Total revenue of fast food and takeaway food services Australia 2014-2023
In 2023, Australia's fast food and takeaway food services industry generated over 23 billion Australian dollars in revenue, marking a notable increase of around 2.4 billion Australian dollars from the previous year. This represented the highest revenue value for the fast food and takeaway food services sector in Australia within the given period.
Australian fast food industry
The fast food sector in Australia has been developing rapidly over the past decade, indicating the country's growing preference for easy dining options. Over one-fifth of Australian fast food consumers surveyed in 2023 reported eating fast food at least once a week. Global fast food giants Subway and McDonald's continued to hold the top spots among the popular quick service restaurant chains in Australia as of February 2024, with more than 1,200 Subway locations and more than 1,030 McDonald's outlets across the country. Nonetheless, the country’s fast food industry is evolving as more Australians express their preference for healthier dining choices.
Key fast food trends
Growing consumer demand for healthier and more environmentally friendly options is a notable trend across Australia's fast food industry. In a 2023 survey, when questioned about their attitudes toward food, 60 percent of Australian respondents indicated they were actively trying to eat healthily. Australia's fast food chains are responding to the changing consumer preferences by introducing healthy and sustainable menu items, such as plant-based alternatives and locally sourced products, as well as reducing packaging waste. In a 2023 survey on goods and services in Australia, around 75 percent of respondents reported that strong sustainability policies and practices were a key purchase incentive for them at a restaurant or café. In the face of changing consumer preferences and growing expenses, fast food companies in Australia must strike a balance between sustainability, affordability, and quality to remain successful in an increasingly competitive market.
