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- Foodservice Dollar 2024 update
- Australian Foodservice Market Size volumes almost back to normal
- Market Size Update
- Commercial Outlet Numbers
- What are operators telling us?
- BIG DATA is coming to the Australian Foodservice Market!
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LET US BE VERY CLEAR!
The Australian Foodservice market is BACK TO NORMAL after the pandemic! What does the data show us? Let's look at four key areas: | | | |
1. Foodservice Dollar 2024 update
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THE FOODSERVICE DOLLAR – as of June 2024 – is only slightly below 2019 level at 36.4%. This means, as per today Australian households spend on average 36.4% of their food & non-alcoholic beverage budget on eating-out as opposed to eating-at-home. That is only 0.8 percentage points lower than when we entered our first national lockdown in March 2020! | | | |
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2. Australian Foodservice volumes almost back to 2019 levels
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TOTAL ANNUAL PROCUREMENT OF FOOD & NON-ALCOHOLIC BEVERAGES by all foodservice operators nationally is now almost back to 2019 level in volume terms. As of June 2024, foodservice operators procured 2.682 million tonnes of food & non-alcoholic beverages that went into all meals served in the Commercial & Institutional markets. | | | |
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3. Foodservice Market Size Update | |
THE FOODSERVICE WHOLESALE MARKET SIZE – as of June 2024 – is A$29 billion. This growth is exponential due to exceptional price inflation for food and beverages since 2022. | | | |
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4. Foodservice Outlet Numbers
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The DECLINE IN COMMERCIAL FOODSERVICE OUTLET NUMBERS due to permanent closures caused by the pandemic ceased over the past 12 months. As of July 2024, Australia has 58,989 Commercial foodservice outlets – an increase of 1,573 outlets when compared with July 2023. However, almost 70% of this increase is accounted for by an increase in Major & Minor QSR Chain outlets.
We do understand and acknowledge the difficult trading environment many Commercial Foodservice operators experience. However, this is no longer due to the impact of the Covid-19 pandemic. The key point is that operators were facing similar as well as other challenges prior to the pandemic as an everyday part of doing business. As Australia entered the first national lockdown, our economy was soft and the outlook for the foodservice market was already subdued. We are now in a business cycle like we have seen so many times before, for example, in the years 2011 to 2013 as the Australian economy and Commercial Foodservice market were recovering from the Global Financial Crisis. | | | |
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Feedback from Foodservice Operators across Australia
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Our interviewers speak with operators nationwide five days per week, eleven months of the year. Every week, they report in their observations and anecdotal market insights in both the Commercial as well as the Institutional Foodservice sector. In other words, Food Industry Foresight continually conduct QUALITATIVE as well as QUANTITATIVE data research. Hence, our qualitative data supports and explains the above foodservice market growth and development as outlined above.
Here is some of what Restaurants; Cafés; Hotels; QSR Independents & Chains; Clubs & Pubs say: - CORPORATE BUSINESS is back – holding conferences and business functions with at least 50+ people. This is particularly important for the Hotel channel where the most important foodservice meal occasion is functions of all sorts – way surpassing in size any other meal occasion. “….we have four function/meeting rooms within the hotel, and last year we opened one room up, but now in 2024 all four are in use [all the time].”
- Not only are business conferences & functions increasing in numbers and size in the Hotel channel, but so are PRIVATE FUNCTIONS like weddings, birthday celebrations and dancing groups & competitions.
- Many operators report that they are DOING BETTER than what they did prior to the pandemic, being very positive about current business levels as well as going forward.
- Several point out that that we are in the WINTER PERIOD when people generally go out somewhat less anyway. This is just part of the normal cycle – in the warmer months operators see more local customers as well as travellers.
- CAFÉS are generally very positive, and many have since the pandemic not dropped their TAKE-AWAY offering, if the demand is still there. This has added “…another leg to our business.”
- Many Cafés also report that the DINNER meal segment is also picking up around 4-5 PM. Many customers come around that time, and either they eat straight away sitting down for a quick meal or they take it home for dinner instead of ordering online when arriving home.
- However, many Cafés also report that office lunch food habits have changed to a certain extent, and that lunch takeaway has dropped somewhat due to less office workers.
- Pubs & Clubs are holding an increasing number of THEME NIGHTS like pizza nights and chicken parmigiana nights. There is always ROAST ON SUNDAYS, and as reported before, the number of VEGETARIAN DISHES served has increased significantly. Due to this increased demand, chefs are developing vegetarian dishes that are exciting and innovative, often using local produce and local suppliers.
- QSR Independents as well as QSR Chains report that they are often “…packed” serving breakfast, brunch, lunch and dinner, but have found that online ordering has dropped off back to pre-pandemic levels. Again, a sign the Australian Foodservice market is back to normal.
- As many customers in the two QSR Channels are experiencing cost of living pressures, FAMILY FRIENDLY MEAL DEALS have become important and take a larger outlet share of business.
- In summary, our interviewers are telling us that the general sentiment among Commercial Foodservice operators is that “… it is GOING WELL” and “…it is LOOKING POSITIVE”!
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BIG DATA IS COMING TO
THE AUSTRALIAN FOODSERVICE MARKET.
We are partnering with BRIZO FoodMetrics - the hottest thing in foodservice data and insights in USA and Canada.
Think BIG Data for foodservice. Using AI enhanced data capture and analysis BRIZO provides the most detailed data service anywhere in the world.
Would you like location and contact details for your target foodservice operators filtered by cuisine, menu & ingredient analysis, price levels, size, and much more? Contact us to find out more.
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AFS Market Size
What is the total available market for your products across all foodservice channels? How is it changing? How is it changing? Report options from $8,100
AFS Market Structure 2024
Foodservice outlet numbers across all channels, changes and trends
Report options from $5,900
Foodservice Distribution in Australia What type of Distributor do buyers prefer when procuring in your product category? The top 5 distributors supply less than 40% of the market. How do you distribute your products to the other 60%? Three report volumes $950 - $4,500 each
All prices exclude GST | | | |
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