Pick of the crop: Overseas demand for the sector's high-quality products boosts revenue

IBISWorld’s Agribusiness market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.


Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Annual Growth
2013 - 2018
Annual Growth
2018 - 2023

Industry Threats & Opportunities

  • Overseas demand for high-value meat and dairy products has aided industry revenue growth
  • Many consumers in export markets have turned to Australia to meet strong demand for beef
  • Agricultural output volumes will likely increase, despite concerns over water availability

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    Industry Analysis & Industry Trends

    The Agribusiness sector is highly diverse and consists of operators involved in agricultural services or production across the food supply chain. Operators include primary producers of agricultural commodities, processors, manufacturers and wholesalers. Weather patterns have a strong influence on farm yields and input prices across the supply chain, and have contributed to varying revenue movements in each segment over the past five years. However, the diversity of operators in the sector has mitigated the effects of fluctuations at different times.

    Sector revenue is expected to grow at an annualised 2.1% over the five years through 2017-18, to $269.6 billion...

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    Industry Report - Industry Key Buyers Chapter

    Collectively, the Agribusiness sector displays low market share concentration, with the four largest players accounting for well below 40% of the market. Agriculture is a naturally fragmented sector because farms are never big enough to control any one market in which they operate. Additionally, the Agribusiness sector covers a variety of product segments, which makes it difficult for a single player to control a large portion of the overall sector. The corporatisation of farms and other agribusinesses has been a major feature of the sector over the past decade and is forcing operators to change the way they run their businesses. Major agribusinesses have become more vertically and horizontally integrated, diversifying their operations across many segments of the sector.


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    Additional Insights for the Agribusiness Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Agribusiness Industry are

  • Access to the latest available and most efficient technology and techniques
  • Economies of scale
  • Establishment of export markets
  • IBISWorld analysts also discuss how external factors such as Level of annual rainfall and Realised farm income in the Agribusiness industry impact industry performance..

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    Industry Products

    What is the Agribusiness Industry?

    The Agribusiness sector includes businesses that are directly engaged in, or directly benefit from, agricultural activities. All businesses in this sector produce agricultural commodities, are primary processors of agricultural produce, or supply goods and services to farms.

    Industry Products
    Fruit and vegetables
    Meat, livestock and fish
    Dairy products
    Poultry and eggs
    Grains and cereals
    Fibres and other crops
    Farm inputs and support
    Industry Activities
    Agricultural primary production
    Food processing
    Agricultural product wholesaling

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Level of annual rainfall
  • Realised farm income
  • Trade-weighted index
  • Domestic price of coarse grains
  • Domestic price of meat

  • Current Performance
  • Water availability
  • Global demand
  • Foreign interest
  • Sector structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Farm production
  • Globalisation trend
  • Sector structure
  • Table: Agribusiness Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Agribusiness Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Fresh Meat, Fish and Poultry Retailing
  • Fruit and Vegetable Retailing
  • Supermarkets and Grocery Stores
  • Convenience Stores

  • Key Selling Industries
  • Foreign Banks
  • National and Regional Commercial Banks
  • Rail Freight Transport
  • Road Freight Transport

  • Products & Services
  • Meat, livestock and fish
  • Grains and cereals
  • Farm inputs and support
  • Fruit and vegetables
  • Dairy products
  • Fibres and other crops
  • Poultry and eggs
  • Chart: Agribusiness Industry Products and Services Segmentation

  • Demand Determinants
  • Consumer-driven demand
  • External demand influences

  • Major Markets
  • Manufacturers and processors
  • Food retailers and food-service establishments
  • Export markets
  • Primary producers
  • Wholesalers
  • Supermarket chains
  • Other markets
  • Chart: Major Market Segmentation for the Agribusiness Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation, rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Agribusiness

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Agribusiness Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Agribusiness Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Agribusiness Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Farm Gate
  • Refers to primary producers. Farmgate prices are those received by the farmer for livestock or crops. Farmgate prices typically dictate purchase costs throughout the supply chain.
  • Genetically Modified (Gm) Crops
  • Crops that have had their genetic material artificially altered to fulfil a specific purpose.
  • Grain Feed
  • Minimally processed grain that is used specifically to feed domesticated livestock such as cattle and sheep.
  • Imputed Wage
  • The estimated labour input of the farm owner, their partner and/or family members, based on hours worked and wages outlined in the Federal Pastoral Industry Award.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Agribusiness:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Agribusiness market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Agribusiness, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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