National Research, Development and Extension Strategy for New and Emerging Industries – Industry Overview

  • 200 pages

  • Published: 17 Sep 2009

  • Author(s): Foster, M, Bird, J

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This RIRDC publication profiles 35 emerging animal and plant industries, and provides a picture of their overall worth to the Australian economy.

Together the selected emerging industries had an estimated gross value of production of $411 million. They earned estimated export revenue of $240 million. These values are likely to grow in future years because — as the term ‘emerging’ suggests — many of the emerging industries appear to have strong growth prospects.

These figures represent only a subset of emerging industries (ie those listed in this report) and are conservative estimates of value.

New and emerging animal and plant industries make significant contributions to the regions in which they operate by bringing diversity and resilience to the rural sector. They also contribute to the increasingly important niche and specialty food markets.

Of the emerging industries examined, those with a Gross Value of Production over $30 million per annum include game birds, kangaroo, wildflowers and olives.