Industry Analysis & Industry Trends
Demand for the industry will take a positive turn in the next five years, after recessionary trends and low consumer sentiment temporarily stifled revenue. A rise in demand from high-income households and businesses will bolster growth, with consumers spending more money on parties and other catered functions again and corporate budgets loosened in line with stronger corporate profit. As a result of these trends, the number of businesses within the industry will also grow... purchase to read more
Industry Report - Starting a New Business Chapter
The largest four industry operators are estimated to account for much less than 10.0% of total industry revenue. This is indicative of the industry having a large number of small business operators and being very fragmented. The barriers to entry in this regard are low, with no large or dominant firms. However, barriers are generally increasing, particularly in relation to the introduction of more stringent food handling and preparation health and safety regulations. Currently, regulations vary between states and there is no national regulation standard that new firms are required to meet... purchase to read more