MarketLine Industry Profile
Meat in Australia
February 2023
Reference Code: 0125-2345
Publication Date: February 2023
Primary NAICS: 3116
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Meat in Australia
Industry Profiles
1. Executive Summary
1.1. Market value
The Australian meat market grew by 1.3% in 2021 to reach a value of $15,793.1 million.
1.2. Market value forecast
In 2026, the Australian meat market is forecast to have a value of $17,168.3 million, an increase of 8.7%
since 2021.
1.3. Market volume
The Australian meat market shrank by 0.1% in 2021 to reach a volume of 1,236.8 million kilograms.
1.4. Market volume forecast
In 2026, the Australian meat market is forecast to have a volume of 1,269.1 million kilograms, an increase
of 2.6% since 2021.
1.5. Category segmentation
Fresh meat (counter) is the largest segment of the meat market in Australia, accounting for 19.8% of the
market's total value.
1.6. Geography segmentation
Australia accounts for 2.7% of the Asia-Pacific meat market value.
1.7. Market share
JBS Australia is the leading player in the Australian meat market, generating a 3.8% share of the market's
value.
1.8. Market rivalry
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High fixed costs and exit barriers intensify rivalry in the market. Larger retailers, such as supermarkets, can
make bulk purchases and negotiate on price with manufacturers, boosting buyer power. Retailers are
unlikely to be swayed by brand loyalty, but they will have to stock brands preferred by consumers to
remain competitive. Leading competitors must maintain product quality if they are to maintain their brand
equity in the long term. This intensifies supplier power. The threat of new entrants is moderate due to high
capital investments and the presence of well established brands. Substitutes to meat include fish, fresh
produce, canned and dried goods, which pose a moderate threat.
1.9. Competitive landscape
The Australian meat market has experienced weak value and volume growth in recent years. JBS Australia
is the leading player in the sector in value terms, while Hans Continental Smallgoods and Inghams
Enterprises Pty Limited accounted for second and third largest value shares, respectively, in 2021.
Moreover, JBS Australia gained maximum value share during 2016-2021.
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Meat in Australia
Industry Profiles
TABLE OF CONTENTS
1.
Executive Summary
2
1.1.
Market value ................................................................................................................................................2
1.2.
Market value forecast ..................................................................................................................................2
1.3.
Market volume.............................................................................................................................................2
1.4.
Market volume forecast...............................................................................................................................2
1.5.
Category segmentation................................................................................................................................2
1.6.
Geography segmentation.............................................................................................................................2
1.7.
Market share................................................................................................................................................2
1.8.
Market rivalry...............................................................................................................................................2
1.9.
Competitive landscape.................................................................................................................................3
2.
Market Overview
9
2.1.
Market definition .........................................................................................................................................9
2.2.
Market analysis ............................................................................................................................................9
3.
Market Data
11
3.1.
Market value ..............................................................................................................................................11
3.2.
Market volume...........................................................................................................................................12
4.
Market Segmentation
13
4.1.
Category segmentation..............................................................................................................................13
4.2.
Geography segmentation...........................................................................................................................14
4.3.
Market distribution ....................................................................................................................................15
5.
Market Outlook
16
5.1.
Market value forecast ................................................................................................................................16
5.2.
Market volume forecast.............................................................................................................................17
6.
Five Forces Analysis
18
6.1.
Summary ....................................................................................................................................................18
6.2.
Buyer power...............................................................................................................................................19
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Industry Profiles
6.3.
Supplier power ...........................................................................................................................................20
6.4.
New entrants .............................................................................................................................................21
6.5.
Threat of substitutes ..................................................................................................................................22
6.6.
Degree of rivalry.........................................................................................................................................23
7.
Competitive Landscape
24
7.1.
Market share..............................................................................................................................................24
7.2.
Who are the leading players in the Australian meat market? ...................................................................24
7.3.
Which companies have been most successful in increasing their market shares between 2017 and 2021?25
7.4.
What are the most popular brands in the market? ...................................................................................25
8.
Company Profiles
26
8.1.
JBS Australia Pty Ltd ...................................................................................................................................26
8.2.
Hans Continental Smallgoods Pty Ltd ........................................................................................................28
8.3.
Inghams Group Ltd.....................................................................................................................................29
8.4.
Associated British Foods Plc.......................................................................................................................33
9.
Macroeconomic Indicators
9.1.
36
Country data ..............................................................................................................................................36
Appendix
38
Methodology ...........................................................................................................................................................38
9.2.
Industry associations..................................................................................................................................39
9.3.
Related MarketLine research .....................................................................................................................39
About MarketLine....................................................................................................................................................40
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Meat in Australia
Industry Profiles
LIST OF TABLES
Table 1: Australia meat market value: $ million, 2016–21
11
Table 2: Australia meat market volume: million kilograms, 2016–21
12
Table 3: Australia meat market category segmentation: $ million, 2021
13
Table 4: Australia meat market geography segmentation: $ million, 2021
14
Table 5: Australia meat market distribution: % share, by value, 2021
15
Table 6: Australia meat market value forecast: $ million, 2021–26
16
Table 7: Australia meat market volume forecast: million kilograms, 2021–26
17
Table 8: Australia meat market share: % share, by value, 2021
24
Table 9: JBS Australia Pty Ltd: key facts
26
Table 10: JBS Australia Pty Ltd: Key Employees
27
Table 11: Hans Continental Smallgoods Pty Ltd: key facts
28
Table 12: Inghams Group Ltd: key facts
29
Table 13: Inghams Group Ltd: Annual Financial Ratios
31
Table 14: Inghams Group Ltd: Key Employees
32
Table 15: Associated British Foods Plc: key facts
33
Table 16: Associated British Foods Plc: Annual Financial Ratios
34
Table 17: Associated British Foods Plc: Key Employees
35
Table 18: Australia size of population (million), 2017–21
36
Table 19: Australia gdp (constant 2005 prices, $ billion), 2017–21
36
Table 20: Australia gdp (current prices, $ billion), 2017–21
36
Table 21: Australia inflation, 2017–21
36
Table 22: Australia consumer price index (absolute), 2017–21
37
Table 23: Australia exchange rate, 2017–21
37
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Meat in Australia
Industry Profiles
LIST OF FIGURES
Figure 1: Australia meat market value: $ million, 2016–21
11
Figure 2: Australia meat market volume: million kilograms, 2016–21
12
Figure 3: Australia meat market category segmentation: % share, by value, 2021
13
Figure 4: Australia meat market geography segmentation: % share, by value, 2021
14
Figure 5: Australia meat market distribution: % share, by value, 2021
15
Figure 6: Australia meat market value forecast: $ million, 2021–26
16
Figure 7: Australia meat market volume forecast: million kilograms, 2021–26
17
Figure 8: Forces driving competition in the meat market in Australia, 2021
18
Figure 9: Drivers of buyer power in the meat market in Australia, 2021
19
Figure 10: Drivers of supplier power in the meat market in Australia, 2021
20
Figure 11: Factors influencing the likelihood of new entrants in the meat market in Australia, 2021
21
Figure 12: Factors influencing the threat of substitutes in the meat market in Australia, 2021
22
Figure 13: Drivers of degree of rivalry in the meat market in Australia, 2021
23
Figure 14: Australia meat market share: % share, by value, 2021
24
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Meat in Australia
Industry Profiles
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Meat in Australia
Industry Profiles
2. Market Overview
2.1.
Market definition
The meat market consists of the retail sales of ambient meat, chilled raw packaged meat – processed, chilled raw
packaged meat - whole cuts, cooked meats – counter, cooked meats – packaged, fresh meat (counter) and frozen
meat. The market is valued according to retail selling price (RSP) and includes any applicable taxes. All currency
conversions used in the creation of this report have been calculated using constant annual average 2021 exchange
rates.
For the purposes of this report, the global market consists of North America, South America, Europe, Asia-Pacific,
the Middle East, Ghana, Morocco, Nigeria, and South Africa.
North America consists of Canada, Mexico, and the United States.
South America consists of Argentina, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama,
Peru, Puerto Rico, and Uruguay.
Europe consists of Austria, Belgium, Bulgaria, Croatia, the Czech Republic, Denmark, Estonia, Finland, France,
Germany, Greece, Hungary, Ireland, Italy, Luxembourg, Malta, the Netherlands, Norway, Poland, Portugal,
Romania, Russia, Slovak Republic, Spain, Sweden, Switzerland, Turkey, Ukraine, and the United Kingdom.
Scandinavia comprises Denmark, Finland, Norway, and Sweden.
Asia-Pacific comprises Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines,
Singapore, South Korea and Thailand.
The Middle East comprises Bahrain, Egypt, Iran, Israel, Kuwait, Oman, Saudi Arabia, and the United Arab Emirates.
2.2.
Market analysis
The Australian meat market registered weak growth during the review period (2016-2021). The growth of the
market is expected to slightly decelerate over the forecast period (2021-2026).
The Australian meat market has traditionally been dominated by red meat. The industry has faced minimal
disruptions through global pandemic because of continued innovations within the industry. The market is
expected to bloom further in coming years as good pasture and hay supplies ensure good quality meat is supplied
to the market.
The Australian meat market had total revenues of $15,793.1m in 2021, representing a compound annual growth
rate (CAGR) of 1.7% between 2016 and 2021. In comparison, the Japanese market increased with a CAGR of 2.4%,
and the Chinese market declined with a CAGR of -0.3%, over the same period, to reach respective values of
$32,858.6m and $462,151.5m in 2021.
Market consumption volume increased with a CAGR of 0.7% between 2016 and 2021, to reach a total of 1,236.8
million kilograms in 2021. The market's volume is expected to rise to 1,269.1 million kilograms by the end of 2026,
representing a CAGR of 0.5% for the 2021-2026 period.
The fresh meat (counter) segment was the market's most lucrative in 2021, with total revenues of $3.1bn,
equivalent to 19.8% of the market's overall value. The chilled raw packaged meat - whole cuts segment
contributed revenues of $3.1bn in 2021, equating to 19.4% of the market's aggregate value.
The performance of the market is forecast to follow a similar pattern with an anticipated CAGR of 1.7% for the
five-year period 2021 - 2026, which is expected to drive the market to a value of $17,168.3m by the end of 2026.
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Industry Profiles
Comparatively, the Japanese and Chinese markets will grow with CAGRs of 1.6% and 1.1% respectively, over the
same period, to reach respective values of $35,595.0m and $487,640.4m in 2026.
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Meat in Australia
Industry Profiles
3. Market Data
3.1.
Market value
The Australian meat market grew by 1.3% in 2021 to reach a value of $15,793.1 million.
The compound annual growth rate of the market in the period 2016–21 was 1.7%.
Table 1: Australia meat market value: $ million, 2016–21
Year
$ million
A$ million
€ million
% Growth
2016
14,527.3
19,354.6
12,286.3
2017
14,902.4
19,854.2
12,603.5
2.6%
2018
15,236.6
20,299.5
12,886.1
2.2%
2019
15,638.0
20,834.4
13,225.7
2.6%
2020
15,596.7
20,779.3
13,190.7
2021
15,793.1
21,040.9
13,356.8
(0.3%)
1.3%
CAGR: 2016–21
1.7%
Source: MARKETLINE
MARKETLINE
Figure 1: Australia meat market value: $ million, 2016–21
Source: MARKETLINE
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Industry Profiles
3.2. Market volume
The Australian meat market shrank by 0.1% in 2021 to reach a volume of 1,236.8 million kilograms.
The compound annual growth rate of the market in the period 2016-21 was 0.7%.
Table 2: Australia meat market volume: million kilograms, 2016–21
Year
million kilograms
% Growth
2016
1,191.8
2017
1,214.3
1.9%
2018
1,232.8
1.5%
2019
1,255.7
1.9%
2020
1,237.8
2021
1,236.8
(1.4%)
(0.1%)
CAGR: 2016–21
0.7%
Source: MARKETLINE
MARKETLINE
Figure 2: Australia meat market volume: million kilograms, 2016–21
Source: MARKETLINE
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Meat in Australia
Industry Profiles
4. Market Segmentation
4.1.
Category segmentation
Fresh meat (counter) is the largest segment of the meat market in Australia, accounting for 19.8% of the market's
total value.
The Chilled raw packaged meat - whole cuts segment accounts for a further 19.4% of the market.
Table 3: Australia meat market category segmentation: $ million, 2021
Category
2021
%
Fresh Meat (Counter)
3,132.6
19.8%
Chilled Raw Packaged Meat - Whole Cuts
3,062.1
19.4%
Chilled Raw Packaged Meat - Processed
2,981.4
18.9%
Frozen Meat
2,092.1
13.2%
Ambient Meat
2,006.7
12.7%
Cooked Meats - Packaged
1,324.8
Other
1,193.6
8.4%
7.6%
Total
15,793.3
100%
Source: MARKETLINE
MARKETLINE
Figure 3: Australia meat market category segmentation: % share, by value, 2021
Source: MARKETLINE
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4.2. Geography segmentation
Australia accounts for 2.7% of the Asia-Pacific meat market value.
China accounts for a further 78.3% of the Asia-Pacific market.
Table 4: Australia meat market geography segmentation: $ million, 2021
Geography
2021
%
China
462,151.5
78.3
Japan
32,858.6
5.6
South Korea
22,742.4
3.9
Australia
15,793.1
2.7
3,664.5
53,128.8
0.6
9.0
590,338.9
100.1%
India
Rest of Asia-Pacific
Total
Source: MARKETLINE
MARKETLINE
Figure 4: Australia meat market geography segmentation: % share, by value, 2021
Source: MARKETLINE
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Industry Profiles
4.3. Market distribution
Hypermarkets & Supermarkets form the leading distribution channel in the Australian meat market, accounting for a
73.9% share of the total market's value.
Food & drinks specialists accounts for a further 11.1% of the market.
Table 5: Australia meat market distribution: % share, by value, 2021
Channel
% Share
Hypermarkets & Supermarkets
73.9%
Food & drinks specialists
11.1%
Convenience Stores
10.8%
eRetailers
Other
2.7%
1.5%
Total
100%
Source: MARKETLINE
MARKETLINE
Figure 5: Australia meat market distribution: % share, by value, 2021
Source: MARKETLINE
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Meat in Australia
Industry Profiles
5. Market Outlook
5.1.
Market value forecast
In 2026, the Australian meat market is forecast to have a value of $17,168.3 million, an increase of 8.7% since
2021.
The compound annual growth rate of the market in the period 2021–26 is predicted to be 1.7%.
Table 6: Australia meat market value forecast: $ million, 2021–26
Year
$ million
A$ million
€ million
% Growth
2021
15,793.1
21,040.9
13,356.8
1.3%
2022
16,044.6
21,376.0
13,569.5
1.6%
2023
16,385.6
21,830.4
13,857.9
2.1%
2024
16,663.8
22,200.9
14,093.2
1.7%
2025
16,907.7
22,525.8
14,299.4
2026
17,168.3
22,873.1
14,519.8
1.5%
1.5%
CAGR: 2021–26
1.7%
Source: MARKETLINE
MARKETLINE
Figure 6: Australia meat market value forecast: $ million, 2021–26
Source: MARKETLINE
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Industry Profiles
5.2. Market volume forecast
In 2026, the Australian meat market is forecast to have a volume of 1,269.1 million kilograms, an increase of 2.6% since
2021.
The compound annual growth rate of the market in the period 2021–26 is predicted to be 0.5%.
Table 7: Australia meat market volume forecast: million kilograms, 2021–26
Year
million kilograms
% Growth
2021
1,236.8
(0.1%)
2022
1,234.4
(0.2%)
2023
1,243.1
0.7%
2024
1,252.0
0.7%
2025
1,260.6
2026
1,269.1
0.7%
0.7%
CAGR: 2021–26
0.5%
Source: MARKETLINE
MARKETLINE
Figure 7: Australia meat market volume forecast: million kilograms, 2021–26
Source: MARKETLINE
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Industry Profiles
6. Five Forces Analysis
The meat market will be analyzed taking food processing companies as players. The key buyers will be taken as
food retailers, and producers of meat as the key suppliers.
6.1.
Summary
Figure 8: Forces driving competition in the meat market in Australia, 2021
Source: MARKETLINE
MARKETLINE
High fixed costs and exit barriers intensify rivalry in the market. Larger retailers, such as supermarkets, can make bulk
purchases and negotiate on price with manufacturers, boosting buyer power. Retailers are unlikely to be swayed by
brand loyalty, but they will have to stock brands preferred by consumers to remain competitive. Leading competitors
must maintain product quality if they are to maintain their brand equity in the long term. This intensifies supplier
power. The threat of new entrants is moderate due to high capital investments and the presence of well established
brands. Substitutes to meat include fish, fresh produce, canned and dried goods, which pose a moderate threat.
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Industry Profiles
6.2.
Buyer power
Figure 9: Drivers of buyer power in the meat market in Australia, 2021
Source: MARKETLINE
MARKETLINE
The main distribution channels for the meat market are hypermarkets and supermarkets, which accounted for 73.91%
of the market value in 2021. Food and drinks specialists are also significant, accounted for a further 11.13% of the
market value in 2021. Due to the size of the average buyer being large, their negotiating position is enhanced.
Large retailers can make bulk purchases and negotiate on price with manufacturers, boosting buyer power. Switching
costs for buyers in the meat market are low and buyer power is strengthened by the fact that the products are largely
undifferentiated commodities. Similar products to those produced by market competitors will also be stocked by
retailers. This bolsters competition for shelf space. Overall, buyer power is assessed as strong.
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Industry Profiles
6.3.
Supplier power
Figure 10: Drivers of supplier power in the meat market in Australia, 2021
Source: MARKETLINE
MARKETLINE
Market competitors can obtain suppliers' inputs through two methods: making an open market purchase where they
have little control over price and employ hedging techniques to mitigate the impact of fluctuations, or negotiating
fixed-term contracts. Where growers operate in a fragmented upstream landscape, large food processing firms may
have a strong negotiating position. Dairy products, meat, sugar and other sweeteners, and certain other fruits and
vegetables are generally purchased in the open market.
Leading competitors must maintain product quality if they wish to maintain brand equity in the long term. They must to
source raw materials of appropriate quality, and strengthen their relationships with those suppliers able to provide the
necessary products. Substitutes are available for raw materials, undermining supplier power. Overall, supplier power is
assessed as moderate.
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6.4.
New entrants
Figure 11: Factors influencing the likelihood of new entrants in the meat market in Australia, 2021
Source: MARKETLINE
MARKETLINE
The Australian meat market recorded weak growth during the review period (2016-2021). There are opportunities to
gain market share, making the market attractive to prospective entrants.
Establishing manufacturing facilities and the marketing of meat involve large capital outlay. Consequently, small, lowkey ventures are unlikely to succeed. Flash freezing is an industrial process that is very difficult to perform without prior
technological competences.
The demand for meat is largely driven by consumers. Brand loyalty can be a significant factor. It can be difficult for a
new company to be successful in an industry of well-established local and international brands and access to
distribution channels may be difficult. It is difficult to establish reliable supply chains, especially for perishable raw
materials. Shelf space is a vital but finite resource, and it may be difficult to persuade retailers to allocate it to a new
player's product, especially in the highly competitive food retail market. The market is highly regulated, which can also
act as a barrier to entry. The Department of Agriculture and Water Resources Food Regulation along with the
Department of Health and Food Standards Australia New Zealand (FSANZ) regulates the market. Overall, there is a
moderate likelihood of new entrants.
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6.5.
Threat of substitutes
Figure 12: Factors influencing the threat of substitutes in the meat market in Australia, 2021
Source: MARKETLINE
MARKETLINE
The main substitutes for meat are fish, eggs, and vegetable protein products. Despite it having the disadvantage of a
shorter shelf life, consumers generally consider fresh produce to be of a higher quality. Alternative substitutes include
canned and dried products, which offer benefits including convenience and an extended storage life.
Dried products are less of a threat, as few foods can be successfully dried. Canned foods have the advantage of not
requiring freezers for storage, reducing their maintenance costs. Few consumers will want to rely completely on frozen
products for their non-perishable food needs, and the threat of substitutes is assessed as moderate.
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6.6.
Degree of rivalry
Figure 13: Drivers of degree of rivalry in the meat market in Australia, 2021
Source: MARKETLINE
MARKETLINE
The Australian meat market is highly fragmented, with the four leading competitors, JBS Australia, Hans Continental
Smallgoods, Inghams Enterprise Pty Limited, and Associated British Foods Plc accounting for 6.80% of the market value
in 2021. Notably, JBS Australia managed to secure 3.76% of the total market value in 2021.
Key firms include Primrybsnab and Hans Continental, which despite being leading companies does not have enough
market shares to completely dominate. Retailers can switch between different manufacturers' products quite easily.
The brand loyalty of consumers exerts a pull-through on retailers, which makes it difficult for them to abandon the
more expensive branded products for private-label alternatives. Branding only partially ameliorates the
undifferentiated nature of the product, making it hard to retain buyers. Exit barriers are high, since leaving the meat
market would require the divestment of substantial and often quite specialized assets.
Fixed costs are also likely to be high, and automated processes mean that production can be ramped up when
necessary. These factors tend to intensify rivalry.
Weak market growth during the review period helps to alleviate the competition. Overall, there is a strong degree of
rivalry in this market.
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Industry Profiles
7. Competitive Landscape
The Australian meat market has experienced weak value and volume growth in recent years. JBS Australia is the
leading player in the sector in value terms, while Hans Continental Smallgoods and Inghams Enterprises Pty
Limited accounted for second and third largest value shares, respectively, in 2021. Moreover, JBS Australia gained
maximum value share during 2016-2021.
7.1.
Market share
Table 8: Australia meat market share: % share, by value, 2021
Company
% Share
JBS Australia
3.8%
Hans Continental Smallgoods
1.2%
Inghams Enterprises Pty Limited.
1.0%
Associated British Foods Plc
Other
0.8%
93.2%
Total
100%
Source: MARKETLINE
MARKETLINE
Figure 14: Australia meat market share: % share, by value, 2021
Source: MARKETLINE
MARKETLINE
7.2. Who are the leading players in the Australian meat market?
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Industry Profiles
Australia-based JBS Australia was the leading player in the Australian meat market, accounting for 3.76% of the market
value in 2021. The company has a strong foot hold in the chilled raw packaged meat - processed segment in 2021,
through brands such as Primo.
Australia-based Hans Continental Smallgoods is the second leading player in the Australian meat market, accounting for
1.22% of the market value in 2021. The company has a strong foot hold in the chilled raw packaged meat - processed
segments in 2021, through brands such as Hans.
Australia-based Inghams Enterprises Pty Limited is the third leading player in the Australian meat market, accounting
for 0.99% of the market value in 2021. The company has a strong foot hold in the Frozen meat, cooked meats packaged, chilled raw packaged meat - processed, and chilled raw packaged meat - whole cuts segments in 2021,
through brands such as Ingham's.
7.3. Which companies have been most successful in increasing their
market shares between 2017 and 2021?
Between 2016 and 2021, JBS Australia. registered the highest rise in its market share with 0.26 percentage points in
value terms in the Australian meat sector, increasing from 3.49% in 2016 to 3.76% in 2021. Over the same period, the
value market share of Inghams Enterprises Pty Ltd increased with 0.13 percentage points, growing from 0.86% in 2016
to 0.99% in 2021. Moreover, Hans Continental Smallgoods witnessed an increase of 0.09 percentage points to its value
share, up from 1.13% in 2016 to 1.22% in 2021.
7.4. What are the most popular brands in the market?
Primo (owned by JBS Australia) and Hans (owned by Hans Continental Smallgoods), are the most popular brands in the
Australian meat sector, accounting for value shares of 3.76% and 1.22%, respectively, in 2021. Furthermore, Ingham’s
(owned by Inghams Enterprises Pty Limited) is also famous brand of the sector, which held a value share of 0.99% in the
same year.
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Industry Profiles
8. Company Profiles
8.1.
8.1.1.
JBS Australia Pty Ltd
Company Overview
JBS Australia Pty Ltd (JBS Australia) is a producer, processor and marketer of beef products. The company
provides products such as rain-fed and pasture-fed beef, lamb meats, beef, lamb, veal, hogget and mutton,
among others. It offers byproducts including offals, skins, hides, meat meal, and bone meal, among others. JBS
Australia serves retailers, wholesalers, and foodservice industries. The company operates feedlots covering
10000 hectares located in New South Wales and Queensland, Australia. It exports products to 80 countries
across the world. The company operates its offices in Brisbane and Melbourne, Australia. JBS Australia is
headquartered in Brisbane, Queensland, Australia.
8.1.2.
Key Facts
Table 9: JBS Australia Pty Ltd: key facts
Head office:
Number of Employees:
Website:
Financial year-end:
1 Lock Way Riverview, Brisbane, Queensland, Australia
8500
www.jbssa.com.au
April
Source: COMPANY WEBSITE
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Meat in Australia
Industry Profiles
Table 10: JBS Australia Pty Ltd: Key Employees
Name
Job Title
Board
Bill Sauer
Manager Rockhampton
Operational Management
Brett Meads
Manager Riverina Beef
Operational Management
Craig Miller
Plant Manager-Scone
Operational Management
Manager Townsville
Operational Management
Manager Cobram
Operational Management
Manager Beef City
Operational Management
Lee Shepley
Manager Dinmore
Operational Management
Mark Kelly
Manager Brooklyn
Operational Management
Trevor Schiller
Manager Bordertown
Operational Management
Vernon Piwari
Plant Manager-Longford
Operational Management
David Arnold
James Turner
Justin McCormick
Source: COMPANY FILINGS
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Meat in Australia
Industry Profiles
8.2.
8.2.1.
Hans Continental Smallgoods Pty Ltd
Company Overview
Hans Continental Smallgoods Pty Ltd (Hans Continental Smallgoods) is a consumer goods company that
produces food products. The company’s products include bacon, continental smallgoods, ham, beef, kabana,
cabanossi, salami, sausages, franks, striker, hams oliving, and pizza toppings. It also provides meats, cheese,
deli, devon, kransky, oil, olive oil, peperilli pizza, salami, sliced snacks, diced bacon, short cut bacon, pan sized
bacon, middle bacon, and twiggy, among others. Hans Continental Smallgoods offers twiggy sticks, traditional
liverwurst, strassburg, smoked strassburg, traditional boneless leg ham, shoulder ham, leg ham, pineapple ham
steaks, champagne leg ham, and recipes, among others. The company provides its products through a network
of retail stores, distributors, and online website. Hans Continental Smallgoods is headquartered in Brisbane,
Queensland, Australia.
8.2.2.
Key Facts
Table 11: Hans Continental Smallgoods Pty Ltd: key facts
Head office:
Website:
Financial year-end:
62 McRoyle Street, Wacol, Brisbane, Queensland, Australia
www.hans.com.au
April
Source: COMPANY WEBSITE
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Meat in Australia
Industry Profiles
8.3.
8.3.1.
Inghams Group Ltd
Company Overview
Inghams Group Ltd (Inghams) is a producer of protein products. The company produces poultry products
including chicken and turkey products across various categories, such as primary, free range, value-enhanced,
further processed and ingredients. It supplies its products to retail, food service and quick service restaurant
customers. Inghams produces stockfeed for dairy, poultry and equine industries. Its product portfolio includes
New York buffalo chicken bites, Carolina gold chicken chips, chicken breast chips, self-basting whole turkey,
turkey breast strips, gourmet roasting portions and fresh turkey mince. Inghams is headquartered in North
Ryde, New South Wales, Australia.
The company reported revenues of (Australian Dollars) AUD2,713.1 million for the fiscal year ended June 2022
(FY2022), an increase of 1.7% over FY2021. In FY2022, the company’s operating margin was 3.7%, compared to
an operating margin of 6.7% in FY2021. In FY2022, the company recorded a net margin of 1.3%, compared to a
net margin of 3.1% in FY2021.
8.3.2.
Key Facts
Table 12: Inghams Group Ltd: key facts
Head office:
Telephone:
Number of Employees:
Website:
Financial year-end:
L 4 1 Julius Ave , North Ryde, New South Wales, Australia
61298264444
0
inghams.com.au
June
Source: COMPANY WEBSITE
8.3.3.
MARKETLINE
Business Description
Inghams Group Ltd (Inghams) is a processor of chicken and turkey products. It owns and operates 345 facilities
various facilities such as quarantine farms, hatcheries, feed mills, primary processing, further processing,
warehouse and distribution centers, and protein conversion plants in New Zealand and Australia.
The company classifies its operations into two reportable segments: Poultry and Feed.
Inghams' Poultry segment includes the production and sale of processed chicken and turkey meat. It also provides
related food services. The company offers chicken related products including fresh whole chicken, fresh chicken
breast fillet, chicken diced breast, and gourmet roasting portions. Inghams also offers boneless chicken - apricot
and herb, chicken stuffed breast - creamy garlic, chicken tenders - sweet chilli, chicken schnitzel, chicken and
cheese schnitzel, chicken breast tenders - original. The company's other chicken products include chicken breast
tenders - sweet chilli, chicken breast tender - southern style, chicken breast nuggets, chicken breast tenders honey soy, microwaveable chicken nuggets, chicken breast kiev, chicken breast chipees, and others. Inghams
provides turkey-related products such as fresh turkey wings, self basting turkey breast buffe, self basting whole
turkey, fresh turkey mince, turkey breast strips, and fresh turkey drumsticks. The company offers its products to
major retailers, quick service restaurant (QSR) operators, food service distributors and wholesalers in Australia. In
FY2022, Poultry segment reported revenue of AUD2,510.5 million, which accounted for 92.5% of the company's
total revenue.
Under Feed segment, the company produces and supplies stockfeed in the Australia and New Zealand dairy feed
industries. In FY2022, Feed segment reported revenue of AUD202.6 million, which accounted for 7.5% of the
company's total revenue.
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Meat in Australia
Industry Profiles
Geographically, Inghams classifies its operations into two regions, namely Australia and New Zealand. In FY2022,
the Australia region accounted for 85.3% of the company's total revenue, followed by New Zealand with 14.7%.
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Meat in Australia
Industry Profiles
Table 13: Inghams Group Ltd: Annual Financial Ratios
Key Ratios
Growth Ratios
Sales Growth %
Operating Income Growth %
EBITDA Growth %
Net Income Growth %
EPS Growth %
Working Capital Growth %
Equity Ratios
EPS (Earnings per Share) AUD
Dividend per Share AUD
Dividend Cover Absolute
Book Value per Share AUD
Profitability Ratios
Gross Margin %
Operating Margin %
Net Profit Margin %
Profit Markup %
PBT Margin (Profit Before Tax) %
Return on Equity %
Return on Capital Employed %
Return on Assets %
Return on Working Capital %
Operating Costs (% of Sales) %
Administration Costs (% of Sales) %
Liquidity Ratios
Current Ratio Absolute
Quick Ratio Absolute
Cash Ratio Absolute
Leverage Ratios
Debt to Equity Ratio Absolute
Net Debt to Equity Absolute
Debt to Capital Ratio Absolute
Efficiency Ratios
Asset Turnover Absolute
Fixed Asset Turnover Absolute
Inventory Turnover Absolute
Current Asset Turnover Absolute
Capital Employed Turnover Absolute
Working Capital Turnover Absolute
2017
2018
2019
2020
2021
-2.18
42.06
42.06
93.91
17.65
-3.14
4.88
17.24
17.24
10.12
-9.56
-41.83
2.63
-36.42
-36.42
-68.23
-24.57
-90.20
4.44
43.59
43.59
107.73
27.38
-103.19
0.23
0.12
1.86
0.58
0.27
0.21
1.26
0.70
0.24
0.20
1.23
0.44
0.18
0.14
1.29
0.35
0.23
0.17
1.40
0.44
17.64
4.83
2.44
21.41
3.18
27.30
16.38
11.01
34.43
95.17
11.61
18.41
7.01
4.83
22.56
6.38
43.91
23.26
10.35
50.50
92.99
12.21
17.77
7.84
5.07
21.61
7.19
76.72
31.90
11.36
101.77
92.16
11.92
16.96
4.86
1.57
20.43
2.20
31.06
6.53
2.19
660.11
95.14
12.12
18.24
6.68
3.12
22.31
4.23
50.92
9.67
3.26
-29700.00
93.32
11.56
1.95
1.19
0.42
1.78
1.16
0.64
1.41
0.79
0.29
1.03
0.53
0.20
1.00
0.55
0.22
2.07
1.38
0.67
1.61
0.56
0.62
2.42
1.60
0.71
14.88
13.84
0.94
11.19
10.22
0.92
4.52
13.02
14.68
6.95
3.39
7.13
2.14
6.27
7.22
3.27
3.32
7.20
2.24
6.20
7.38
3.52
4.07
12.98
1.40
2.22
6.75
3.78
1.34
135.92
1.04
1.44
6.66
3.83
1.45
-4448.00
Source: COMPANY FILINGS
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Meat in Australia
Industry Profiles
Table 14: Inghams Group Ltd: Key Employees
Name
Job Title
Board
Andrew Reeves
Chief Executive Officer
Executive Board
Andrew Reeves
Managing Director
Executive Board
Anne Marie Mooney
Chief Operations Officer
Senior Management
Chief Agribusiness Officer
Senior Management
David Matthews
General Counsel
Senior Management
David Matthews
Secretary
Senior Management
Chief Executive Officer New Zealand
Senior Management
Chief Financial Officer
Senior Management
Chief People Officer
Senior Management
Chairman
Non Executive Board
Jackie McArthur
Director
Non Executive Board
Linda Bardo Nicholls
Director
Non Executive Board
Chief Customer Officer
Senior Management
Michael Ihlein
Director
Non Executive Board
Rob Gordon
Director
Non Executive Board
Robyn Stubbs
Director
Non Executive Board
Chief Marketing Officer
Senior Management
Simar Pawar
Director
Non Executive Board
Timothy Longstaff
Director
Non Executive Board
Art Lankford
Edward Alexander
Gary Mallett
Grant Kerswell
Helen Nash
Mark Powell
Seb Brandt
Source: COMPANY FILINGS
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Meat in Australia
Industry Profiles
8.4.
8.4.1.
Associated British Foods Plc
Company Overview
Associated British Foods Plc (ABF) is a subsidiary of Wittington Investments Ltd, is a diversified food processing
and retail group. The company's major businesses include sugar, ingredients, grocery, agriculture and retail. It
also offers hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, herbs and
spices, ethnic foods and meat products. ABF processes sugar beet and sugar cane for sale to industrial users.
The company manufactures animal feeds and other related products and services for the agriculture sector,
and bakers’ yeast, bakery ingredients, enzymes, lipids, yeast extracts and cereal specialties. ABF serves diverse
industries including agriculture, pharmaceutical, retail and food. The company operates across Europe, Africa,
the Americas, and Asia-Pacific. ABF is headquartered in London, Greater London, the UK.
The company reported revenues of (British Pounds) GBP16,997 million for the fiscal year ended September
2022 (FY2022), an increase of 22.4% over FY2021. In FY2022, the company’s operating margin was 6.8%,
compared to an operating margin of 6% in FY2021. In FY2022, the company recorded a net margin of 4.1%,
compared to a net margin of 3.4% in FY2021.
8.4.2.
Key Facts
Table 15: Associated British Foods Plc: key facts
Head office:
Telephone:
Fax:
Number of Employees:
Website:
Financial year-end:
Ticker:
Stock exchange:
Mayfair 10 Grosvenor Street, , London, England, United Kingdom
442073996500
442073996580
132273
www.abf.co.uk
September
ABF
London Stock Exchange (LON)
Source: COMPANY WEBSITE
8.4.3.
MARKETLINE
Business Description
Associated British Foods Plc (ABF) is a diversified group that carries out the business of food, ingredients and
retailing. The group has operations in over 53 countries across Europe, Africa, the Americas, Asia and Australia.
ABF operates through five segments: Retail, Grocery, Sugar, Ingredients and Agriculture. Geographically, the
company classifies its operations into four regions: Asia-Pacific, Europe and Africa, the Americas and the UK.
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Meat in Australia
Industry Profiles
Table 16: Associated British Foods Plc: Annual Financial Ratios
Key Ratios
Growth Ratios
Sales Growth %
Operating Income Growth %
EBITDA Growth %
Net Income Growth %
EPS Growth %
Working Capital Growth %
Equity Ratios
EPS (Earnings per Share) GBP
Dividend per Share GBP
Book Value per Share GBP
Profitability Ratios
Gross Margin %
Operating Margin %
Net Profit Margin %
Profit Markup %
PBT Margin (Profit Before Tax) %
Return on Equity %
Return on Capital Employed %
Return on Assets %
Return on Working Capital %
Operating Costs (% of Sales) %
Administration Costs (% of Sales) %
Liquidity Ratios
Current Ratio Absolute
Quick Ratio Absolute
Cash Ratio Absolute
Leverage Ratios
Debt to Equity Ratio Absolute
Net Debt to Equity Absolute
Debt to Capital Ratio Absolute
Efficiency Ratios
Asset Turnover Absolute
Fixed Asset Turnover Absolute
Inventory Turnover Absolute
Current Asset Turnover Absolute
Capital Employed Turnover Absolute
Working Capital Turnover Absolute
2017
2018
2019
2020
2021
1.41
-19.58
-14.36
-15.94
6.06
1.61
-9.31
-4.46
-12.81
2.91
24.10
-11.92
-33.00
-4.89
-48.18
-39.11
2.85
-0.38
4.02
0.76
5.05
-12.18
8.58
1.23
0.41
10.53
1.31
0.45
11.63
1.34
0.46
11.94
0.82
11.82
0.72
0.27
12.53
23.48
10.61
7.80
30.69
10.26
14.37
16.87
18.70
79.97
89.39
15.23
23.01
8.41
6.47
29.89
8.21
10.93
12.54
7.60
64.31
91.59
14.77
22.98
7.51
5.55
29.84
7.41
9.29
11.11
6.40
46.99
92.49
14.77
22.51
5.71
3.26
29.05
4.92
4.86
5.89
2.99
30.62
94.29
16.12
22.55
5.96
3.44
29.12
5.22
4.82
6.08
2.85
29.33
94.04
16.24
1.65
0.95
0.49
1.63
0.93
0.42
1.82
1.02
0.49
1.82
1.12
0.63
1.86
1.18
0.69
0.11
-0.08
0.10
0.08
-0.07
0.08
0.06
-0.10
0.06
0.44
0.22
0.31
0.37
0.14
0.27
2.40
5.61
10.73
5.92
1.59
7.54
1.18
2.78
5.37
2.97
1.49
7.65
1.15
2.75
5.14
2.91
1.48
6.26
0.92
1.93
4.60
2.46
1.03
5.36
0.83
1.68
4.82
2.34
1.02
4.92
Source: COMPANY FILINGS
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Meat in Australia
Industry Profiles
Table 17: Associated British Foods Plc: Key Employees
Name
Job Title
Board
Dame Heather Rabbatts
Director
Non Executive Board
Emma Adamo
Director
Non Executive Board
Eoin Tonge
Finance Director Designate
Senior Management
George Weston
Chief Executive Officer
Executive Board
George Weston
Director
Executive Board
Graham Allan
Director
Non Executive Board
John Bason
Director Finance
Senior Management
Michael McLintock
Chairman
Executive Board
Paul Lister
Secretary
Senior Management
Richard Reid
Director
Non Executive Board
Ruth Cairnie
Director
Non Executive Board
Wolfhart Hauser
Director
Non Executive Board
Source: COMPANY FILINGS
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Meat in Australia
Industry Profiles
9. Macroeconomic Indicators
9.1.
Country data
Table 18: Australia size of population (million), 2017–21
Year
Population (million)
% Growth
2017
23.8
1.0%
2018
24.0
1.0%
2019
24.3
2020
24.5
1.0%
1.0%
Source: MARKETLINE
MARKETLINE
Table 19: Australia gdp (constant 2005 prices, $ billion), 2017–21
Year
Constant 2005 Prices, $ billion
% Growth
2017
1,021.7
2.9%
2018
1,052.2
3.0%
2019
1,084.2
2020
1,117.8
3.0%
3.1%
Source: MARKETLINE
MARKETLINE
Table 20: Australia gdp (current prices, $ billion), 2017–21
Year
Current Prices, $ billion
% Growth
2017
1,733.0
5.4%
2018
1,827.4
5.4%
2019
1,928.5
2020
2,032.3
5.5%
5.4%
Source: MARKETLINE
MARKETLINE
Table 21: Australia inflation, 2017–21
Year
Inflation Rate (%)
2017
2.6%
2018
2.5%
2019
2.5%
2.6%
2020
Source: MARKETLINE
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Meat in Australia
Industry Profiles
Table 22: Australia consumer price index (absolute), 2017–21
Year
Consumer Price Index (2005 = 100)
2017
137.7
2018
141.1
2019
144.7
148.4
2020
Source: MARKETLINE
MARKETLINE
Table 23: Australia exchange rate, 2017–21
Year
Exchange rate ($/A$)
Exchange rate (€/A$)
2017
1.3036
1.4743
2018
1.3397
1.5806
2019
1.4387
1.6108
2020
1.4521
2021
1.3323
1.6555
1.5753
Source: MARKETLINE
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Meat in Australia
Industry Profiles
Appendix
Methodology
MarketLine Industry Profiles draw on extensive primary and secondary research, all aggregated, analyzed, crosschecked and presented in a consistent and accessible style.
Review of in-house databases – Created using 250,000+ industry interviews and consumer surveys and supported by
analysis from industry experts using highly complex modeling & forecasting tools, MarketLine’s in-house databases
provide the foundation for all related industry profiles
Preparatory research – We also maintain extensive in-house databases of news, analyst commentary, company profiles
and macroeconomic & demographic information, which enable our researchers to build an accurate market overview
Definitions – Market definitions are standardized to allow comparison from country to country. The parameters of each
definition are carefully reviewed at the start of the research process to ensure they match the requirements of both the
market and our clients
Extensive secondary research activities ensure we are always fully up-to-date with the latest industry events and trends
MarketLine aggregates and analyzes a number of secondary information sources, including:
-
National/Governmental statistics
-
International data (official international sources)
-
National and International trade associations
-
Broker and analyst reports
-
Company Annual Reports
-
Business information libraries and databases
Modeling & forecasting tools – MarketLine has developed powerful tools that allow quantitative and qualitative data to
be combined with related macroeconomic and demographic drivers to create market models and forecasts, which can
then be refined according to specific competitive, regulatory and demand-related factors
Continuous quality control ensures that our processes and profiles remain focused, accurate and up-to-date
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Meat in Australia
Industry Profiles
9.2. Industry associations
9.2.1. International Poultry Council (IPC)
2300 West Park Place Blvd. Suite 100, Stone Mountain, Georgia 30087, USA
Tel.: 1 770 413 0006
www.internationalpoultrycouncil.org
9.2.2. Australian Meat Industry Council
2nd Floor, 460 Pacific Highway , ST LEONARDS, NSW 2065, PO Box 1208, Crows Nest, NSW 1585
http://www.amic.org.au/
9.3. Related MarketLine research
9.3.1. Industry Profile
Meat in Europe
Global Meat
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Meat in Australia
Industry Profiles
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