Australia Agribusiness Market

Australia Agribusiness Market Overview:

The Australia agribusiness market size reached USD 68.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 87.1 Billion by 2033, exhibiting a growth rate (CAGR) of 2.79% during 2025-2033. Technological advancements, growing demand for sustainable farming, export opportunities, government policies, climate change adaptation, increasing global food demand, advancements in supply chain logistics, and investment in ag-tech innovation and infrastructure development are some of the factors propelling the growth of the market.

Australia Agribusiness Market Trends:

Increase in Solar Installations

Australia is witnessing significant growth in agribusiness due to a shift toward sustainable agricultural practices through the adoption of ag-tech innovations. As environmental sustainability becomes a priority, partnerships between financial institutions and ag-tech companies are empowering farmers to reduce carbon emissions. By leveraging advanced tools like emissions calculators and scenario planners, farmers can better manage their environmental impact. These technologies not only help in meeting carbon reduction goals but also improve overall efficiency and long-term viability in agriculture. The increasing integration of sustainable practices in agribusiness is driving a future-focused approach, enhancing both productivity and environmental responsibility within the sector. This move signals a broader commitment to sustainability and innovation, ensuring that Australian farmers stay competitive in an increasingly eco-conscious global market. For example, in May 2024, the Agribusiness CEO Summit convened over 40 agribusiness leaders in Sydney to discuss key priorities for the sector. Hosted by KPMG and supported by corporate members, including Elders and BDO in Australia, the summit emphasized collaboration and strategic planning.

Sustainability through Ag-Tech Innovations

In Australia, the agribusiness market is increasingly focusing on sustainability, with a growing emphasis on using ag-tech solutions to reduce carbon emissions. Advanced tools, such as emissions calculators and scenario planners, are being integrated into farming operations, enabling farmers to track and manage their environmental impact. These technologies not only support efforts to meet carbon reduction targets but also enhance operational efficiency. This shift reflects a broader movement within the industry towards sustainable farming practices, combining technology with environmental responsibility. By adopting such innovations, Australian farmers can improve their productivity while contributing to global sustainability goals. As the industry evolves, these solutions are becoming essential for farmers seeking to maintain competitiveness and align with evolving regulatory standards. For instance, in May 2024, the Commonwealth Bank of Australia announced a strategic partnership with ag-tech company Ruminati. This collaboration would provide CBA's agribusiness customers access to Ruminati's emissions calculator and scenario planner, supporting efforts to reduce carbon emissions and enhance sustainability in agriculture.

Australia Agribusiness Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on product and application.

Product Insights:

• Grains and Cereals
• Dairy
• Oilseeds
• Livestock
• Others

The report has provided a detailed breakup and analysis of the market based on the product. This includes grains and cereals, dairy, oilseeds, livestock, and others.

Application Insights:

• Agrichemicals
• Seed Business
• Breeding
• Machinery and Equipment

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes agrichemicals, seed business, breeding, and machinery and equipment.

Regional Insights:

• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia

The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Australia Agribusiness Market News:

• In January 2025, the Australian government planned to invest an additional USD 20 Million in the On Farm Connectivity Program (OFCP) to enhance ag-tech adoption among farmers. This initiative aims to address connectivity gaps, boosting productivity and sustainability. The program provides rebates for technology, helping farmers implement smarter solutions, optimize resources, and improve efficiency.
• In November 2024, Elders Limited entered into an agreement to acquire Delta Agribusiness for USD 475 Million. Delta operates 68 locations and serves approximately 40 independent wholesale customers. The acquisition aims to enhance Elders' capabilities and expand its presence in key rural markets. Completion is expected in the first half of 2025.

Australia Agribusiness Market Report Coverage:

Key Questions Answered in This Report:

• How has the Australia agribusiness market performed so far and how will it perform in the coming years?
• What is the breakup of the Australia agribusiness market on the basis of product?
• What is the breakup of the Australia agribusiness market on the basis of application?
• What are the various stages in the value chain of the Australia agribusiness market? 
• What are the key driving factors and challenges in the Australia agribusiness market?
• What is the structure of the Australia agribusiness market and who are the key players?
• What is the degree of competition in the Australia agribusiness market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia agribusiness market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia agribusiness market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia agribusiness industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.