$21.3bn
$XXX.Xm
175k
27,421
$X.Xbn
Shifting social trends have significantly influenced the Restaurants industry's performance over recent years. Consumers' busy lifestyles and high workloads have bolstered restaurant meal and takeaway demand. Restaurants allow consumers to combine dining with leisure and avoid spending time on food preparation. The COVID-19 pandemic severely affected industry operations, limiting restaurants to takeaway services during lockdown periods. However, easing restrictions over recent years have boosted demand for dining out, driving up revenue. Increasing demand for food delivery platforms like Uber Eats has also supported industry revenue, allowing time-poor consumers to purchase home-delivered, restaurant-quality food. Overall, industry revenue is anticipated to have risen at an annualised 6.9% over the past five years and is expected to total $21.3 billion in 2024-25, when revenue will decrease an estimated 0.8%. Industry profit margins have also risen thanks to higher customer volumes since COVID-19 pandemic restrictions eased.
Industry revenue has grown at a CAGR of 6.9 % over the past five years, to reach an estimated $21.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2025 | Revenue ($short_0)
2025 |
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There are no companies that hold a large enough market share in the Restaurants in Australia industry for IBISWorld to include in this product.
Industry revenue is measured across several distinct product and services lines, including Premium dining, Mid-range dining and Low-cost dining. Premium dining is the largest segment of the Restaurants in Australia.
Greater takeaway possibilities have supported demand for low-cost dining
Restaurants mainly provide food and beverages for consumption on the premises. The industry includes licensed, unlicensed and BYO restaurants. The industry excludes cafes and coffee shops, theatre restaurants, catering services and shops that primarily offer takeaway food services.
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ANZSIC 4511 - Restaurants in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Rising household consumption expenditure has substantially benefited the industry in recent years. However, significant cost-of-living pressures have constrained further reve...
Learn about an industry's products and services, markets and trends in international trade.
Despite the pandemic causing economic volatility, demand for low-cost dining has risen. As these restaurants have extensive takeaway menus, food delivery services’ popularity...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Restaurants are concentrated in areas with a high population. For this reason, New South Wales, Victoria and Queensland house over 80% of Australia’s restaurants.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Industry competition is growing. New restaurants are entering the industry to provide unique and trendy food options that fulfil Australia’s expanding foodie culture.
Learn about the performance of the top companies in the industry.
The industry has no major players as it’s highly fragmented and comprises many small restaurants. Restaurants focus on unique meal experiences because chain establishments ar...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Restaurants received substantial assistance from the government during the pandemic. These assistance programs include the Boosting Cash Flow for Employers Scheme, the Corona...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Demand has increased substantially following the COVID-19 pandemic, pushing up profitability. COVID-19 restrictions relating to venue capacity and international travel bans s...
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Restaurants industry in Australia is $21.3bn in 2024.
There are 27,421 businesses in the Restaurants industry in Australia, which has grown at a CAGR of 3.5 % between 2019 and 2024.
The market size of the Restaurants industry in Australia has been growing at a CAGR of 6.9 % between 2019 and 2024.
Over the next five years, the Restaurants industry in Australia is expected to grow.
Premium dining and Mid-range dining are part of the Restaurants industry.
The level of competition is high and increasing in the Restaurants industry in Australia.