Key trends australias strong cafe culture has helped

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Key Trends Australia's strong cafe culture has helped generate sustained growth for the coffee segment. Niche players have entered the industry to satisfy consumers looking for high-quality products. Exports to China have been highly volatile, even before the COVID-19 pandemic. Tea consumption is projected to decline as younger consumers shift towards other beverages. Private-label brands are anticipated to place increasing price pressure on the industry. Increasing consumer demand for premium industry products is projected to support revenue growth. Consumer preferences have changed over the past five years due to growing health concerns. Executive Summary Mixed brew: Revenue has grown despite volatile input prices and international trade. BSBINS502 - Coordinate data management V3 2021 Page 45 RTO Provider: 91153 - CRICOS Code: 02672K greenwichcollege. edu.au
Operators in the Tea, Coffee and Other Food Manufacturing industry produce a range of food products. Industry products include tea, coffee, prepared meals, salt, yeast, and herbs and spices. Rising health consciousness, consumer incomes, volatile input prices and international trade have all influenced industry revenue over the past five years. These factors have supported demand for some products at the expense of others. A line chart that shows the annual percentage change in revenue over the past five years and a forecast for the next five years. View as data table, Chart The chart has 1 X axis displaying values. Range: 2015.9 to 2026.1. The chart has 1 Y axis displaying values. Range: -5.5335 to 15.2235. 2026: 3.0% Overall, industry revenue is expected to increase at an annualised 1.9% over the five years through 2020-21, to $8.2 billion. However, this trend includes an expected revenue decline of 4.6% in the current year, due to the COVID-19 pandemic negatively affecting exports and demand for premium food products. In addition, downstream demand from food-service establishments has been volatile during the COVID-19 pandemic. However, players have benefited from rising demand from the major retailers, such as Coles and Woolworths. BSBINS502 - Coordinate data management V3 2021 Page 46 RTO Provider: 91153 - CRICOS Code: 02672K greenwichcollege. edu.au
BSBINS502 - Coordinate data management V3 2021 Page 47 RTO Provider: 91153 - CRICOS Code: 02672K greenwichcollege. edu.au
Consumer preferences have changed over the past five years due to growing health concerns, rising demand for foreign foods and increasing demand for premium product lines. These trends have allowed many small-scale niche manufacturers to enter the industry over the period, boosting the number of industry enterprises. However, growing interest in foreign foods has contributed to moderate import pressures on industry operators, limiting industry performance. Exports have declined as a share of revenue over the past five years, despite strong demand for premium Australian food products abroad, particularly in the Asia-Pacific region. The COVID-19 pandemic has disrupted supply chains and reduced demand from overseas markets, further constraining industry performance.

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