PROSPECTS AND OPPORTUNITIES
Improving economy set to drive growth, while personalisation will become increasingly important as players vie for share in competitive market
Australia's economic outlook remains strong, with rising business and consumer confidence expected to boost discretionary spending throughout the forecast period. Cafés/bars is well-positioned to capitalise on this positive environment as consumers increasingly prioritise socialising and experiential dining.
Value-driven focus in offerings is set to help fuel demand
Over the forecast period, operators of cafés/bars are expected to fuel growth by prioritising value through offerings aligned with evolving consumer expectations. Health-conscious trends will remain a key driver, with increasing demand for plant-based diets, functional foods, and low-carbon meals.
Digitalisation will play crucial role in consumer engagement, alongside personalised promotions
In cafés/bars, delivering value now extends beyond menu innovation as businesses focus on creating holistic dining experiences to stand out in an increasingly competitive landscape. Operational efficiency is set to play a critical role, with initiatives such as the trial by Gloria Jean's Coffees of cashless payments aimed at streamlining service and boosting customer satisfaction.
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Overview:
Understand the latest market trends and future growth opportunities for the Cafés/Bars industry in Australia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Cafés/Bars industry in Australia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Cafés/Bars in Australia report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Cafés/Bars in Australia?
- Which are the leading brands in Cafés/Bars in Australia?
- How are multinational and local operators competing and expanding in Australia?
- How are consumer lifestyle trends and eating habits shaping Cafés/Bars in Australia?
- How is the Cafés/Bars industry adapting to a post-COVID-19 market environment? Where are the opportunities amidst the challenges?
- How significant are health considerations in shaping the future of Cafés/Bars in Australia? Which of these trends hold the greatest potential demand?
- Where is future growth expected to be most dynamic?
Cafés/Bars in Australia - Category analysis
KEY DATA FINDINGS
Cafés/bars struggles to recover amid shrinking expenditure
Rising demand for healthy, nutritional and convenient menu options
Café operators adapt to premium offerings and enhanced experiences
Improving economy set to drive growth, while personalisation will become increasingly important as players vie for share in competitive market
Value-driven focus in offerings is set to help fuel demand
Digitalisation will play crucial role in consumer engagement, alongside personalised promotions
Consumer Foodservice in Australia - Industry Overview
Consumer foodservice in 2024: The big picture
2024 key trends
Competitive landscape
Independent foodservice developments
What next for consumer foodservice?
DISCLAIMER
The following categories and subcategories are included:
Cafés/Bars
- Chained Cafés/Bars
- Independent Cafés/Bars
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- Chained Bars/Pubs
- Independent Bars/Pubs
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- Chained Cafés
- Independent Cafés
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- Chained Juice/Smoothie Bars
- Independent Juice/Smoothie Bars
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- Chained Specialist Coffee and Tea Shops
- Independent Specialist Coffee and Tea Shops
Cafés/Bars
This category encompasses all establishments where the focus is on drinking (either alcoholic or non-alcoholic beverages). While a wide variety of snacks and full meals are offered, it is not uncommon for consumers to only order a drink. As a general rule, establishments deriving 50% of their income or more from the sale of drinks are included here.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Cafés/Bars research and analysis database.
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