Australia meat market is growing at a high rate because of the increasing consumer awareness towards the health benefits of various types of meat consumption along with expansion in poultry farms due to the high demand for chicken meat and pork in the local market ID: 904173
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Australia Meat Market, By Type, Trend Analysis, Competitive Market Share & Forecast, 2021-2027
Slide2Australia Meat Market- Industry Trends & Forecast Report 2027A recent study conducted by the strategic consulting and market research firm, BlueWeave
Consulting
, revealed that the Australia meat market is estimated to grow at a CAGR of 2.1%. The market is registering significant growth owing to factors such as increasing health-conscious consumers and the health benefits meat consumption offers to the human body, along with the growing local production of various types of meats, such as red meat, poultry, etc., which is fueling the accessibility of fresh as well as frozen meat for consumers. Furthermore, the flourishing tourism sector and attraction of tourists towards Australian local dishes are also driving the demand for meat, propelling its market growth.
Slide3Growth Drivers High Number of Health-Conscious ConsumersThe increasing number of health-conscious consumers is one of the major driving factors boosting the demand for meat in Australia. Meat and poultry products are considered great sources of proteins. They provide a lot of necessary nutrients a human body needs, such as iodine, zinc, vitamins like B12, and essential fatty acids. The high and increasing younger population needs heavy sources of proteins for fulfilling their body-building needs, due to which, the demand for meat is gaining significant traction in Australia.
Slide4Restraints Increasing Adoption of Vegan LifestyleAs consumers gain a greater awareness of the side effects of meat consumption, especially among young people, they are more inclined to adapt a vegan lifestyle. This is emerging as the major cause of concern for the meat industry in Australia. The vegan meat companies are entering the market seeking to exploit this opportunity and launching a wide range of plant-based meat made from various ingredients, such as soybeans, lentils, peas, etc. This is attracting not only vegan consumers but also regular meat-eaters as well
.
Slide5Impact of COVID-19The sudden outbreak of the COVID-19 pandemic negatively impacted the growth of the Australia meat market. Various factors, such as disruptions in supply chains, food safety issues due to media coverage, temporary shutdown of restaurants, and other food joints have directly affected the demand for meat in Australia. The imports of meat were also barred due to safety issues and the spread of the virus. In addition, consumers were very concerned about meat consumption due to an increased awareness of zoonotic
diseases, which halted the growth of the Australian meat market.
Slide6Australia Meat Market - By Distribution ChannelBased on the distribution channels, the Australia meat market is segmented into on-trade and off-trade. The off-trade segment is further classified into supermarkets/hypermarkets, specialty stores, online stores, and others. The supermarkets/hypermarkets segment accounts for the largest market share because of the easy availability of a wide range of products and a high number of such stores in the region. However, the online store segment is projected to witness a substantial share in the market because of the increasing number of online websites that sell meat in Australia
.
Slide7Recent Developments The leading players in the Australia meat market are Australian Meat Company, Australian Meat Group, Samex Australian Meat Group, Meat and Livestock Australia, JBS Food Australia, Industry Park Pty Ltd, Teys
Australia Pty Ltd., Thomas Foods International Consolidated Pty Limited, Tip Top Meats, Beef Producers Australia, Australian Agricultural Company, and other prominent players.
Sample Copy of the Report:https://www.blueweaveconsulting.com/report/australia-meat-market/report-sample
Slide8Key PlayersAustralian Meat Company, Australian Meat Group, Samex Australian Meat Group, Meat and Livestock Australia, JBS Food Australia, Industry Park Pty Ltd, Teys
Australia Pty Ltd, Thomas Foods International Consolidated Pty Limited, Tip Top Meats, Beef Producers Australia, Australian Agricultural Company, and other prominent players.
Slide9About Us: Blueweave Consulting offers a one-stop solution for your market intelligence needs for any service or product. You get well-researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well-informed and timely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk-return trade-off.
Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavors successful.
Slide10Contact Us:
+1 866 658 6826
+1 425 320 4776 +44 1865 60 0662 info(@)blueweaveconsulting.com www.blueweaveconsulting.com