PROSPECTS AND OPPORTUNITIES
Boost to consumer spending expected as interest rates are finally cut
The Reserve Bank of Australia has finally started to cut the cash rate, which has been passed on in full by most major banks, providing some relief to Australians repaying mortgages and other debts. In addition, 2024’s inflation grew at a much steadier rate, closer to the 2-3% inflation target than in 2023, so spending on essentials is also starting to stabilise.
Eat-in to remain a key feature of full-service restaurants
The full-service restaurant experience caters for consumers wanting to eat-in and this is not expected to change over the forecast period. While lockdowns forced full-service restaurants to expand their online and delivery capabilities, this was a temporary measure to allow businesses to continue operating during a challenging environment.
Greater focus on Generation Z and their needs as consumers
As Generation Z consumers continue to age, their purchasing power increases, and thus they are quickly becoming the target demographic for various industries and businesses looking to expand. It will be important for full-service restaurants to cater for the needs of this generation as these consumers gradually become the top spenders in the foodservice industry.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Overview:
Understand the latest market trends and future growth opportunities for the Full-Service Restaurants 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 Full-Service Restaurants 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 Full-Service Restaurants 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 Full-Service Restaurants in Australia?
- Which are the leading brands in Full-Service Restaurants in Australia?
- How are multinational and local operators competing and expanding in Australia?
- How are consumer lifestyle trends and eating habits shaping Full-Service Restaurants in Australia?
- How is the Full-Service Restaurants 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 Full-Service Restaurants in Australia? Which of these trends hold the greatest potential demand?
- Where is future growth expected to be most dynamic?
Full-Service Restaurants in Australia - Category analysis
KEY DATA FINDINGS
Full-service restaurants faces challenging times as consumers reduce spending
Asian full-service restaurants develop in line with evolving consumer tastes
Eat-in is major focus for full-service operators
Boost to consumer spending expected as interest rates are finally cut
Eat-in to remain a key feature of full-service restaurants
Greater focus on Generation Z and their needs as consumers
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:
Full-Service Restaurants
- Chained Full-Service Restaurants
- Independent Full-Service Restaurants
-
-
- Chained Asian Full-Service Restaurants
- Independent Asian Full-Service Restaurants
-
- Chained European Full-Service Restaurants
- Independent European Full-Service Restaurants
-
- Chained Latin American Full-Service Restaurants
- Independent Latin American Full-Service Restaurants
-
- Chained Middle Eastern Full-Service Restaurants
- Independent Middle Eastern Full-Service Restaurants
-
- Chained North American Full-Service Restaurants
- Independent North American Full-Service Restaurants
-
- Chained Pizza Full-Service Restaurants
- Independent Pizza Full-Service Restaurants
-
- Chained Other Full-Service Restaurants
- Independent Other Full-Service Restaurants
-
Full-Service Restaurants
FSR (full-service restaurants) encompasses all sit-down establishments where the focus is on food rather than on drink. FSR is characterized by table service and a relatively higher quality of food compared to quick-service units. Menus offer multiple selections and may include breakfast, lunch and dinner. Preparation of food products is often complex and involves multiple steps. NOTE: restaurants types catalogued in this segment refer to table-service only (outlets with a proper “full table service:” wait staff attending customers and taking orders at the tables). Outlets with “limited table service” are excluded from FSR. For example: outlets where customers order their food at the counter are excluded (even though the waiter will then bring the food at the table).
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 Full-Service Restaurants research and analysis database.
NEW REPORT GUARANTEE
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!