| Product Code: ETC6188430 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Australia`s import trend for plant-based food and beverages experienced a significant decline from 2023 to 2024, with a growth rate of -79.68%, and a compound annual growth rate (CAGR) of -42.51% for the period 2020-2024. This decline could be attributed to shifting consumer preferences, changing trade policies, or market saturation impacting import momentum in the plant-based food and beverage sector.
The plant-based food and beverages market in Australia includes a wide range of products such as dairy alternatives, meat analogs, beverages, and snacks. Consumer demand for clean-label, natural, and allergen-free options is propelling growth, supported by retail expansion and product innovation across the country.
The plant-based food and beverages market is broad and rapidly evolving in Australia, driven by changing consumer preferences towards health, wellness, and sustainability. Product innovation spans dairy alternatives, meat substitutes, beverages, snacks, and ready meals. Functional ingredients and fortified products with added vitamins, minerals, and protein enhance appeal, supported by strong marketing and distribution channels.
This market is challenged by the need to innovate across multiple categories while maintaining consistent quality and affordability. Consumer skepticism about processing methods and additives can limit acceptance. Market fragmentation and competition from traditional food sectors add further complexity to growth.
Investment opportunities span a wide range of plant-based food and beverage products including dairy alternatives, protein drinks, and functional beverages. Innovation in natural flavors, nutritional fortification, and sustainable packaging attract a diverse customer base. Strategic partnerships with retail chains, hospitality sectors, and export channels to meet the rising plant-based trend globally enhance returns.
The government supports plant-based food and beverage innovation through grants and research funding. Policies promoting healthy eating, sustainability, and animal welfare align with increased consumer interest in plant-based options. Strict food safety and labeling standards ensure products meet health regulations and help build consumer trust.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Plant-based Food and Beverages Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Plant-based Food and Beverages Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Plant-based Food and Beverages Market - Industry Life Cycle |
3.4 Australia Plant-based Food and Beverages Market - Porter's Five Forces |
3.5 Australia Plant-based Food and Beverages Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Australia Plant-based Food and Beverages Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Australia Plant-based Food and Beverages Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing health consciousness among consumers |
4.2.2 Growing awareness about environmental sustainability |
4.2.3 Rising prevalence of lactose intolerance and food allergies |
4.3 Market Restraints |
4.3.1 Higher prices of plant-based products compared to conventional alternatives |
4.3.2 Limited availability and variety of plant-based options in certain regions |
5 Australia Plant-based Food and Beverages Market Trends |
6 Australia Plant-based Food and Beverages Market, By Types |
6.1 Australia Plant-based Food and Beverages Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Australia Plant-based Food and Beverages Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Australia Plant-based Food and Beverages Market Revenues & Volume, By Meat Substitutes, 2021- 2031F |
6.1.4 Australia Plant-based Food and Beverages Market Revenues & Volume, By Dairy Alternative Beverages, 2021- 2031F |
6.1.5 Australia Plant-based Food and Beverages Market Revenues & Volume, By Non-dairy Ice Cream, 2021- 2031F |
6.1.6 Australia Plant-based Food and Beverages Market Revenues & Volume, By Non-dairy Cheese, 2021- 2031F |
6.1.7 Australia Plant-based Food and Beverages Market Revenues & Volume, By Non-dairy Yogurt, 2021- 2031F |
6.1.8 Australia Plant-based Food and Beverages Market Revenues & Volume, By Non-dairy Spreads, 2021- 2031F |
6.2 Australia Plant-based Food and Beverages Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Australia Plant-based Food and Beverages Market Revenues & Volume, By Supermarkets/Hypermarkets, 2021- 2031F |
6.2.3 Australia Plant-based Food and Beverages Market Revenues & Volume, By Convenience Stores, 2021- 2031F |
6.2.4 Australia Plant-based Food and Beverages Market Revenues & Volume, By Online Retail Stores, 2021- 2031F |
6.2.5 Australia Plant-based Food and Beverages Market Revenues & Volume, By Others, 2021- 2031F |
7 Australia Plant-based Food and Beverages Market Import-Export Trade Statistics |
7.1 Australia Plant-based Food and Beverages Market Export to Major Countries |
7.2 Australia Plant-based Food and Beverages Market Imports from Major Countries |
8 Australia Plant-based Food and Beverages Market Key Performance Indicators |
8.1 Number of new plant-based product launches in the market |
8.2 Percentage increase in plant-based food consumption per capita |
8.3 Growth in the number of plant-based food and beverage companies entering the market |
9 Australia Plant-based Food and Beverages Market - Opportunity Assessment |
9.1 Australia Plant-based Food and Beverages Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Australia Plant-based Food and Beverages Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Australia Plant-based Food and Beverages Market - Competitive Landscape |
10.1 Australia Plant-based Food and Beverages Market Revenue Share, By Companies, 2024 |
10.2 Australia Plant-based Food and Beverages Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |