The food and agribusiness sector grew 80 per cent over the last eight years with the assistance of Food Innovation Australia, according to the former Industry Growth Centre’s final impact report.
The report, to be released on Thursday, comes as the former government-funded centre looks to continue its focus on supporting small to medium-sized enterprises as an independent, not-for-profit organisation.
Managing director Dr Mirjana Prica said that with the sector already producing four to five times the food needs of Australia, future growth opportunities for the sector will come from overseas markets and through SMEs.
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