103 pages
Published: 9 Oct 2023
Author(s): Yuyang He, David Pearce, Tingsong Jiang
ISBN: 978-1-76053-427-1
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Emerging industries exert an important influence within the Australian agricultural domain, contributing to the national economy while also facilitating the adaptation to evolving global demand. This horizon scan examines and documents the broad trends affecting emerging industries, both globally and domestically, such as production and key competitor analysis.
Several trends are pertinent to Australia’s emerging agricultural industries. These include environmental developments, such as adaptation to climate change; consumer preferences, such as an increasing focus on health, transparency and ethics; rapid technological developments in agriculture; trends in gluten-free products and plant-based proteins; and changes in macroeconomic policy.
Three types of new and emerging product strategies were identified, each with different underlying factors for success. They are: (1) new products that are direct substitutes; (2) new products to satisfy existing needs; and (3) new products to satisfy new needs.
Further, an overview and discussion is provided of the prospects for eight targeted emerging industries: the broad category of Australian native foods, industrial hemp, insects, native bees, pomegranate, seaweed, sesame and truffles. The identified strengths, weaknesses, opportunities and threats for each industry are the basis for forecasting over the next 10 years.
Maintaining optimal water quality is essential for the success of sea cucumber aquaculture. Inadequate water quality can lead to decreased production of cultured species and...
Industrial hemp (Cannabis sativa L.) has potential for significant growth in Australia due to its wide range of sustainable credentials and uses. The benefits associated...
Globally, there are more than 70 species of exploited sea cucumber mainly from the genera Holothuria, Actinopyga, Bohadschia, Stichopus and Thelenota. Well-dried A-grade product (bêche-de-mer)...
This project delivered an Australian stingless native bee hive assembly, known as the Hive Haven V10, which efficiently and effectively produces a range of native...
Australian native bees play an important and often undervalued role pollinating plants and crops, many of which can’t be pollinated by introduced species. Forecast increased...
AgriFutures Australia has recognised the potential for significant growth of the industrial hemp (Cannabis sativa L.) sector due to its wide range of sustainable applications...
For Asparagopsis seaweed production to become viable onshore, there is a need to source high-quality, low-cost nutrients. Treated waste streams could provide nutrient-rich media suitable...
There is growing interest in how to optimise the cultivation conditions for Asparagopsis spp., which are crucial for its commercial production and economic viability. However,...
