Australia Plant-based Food and Beverages Market (2025-2031) | Trends, Forecast, Value, Segmentation, Outlook, Share, Size & Revenue, Competitive Landscape, Companies, Industry, Analysis, Growth

Market Forecast By Product Type (Meat Substitutes, Dairy Alternative Beverages, Non-dairy Ice Cream, Non-dairy Cheese, Non-dairy Yogurt, Non-dairy Spreads), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail Stores, Others) And Competitive Landscape
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 Plant-based Food and Beverages Market: Import Trend Analysis

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.

Australia Plant Based Food And Beverages Market Overview

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.

Drivers of the market

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.

Challenges of the market

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 in the Market

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.

Government Policy of the market

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.

Key Highlights of the Report:

  • Australia Plant-based Food and Beverages Market Outlook
  • Market Size of Australia Plant-based Food and Beverages Market, 2024
  • Forecast of Australia Plant-based Food and Beverages Market, 2031
  • Historical Data and Forecast of Australia Plant-based Food and Beverages Revenues & Volume for the Period 2021- 2031
  • Australia Plant-based Food and Beverages Market Trend Evolution
  • Australia Plant-based Food and Beverages Market Drivers and Challenges
  • Australia Plant-based Food and Beverages Price Trends
  • Australia Plant-based Food and Beverages Porter's Five Forces
  • Australia Plant-based Food and Beverages Industry Life Cycle
  • Historical Data and Forecast of Australia Plant-based Food and Beverages Market Revenues & Volume By Product Type for the Period 2021- 2031
  • Historical Data and Forecast of Australia Plant-based Food and Beverages Market Revenues & Volume By Meat Substitutes for the Period 2021- 2031
  • Historical Data and Forecast of Australia Plant-based Food and Beverages Market Revenues & Volume By Dairy Alternative Beverages for the Period 2021- 2031
  • Historical Data and Forecast of Australia Plant-based Food and Beverages Market Revenues & Volume By Non-dairy Ice Cream for the Period 2021- 2031
  • Historical Data and Forecast of Australia Plant-based Food and Beverages Market Revenues & Volume By Non-dairy Cheese for the Period 2021- 2031
  • Historical Data and Forecast of Australia Plant-based Food and Beverages Market Revenues & Volume By Non-dairy Yogurt for the Period 2021- 2031
  • Historical Data and Forecast of Australia Plant-based Food and Beverages Market Revenues & Volume By Non-dairy Spreads for the Period 2021- 2031
  • Historical Data and Forecast of Australia Plant-based Food and Beverages Market Revenues & Volume By Distribution Channel for the Period 2021- 2031
  • Historical Data and Forecast of Australia Plant-based Food and Beverages Market Revenues & Volume By Supermarkets/Hypermarkets for the Period 2021- 2031
  • Historical Data and Forecast of Australia Plant-based Food and Beverages Market Revenues & Volume By Convenience Stores for the Period 2021- 2031
  • Historical Data and Forecast of Australia Plant-based Food and Beverages Market Revenues & Volume By Online Retail Stores for the Period 2021- 2031
  • Historical Data and Forecast of Australia Plant-based Food and Beverages Market Revenues & Volume By Others for the Period 2021- 2031
  • Australia Plant-based Food and Beverages Import Export Trade Statistics
  • Market Opportunity Assessment By Product Type
  • Market Opportunity Assessment By Distribution Channel
  • Australia Plant-based Food and Beverages Top Companies Market Share
  • Australia Plant-based Food and Beverages Competitive Benchmarking By Technical and Operational Parameters
  • Australia Plant-based Food and Beverages Company Profiles
  • Australia Plant-based Food and Beverages Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the Australia Plant-based Food and Beverages Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Australia Plant-based Food and Beverages Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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

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