Australia is the world's 12th largest economy, with nominal GDP of US$1.2 trillion and one of the highest levels of per capita GDP in the world. The market for food grocery sales in Australia is concentrated in areas where population and disposable income is the greatest. It is estimated that over 85 percent of the products on Australian supermarket shelves are imported, made from imported ingredients or produced locally by foreign owned companies. In 2015, Australia imported over US$1.5 billion of U.S. food and agricultural products, representing 10 percent of Australia’s total agricultural imports. Consumer oriented products accounted for over 75 percent of U.S. total agricultural exports last year. Australia’s major sources of imports are China, the United States, Japan, Singapore and Germany
Consumers are increasingly demanding foods that are healthy but also convenient, with organic, gluten-free and functional foods growing in popularity. SUSTA companies that have products fitting into these categories have potential in a marketplace that has room for expanded US growth. Best prospects in this market include organic, healthy and natural products, wholegrain chips, energy drinks, mineral and non-sweetened water, functional foods and ethnic based trends particularly Mexican food, spice blends, and marinades.
Recognition of market structure and trends require exporters to understand that the Australian market is well educated, willing to try new product and is committed to healthy, green trends. Innovative packaging has an advantage and is becoming increasingly important to consumers as well. The healthy segment spills over to convenience foods including microwave and fast food options demonstrating a market potential in the food service and frozen food sectors. The U.S. - Australia Free Trade Agreement has provided some advantages for U.S. products, including offering a zero tariff rate for all U.S. food product imports entering Australia. U.S. products are well regarded for their quality and value.
Refund Cancellation Date: No refunds for cancellation after June 15th, 2018
Apply now for 50% CostShare to request 50% reimbursement of travel costs for up to two company representatives (flight, hotel, meals and incidentals), promotional giveaway items, point of sale materials and more! Learn more about 50% CostShare.
SUSTA is an equal opportunity employer and provider.
(Suitable products include, but are not limited to):
Frozen Foods, Herbs & Spices, Beverages, Condiments, Ethnic Foods, Organic Products, Healthy Snack Food, Gluten-free products, Grocery Products
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|Fine Food Australia 2018|
|Event Activities and Prices|
|Fine Food Australia 2018|
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