2014-04-02 05:41:01 - Restaurants, Bars and Canteens in Australia: ISIC 552 - a new market research report on companiesandmarkets.com
Over the review period of 2000-2010, the Australian market for restaurants doubled to reach a value of A$71 billion. Moreover, the Australian Bureau of Statistics´ results released in June 2011 confirm that the restaurant, cafÃ© and catering industry is one of the most resilient areas of the economy.
The market was characterised by constant year on year growth which averaged 7% per annum. Despite a further worsening of economic conditions in 2009, consumer foodservice sustained value growth of 4%, similar that achieved the preceding year. Cheaper food choices in 100% home delivery/takeaway and fast food continued to be key contributors to performance in 2009.
The main buyer group was households, which accounted for an average 78% of total demand throughout the review
period.B2B customers comprised 20% of the total in 2010, while the government was responsible for around 2%.
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