Australian Plant-Based Meat Sales Surge 47 Percent Between 2020 and 2023

Yet retail sales were slow due to ‘expectations around taste’ and the ‘higher price point’ of plant-based products.

Impossible Foods plant-based beef products are seen inside a refrigerator at the meat section of a chain supermarket in Hong Kong, on Oct. 20, 2020. Lam Yik/Reuters

Australia’s plant-based meat sales surged 47 percent, while per capita consumption increased 28 percent, between 2020 and 2024, according to Food Frontier in its State of the Industry report.

The report evaluated the current state of the plant-based meat manufacturing industry, reflecting its economic contributions, and potential future.