Food

The Australian foodservice market is projected to reach USD 80.7 billion within the next 5 years, witnessing a CAGR of 5.1% during the forecasted period.

• There are several opportunities in the Australian foodservice market, considering the increase in the number of people eating away from home and a rise in interest in specialty niche products in the market.
• The most popular cuisines among the Australian consumers are Italian, Chinese, Thai, Indian, Vietnamese, Japanese, Korean and Mexican.
• Chained food operators showed steady and positive growth over the review period, and are expected to continue to grow year-over-year, during the forecasted period.

APTE is currently providing accounting, taxation and business advisory to various businesses involved in hotels and restaurants including franchisers of big brands. GST and FBT can be complicated with food industry as many purchases are exempted from GST and impact on FBT on subsidized food to employees. Our expert team will advise you on this.