A new report on New Zealand’s food and beverage export sector shows the sector is successfully achieving growth by investing in added value products and moving up the value chain.
The 2015 edition of the Investor’s Guide to the New Zealand Food and Beverage Industry which shows increasing levels of investment in product diversification and branded high value consumer products.
A key focus of the report is on the 23 emerging high value categories, which now produce a total of $3 billion of exports per annum and have grown at 12 per cent a year over the past decade.
Economic Development Minister Steven Joyce said New Zealand’s food and beverage sector was in the middle of an exciting period of growth.
“Goods with annual export figures between $100-$200 million include chocolate, UHT milk, biscuits, avocadoes, soft drink and beef jerky, between $200-$300 million include pet food and honey, mussels $312 million, and $455 million in infant formula.
“The report also shows that recent investment by the sector has largely gone into further processing, retail products, and new high value categories.”
The report profiles the top 100 New Zealand food and beverage firms, which collectively generate $51 billion in revenue a year.
The Investor’s Guide to the New Zealand Food and Beverage Industry is part of the Food and Beverage Information Project and is available here.