Over the past four years, AlphaBeta has worked with the Food and Agribusiness Growth Centre, Food Innovation Australia Ltd (FIAL), to identify ways in which Australia’s food and agribusiness sector can innovate and respond confidently to changing markets.
This latest report ‘identifies the relevant business opportunities for Australian food and agribusiness through to 2030 and the associated jobs and skill requirements’, states FIAL.
The Capturing the Prize report identifies 19 Growth Opportunities with potential to grow the annual value-addition capability of Australia’s food and agribusiness sector from its current $61 billion per annum to more than $200 billion p.a. by 2030.
The Growth Opportunities identified are supported by 10 Future Trends that are forecast to impact food production and consumption across Australia and its key export markets over the coming decade, and are viewed as having potential to boost the industry’s competitiveness and stimulate employment and economic significance.
These Opportunities ‘are underpinned by rapidly emerging technologies, which transform how food is produced, how it is distributed and tracked in the supply chain, shifting consumer preferences, and how it finally reaches our plates’, states FIAL.
Capturing the Prize has identified that this potential transformation of the food and agribusiness sectors could create an additional 300,000 jobs by 2030.