$6.4bn
$XXX.Xm
11,423
683
$XXX.Xm
Processors are facing substantial challenges both on the supply and demand fronts, primarily caused by an acceleration in imported goods and intense pricing competition. Supermarkets’ strategy of sourcing inexpensive private-label goods from overseas manufacturers is imposing significant pressure on domestic processors, which in turn constrains industry revenue. Simultaneously, the industry is grappling with severe competition from a surge of imports generally, notably from China, that’s undercutting domestic prices. Nevertheless, changes in consumer behaviour offer some reprieve. A rising preference for ready-to-eat and health-conscious products has been driving demand. Supermarkets like Woolworths that’ve managed to tap into these trends are providing considerable assistance to industry processors. Even so, the industry's revenue is expected to fall by 2.0% this year, reaching $6.4 billion. This has contributed to an anticipated annualised dip of 0.3% over the five years through 2023-24.
Industry revenue has declined at a CAGR of 0.3 % over the past five years, to reach an estimated $6.4bn in 2023.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Simplot Australia | 1,022.4 | |
Kraft Heinz | 711.6 | |
SPC Global | 238.5 |
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Industry revenue is measured across several distinct product and services lines, including Frozen, packaged and pickled vegetables, Sauces and condiments and Frozen, dried and shelf-stable fruit. Frozen, packaged and pickled vegetables is the largest segment of the Fruit and Vegetable Processing in Australia.
Growing consumer interest and rising ingredient costs have supported revenue from sauces and condiments
Industry operators primarily can, bottle, preserve, quick-freeze or dry fruit and vegetables. Industry products include dehydrated vegetable products, soups, sauces, pickles, mixed meat and vegetable products, and non-milk-based baby foods. The industry does not include sun-dried products.
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ANZSIC 1140 - Fruit and Vegetable Processing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
A surge in imported goods and intense competition present significant challenges for domestic processors, affecting their revenue streams. However, evolving consumer preferen...
Learn about an industry's products and services, markets and trends in international trade.
The sauce and condiment segment has been growing. Heightened consumer interest in diverse flavours, home cooking and expanding demand for natural and organic products have fu...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Proximity to high-population areas allows industry processors to lower transport costs and maintain product freshness while responding effectively to market trends. Most of t...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The industry's diverse structures and product ranges drive competition and innovation, resulting in low market share concentration. Small-scale processors align offerings wit...
Learn about the performance of the top companies in the industry.
Simplot is investing heavily in its infrastructure and expanding farmland for improved efficiency and growth. Moreover, its acquisition of Agronico in 2023 strengthens its po...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Supermarket and grocery store demand dictate the activity seen among fruit and vegetable processors. This trend will gradually diminish over time, as competition from imports...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The industry's transition to capital-intensive operations, through automating processes like high-speed sorting and peeling, has reduced workforce needs. Consequently, this s...
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Fruit and Vegetable Processing industry in Australia is $6.4bn in 2024.
There are 683 businesses in the Fruit and Vegetable Processing industry in Australia, which has grown at a CAGR of 2.2 % between 2018 and 2023.
The market size of the Fruit and Vegetable Processing industry in Australia has been declining at a CAGR of 0.3 % between 2018 and 2023.
Over the next five years, the Fruit and Vegetable Processing industry in Australia is expected to decline.
The biggest companies operating in the Fruit and Vegetable Processing market in Australia are Simplot Australia, Kraft Heinz and SPC Global
Soups and Frozen, dried and shelf-stable fruit are part of the Fruit and Vegetable Processing industry.
The company holding the most market share in Australia is Simplot Australia.
The level of competition is high and increasing in the Fruit and Vegetable Processing industry in Australia.