The future of the agribusiness, food & beverage sector in Australia has great potential.

Policy and investment to support growth and take the ‘Australian Made’ label to new parts of the world provides the right framework. However, closed borders and workforce challenges, and the complex issue of supply chain resilience in the face of unexpected lockdowns has the potential to derail the timelines. Our experts work with some of the nation’s most innovative and exciting brands from across the wide array of the agribusiness, food & beverage sector to take advantage of opportunities and respond to change.

Top trends in Agribusiness, Food & Beverage

  • Doubling the value of F&B manufacturing by 2030
    Doubling the value of F&B manufacturing by 2030
    The MMI has set a target to double the value of F&B manufacturing. To do this, we need to explore new markets.
  • Farm output to increase to $100b by 2030
    Farm output to increase to  $100b by 2030
    That’s a 4% compound growth rate and absolutely achievable with the right strategies and investment.
  • Responsiveness to consumer trends will be a core differentiator
    Responsiveness to consumer trends will be a core differentiator
    Consumers increasingly demand variety and alternatives. It’s essential you have systems in place to track demand fluctuations in all parts of your distribution networks.

Issues impacting businesses in Agribusiness, Food & Beverage

A particularly attractive sector for investors

Despite the numerous lockdowns throughout the COVID-19 pandemic, the essential nature of the Agribusiness, Food & Beverage sector has seen diversification and growth opportunities for many of the market participants. With 1,014 global transactions for the sector from 1 July 2020 to 30 June 2021 (1,104 long-term average), Agribusiness, Food & Beverage has shown its resilience and proven itself as a particularly attractive sector for investors.

Read more in our Agribusiness, Food & Beverage Dealtacker

Making the most of your smarts

The Modern Manufacturing Initiative prioritises the food & beverage sector as an area of strength we can cultivate on the world stage. But look closely, and the increase in production is underpinned by investments in technology to increase efficiencies, promote sustainability, reduce waste and better understand your customer. It’s not as daunting an exercise as you might think – our experience is that this sector has untapped sources of data, and the germs of technological innovation already at their fingertips.

Listen to our take on the opportunities for the sector out of the MMI

Targeting existing and new export markets

To achieve the growth targets we’ve set ourselves for both the agribusiness and food & beverage sectors, we must look at increasing our presence in existing markets and opening up new ones. We know the ASEAN region is a prime opportunity for growth with growing populations and discerning palates and the newly updated EMDG can support that trajectory. However, we should look further afield as well. The recent FTA agreed in principle with the UK in particular benefits our livestock producers and also provides an opportunity for reciprocal movement of skills between Australia and the UK.

Are you an Australian Trusted Trader?

R&D and commercialising the next great idea

Australia has a long history of innovation in the agribusiness, food & beverage space, investing in 'better for you' foods and alternatives to the market. However, we know going from concept to commercialisation can be a tricky process. The support and incentives are there, and our experts in Innovation Incentives understand the nuances to make the system work for you.

Listen as we explore how to commercialise that great idea

We cut through the complexity of compliance

Why is the Australian agribusiness, food & beverage sector so well respected? Because we have stringent requirements around quality and safety. That bar continues to rise as your business grows. Director duties are becoming more complex to cover issues like ESG and cyber security. Export provides an additional level compliance based on the unique requirements for each jurisdiction you operate in. Whether it’s tax, audit or risk, we cut through the compliance and complexity.

Our Agribusiness, Food & Beverage services

Audit

Grant Thornton’s expert audit approach will help you comply with regulations, and improve business strategies and internal processes.

Tax

We work with clients at all stages of their business lifecycle – and through all their organisation’s major events – to navigate tax obligations.

Finance and funding

Our finance and funding team works to access sources of finance, present your case to potential funders and negotiate a long-term sustainable relationship.

Consulting

Our consulting team supports its clients with hands-on and proactive advice on all aspects of their strategies for sustainable growth.

Get in touch

Tony Pititto
Partner & National Head of Agribusiness, Food & Beverage
Tony Pititto
Learn more about Tony Pititto
Tony Pititto
Partner & National Head of Agribusiness, Food & Beverage
Tony Pititto

Get in touch

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Tony Pititto

Grants and concessions to kickstart growth

Grants and concessions on offer paint a helpful picture of where the policy-makers see value and growth opportunity. The agribusiness, food & beverage sector is high up on that list and benefits from both State and Federal support. Grants released by governments are very often highly competitive. Being grant-ready will increase your odds of accessing this government funding.

Podcasts

Listen to Tony Pititto, National Head of Agribusiness, Food & Beverage, talk about trends in the sector right now.

Creating business opportunities through grant program

Client challenge
Client challenge
Client challenge
Interpack is an Australian family-owned company that manufactures a diverse range of customised, quality metal closures for beverage packaging solutions. When COVID-19 disrupted international supply chains across many sectors, it highlighted significant weaknesses within Australia’s domestic manufacturing capability. Until recently, supply of some essential items for Australian food production, such as glass jar closures (twist-off lug caps), were produced overseas with no domestic supplier. Interpack saw an opportunity, identifying they had transferable manufacturing capabilities and knowledge to innovate and manufacture these crucial food closure products to service the Australian market.
The solution
The solution
The solution
Interpack engaged Grant Thornton to help prepare a submission under the Federal Government’s Manufacturing Modernisation Fund (MMF) – a fund that would support them to meet this new goal. Lead Partner Jacky Millership and the team leveraged their extensive experience to demonstrate how Interpack’s project aligned with the objectives of the MMF program, ensuring the proposal rated highly across all merit criteria assessments in a highly competitive process.
The outcome
The outcome
The outcome
Interpack’s MMF application was successful, one of only 86 successful projects. With the Government support, Interpack has become the only domestic manufacturer of these lids, using the latest automation technology to ensure global cost competitiveness of its products. This project enables Interpack to become a reliable twist-off lug cap provider, supporting national food security with Australian businesses no longer purely reliant on offshore suppliers.
Find out more

Opportunities to grow

Client challenge
Client challenge
Client challenge
In 2015, a major South African food company looked to Australia, and Grant Thornton, to continue to expand its business internationally. The entrance into the Australian market was boosted by a deep relationship with a leading retailer. After finding a footprint in the Australian market, it was soon realised that the company’s growth in Australia was dependent on this one customer and limited local networks. The Australian operations were not only losing money but its future was substantially controlled by another organisation’s growth plans.
The solution
The solution
The solution
Leveraging Grant Thornton’s relationships in South Africa, we were able to support our client through the entire process - from initial entry into the Australian market through to scoping expansion plans and advising on the acquisition of new businesses. We provided our client with introductions to their Australian business partner, local banks, a locally-based legal adviser, as well as advice on tax structuring for the Australian business and its owners. We also were able to lead advice on two critical acquisitions — a large agricultural business and a food processing facility.
The outcome
The outcome
The outcome
The recent acquisitions have given our client a significant footprint on Australia’s east coast and made them sustainable in their own right. Freed from dependence on its major customer, the company is now expanding its customer base, while still leveraging the opportunities provided by its largest buyer. Building on the strong platform laid with the company’s recent acquisitions, Grant Thornton is now advising on the identification of future factory sites and acquisition targets.
Find out more

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