Australia: Retail Foods
Link to report:
Health, wellness, and the environment continue to be key purchasing factors for Australian consumers. Portion sizes are increasingly important as consumers want quality over quantity, and they expect packaging to be informative and environmentally responsible. The value of food and liquor retailing in Australia rose by four percent in 2019 to A$163.9 billion (US$115.7 billion). Supermarket and grocery expenditures continue to account for the bulk of food retailing purchases with a share of 69 percent. The United States accounted for US$1.2 billion (11 percent) of Australia’s total food related imports in 2019. Despite the effects of COVID-19, Australia’s economy is expected to recover relatively quickly, and the market remains an excellent opportunity for U.S. exporters.
