Industry Leader Tony Pititto

National Head of Agribusiness, Food & Beverage

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With an abundance of land and natural resources, and a reputation for quality products, the Australian food and beverage industry is in a strong position for continued growth and investment.

Grant Thornton’s food and beverage industry team understands the opportunities and issues across all sub-sectors of the industry, and across all aspects. We advise at all stages of food and beverage lifecycle - from production through to processing, packaging, distribution, export and beyond – and understand the pressures of running your business and the steps to reaching your strategic goals.

We can help position your business to capitalise on the latest industry trends and innovations and provide expert advice on exports, international trade, merger and acquisitions, supply chain management, financing, tax, audit, and more.

By working with Grant Thornton, our clients gain access to global expertise and relationships throughout the world.

Understanding industry trends

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Growing foreign ownership

Large overseas investors recognise Australia as an important food source for Asia with a reputation for high quality, safe and healthy food. This increasing foreign capital investment is allowing players to increase their scale of operations.

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Industry consolidation

Vertical integration across agricultural segments is causing improved operational efficiency and profitability but is making it difficult for smaller players to compete. There are opportunities to grow through acquisition and to enter new markets with expanded services and capabilities.

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Preference for healthy and whole foods

Consumers are becoming more health conscious and demand for lean protein products, fresh fruit and vegetable and organic produce is increasing, while soft drinks and confectionaries are decreasing.

Case study: Opportunities to grow

In 2015 a major South African food company looked to Australia, and Grant Thornton, to continue to expand its business internationally. Specialising in ready-to eat meals and meal components, packaged fruit and vegetables, bakery items, juices and drinks, and a range of different snack products, the highly competitive Australian market came with a number of challenges for this food and beverage manufacturer.

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