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Australians' expanding palates have significantly influenced the Japanese Restaurants industry's performance. Consumers have sought diverse ethnic cuisines triggered by net migration and inbound tourism. Higher discretionary income has boosted consumers' purchasing power to spend on dining out, which has particularly inflated demand at the higher end of the pricing spectrum for Japanese restaurants. For example, the likes of Nobu and Tempura Hajime have benefited from Omakase’s growing popularity as they provide a chef-curated, luxury dining experience. With that said, demand for the low- to mid-pricing tier have risen in line with consumer pessimism and budget-conscious mindsets. In turn, revenue is expected to grow by an annualised 2.1% over the five years through 2023–24, to $1.9 billion. The COVID-19 pandemic brought unprecedented disruption to the industry, dulling its performance. Lockdowns and social-distancing requirements plummeted dine-in earnings for restaurants, but those that shifted towards takeaway could benefit from a prosperous home-delivery market. Post-pandemic inflation pressures encourage consumers to pull back discretionary spending, contributing to the market’s modest anticipated revenue growth of 0.9% in 2023-24.
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IBISWorld's research coverage on the Japanese Restaurants industry in Australia includes market sizing, forecasting, data and analysis from 2014-2029. The most recent publication was released May 2024.
The Japanese Restaurants industry in Australia operates under the ANZSIC industry code OD5648. The industry comprises restaurants (independent, chain and franchised) that serve Japanese food to patrons. These establishments may also offer alcoholic and other beverages with the food. Restaurants may offer home-delivery services in addition to their physical locations. Related terms covered in the Japanese Restaurants industry in Australia include food service , franchise and omakase.
Products and services covered in Japanese Restaurants industry in Australia include Sushi and sashimi, Noodles and Tempura and grilled dishes .
The Japanese Restaurants industry in Australia is highly fragmented with no companies holding a market share greater than 5%.
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Japanese Restaurants industry in Australia.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Japanese Restaurants industry in Australia.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Japanese Restaurants industry in Australia.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Japanese Restaurants industry in Australia. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
The Companies chapter covers Key Takeaways, Market Share and Companies in the Japanese Restaurants industry in Australia. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Japanese Restaurants industry in Australia. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Japanese Restaurants industry in Australia. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Japanese Restaurants industry in Australia.
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The market size of the Japanese Restaurants industry in Australia is $1.9bn in 2026.
There are 1,763 businesses in the Japanese Restaurants industry in Australia, which has grown at a CAGR of 5.6 % between 2019 and 2024.
The Japanese Restaurants industry in Australia is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
The Japanese Restaurants industry in Australia is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
The market size of the Japanese Restaurants industry in Australia has been growing at a CAGR of 2.1 % between 2019 and 2024.
Over the next five years, the Japanese Restaurants industry in Australia is expected to grow.
Sushi and sashimi and Noodles are part of the Japanese Restaurants industry in Australia.
The level of competition is high and increasing in the Japanese Restaurants industry in Australia.