Advanced Manufacturing Food and Beverage Manufacturing Manufacturing in Australia
Growth of the Australian Food and Beverage Manufacturing Market in 2023

Growth of the Australian Food and Beverage Manufacturing Market in 2023

The food and beverage manufacturing industry in Australia has experienced significant growth in recent years, driven by factors such as changing consumer preferences, rising population, and increasing demand for high-quality, locally-produced products.

According to a report by IBISWorld, the food and beverage manufacturing industry in Australia is expected to generate revenue of approximately AUD 131.7 billion in 2020-21, representing an annual growth rate of 2.2% over the past five years.

In particular, there has been a growing trend towards healthier and more sustainable food and beverage products, which has led to increased investment in research and development by manufacturers. This has resulted in the introduction of new products and innovations in the industry, such as plant-based and organic foods, which have been well received by consumers.

Food and Beverage Manufacturing Industry in Australia

The Australian Food and Beverage Manufacturing Industry produces a wide range of products for both domestic and international markets. Some of the main products include:

  • Meat products: Beef, lamb, pork, poultry, and processed meats such as sausages, ham, and bacon.
  • Dairy products: Milk, cheese, yoghurt, butter, cream, and other milk-based products.
  • Vegan Products: Vegan Milk, Vegan Cheese, Vegan Butter, Vegan Crème
  • Bakery products: Bread, cakes, pastries, biscuits, and other baked goods.
  • Beverages: Alcoholic and non-alcoholic beverages such as beer, wine, spirits, soft drinks, and fruit juices.
  • Snack foods: Chips, popcorn, nuts, and other savoury and sweet snacks.
  • Confectionery: Chocolate, candy, gum, and other sweet treats.
  • Canned and frozen foods: Vegetables, fruits, meat, and seafood that have been canned or frozen for preservation.
  • Sauces, dressings, and condiments: Ketchup, mayonnaise, mustard, soy sauce, and other flavour enhancers.
  • Health and wellness products: Functional foods, dietary supplements, and sports nutrition products.

The Australian Food and Beverage Manufacturing Industry produces a diverse range of products that meet the needs and tastes of consumers both domestically and globally.

Another key driver of growth in the Australian food and beverage manufacturing industry has been the increasing demand for premium, high-quality products, both domestically and internationally. Australian food and beverage manufacturers have a reputation for producing high-quality, safe, and sustainable products, which has helped to drive exports and increase market share in countries such as China, Japan, and the United States.

However, the industry has faced some challenges in recent years, such as rising competition from low-cost imports and increasing production costs. In response, many manufacturers have focused on streamlining their operations and investing in technology and automation to improve efficiency and reduce costs.

The Australian government has implemented various initiatives to support the advanced manufacturing food and beverage industry in the country. Some of these initiatives include:

Advanced Manufacturing Growth Centre

The Australian government has established the Advanced Manufacturing Growth Centre (AMGC) to support the growth of advanced manufacturing in the country. The AMGC offers funding, research, and development support to businesses in the food and beverage industry to help them improve their manufacturing processes, increase productivity, and develop new products. Also encourage the industries towards the Industry4.0 transformation, such as using Automation tools, Automation Softwares such as AGVs, AMRs, ASRS, and MES Software.

Industry Growth Centres

The government has also established six Industry Growth Centres that provide targeted support to specific industries, including the food and beverage industry. These centres work with businesses to identify growth opportunities, connect them with research and development organisations, and provide access to funding and investment opportunities.

R&D Tax Incentive

The Australian government offers a Research and Development (R&D) Tax Incentive that provides tax breaks for companies engaged in R&D activities. This incentive is available to companies of all sizes and can help businesses in the food and beverage industry to develop new products, improve manufacturing processes, and enhance productivity.

Export Market Development Grant

The Export Market Development Grant (EMDG) is a government initiative that provides financial assistance to businesses that are exporting products and services to overseas markets. This grant can be used by food and beverage manufacturers to help them expand their international customer base and grow their business.

Food Innovation Australia Limited

Food Innovation Australia Limited (FIAL) is a government-funded organisation that provides support to businesses in the food and beverage industry. FIAL offers funding, research and development support, and business development services to help businesses improve their products, processes, and operations.

Overall, the Australian government is committed to supporting the growth and development of the advanced manufacturing food and beverage industry in the country. By providing targeted support and funding, the government aims to help businesses in this industry become more innovative, productive, and competitive on a global scale.

The Australian food and beverage manufacturing industry is expected to continue to experience steady growth in the coming years, driven by changing consumer preferences and increased demand for high-quality, sustainable products both domestically and internationally.

Manuflux is a fully Australian-based leading provider of Advanced Manufacturing Softwares such as Manufacturing Execution System – MES, MRP System, WMS System, and Data Integration Platform. Our experienced team is committed to providing high-quality solutions to meet the unique needs of manufacturing enterprises throughout Australia and New Zealand. We have a long history in the industry and have earned a reputation for excellence and innovation. Please contact us here to learn more about Manuflux and our services.

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