Cured Meat and Smallgoods Manufacturing in Australia - Market Research Report (2014-2029)
Melbourne, Australia
Last Updated: March 2024
ANZSIC C1113Revenue
$4.3bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
8,709
Businesses
204
Wages
$XXX.Xm
Cured Meat and Smallgoods Manufacturing in Australia industry analysis
The Cured Meat and Smallgoods Manufacturing industry has faced many challenges over recent years. Manufacturers heavily rely on supermarkets and grocery stores. Sales of cured meats and smallgoods spiked during the pandemic as many customers engaged in panic-buying behaviour, heavily stocking up on food items. But rising costs and inflation are now cutting into sales for manufacturers as demand from supermarket and retailers weakens in 2023-24. Overall, industry revenue is expected to rise at an annualised 1.7% over the five years through to 2023-24, including an anticipated dip of 4.6% in the current year, to $4.3 billion.
Trends and Insights
- Shifting consumer attitudes have resulted in manufacturers adjusting their ranges of cured meat and smallgoods. Consumers are wanting more environmentally friendly meals, with more of a focus on protein and low fat content.
- Sales to the food-service sector have been recovering since the pandemic. Easing restrictions have allowed restaurants to resume normal operations, supporting sales of cured meat and smallgoods to this market.
- Manufacturers are evenly distributed across the country. As demand for industry products are nationwide, manufacturers are almost operating in every state and territory to stay close to key markets.
- Manufacturers struggle with handling supplier power. Supply chain for the industry can be affected by natural climate, restricting power for manufacturers to control price and meat supply.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 1.7 % over the past five years, to reach an estimated $4.3bn in 2024.
Trends and Insights
Manufacturers have been charging higher prices to bolster margins
- Purchase costs have a direct effect on revenue for cured meat and smallgoods manufacturers. When the price of meat and poultry rises, manufacturers can pass on these costs to consumers and increase product prices.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Developments in packaging are set to boost exports
- As exports are slated to climb in the coming years, companies have invested in developing packaging suited for exporting. Exports make up a minor but expanding share of revenue. This share has been restricted by the perishable nature of cured meat and smallgoods.
Biggest companies in the Cured Meat and Smallgoods Manufacturing in Australia
| Company | Market Share (%)
2024 | Revenue ($m)
2024 |
|---|---|---|
JBS Australia | 1,581.0 | |
George Weston Foods | 466.7 | |
D'Orsogna | 348.4 |
To view the market share and analysis for all 5 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Ham, Bacon and Salami and sausages. Ham is the largest segment of the Cured Meat and Smallgoods Manufacturing in Australia.
Trends and Insights
Rising health consciousness has constrained revenue from sausages and salami
- Cured sausages are made from fermented or air-dried meat. Products in this segment include salami, sausages, frankfurts, kabana, bratwurst and chorizo.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Meat Processing in Australia
- Poultry Processing in Australia
- Tea, Coffee and Other Food Manufacturing in Australia
Complementors
- Pig Farming in Australia
- Cooking Oil and Margarine Manufacturing in Australia
International industries
- Meat, Beef & Poultry Processing in the US
- Meat Jerky Production in the US
- Meat, Beef & Poultry Processing in Canada
- Cured Meat and Smallgoods Manufacturing in New Zealand
- Meat Product Manufacturing in the UK
Table of Contents
About this industry
Industry definition
Industry manufacturers primarily produce bacon, ham, smallgoods and other prepared meat products. Smallgoods usually refers to meat products where the meat has been manufactured to form a new product, like sausages; salamis; pates; and dried, roasted and preserved meat products. Smallgoods are made from pig meat, and other meats like poultry and beef.
What's included in this industry?
HamBaconSalami and sausagesSliced poultryMutton, pate and croquettesSilverside, pancetta and prosciuttoCompanies
JBS AustraliaGeorge Weston FoodsD'OrsognaPurchase this report to view all 5 major companies in this industry.
Related Terms
SMALLGOODSCORNED MEATABATTOIRIndustry Code
ANZSIC 1113 - Cured Meat and Smallgoods Manufacturing in Australia
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Shifting consumer attitudes have resulted in manufacturers adjusting their ranges of cured meat and smallgoods. Consumers are wanting more environmentally friendly meals, wit...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Sales to the food-service sector have been recovering since the pandemic. Easing restrictions have allowed restaurants to resume normal operations, supporting sales of cured ...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Manufacturers are evenly distributed across the country. As demand for industry products are nationwide, manufacturers are almost operating in every state and territory to st...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
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.
Analyst insights
Manufacturers struggle with handling supplier power. Supply chain for the industry can be affected by natural climate, restricting power for manufacturers to control price an...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Major company market concentration is expected to grow over 2023-24. Smaller companies are collapsing as major companies dominate and acquire smaller manufacturers.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of JBS Australia's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of George Weston Foods's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of D'Orsogna's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 2 additional companies
Detailed analysis
- Description and key data for JBS Australia, and factors influencing its performance in the industry
- Description and key data for George Weston Foods, and factors influencing its performance in the industry
- Description and key data for D'Orsogna, and factors influencing its performance in the industry
- Description, key data and performance trends for 2 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The domestic price of meat and poultry heavily influences profit margins. The prices of these inputs have been climbing over recent years, pushing up purchase costs.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Rising domestic prices for meat and poultry have been constraining profitability and pushing up purchase costs. Profit is linked to input prices as manufacturers can pass on ...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
- Australian Bureau of Statistics
- Australian Taxation Office
- Australian Securities & Investments Commission
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:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Cured Meat and Smallgoods Manufacturing industry in Australia in 2024?
The market size of the Cured Meat and Smallgoods Manufacturing industry in Australia is $4.3bn in 2024.
How many businesses are there in the Cured Meat and Smallgoods Manufacturing in Australia industry in 2024?
There are 204 businesses in the Cured Meat and Smallgoods Manufacturing industry in Australia, which has declined at a CAGR of 0.2 % between 2019 and 2024.
Has the Cured Meat and Smallgoods Manufacturing industry in Australia grown or declined over the past 5 years?
The market size of the Cured Meat and Smallgoods Manufacturing industry in Australia has been growing at a CAGR of 1.7 % between 2019 and 2024.
What is the forecast growth of the Cured Meat and Smallgoods Manufacturing industry in Australia over the next 5 years?
Over the next five years, the Cured Meat and Smallgoods Manufacturing industry in Australia is expected to grow.
What are the biggest companies in the Cured Meat and Smallgoods Manufacturing market in Australia?
The biggest companies operating in the Cured Meat and Smallgoods Manufacturing market in Australia are JBS Australia, George Weston Foods and D'Orsogna
What does the Cured Meat and Smallgoods Manufacturing in Australia include?
Ham and Bacon are part of the Cured Meat and Smallgoods Manufacturing industry.
Which companies have the highest market share in the Cured Meat and Smallgoods Manufacturing in Australia?
The company holding the most market share in Australia is JBS Australia.
How competitive is the Cured Meat and Smallgoods Manufacturing industry in Australia?
The level of competition is moderate and steady in the Cured Meat and Smallgoods Manufacturing industry in Australia.
