Australia: Food Processing Ingredients Annual

Australia’s food, beverage, and grocery sectors, contribute to a third of all business activity in the manufacturing landscape. According to the Australian Food and Grocery Council, in 2021-22, this sector experienced a seven percent growth in turnover, reaching US$95.1 billion. Australia’s total food processing ingredients imports for 2023 totaled $13.2 billion, with the United States accounting for US$1.1 billion.