104 pages
Published: 10 Nov 2009
Author(s): Lee, Barry
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Australia has a strong and growing processed Asian food market. It is estimated that the market size has increased from 2.7 million consumers in 1993 to 3.5 million consumers today. This growth is a result of Asian migration, tourism and the spread of Asian tastes with bridging consumers in Australia.
The market value for processed Asian foods has increased from an estimated $1 billion in 1993 to $2.4 billion in 2008. This is equivalent to an annual growth rate of over 7%. As a result of this strong market growth, the local Australian food manufacturing industry has also grown, especially for fresh and semi-perishable products. However, imports will remain the major source of supply to the Australian processed Asian foods market.
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