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Fast Food Industry

Fast Food and Takeaway Food Services in Australia industry trends

The Fast Food and Takeaway Food Services industry has reported revenue growth over much of the past five years. As consumers have increasingly demanded health and premium food products over the period, industry operators have responded by expanding their use of fresh and high-quality ingredients, and by introducing new ranges of healthier and premium products. Additionally, declining discretionary income over the past five years has discouraged Australian consumers from purchasing expensive food from restaurants, opting for lower cost food from industry operators instead. These trends have contributed to rising industry revenue over the three years through 2018-19.

More Fast food industry for better profits

Rising consumer demand for nutritious fast food is projected to drive revenue growth for the Fast Food and Takeaway Food Services industry over the next five years. However, ongoing health consciousness trends will likely hinder industry performance, especially for traditional operators, as consumers limit consumption of unhealthy food. Revenue is forecast to grow at an annualised 5.6% over the five years through 2027, to $25.62 billion. The addition of premium menu options is anticipated to support industry revenue growth, with a rise in household discretionary income supporting this trend. However, this forecast is dependent on economic recovery from the effects of COVID-19 pandemic, particularly on discretionary incomes.

What is Fast Food and Takeaway Food Services industry in Australia?

Industry Definition

Industry firms primarily provide fast food, such as burgers, pizza, sandwiches and sushi, and takeaway for immediate consumption. Customers order or select items and pay before eating. Food is usually provided in takeaway containers or packaging, and is consumed on the premises, taken away or delivered. The industry also includes fast food sold in food halls and food courts.

Industry Products and Services

  • Burgers
  • Pizza
  • Chicken-based fast food
  • Sandwiches, salads and juices
  • Other fast food
  • Desserts and confectionery

Industry Activities

  • Cooked chicken retailing
  • Pizza retailing
  • Hamburger retailing
  • Fish and chips retailing
  • Sandwich retailing
  • Juice bar operation
  • Mobile food van operation
  • Sushi retailing
  • Takeaway food retailing
  • Ice cream retailing

Fast food industry -players with the largest market shares

The companies holding the largest market share in the Fast Food and Takeaway Food Services in Australia industry include McDonald's Australia Holdings Pty Limited, Competitive Foods Australia Pty Ltd, Yum! Restaurants Australia Pty Limited and Subway Systems Australia Pty Limited.

 

McDonald's Australia Holdings Pty Limited

Competitive Foods Australia Pty Ltd

Yum! Restaurants Australia Pty Limited

Subway Systems Australia Pty Limited

Domino's Pizza Enterprises Limited

Collins Foods Limited

Craveable Brands Pty Ltd

Capabilities

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Benefits

Marketing Research

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