Australia Retail Food Sector Report 2018

Description

Health, wellness, and the environment continue to be key purchasing factors for Australian consumers. Portion sizes are increasingly important as consumers want quality over quantity and they expect packaging to be informative and environmentally responsible. The value of food and liquor retailing in Australia grew by 6% in 2017 to US$116.7 billion. Supermarket and grocery expenditures continue to account for the bulk of food retailing purchases with a share of 69%.
The United States accounted for US$1.1 billion or 12% of Australia’s total food related imports in 2017. Australia’s economy continues to be strong and the market presents an excellent opportunity for U.S. exporters.