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Value forecast of plant-based meat sector exports from Australia FY 2030, by scenario

Forecasted value of plant-based meat sector exports from Australia in financial year 2030, by prediction scenario

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Source

Release date

March 2021

Region

Australia

Survey time period

2020

Supplementary notes

Scenario 1: Conscious consumers’ choice, in which the Australian plant-based meat sector grows conservatively between 2020 and 2030. Australians, would, on average consume 2.4kg of plant-based meat products each year,2 most of which would be imported. But conventional meat would remain the primary choice for most consumers.

Scenario 2: Popular and accessible alternative, where the Australian plant-based meat sector maintains strong growth. In this scenario, with an increase in consumers identifying as ‘flexitarian’, per capita consumption would rise to 6.1kg of plant-based meat per year.3 Most of this demand would be met by domestic manufacturing.

Scenario 3: Mass-market commodity, which was modelled such that the popularity of the plant-based meat category accelerates rapidly through to 2030. A decline in conventional meat consumption would reflect more consumers eating meat alternatives as a dietary staple, with the average Australian consuming 15.5kg of plant-based meat.

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Statistics on "Plant-based food market in Australia "

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