Base Year
Historical Year
Forecast Year
Value in AUD billion
2024-2032
Australia Food and Beverage Market Outlook
*this image is indicative*
The Australia food and beverage market share is driven by conventional products
The Australian food and beverage market is growing due to the widespread availability of conventional products in a variety of options at supermarkets, hypermarkets, grocery stores, and other retail outlets. These products are convenient and affordable to consumers as they are widely available. Over the period, there has been increasing change in consumer preferences and behaviours which led to the growing demand for organic food and beverage products as they are perceived as healthier, safer, and more environmentally friendly thus boosting the Australia food and beverage market growth.
Consumers seek out healthier, environmentally sustainable alternatives to maintain overall health. According to the Australian Bureau of Statistics (ABS), the percentage change in the consumption of dairy milk substitutes (unflavoured) increased by 14.6% in 2020-21 from 2019-20.
| Australia Food and Beverage Market Summary | Description | Value |
| Base Year | AUD Billion | 2023 |
| Historical period | AUD Billion | 2018-2023 |
| Forecast Period | AUD Billion | 2024-2032 |
| Market Size 2023 | AUD Billion | 133.5 |
| Market Size 2032 | AUD Billion | 195.6 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 4.3% |
| CAGR 2024-2032 - Market by Region | Australian Capital Territory | 4.9% |
| CAGR 2024-2032 - Market by Region | Others | 4.5% |
| CAGR 2024-2032 - Market by Nature | Organic | 4.8% |
| CAGR 2024-2032 - Market by Distribution Channel | Online | 4.8% |
| Market Share by Region | New South Wales | XX% |
The growth of the Australia food and beverage industry has led to the adoption of automation and robotics technologies in production, aiding in the resolution of labor and skills shortages. . For instance- The Australian leader in industrial automation services, fast automation creates automation projects for the food and beverage industry and has now become ABB Robotics Australia’s newest Authorized Value Provider (AVP).
Australia Food and Beverage Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Nature
Market Breakup by Process
Market Breakup by Distribution Channel
Market Breakup by Region
Processed food and beverage products are widely available and often offer convenience, longer shelf life, and consistent quality, catering to the busy lifestyles and diverse preferences of consumers. Processed foods include items like packaged snacks, canned goods, ready-to-eat meals, and beverages, which are popular due to their ease of preparation and accessibility.
| CAGR 2024-2032 - Market by | Region |
| Australian Capital Territory | 4.9% |
| Others | 4.5% |
| Queensland | 3.9% |
| New South Wales | XX% |
| Victoria | XX% |
| Western Australia | XX% |
The growth of the food and beverage market is fuelled by increasing changes in consumer behaviour and preferences, shifting dietary guidelines, growing health concerns, and lifestyle choices.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!
The Australia food and beverage market was valued at AUD 133.45 billion in 2023.
The market is projected to grow at a CAGR of 4.34% between 2024 and 2032.
The revenue generated from the market is expected to reach AUD 195.60 billion in 2032.
Based on the type, the food and beverage market is bifurcated into fruits and vegetables, meat, fish, and poultry, dairy products, frozen and processed foods, coffee and tea, non-dairy beverages, alcoholic beverages and others.
Key players in the industry are Nestlé SA, PepsiCo Inc., JBS SA, Tyson Foods, Inc., Anheuser-Busch InBev SA, General Mills, Inc., The Coca-Cola Company, Mars, Incorporated, Mondelēz International, Inc., and Asahi Group Holdings, Ltd. among others.
Based on nature, the food and beverage market is divided into organic and conventional.
The different distribution channels in the food and beverage market include supermarkets and hypermarkets, convenience stores, online and others.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| Report Features | Details |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Nature |
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| Breakup by Process |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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