The market is dominated by domestic suppliers, as imports account for 40.5% of total market size in 2023. Households drive market demand, with household spending representing 71.6% of total demand in 2023. Australia has the 11th largest market size for coffee, tea, spices and ready meals across the top 20 developed countries, with demand reaching USD9.8 billion in 2023. Mars Wrigley Australia Holdings Pty Ltd is the largest company in Australia, generating 18.7% of the industry’s total production value in 2023. The industry is concentrated, with the top five companies generating 81.3% of total production value in 2023. The total number of companies increases in 2023, to 1,884 units. The costs of the industry increase by 1.9% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 14.1% of production value in 2023, the fifth highest across the top 20 developed countries. The industry’s exports share increases in 2023 to 18.2% of total production output. With production value of USD6.1 billion, Australia accounts for 67.9% of the Australasia total in 2023.
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This Euromonitor industrial report provides unique information on Coffee, Tea, Spices and Ready Meals in Australia: ISIC 1549. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Coffee, Tea, Spices and Ready Meals in Australia: ISIC 1549 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of food, beverages, and tobacco products.
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