Industry Analysis & Industry Trends
The Australian Restaurants industry has faced difficult trading conditions over the last five years due to flow-on effects of the global financial crisis. The discretionary nature of this industry leaves it exposed to adverse changes in household income and other broader macro-economic factors such as tax, interest rates and employment, which influence consumer sentiment and expenditure. As such, declining household income during the recent global economic downturn alongside rising unemployment and low consumer sentiment, saw demand plummet for the industry. Consumers became vigilant in their spending by choosing to cook at home rather than eat out, and they sought value for money in food purchases... purchase to read moree
Industry Report - Industry Key Buyers Chapter
The industry displays a high level of concentration. The top five players account for 81.2% of industry revenue between them. Marine Harvest is the largest player in the industry, with a quarter of industry revenue... purchase to read more