread options to capture the market by meeting consumer tastes and preferences. Therefore, the increasing demand for gluten-free food will support the growth of the market in focus.

Key Foodservice Market Challenge in Australia

• The growing preference for home-cooked food will be a major challenge for the foodservice market in Australia during the forecast period.
• A major reason for this preference is that the food served in restaurants is perceived to be unhealthy as it contains large amounts of carbohydrates, added sugar, salt, unhealthy fats, and artificial food additivities.
• Home-cooked food has more nutritional value as the ingredients used are fresh, hygienic, and free of any contamination. Thus, home-cooked food will impede market growth as consumers, particularly
• Currently, more people prefer home-cooked meals, which are often prepared using fresh and organic ingredients, such are fresh vegetables and juices; individuals also are aware of the fortified nutrients used in the meal.
• The inclination for healthy cooking is a potential threat to foodservice outlets. This, in turn, will restrict the growth of the foodservice market in Australia.

This foodservice market in Australia analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the foodservice market in Australia as a part of the global hotels, restaurants, and leisure market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the foodservice market in Australia during the forecast period.

Who are the Major Foodservice Market Vendors in Australia?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Bucking Bull
• Burger Fuel Worldwide Ltd.
• Craveable Brands
• Dominos Pizza Inc.
• Hungry Jacks Pty Ltd.
• Inspire Brands Inc.
• Krispy Kreme Inc.
• McDonald Corp.
• Nandos Group
• Ribs and Burgers
• Starbucks Co.
• The Subway Group
• YUM Brands Inc.

 

This statistical study of the foodservice market in Australia encompasses successful business strategies deployed by the key vendors. The foodservice market in Australia is fragmented and the vendors are deploying growth strategies such as focusing on distinguishing their products and service offerings through clear and unique value propositions to compete in the market.

Product Insights and News

• Bucking Bull - Bucking Bull is a privately held company headquartered in Australia. It is a global company, with limited information regarding its financials and limited information regarding its employee strength is available. Its revenue from the foodservice market in Australia contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
• Bucking Bull - The company offers a range of catering packages and solutions such as breakfast spread and sandwich platter through its foodservice.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The foodservice market in Australia forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Foodservice Market in Australia Value Chain Analysis

Our report provides extensive information on the value chain analysis for the foodservice market in Australia, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

What are the Revenue-generating Modality Segments in the Foodservice Market in Australia?

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The foodservice market share growth in Australia by the conventional segment will be significant during the forecast period. Food that is prepared using the conventional system may be distributed for service directly to dining rooms or lunch counters. The system offers consumers freshly prepared food and flexible menu options. These advantages are likely to drive the growth of the conventional segment of the foodservice market in Australia during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the foodservice market size in Australia and actionable market insights on post COVID-19 impact on each segment.

 

Foodservice Market Scope in Australia
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 11.64%
Market growth 2022-2026	$ 30.48 billion
Market structure	Fragmented
YoY growth (%)	10.97
Regional analysis	Australia
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Bucking Bull, Burger Fuel Worldwide Ltd., Craveable Brands, Dominos Pizza Inc., Hungry Jacks Pty Ltd., Inspire Brands Inc., Krispy Kreme Inc., McDonald Corp., Nandos Group, Ribs and Burgers, Starbucks Co., The Subway Group, and YUM Brands Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Foodservice Market in Australia Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive foodservice market growth in Australia during the next five years
• Precise estimation of the foodservice market size in Australia and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the foodservice industry in Australia
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of foodservice market vendors in Australia

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