Fast Food and Takeaway Food Services in Australia - Industry Market Research Report

Fancy takeaway: Higher quality fast food options are boosting revenue growth

Consumer health awareness is transforming the Fast Food and Takeaway Food Services industry. Heightened awareness of the nutritional content of fast food and a conscious effort by consumers to choose healthier options have influenced demand. Fast food brands have responded by introducing a range of healthier, premium choices with less fat, sugar and salt. Changes in consumer preferences have also prompted an influx of new players offering higher quality fast food options. For example, the number of salad and juice bars and sushi stores is increasing. The COVID-19 outbreak and the associated trading restrictions have adversely impacted fast food outlets. Revenue has grown at an annualised 0.2% over the past five years and is expected to total $21.1 billion in 2022-23, when it will jump by an estimated 1.5%.

Industry firms primarily provide fast food, such as burgers, pizza, sandwiches and sushi, and takeaway for immediate consumption. Customers order or select items and pay before eating. Food is usually provided in takeaway containers or packaging, and is consumed on the premises, taken away or delivered. The industry also includes fast food sold in food halls and food courts.

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.