2014-03-14 06:33:01 - Fresh Pasta Production in Australia - Industry Market Research Report - a new market research report on companiesandmarkets.com
Australias Fresh Pasta Production market is steaming ahead with revenue expected to grow at an annualised 3.0% over the five years through 2012-13 to reach $218 million. This strong performance has stemmed from fresh pastas low-cost yet gourmet food appeal to consumers, which has helped the industry defy the overall downturn in consumer spending since the onset of the global economic downturn. In this context, demand for fresh pasta has soared due to the tendency to cook at home and cut discretionary spending on eating out to save money. Added to this have been favourable social trends such as growing health consciousness and rising demand for convenience products as busy consumers look to purchase high-quality, healthy food that is quick
and easy to prepare.
he main factors restricting performance over the five years through 2012-13 have been volatility in commodity prices and the growing bargaining power of major supermarkets. Both of these factors have lowered profitability and limited the entrance of new companies into the industry. Nonetheless, industry revenue is forecast to grow by 3.1% over 2012-13 due to strong demand from consumers.
Looking ahead, industry performance is expected to improve over the next five years with revenue forecast to grow at an annualised 3.9% to reach $264.4 million in 2017-18. The main drivers of growth will be favourable economic conditions such as rising incomes in conjunction with low unemployment, inflation and interest rates. These factors are expected to boost consumer confidence and encourage greater spending on fresh pasta products.
Operators are expected to have the opportunity to earn additional income streams from the introduction of organic pasta lines given the ongoing rise in health consciousness and growing popularity of organic food. This will help operators boost profitability, as will a general decline in commodity prices. These factors are expected to boost revenue by 2.5% in 2013-14. The main trend that could detract from the industrys performance over the medium term is the introduction of lower cost, private-label products, which would depress overall profitability.
Companies in this industry manufacture fresh, perishable pasta dishes sold through supermarkets, grocery stores and other food retail outlets.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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