$1.2bn
$XXX.Xm
3,359
529
$XXX.Xm
The Food Processing Machinery Manufacturing industry has exhibited modest growth in recent years. The industry's performance depends on activity among downstream food and beverage manufacturers and their capital investment in equipment and machinery. The major markets for food processing machinery include meat and seafood processors, beverage manufacturers, bakeries, dairy product manufacturers, and fruit and vegetable processors.Revenue has been positively affected by strong demand for food processing machinery in the largest downstream market: meat and seafood processors. Accelerating demand for chicken has led to a surge in demand from meat and seafood processors. Moreover, an upturn in private capital expenditure on machinery and equipment and food product manufacturing contributed to a rise in revenue. Nevertheless, driven by growing health consciousness, weak demand for food processing machinery in key downstream markets like beverage and dairy manufacturers has constricted revenue growth. COVID-19 pandemic lockdowns propelled demand for groceries, which led to revenue growth opportunities for food processing machinery manufacturers over the two years through 2020-21. Revenue is expected to rise at an annual average rate of 1.3% over the five years through the end of 2023-24, to an estimated $1.22 billion. This includes an estimated decline of 3.2% in 2023-24 due to rising health consciousness and subsequent changes in consumer trends.The performance of food processing machinery manufacturers is set to weaken over the next few years, with revenue forecast to dwindle at an annual average rate of 0.5% over the five years through 2028-29, to an estimated $1.19 billion. Rising private capital expenditure on machinery and equipment due to an increasing emphasis on resource optimisation and alternative products like non-dairy milk is projected to create revenue growth opportunities for manufacturers. However, a forecast appreciation in the Australian dollar's value will make Australian food processing machinery more expensive for overseas buyers, reducing its international competitiveness and placing pressure on industry exports. A forecast appreciation of the Australian dollar will also likely make imported machinery more price-competitive, boosting imports and further contributing to a decline in revenue.
Industry revenue has grown at a CAGR of 1.3 % over the past five years, to reach an estimated $1.2bn in 2023.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Moffat | 130.2 | |
tna | 73.8 |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Baking machinery, Meat, seafood and vegetable processing machinery and Cooking machinery. Baking machinery is the largest segment of the Food Processing Machinery Manufacturing in Australia.
Meat, seafood and vegetable processing machinery
Companies manufacture industrial and commercial food processing machinery used in food production and preparation. Examples include machinery for baking bread, processing meat (such as crushers and slicers), canning, and sealing containers and bottles. The industry excludes household food processing machinery and equipment.
Purchase this report to view all 2 major companies in this industry.
ANZSIC 2469 - Food Processing Machinery Manufacturing 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.
Accelerating health consciousness and shifts in consumer patterns have constrained revenue growth. Health concerns surrounding soft drinks and a growing appetite for non-dair...
Learn about an industry's products and services, markets and trends in international trade.
Meat, seafood and vegetable processing equipment benefits from shifts in consumer preferences. A hike in appetite for chicken and seafood has helped drive demand from key dow...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
New South Wales has the largest number of establishments in the industry. New South Wales is also home to one of the largest companies in the industry.
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.
Internal competition is high in the Food Processing Machinery Manufacturing industry. Manufacturers gain a competitive edge by establishing strong relationships with upstream...
Learn about the performance of the top companies in the industry.
Economies of scale and focus on operational efficiency are benefiting food processing machinery manufacturers. Manufacturers that emphasise improving operational efficiency a...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Changes in consumer behaviour have influenced volatility, like the growing tendency to shift from unhealthy beverages to healthier alternatives. As health consciousness rises...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Growing reliance on automation and a growing emphasis on operational efficiency have reduced wage costs. Wage costs have declined in recent years, as the automation of autono...
Including values and annual change:
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.
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:
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:
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.
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.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Food Processing Machinery Manufacturing industry in Australia is $1.2bn in 2024.
There are 529 businesses in the Food Processing Machinery Manufacturing industry in Australia, which has grown at a CAGR of 2.2 % between 2018 and 2023.
The market size of the Food Processing Machinery Manufacturing industry in Australia has been growing at a CAGR of 1.3 % between 2018 and 2023.
Over the next five years, the Food Processing Machinery Manufacturing industry in Australia is expected to decline.
The biggest companies operating in the Food Processing Machinery Manufacturing market in Australia are Moffat and tna
Meat processing machinery and Seafood processing machinery are part of the Food Processing Machinery Manufacturing industry.
The company holding the most market share in Australia is Moffat.
The level of competition is high and increasing in the Food Processing Machinery Manufacturing industry in Australia.