Market Size of Australia HRI Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.95 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Australia HRI Market Analysis
The Australia HRI market is projected to grow, witnessing a CAGR of 3.95% during the forecast period (2020-2025).
- The Australian HRI market is significantly dominated by full-service restaurants. In order to cater the consumers, restaurants are innovating their models and introducing newer concepts in foodservice, with several key features, such as the use of organic produce, local consumption, and, in short, a sustainable process from contracting staff to the establishment's carbon footprint. The key idea is maintaining a balance to avoid running out of resources and using products and processes that do not harm the environment.
- Australia had witnessed a great potential demand for chained form of fast food and full-service restaurants, over the past few years. The increasing trend of the consumers opting for chained food outlets for the trusted and quick services resulted in the market players introducing this concept. For instance, in August 2019, Subway, one of the country's largest quick service restaurant brands, launched a nationwide first grab 'n' go menu at one of its busiest retail locations, at the University of Queensland.
