Market Size of Australia HRI Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.95 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Australia HRI Market Analysis
The Australia HRI market is projected to grow, witnessing a CAGR of 3.95% during the forecast period (2020-2025).
- The Australian HRI market is significantly dominated by full-service restaurants. In order to cater the consumers, restaurants are innovating their models and introducing newer concepts in foodservice, with several key features, such as the use of organic produce, local consumption, and, in short, a sustainable process from contracting staff to the establishment's carbon footprint. The key idea is maintaining a balance to avoid running out of resources and using products and processes that do not harm the environment.
- Australia had witnessed a great potential demand for chained form of fast food and full-service restaurants, over the past few years. The increasing trend of the consumers opting for chained food outlets for the trusted and quick services resulted in the market players introducing this concept. For instance, in August 2019, Subway, one of the country's largest quick service restaurant brands, launched a nationwide first grab 'n' go menu at one of its busiest retail locations, at the University of Queensland.
Australia HRI Industry Segmentation
The scope of the Australia HRI market includes segmentation on the basis of Type and Structure. By type, the market is segmented under Consumer Foodservice, Hotels, and Institutional. The consumer foodservice is further segmented under Cafes and Bars, Full-service Restaurants, Fast Food, Pizza Consumer Foodservice, Self-service Cafeterias, 100% Home Delivery/Takeaway, and Street Stalls/Kiosks. Furthermore, the market is segmented on the basis of structure under Independent Outlet, and Chained Outlet.
| By Type | |||||||||
| |||||||||
| Hotels | |||||||||
| Institutional (Catering) |
| By Structure | |
| Independent Outlet | |
| Chained Outlet |
Australia HRI Market Size Summary
The Australian HRI market is experiencing a notable expansion, primarily driven by the dominance of full-service restaurants. These establishments are adapting to consumer demands by innovating their service models and incorporating sustainable practices, such as utilizing organic produce and minimizing environmental impact. The market has seen a significant shift towards chained fast food and full-service restaurants, as consumers increasingly prefer these outlets for their reliability and quick service. This trend has prompted major players like McDonald's, Domino's, and Subway to expand their presence across the country, introducing new concepts and menu options to capture a larger market share. The rise of international brands entering the Australian market further underscores the competitive landscape, as these companies seek to enhance their business activities and gain a foothold in the region.
The growth of the Australian HRI market is also fueled by the increasing reliance on food delivery services, with platforms such as Menulog, UberEats, and Deliveroo playing a pivotal role. Australians are investing significantly in food and drink delivery, creating lucrative opportunities for home delivery and takeaway restaurants. This segment is projected to grow at a robust rate, attracting entrepreneurs and startups like FoodByUs, which leverage online channels to boost food deliveries. Key industry players, including Yum! Brands, McDonald's, and Starbucks, are adhering to strict food safety regulations to ensure the quality and safety of their offerings. As the market continues to evolve, these companies are focused on maintaining compliance while exploring new avenues for growth and expansion.
Australia HRI Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.2 Market Restraints
-
1.3 Porters Five Forces Analysis
-
1.3.1 Threat of New Entrants
-
1.3.2 Bargaining Power of Buyers/Consumers
-
1.3.3 Bargaining Power of Suppliers
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Type
-
2.1.1 Consumer Foodservice
-
2.1.1.1 Cafes and Bars
-
2.1.1.2 Full-Service Restaurants
-
2.1.1.3 Fast Food
-
2.1.1.4 Pizza Consumer Foodservice
-
2.1.1.5 Self-Service Cafeterias
-
2.1.1.6 100% Home Delivery/Takeaway
-
2.1.1.7 Street Stalls/Kiosks
-
-
2.1.2 Hotels
-
2.1.3 Institutional (Catering)
-
-
2.2 By Structure
-
2.2.1 Independent Outlet
-
2.2.2 Chained Outlet
-
-
Australia HRI Market Size FAQs
What is the current Australia HRI Market size?
The Australia HRI Market is projected to register a CAGR of 3.95% during the forecast period (2024-2029)
Who are the key players in Australia HRI Market?
McDonald's Corporation , Yum! Brands, Inc., Domino's Pizza, Inc., Starbucks Corporation and Nando's are the major companies operating in the Australia HRI Market.
