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Australia Copra Meal Market Size, Share, Trends, Growth: By Type: Organic Copra Meal, Synthetic Copra Meal; By End Use: Horses, Cattle, Others; By Distribution Channel: Offline, Online; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Australia Copra Meal Market Outlook
The Australia copra meal market size is expected to grow at a CAGR of 3.7% between 2024 and 2032.
Key Takeaways
- In 2022, Australia was the world's top exporter of sheepmeat and goatmeat, and the fourth largest exporter of beef, trailing Brazil, India, and the United States.
- Australian beef exports reached 855,000 tonnes, lamb exports hit a record 284,257 tonnes, while mutton exports rose by 2%.
- In Australia, live cattle exports declined by 22%, with Indonesia being the primary destination.
Copra, derived from coconut husks, is a valuable feed ingredient used widely in animal nutrition. After removing the husk and drying the coconut flesh, copra meal is produced, rich in nutrients that enhance animals' immune systems and contribute to high-quality milk and meat production. It serves as a nutritious fodder for various animals such as horses, cattle, sheep, poultry, and pigs, offering protein ideal for animal fattening. The growing demand for copra meal in the animal feed industry is driven by its nutritional benefits and suitability for organic farming practices thus, driving the Australia copra meal market growth.
Amid global challenges such as the pandemic and geopolitical tensions, logistical disruptions have affected feed ingredient availability, leading to price surges in the market. In response, protein-enriched copra meal (PECM) is being explored as a viable alternative to imported soybean-based feed, offering benefits for feed manufacturers, animal producers, and consumers. The increasing demand for animal products further fuels the adoption of copra meal, contributing to the growth of the animal feed market.
Copra meal's nutritional advantages, including its protein content and dietary fibre, make it an attractive choice for animal diets, promoting digestion and gut health while enhancing animal performance. Additionally, copra meal's role in stabilising the immune system and improving feed conversion efficiency underscores its significance in animal nutrition. The rise in meat production, particularly in pork and poultry, underscores the importance of copra meal as a feed ingredient due to its protein-enhancing properties and immune-boosting effects on animals driving the Australian copra meal market development.
Market Segmentation
Australia Copra Meal Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Organic Copra Meal
- Synthetic Copra Meal
Market Breakup by End-Use
- Horses
- Cattle
- Others
Market Breakup by Distribution Channel
- Offline
- Online
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Western Australia
- Australian Capital Territory
- Others
Competitive Landscape
Key players in the copra meal in Australia manufacture and provide products to support the end-users.
- Compass Feeds Pty Ltd
- Stance Agricultural Pty Ltd.
- Energreen Nutrition Australia Pty Ltd.
- VVRS Australia Pty. Ltd.
- Riverina (Australia) Pty Limited
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
|
| Breakup by End Use |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Australia Copra Meal Market Overview
8.1 Key Industry Highlights
8.2 Australia Copra Meal Historical Market (2018-2023)
8.3 Australia Copra Meal Market Forecast (2024-2032)
9 Australia Copra Meal Market by Type
9.1 Organic Copra Meal
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Synthetic Copra Meal
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Australia Copra Meal Market by End Use
10.1 Horses
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Cattle
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Others
11 Australia Copra Meal Market by Distribution Channel
11.1 Offline
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Online
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Australia Copra Meal Market by Region
12.1 New South Wales
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Victoria
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Queensland
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Australian Capital Territory
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Western Australia
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Compass Feeds Pty Ltd
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Stance Agricultural Pty Ltd.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Energreen Nutrition Australia Pty Ltd.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 VVRS Australia Pty. Ltd.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Riverina (Australia) Pty Limited
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia Copra Meal Market: Key Industry Highlights, 2018 and 2032
2. Australia Copra Meal Historical Market: Breakup by Type (USD Million), 2018-2023
3. Australia Copra Meal Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Australia Copra Meal Historical Market: Breakup by End Use (USD Million), 2018-2023
5. Australia Copra Meal Market Forecast: Breakup by End Use (USD Million), 2024-2032
6. Australia Copra Meal Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
7. Australia Copra Meal Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
8. Australia Copra Meal Historical Market: Breakup by Region (USD Million), 2018-2023
9. Australia Copra Meal Market Forecast: Breakup by Region (USD Million), 2024-2032
10. Australia Copra Meal Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 3.7% between 2024 and 2032.
The market is categorised according to its type, which includes organic copra meal, and synthetic copra meal.
The key market players are Compass Feeds Pty Ltd, Stance Agricultural Pty Ltd., Energreen Nutrition Australia Pty Ltd., VVRS Australia Pty. Ltd., Riverina (Australia) Pty Limited, and others.
The market is driven by factors that include nutritional benefits and suitability for organic farming practices, increasing demand for alternative meals for feedstock animal feed, among others.
The market is categorised according to its end-use, which includes horses, cattles, and others.
To produce 1 kilogram of copra with a moisture content below 5%, it typically requires a yield of at least 5 to 6 coconuts. Conversely, for regular copra with a moisture content exceeding 7%, a minimum of 4 coconuts is typically needed.
Copra meal sourced from the coconut milk industry typically comprises approximately 4.07% crude protein, 36.22% fat, and 72.61% crude fibre.
The Philippines, Indonesia, and India collectively account for approximately 70% of the world's total copra production.
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