Contribution to the economy
The Australian food and agribusiness industry could be worth $250 billion by 2030 if growth can continue at historical rates (~2.4% per annum).
Australia’s diverse food and agribusiness industry consists of agriculture, food and beverage manufacturing, and areas such as aquaculture and fishing. When considering domestic consumption and export components of GDP the industry is estimated to have contributed 11% or $187 billion towards Australia’s GDP in 2018.
Titled: Total food and agribusiness industry
- Export opportunity is $52 billion
- Domestic consumption is $135 billion
- Export opportunity is $73 billion
- Domestic consumption is $177 billion
See full report for methodology and references.