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Grain Growing in Australia Industry Data and Analysis
The Grain Growing industry has fluctuated in recent years following weather conditions, global grain prices and crop supplies volatility. Revenue is on track to grow at an annualised 11.0% over the five years through 2024-25, reaching $21.5 billion, including 9.6% growth in the current year. Improved rainfall from consecutive La Niña events earlier in the period supported higher output volumes, with wheat and barley yields hitting record highs in 2022-23. However, softer prices for wheat and coarse grains in 2024-25, as global supply chains stabilise and Ukrainian and Russian exports partially recover, are expected to temper the pace of revenue growth.Grain growers' performance remains cyclical, with production declines prompting price spikes that encourage more planting in subsequent seasons. After three consecutive years of high output, the return of El Niño conditions in 2023-24 and continued dryness into 2025 have constrained yields across major grain-producing regions like South Australia and Western Australia. Although global demand for feed grains, oilseeds and human-consumption grains continues to trend upwards, particularly in Asian markets, recent output moderation has tempered profitability gains. Still, industry profit margins remain solid at 31.9% in 2024-25, benefiting from earlier price spikes and improved operational efficiencies through machinery investment and precision agriculture adoption.Weather conditions will continue to be the predominant factor in the performance of the Grain Growing industry. The strongest long-term growth prospects appear to be in Asia, where rising incomes and dietary shifts towards higher rates of meat consumption are fuelling demand for feed grains like barley and oilseeds like canola. Although the Department of Agriculture, Fisheries and Forestry forecast wheat prices to remain volatile, particularly through 2027-28, sustained overseas demand will support export revenue. Emerging domestic markets for sustainable products like biofuels, bioplastics and sustainable aviation fuel (SAF) offer alternative growth avenues for Australian grain growers, allowing them to secure streams of revenue that are less exposed to changes in trade policy.Despite these opportunities, overall industry revenue is forecast to drop at an annualised 4.4% over the five years through 2029-30, reaching $17.1 billion. Production volumes will be hit by reduced rainfall, making for a more difficult growing environment. Global grain prices will weaken, driven by the eventual end of the Russian-Ukraine conflict, leading to greater worldwide production and the widespread use of genetically modified crops, yielding larger harvests. Even so, growers who adapt through crop selection, investment in water-efficient technology and market diversification will likely fare better against these headwinds.
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What's included in this industry analysis
IBISWorld's research coverage on the Grain Growing industry in Australia includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released July 2025.
About this industry
What's this industry report about?
The Grain Growing industry in Australia operates under the ANZSIC industry code A0149. The industry includes farms that grow wheat, coarse grains or other cereal crops. Other industry farms grow oilseeds. Related terms covered in the Grain Growing industry in Australia include biofuels, genetically modified (gm), imputed wage and stockfeed.
What's included in this industry?
Products and services covered in Grain Growing industry in Australia include Wheat, Coarse grains and Oilseeds.
What companies are included in this industry?
The Grain Growing industry in Australia is highly fragmented with no companies holding a market share greater than 5%.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Grain Growing industry in Australia.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Grain Growing industry in Australia.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Grain Growing industry in Australia.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Grain Growing industry in Australia. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Grain Growing industry in Australia. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Grain Growing industry in Australia. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Grain Growing industry in Australia. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Grain Growing industry in Australia.
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Frequently Asked Questions
What is the market size of the Grain Growing industry in Australia in 2026?
The market size of the Grain Growing industry in Australia is $21.5bn in 2026.
How many businesses are there in the Grain Growing industry in Australia in 2025?
There are 11,509 businesses in the Grain Growing industry in Australia, which has grown at a CAGR of 1.3 % between 2020 and 2025.
How may import tariffs affect the Grain Growing industry in Australia?
The Grain Growing industry in Australia is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Grain Growing industry in Australia?
The Grain Growing industry in Australia is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Grain Growing industry in Australia grown or declined over the past 5 years?
The market size of the Grain Growing industry in Australia has been growing at a CAGR of 11.0 % between 2020 and 2025.
What is the forecast growth of the Grain Growing industry in Australia over the next 5 years?
Over the next five years, the Grain Growing industry in Australia is expected to decline.
What does the Grain Growing industry in Australia include?
Wheat and Coarse grains are part of the Grain Growing industry in Australia.
How competitive is the Grain Growing industry in Australia?
The level of competition is moderate and steady in the Grain Growing industry in Australia.
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