Emerging Industries

Emerging industries are those new industries with high growth potential. Emerging animal and plant industries play an important part in the Australian agricultural landscape, they contribute to the national economy and they will be key to meeting changing global food demands.

AgriFutures Australia supports a number of emerging rural industries including native plants such as kakadu plum, seaweeds and native pepper, as well as newer additions to Australian agricultural flora such as quinoa, hazelnuts and coffee. Emerging animal industries including sea urchin, camel milk, game birds, working dogs, alpaca and crocodile have also received funding to support RD&E.

Our strategy

AgriFutures Australia has developed a layout for visualising the Emerging Industries Program strategy.

The layout shows distinct developmental phases of emerging industries with guidelines to define them. Success criteria are described for each developmental phase. The Australian Tea Tree Oil industry, for example started at Phase 1 and is now ‘emerged’ as a levy paying industry.

AgriFutures Emerging Industries Program Strategy 2021

*Direct costs of a project are those which would not be incurred unless the project took place e.g. salary, salary on costs, lab supplies, travel etc.

Our goal

We’ve set an ambitious goal of identifying and supporting the emergence of agricultural industries that can reach or exceed a $10M per annum threshold in the next five years.

Funding

Research funding is provided in the context of clear commercial growth strategies for developing emerging industries. Research funding for the AgriFutures Emerging Industries Program is provided by AgriFutures Australia and industry voluntary contributions.

Insight wanted: Valuing emerging industries

AgriFutures Australia is working with Kynetec Australia to better understand the size and evolution of Australia’s emerging industries in order to track future growth and measure success.

Through a combination of interviews and desktop research, Kynetec are working with growers, processors and industry leaders to understand production levels, commodity pricing, growth to date and future plans. Research findings will support the AgriFutures Emerging Industries Program strategy and be used to support allocation of future RD&E funds.

Kynetec are seeking involvement from industry representatives to share commodity data and production information via structured interviews.

For more information or to contribute to this important project, contact:

Melinda Haley
Project Manager, Kynetec
0409 179 758
Melinda.haley@kynetec.com

AgriFutures Australia is committed to working with industry to deliver research and development outcomes. We work in partnership with advisory panels to decide on research priorities and to make investment decisions each year.

• Learn more about the Emerging Industries Advisory Panel
• Meet our Emerging Industries Advisory Panel

Looking to diversify

Farm Diversity is an AgriFutures Australia initiative that allows farmers to search crop and animal production alternatives by type or location to discover what is best suited to their farm.

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