Australia Agribusiness Market 2025 | Industry Trends, Growth, Size, Share and Forecast by2033

Market Overview

The Australia agribusiness market size reached USD 68.0 Billion in 2024. The market is projected to expand to USD 87.1 Billion by 2033, with a CAGR of 2.79% during the forecast period from 2025 to 2033. Growth is driven by technological advancements, a rising demand for sustainable farming, export opportunities via trade agreements, and increased government support for innovation and infrastructure development. Adaptations to climate change and evolving supply chain logistics also contribute to the market's robust outlook.

How AI Is Reshaping the Future of the Australian Agribusiness Market:

• AI-driven solutions are fostering precision agriculture methodologies that enhance crop yields and optimize resource usage.
• Government initiatives, such as the On-Farm Connectivity Program (OFCP), support AI adoption by providing technology rebates and improving connectivity for smarter farming solutions.
• Companies like Elders Limited are leveraging AI in strategic acquisitions to expand rural market presence and service delivery.
• Emissions calculators and scenario planners developed through AI help farmers manage environmental impact effectively, supporting carbon reduction goals.
• AI-enabled ag-tech collaborations, exemplified by Commonwealth Bank of Australia's partnership with Ruminati, empower agribusinesses with sustainability tools.
• AI-integrated digital platforms facilitate supply chain optimization and operational efficiency, aligning with global food demand trends.

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Market Growth Factors

The rising global demand for Australian agricultural products is a significant market growth driver. Premium, safe, and sustainably produced food items from Australia have attracted markets in Asia and the Middle East, where consumers favor high standards and clean agriculture. Trade agreements such as the Comprehensive and Progressive Agreement on Trans-Pacific Partnership (CPTPP) and free trade pacts with India and ASEAN countries have lowered tariffs and opened export channels. This increased market access is critical in enhancing revenues and reinforcing Australia's position as a reliable supplier in global agricultural trade.

Foreign investment is propelling the growth and modernization of Australia's agribusiness sector. Investors are acquiring and consolidating farmland, attracted by the stable economy, advanced farming infrastructure, and favorable agro-climatic conditions. This capital influx enables large-scale modernization, including precision agriculture and automation. Consolidation leads to economies of scale, making Australian producers more competitive globally. Moreover, foreign investors contribute global expertise and technology, enhancing operational effectiveness and market sustainability.

Climate-resilient production strategies are increasingly adopted as a response to environmental stressors and climate variability. Australian agribusinesses implement water-efficient irrigation systems, drought-resistant crops, and soil moisture monitoring tools to sustain productivity amid changing weather patterns. These science-based and sustainable land use practices minimize risks associated with climate extremes and help stabilize yields while preserving ecosystems. Such adaptive strategies not only reduce operating costs but also ensure the sector's resilience, positioning Australia to meet domestic and international food demands sustainably.

Market Segmentation

Product Insights:

• Grains and Cereals
• Dairy
• Oilseeds
• Livestock
• Others

Application Insights:

• Agrichemicals
• Seed Business
• Breeding
• Machinery and Equipment

Regional Insights:

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

Key Players

• Elders Limited

Recent Development & News

• January 2025: The Australian government announced a USD 20 Million investment in the On Farm Connectivity Program (OFCP), aiming to enhance ag-tech adoption among farmers by addressing connectivity gaps. The program provides rebates for technology, thereby boosting productivity and sustainability in farming operations.
• November 2024: Elders Limited agreed to acquire Delta Agribusiness for USD 475 Million. Delta operates 68 locations and serves approximately 40 independent wholesale customers. This acquisition is set to augment Elders' capabilities and expand its presence in key rural markets, with completion expected in the first half of 2025.

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