Australia Copra Meal Market Report and Forecast 2024-2032

Australia Copra Meal Market Outlook

The Australia copra meal market size is expected to grow at a CAGR of 3.7% between 2024 and 2032.

Key Takeaways

• In 2022, Australia was the world's top exporter of sheepmeat and goatmeat, and the fourth largest exporter of beef, trailing Brazil, India, and the United States.

• Australian beef exports reached 855,000 tonnes, lamb exports hit a record 284,257 tonnes, while mutton exports rose by 2%.

• In Australia, live cattle exports declined by 22%, with Indonesia being the primary destination.

Copra, derived from coconut husks, is a valuable feed ingredient used widely in animal nutrition. After removing the husk and drying the coconut flesh, copra meal is produced, rich in nutrients that enhance animals' immune systems and contribute to high-quality milk and meat production. It serves as a nutritious fodder for various animals such as horses, cattle, sheep, poultry, and pigs, offering protein ideal for animal fattening. The growing demand for copra meal in the animal feed industry is driven by its nutritional benefits and suitability for organic farming practices thus, driving the Australia copra meal market growth.

Amid global challenges such as the pandemic and geopolitical tensions, logistical disruptions have affected feed ingredient availability, leading to price surges in the market. In response, protein-enriched copra meal (PECM) is being explored as a viable alternative to imported soybean-based feed, offering benefits for feed manufacturers, animal producers, and consumers. The increasing demand for animal products further fuels the adoption of copra meal, contributing to the growth of the animal feed market.

Copra meal's nutritional advantages, including its protein content and dietary fibre, make it an attractive choice for animal diets, promoting digestion and gut health while enhancing animal performance. Additionally, copra meal's role in stabilising the immune system and improving feed conversion efficiency underscores its significance in animal nutrition. The rise in meat production, particularly in pork and poultry, underscores the importance of copra meal as a feed ingredient due to its protein-enhancing properties and immune-boosting effects on animals driving the Australian copra meal market development.

Market Segmentation

Australia Copra Meal Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Organic Copra Meal

• Synthetic Copra Meal

Market Breakup by End-Use

• Horses

• Cattle

• Others

Market Breakup by Distribution Channel

• Offline

• Online

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Western Australia

• Australian Capital Territory

• Others

Competitive Landscape

Key players in the copra meal in Australia manufacture and provide products to support the end-users.

• Compass Feeds Pty Ltd

• Stance Agricultural Pty Ltd.

• Energreen Nutrition Australia Pty Ltd.

• VVRS Australia Pty. Ltd.

• Riverina (Australia) Pty Limited

• Others

Key Highlights of the Report