Australia Red Meat Market Report and Forecast 2024-2032

Australia Red Meat Market Outlook 

The Australia red meat market size reached USD 23.03 billion in 2023. The market is expected to grow at a CAGR of 4.18% between 2024 and 2032, reaching almost USD 32.94 billion by 2032.

Key Takeaways:    

• As per the Department of Agriculture, Fisheries, and Forestry, the total export volume of red meat to 57 different markets reached 45,752,060 tonnes by March 7, 2024.

• The Australia Bureau of Statistics reported a 4.1% increase in cattle slaughtered during the December 2023 quarter, reaching 1.9 million. Beef production also rose by 3.3% during the same period, reaching 583,667 tonnes.

• The Australia Bureau of Statistics noted a 1.4% rise in the gross value of pigs slaughtered, reaching $438.8 million in 2023 compared to 2022 thus boosting the Australia red meat market. 

Beef contributes to the Australia red meat market growth due to its versatility in cooking, suitable for a range of dishes from traditional stews and curries to grilled or roasted options, meeting diverse culinary preferences

Beef offers a range of cuts to suit various preferences, providing high-quality protein and essential nutrients. Its versatility in cooking, global popularity, and reliable supply contribute to consistent market demand.

MEAT & Livestock Australia introduced the Carbon EDGE initiative for Australian red meat producers, expanding the renowned EDGE network training. This included programs such as Business EDGE, Breeding EDGE, Nutrition EDGE, and Grazing Land Management EDGE. The industry emphasized achieving carbon neutrality by 2030 through emission reduction and carbon storage techniques.

Mutton provides a strong, flavorful taste and is packed with protein, iron, zinc, and B vitamins. Its adaptability to various dishes, cultural importance, and ability to become tender and juicy when cooked properly satisfy consumers.

Market Segmentation

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

Market Breakup by Type  

• Mutton 

• Beef 

• Pork 

• Others

Market Breakup by Form  

• Fresh / Chilled 

• Canned 

• Processed 

• Frozen 

• Others

Market Breakup by Distribution Channel  

• Hypermarkets/Supermarkets 

• Specialty Stores

• Online Channels

• Others

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Australian Capital Territory

• Western Australia

• Others

The Australia red meat market key players are Junee Prime Lamb, Dorper Lamb, The Gourmet Goat Lady, Remesis Group Pty Ltd., Western Meat Exporters Pty Ltd., Victoria Hill Lamb, Mastlink Australia, Ausgoat Pty Ltd., and Australian Meat Emporium among others.

Key Highlights of the Report