Blog icon

Opportunities identified by the Roadmap could be worth $25 billion by 2030. The goal to grow our share of emerging food markets complements the National Farmers' Federation strategic target to reach $100 billion in farm gate output by 2030, which similarly expects a growth rate of approximately four per cent per annum.

This growth will require investment in science and technology to create the next wave of products and services that will meet the needs of tomorrow's global customers.

This report provides an economic valuation of the full range of opportunities identified in the 2017 CSIRO Food and Agribusiness Roadmap.

The opportunities

These opportunities are driven by growth in Asian-Pacific markets and consumer preferences for sustainable and natural foods.

One of the largest chunks of the $25 billion pie is fortified and functional foods. This opportunity includes foods and beverages that contain added health ingredients and nutrients for intended nutritional benefits. Examples include probiotics and omega-3 oils added to yoghurt and milk and antioxidant rich breads, cereals and beverages.

Alternative proteins, foods that are consumed as substitutes to meat as part of one's diet, could see high growth with products such as plant proteins and emerging opportunities such as insect-based ingredients which are becoming more popular.

Convenience meals such as pre-prepared or frozen packaged meals sold by supermarkets, grocery stores and other home delivery ready meal services is likely to be another high growth sector.

Pie chart showing a break down of the economic analysis and market sizing for Australian food and agribusiness.

Titled A piece of the $25 billion pie:

  • alternative proteins = 18 per cent
  • personalised nutrition = two per cent
  • vitamins and supplements = 14 per cent
  • fortified and functional = 27 per cent
  • convenience meals = fifteen per cent
  • luxury and novel products = eight per cent
  • agri-tourism = five per cent
  • free-from and natural = 11 per cent.

Australia's National Science Agency.

Pie chart showing a break down of the economic analysis and market sizing for Australian food and agribusiness.

Harnessing the opportunities

Growth in the sector will require continued innovation and investment by all players in the food industry. The 2017 Roadmap outlined five key growth enablers:

  • Traceability and provenance
  • Food safety and biosecurity
  • Market intelligence and access
  • Collaboration and knowledge sharing
  • Skills

Read the report

Growth opportunities for Australian food and agribusiness PDF (4 MB)

Growth opportunities for Australian food and agribusiness [digital version]

Want to learn more about how food and agribusinesses can harness these opportunities? Talk to CSIRO Futures about how we can help.

Contact us

Find out how we can help you and your business. Get in touch using the form below and our experts will get in contact soon!

CSIRO will handle your personal information in accordance with the Privacy Act 1988 (Cth) and our Privacy Policy.


First name must be filled in

Surname must be filled in

I am representing *

Please choose an option

Please provide a subject for the enquriy

0 / 100

We'll need to know what you want to contact us about so we can give you an answer

0 / 1900

You shouldn't be able to see this field. Please try again and leave the field blank.