2014-02-07 05:35:02 - Coffee, Tea, Spices and Ready Meals in Australia: ISIC 1549 - a new market research report on companiesandmarkets.com
Coffee, tea, spices and ready meals market reaches A$10.4 billion in 2012, following 5% CAGR over review period. Households account for major although diminishing 68% share of domestic demand in 2012, down from 71% in 2007.
Tea and coffee category registers immense 116% growth, although more mature and saturated soups, ready meals and other food products category remains the largest, accounting for 65% of total sales in 2012.
Underpinned by both increasing prices and volume sales, industry enjoys 6% CAGR over review period. Further driven by convenience, health and premiumisation trends, and underpinned by rising spending power, industry expected to see 3% CAGR over 2013-2018.
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