Forecasted household domestic tourism consumption of food and beverage products in Australia shows a steadily increasing trend from 2024 to 2028. The value in 2023 stood at 11.73 billion Australian dollars. The year-on-year variations indicate a consistent growth pattern: 2024 sees a 2.05% increase, 2025 grows by 2.17%, 2026 by 2.04%, 2027 by 1.92%, and 2028 by 1.89%. The compound annual growth rate (CAGR) for this period is approximately 2.01%, signifying a stable upward trend in consumption.
Future trends to watch for include potential changes in consumer behavior, influenced by economic stability, the advent of new dietary preferences or restrictions, and the impact of digital transformation on tourism-related food and beverage consumption. Additionally, sustainability practices and local sourcing could become significant factors shaping future consumption patterns.