Horticulture Market- Australia

Base Year: 2023

Market Size in 2023: USD 17.92 Billion

Market Size in 2032: USD 32.12 Billion

Market Growth Rate: 6.30% (2024-2032)

The horticulture sector in Australia is experiencing steady growth, driven by innovation, sustainable practices, and increasing demand for high-quality produce. According to IMARC Group, Australia horticulture market size is projected to exhibit a growth rate (CAGR) of 6.30% during 2024-2032.

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Australia Horticulture Industry Trends and Drivers:

Overview of the Expanding Australia Horticulture Market

Key Drivers of Market Expansion

  • Growing demand for fresh and organic products:
    • Increasing consumer preference for fresh, premium fruits and vegetables.
    • Rising demand in both domestic and international markets.
  • Health consciousness among consumers:
    • Consumers are more health-conscious, leading to higher demand for nutrient-rich, organic produce.
  • Government support for sustainable practices:
    • Policies promoting sustainable farming and innovation in agriculture (e.g., precision farming, hydroponics).
    • Increased crop yield and product quality due to technological advancements.
  • Enhanced efficiency in production and distribution:
    • Improvements in farming techniques and logistics infrastructure.
    • Boosted production and streamlined distribution, propelling market growth.
  • Rising export opportunities:
    • Expanding demand for Australian horticultural products, particularly in Asian markets.
    • Exports serve as a key growth driver for the industry.

Trends in the Horticulture Market

  • Shift toward organic and eco-friendly farming:
    • Growing consumer interest in sustainable and eco-conscious products.
    • Producers adopting organic farming methods to meet market demands.
  • Introduction of organic certification programs:
    • Regulations and certifications ensuring high-quality, organic produce.
  • Popularity of locally sourced, farm-to-table produce:
    • Consumers prioritizing locally grown products to reduce environmental impact and support local farmers.
  • Advancements in cold storage and logistics:
    • Improved infrastructure reducing post-harvest losses.
    • Ensures efficient delivery of high-quality produce to consumers.

Future Growth Expectations

  • The convergence of these factors is expected to drive sustained growth in the Australian horticulture market over the coming years.

Australia Horticulture Industry Segmentation:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest Australia horticulture market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.

The report has segmented the market into the following categories:

Cultivation Type Insights:

  • Food Plant
    • Fruit
    • Nut Crop
    • Vegetable
    • Others
  • Ornament Plant
    • Flowers
    • Turf
    • Others

Propagation Insights:

  • Vegetative
  • Seed
  • Breeding
  • Layering and Cutting
  • Grafting
  • Others

Application Insights:

  • Greenhouse
  • Vertical Farms
  • Indoor Farms

Regional Insights:

  • Australia Capital Territory & New South Wales
  • Victoria & Tasmania
  • Queensland
  • Northern Territory & Southern Australia
  • Western Australia

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Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

  • Market Performance (2018-2023)
  • Market Outlook (2024-2032)
  • COVID-19 Impact on the Market
  • Porter’s Five Forces Analysis
  • Strategic Recommendations
  • Historical, Current and Future Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Structure of the Market
  • Value Chain Analysis
  • Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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