The sales of plant-based meat in Australia's food service sector experienced growth of nearly 59 percent between the financial year 2020 and 2023. Compared to 2020, plant-based meat retail sales across the country had contracted by around 1.1 percent.
Compound average growth rate (CAGR) of plant-based meat sales in Australia between financial year 2020 and 2023
Characteristic
Compound average growth rate
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The food service sales figures represent the food service sectors’ wholesale spend on plant-based meat products from a manufacturer or distributor, and does not represent the consumer spend on plant-based meat products from food service outlets.
Australia's financial year runs from July 1 to June 30; for example, financial year 2017 starts on July 1, 2016, and ends on June 30, 2017.
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Food Frontier. (April 24, 2024). Compound average growth rate (CAGR) of plant-based meat sales in Australia between financial year 2020 and 2023 [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1465061/australia-plant-based-meat-sales-growth-by-sales-channel/
Food Frontier. "Compound average growth rate (CAGR) of plant-based meat sales in Australia between financial year 2020 and 2023." Chart. April 24, 2024. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1465061/australia-plant-based-meat-sales-growth-by-sales-channel/
Food Frontier. (2024). Compound average growth rate (CAGR) of plant-based meat sales in Australia between financial year 2020 and 2023. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1465061/australia-plant-based-meat-sales-growth-by-sales-channel/
Food Frontier. "Compound Average Growth Rate (Cagr) of Plant-based Meat Sales in Australia between Financial Year 2020 and 2023." Statista, Statista Inc., 24 Apr 2024, https://www.statista.com/statistics/1465061/australia-plant-based-meat-sales-growth-by-sales-channel/
Food Frontier, Compound average growth rate (CAGR) of plant-based meat sales in Australia between financial year 2020 and 2023 Statista, https://www.statista.com/statistics/1465061/australia-plant-based-meat-sales-growth-by-sales-channel/ (last visited August 25, 2024)
Compound average growth rate (CAGR) of plant-based meat sales in Australia between financial year 2020 and 2023 [Graph], Food Frontier, April 24, 2024. [Online]. Available: https://www.statista.com/statistics/1465061/australia-plant-based-meat-sales-growth-by-sales-channel/