Australia Food and Beverage Market Size and Share Outlook: Forecast Trends and Growth Analysis Report (2024-2032)

The Australia food and beverage market share is driven by conventional products.

Conventional food and beverage products are widely available in various options in supermarkets and hypermarkets, grocery stores and other 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.

The developments in the Australia food and beverage market have led to the integration of automation and robotics technologies in manufacturing food and beverage products to assist in labour and skills shortage challenges. 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 Share

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.

Leading Companies in the Australia Food and Beverage Market

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.

• 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.
• Asahi Group Holdings, Ltd.