Australia HRI Market Report and Forecast 2024-2032

Australia HRI Market Outlook

The Australia HRI market size is estimated to grow at a CAGR of 3.8% during 2024 and 2032. The market growth can be attributed to the growing cultural diversity, increasing health awareness, and the rising ageing population.

Key Trends in the Market

HRI or hotel, restaurant, and institutional sector encompasses cafeterias, restaurants, catering, and other food establishment services that are based in schools, corporate offices, hospitals, and hospitality settings. The sector offers lodging, dining, banquets, takeouts, and institutional catering to consumers.

• Growing culinary diversity, due to the presence of people from diverse backgrounds and cultures in the country, is a crucial trend aiding the Australia HRI market expansion. This diversity has led to the rise in popularity of local cuisine as well as international dishes in the HRI sector.

• Due to the rising health consciousness among consumers, restaurants and institutional catering services are incorporating healthy food options in their menus. Some of these common options include gluten-free, vegan, vegetarian, and low-calorie meals.

• In the past 20 years, Australia’s Real Net National Disposable Income (RNNDI) per capita increased by almost 1.4 times from $48,538 in 2002-03 to $68,092 in 2021-22. Rising disposable income and busy schedules of customers are positively influencing the Australia HRI market growth as customers are extensively depending on food sourced from dine-in, takeaways, and doorstep food deliveries, among others.

• The growing ageing population due to the decreasing fertility rate and increasing life expectancy in the country is also favouring the Australia HRI market demand. In June 2020, there were around 4.2 million senior citizens in Australia, which comprised 16% of the total Australian population. This increases their dependency on cooked foods served at restaurants and hotels, due to their less ability to cook for themselves.

Australia HRI Market Segmentation

Based on type, the market is divided into consumer foodservice, hotels, and institutional (catering). On the basis of structure, the market is bifurcated into independent outlets and chained outlets. The major regional markets for HRI in Australia include New South Wales, Victoria, Queensland, Australia Capital, and Western Australia, among others.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter’s five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Australia HRI market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Yum! Brands, Inc.

• McDonald's Corporation

• Domino's Pizza, Inc.        

• Starbucks Corporation

• Hungry Jack’s Pty Ltd.

• The Restaurant Brands International, Inc. 

• Bucking Bull

• Nando’s Australia Pty Ltd.

• 85 Degrees C Inc.

• Burger Urge

• Others

Market Share by Structure

Chained outlets represent a significant portion of Australia HRI market share as they offer the instant consumption of food and beverages through services like dine-in, takeaway, and doorstep delivery. Factors such as the introduction of online food delivery services as well as expansion of the international chained outlets have further amplified the segment’s growth in country. For example, in July 2023, McDonalds announced its expansion plan to open 100 new stores in next 3 years in Australia.

Moreover, the growing incorporation of organic ingredients in food, coupled with the rising usage of sustainable packaging, is expected to boost the popularity of chained outlets among eco-conscious consumers in the forecast period.

Market Share by Type

As per the Australia HRI market analysis, hotels account for a substantial market share as they offer various HRI services such as dine-ins, takeouts, and banquets, among others. The growing popularity of staycations and Airbnb are also expected to offer lucrative market growth opportunities in the forecast period.

Growing competition between hotels has further led to a surge of unique dishes and cost-effective pricing, which supports the segment’s growth. Additionally, the growth of international tourism is expected to boost the inclusion of diverse culinary items in the hotel menu in the coming years.

Competitive Landscape

Domino's Pizza, Inc. is an American multinational pizza restaurant chain. Started in 1960, the brand is one of the most recognised and known pizza brands in the world. Through constant research and development, the company has developed unique products and services, including, heatwave hotbags, pizza screen development, and a better box, among others.

Starbucks Corporation was founded in 1971 and is headquartered in Washington, the United States. It is an American multinational chain of coffeehouses and roasteries. To captivate customers, the company introduces multiple rewards and gift cards such as free coffee, customise your drink, and endless extras, among others.

Yum! Brands, Inc. is an American multinational fast-food corporation and is the world’s largest restaurant company. It is associated with 1,500 franchises which operate in more than 55,000 restaurants in over 155 countries and territories. Its global leader brands include Taco Bell, KFC, and Pizza Hut, among others.

Other Australia HRI market players include McDonald's Corporation, Hungry Jack’s Pty Ltd., The Restaurant Brands International, Inc., Bucking Bull, Nando’s Australia Pty Ltd., 85 Degrees C Inc., and Burger Urge, among others.

Key Highlights of the Report