Despite challenging conditions, agriculturally focused industries made their mark in the Australian market, as this year's Top 100 Food & Drink Companies report, developed in collaboration with IBISWorld reveals.
Meat processors had a strong year, benefitting from longstanding export markets that boost performance, with 17 companies in the Top 100 and two in the Top 10 – JBS Australia (#2) and Teys Australia (#6).
AACo rose 13 places to #38 and reported a 34.23 per cent increase in revenue.
Five companies recorded double digit revenue growth: AACo, Bindaree Beef Group (entered the Top 100 for the first time at #34), 31.48 per cent; Kilcoy Pastoral Company, #32, 24.65 per cent; JBS Australia, #2, 11.83 per cent; and Rivalea, #55, 10.24 per cent.
The poultry sector also performed well. Cordina Chicken Farms jumped 16 places to #72, Golden Cockerel 11 places to #80 and Hazeldene’s Chicken Farm nine places to #63.
Top 100: Food & Drink Business Podcast – editor Kim Berry and IBISWorld industry analyst Matthew Reeves dissect this year’s report.
Editorial by Food & Drink Business. All data sourced from IBISWorld.