Australia: meat substitutes market revenue 2019-2029

The revenue in the 'Meat Substitutes' segment of the food market in Australia was forecast to continuously increase between 2024 and 2029 by in total 62.7 million AUD (AU$) (+53.52 percent). After the tenth consecutive increasing year, the revenue is estimated to reach 179.82 million AUD (AU$) and therefore a new peak in 2029. Notably, the revenue of the 'Meat Substitutes' segment of the food market was continuously increasing over the past years.

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Revenue of the meat substitutes market in Australia from 2019 to 2029 (in million Australian dollars)

Characteristic	Revenue in million Australian dollars
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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

The Meat Substitutes market covers all types of meat-like products that approximate certain aesthetic qualities (primarily texture, flavor, and appearance) or chemical characteristics of a specific meat. The Meat Substitutes market includes plant-based meat and vegetarian meat. Plant-based meat includes meat made from plants, such as soybeans (and other legumes), wheat gluten, lentils, tofu, yuba, tempeh, and a variety of nuts. Vegetarian meat contains non-vegan ingredients, such as egg and dairy. Examples of meat substitutes included in this segment are plant-based and vegetarian meat in the form of nuggets, minced meat, burger patties, sausages, and the like.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram). The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption, out-of-home consumption is not included.

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