Australia Agribusiness Market Report and Forecast 2025-2034

According to this report, the Australia agribusiness market size is projected to grow at a CAGR of 2.70% between 2025 and 2034. Aided by the growing demand for agricultural products and technological advancements in farming practices, the market is expected to grow significantly by 2034.

The Australia agribusiness market is characterised by a robust farming sector, a thriving food production industry, and a strong export base. Australia is one of the world's leading exporters of agricultural products, with key commodities including wheat, beef, wool, dairy, and wine. The country's well-developed agricultural infrastructure, including advanced technologies and research initiatives, plays a significant role in maintaining its competitive edge in the global agribusiness market.

The growing global population and increasing food demand are significant drivers for the Australia agribusiness market growth. As urbanisation progresses and diets evolve, especially in emerging economies, there is an increasing need for food products. Australia’s efficient and sustainable agricultural practices position the country as a key supplier to meet the growing global demand.

The adoption of innovative farming technologies such as precision farming, automation, and the use of artificial intelligence (AI) are transforming the agricultural landscape in Australia. These advancements allow farmers to optimise yields, reduce operational costs, and improve sustainability, ensuring the long-term growth of the agribusiness sector. Technologies such as drones, sensors, and data analytics are helping farmers make data-driven decisions, enhancing productivity and crop management. This is one of the key Australia agribusiness market trends.

Australia is a major player in the global agricultural export market, with significant demand for its products in Asia, Europe, and the Middle East. Key export commodities such as wheat, beef, sugar, and wine contribute substantially to the agribusiness revenue. The free trade agreements (FTAs) Australia has established with countries like China, Japan, and South Korea further support the sector’s export growth.

The growing emphasis on sustainability is favourably shaping the Australia agribusiness market dynamics. Australian farmers are increasingly adopting sustainable agricultural practices to ensure the long-term health of the land and the environment. The country’s focus on water conservation, soil health, and sustainable farming methods has made it an attractive destination for eco-conscious investors and consumers. This trend also aligns with the global shift towards more sustainable food systems, driving demand for sustainable products in both domestic and international markets.

The growing trend of plant-based diets is reshaping the market in Australia. There has been a significant increase in the demand for plant-based foods, including meat alternatives and dairy-free products. This has prompted Australian agribusinesses to explore new opportunities in producing plant-based food products, ranging from plant-based meats to dairy alternatives like oat milk and almond milk. The increase in veganism and vegetarianism is pushing agribusinesses to diversify their offerings to cater to changing consumer preferences. This is further accelerating the Australia agribusiness market development.

With the increasing reliance on digital tools, Australian agribusinesses are integrating digital technologies into every stage of farming and food production. The use of data analytics, IoT sensors, and cloud computing is helping farmers monitor their crops, livestock, and machinery in real time, improving operational efficiency and reducing waste. This trend is expected to expand as digital technologies continue to evolve, creating smarter and more sustainable farming practices. This is facilitating the Australia agribusiness market expansion.

As global food security becomes an increasing concern, Australian agribusinesses are prioritising traceability and transparency in their supply chains. Consumers are more interested in knowing the origins of their food, its production process, and the sustainability practices involved. Australian agribusinesses are responding by investing in traceability technologies, such as blockchain, to provide consumers with detailed information on the food products they purchase. This is creating a favourable Australia agribusiness market outlook.

Australia is seeing a growing trend of investment in agritech startups. These innovative companies focus on developing technologies that can improve productivity, address environmental challenges, and enhance food safety. Areas such as vertical farming, precision agriculture, and genetically modified crops are gaining traction, with Australian agribusinesses increasingly adopting these cutting-edge solutions to remain competitive in the global market.

The Australia agribusiness market value is poised for significant surge in the coming years, driven by increasing global food demand, technological advancements, and the country's strong export potential. Despite challenges such as climate change and labour shortages, the sector's commitment to sustainability and innovation will continue to support its expansion. With the right investment in agri-tech and a focus on sustainability, Australia is well-positioned to maintain its status as a global leader in agribusiness.

Market Segmentation

The market can be divided based on product, application, and region.

Market Breakup by Product

• Grains
• Livestock
• Oilseeds
• Dairy
• Others

Market Breakup by Application

• Agrichemicals
• Machinery and Equipment
• Breeding
• Seed Businesses

Market Breakup by Region

• New South Wales
• Victoria
• Queensland
• Australian Capital Territory
• Western Australia
• Others

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Australia agribusiness market. Some of the major players explored in the report are as follows:

• Australian Agricultural Company Limited
• Cargill Australia Ltd.
• Grain Crop Limited
• The North Australian Pastoral Company Pty Limited
• Bega Cheese Limited
• Saputo Dairy Australia Pty Ltd
• Elders Limited
• Others