Australia: Food Processing Ingredients

Australia has proven to be an appealing and profitable market for U.S. companies for many years. Apart from an extremely strict quarantine regime, it offers few barriers to entry, a familiar legal and corporate framework, and a sophisticated, straightforward business culture. While it is important to understand and appreciate Australia’s cultural differences, the long and successful history of U.S. firms in Australia suggests the potential of this market. Australia’s food, beverage, and grocery sectors account for one-third of the country’s total manufacturing industry. In 2021 food industry turnover totaled A$116 billion (US$77.6 billion) a rise of one percent over the previous year. The industry is comprised of over 16,000 enterprises.