Australia Meat Substitutes Market Size & Outlook

The meat substitutes market in Australia is expected to reach a projected revenue of US$ 5,482.5 million by 2030. A compound annual growth rate of 53.4% is expected of Australia meat substitutes market from 2024 to 2030.
Revenue, 2023 (US$M)
$273.9
Forecast, 2030 (US$M)
$5,482.5
CAGR, 2024 - 2030
53.4%
Report Coverage
Australia

Australia meat substitutes market highlights

  • The Australia meat substitutes market generated a revenue of USD 273.9 million in 2023 and is expected to reach USD 5,482.5 million by 2030.
  • The Australia market is expected to grow at a CAGR of 53.4% from 2024 to 2030.
  • In terms of segment, plant-based protein was the largest revenue generating source in 2023.
  • Mycoprotein is the most lucrative source segment registering the fastest growth during the forecast period.

Meat substitutes market data book summary

Market revenue in 2023USD 273.9 million
Market revenue in 2030USD 5,482.5 million
Growth rate53.4% (CAGR from 2023 to 2030)
Largest segmentPlant-based protein
Fastest growing segmentMycoprotein
Historical data2017 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPlant-based Protein, Mycoprotein, Soy-based
Key market players worldwideBeyond Meat Inc, Monde Nissin Corp Ordinary Shares, WK Kellogg Co, Unilever PLC, Tyson Foods Inc Class A, Amy's Kitchen, Impossible Foods, Meatless, VBites, Sunfed Meats

Other key industry trends

  • In terms of revenue, Australia accounted for 1.5% of the global meat substitutes market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China meat substitutes market is projected to lead the regional market in terms of revenue in 2030.
  • Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,482.5 million by 2030.

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Meat Substitutes Market Scope

Meat substitutes market segmentation & scope
Plant-based Protein
Mycoprotein
Soy-based
Others
Retail
Foodservice

Meat Substitutes Market Companies

Name Profile # Employees HQ Website

Australia meat substitutes market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to meat substitutes market will help companies and investors design strategic landscapes.


Plant-based protein was the largest segment with a revenue share of 75.94% in 2023. Horizon Databook has segmented the Australia meat substitutes market based on plant-based protein, mycoprotein, soy-based covering the revenue growth of each sub-segment from 2017 to 2030.


  • Australia Meat Substitutes Source Outlook (Revenue, USD Million, 2017-2030)
    • Plant-based Protein
    • Mycoprotein
    • Soy-based
    • Others
  • Australia Meat Substitutes Distribution Channel Outlook (Revenue, USD Million, 2017-2030)
    • Retail
    • Foodservice

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Target buyers of Australia meat substitutes market databook

  • Our clientele includes a mix of meat substitutes market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia meat substitutes market , including forecasts for subscribers. This country databook contains high-level insights into Australia meat substitutes market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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Australia meat substitutes market size, by source, 2017-2030 (US$M)

Australia Meat Substitutes Market Outlook Share, 2023 & 2030 (US$M)

Australia meat substitutes market size, by source, 2017-2030 (US$M)

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