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Australian millennials, with the support of tech, are driving change in Australian food culture.
The snack occasion, now worth $7B to Australia’s foodservice industry, is experiencing a renaissance.
The $7 billion between-meal snacking occasion has once again become a favourite amongst hungry and time-starved Australians.
Australia’s economy is growing at a strong annual rate. Consumer sentiment has fallen to the lowest since November last year, though the overall index indicates consumers remain relatively optimistic.
Older Millennials and the 50+ age group drove gains in foodservice. For both groups, conservative spending behaviour is a defining characteristic.