Australia’s plant-based meat sales surged 47 percent, while per capita consumption increased 28 percent, between 2020 and 2024, according to Food Frontier in its State of the Industry report.
The report evaluated the current state of the plant-based meat manufacturing industry, reflecting its economic contributions, and potential future.
According to Deloitte Access Economics, total plant-based meat sales reached $272.5 million (US$178.94 million) last year. This is equivalent to a compound average growth rate (CAGR) of 14 percent since the 2020 financial year.
The plant-based meat industry contributed a total value-add of $45.8 million to the Australian economy, and provided 477 full-time equivalent jobs. Specifically, the industry contributed the most to the state economies of New South Wales ($21 million), Queensland ($12 million), and Victoria ($10.9 million)....
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