What’s driving food expenditure to record levels
AUSTRALIA’s recent population growth has been the key driver of a near doubling of domestic food consumption over the past 20 years, according to new ABARES research.
ABARES executive director, Dr Steve Hatfield-Dodds, said that while a lot of attention had been focused on performance in export markets, domestic producers have been successful in competing for a growing share of household expenditure as our incomes have increased.
“The good news story of this research is that while household food consumption expenditure continues to grow, so do our net food exports,” Dr Hatfield-Dodds said.
Dr Hatfield-Dodds said average spending on food per person has increased from $2950 in 1988–89 to around $3780 in 2016–17 in real terms.
“Household food budgets as a share of after-tax income have fallen overall since 1988–89, flattening out in recent years,” Dr Hatfield-Dodds said.
“The story here is not just how much we are eating, but what we are eating—and that depends on how much you earn.
“Higher income households have shown a willingness to pay a premium for quality food, while price is a key factor in the way lower income households shop for their food.
“There is a trend across the whole Australian population to spend more on eating meals out and fast foods.
“Eating out and eating fast foods now makes up 34 per cent of household food spending, up from 25 per cent in 1988–89.”
Food demand in Australia: trends and issues 2018 includes: data on food consumption by income, age and net worth; production and trade analysis; and, an examination of food security issues.
- Food production and consumption in Australia have nearly doubled since 1988-89
- Food exports have risen to $39 billion, increasing 6.5 per cent a year since 2009-10
- Domestic food consumption has also doubled over the past 20 years
- Total national household consumption is $92 billion
- Imported food only makes up around 15 per cent of that total
Minister for Agriculture David Littleproud says the report shows Aussies are supporting our farmers and choosing to buy Australian produce..
“This report shows consumers’ want clear food labelling and to be informed, and food producers should be listening to that message,” he says.
More information is available on the ABARES website.
Also this edition of Australian Food News
- The future of supermarket checkouts has arrived
- Surging growth for tummy-friendly milk
- Solutions arriving in war on food waste
- Proseal follows Queen’s award with new TTe tray sealer
Impressed Juices is expanding its product range to include new flavours and larger product sizes.
Spending on e-groceries is expected to triple by 2022, according to projections by the globally res...
Aldi Australia has the potential to be bringing in AUD $15 billion in annual sales by 2020 says a ne...
Grocery baskets could soon be filling up with more organic food as Millennials become parents concer...
One of Australia’s leading and largest certified organic grape grower and winemaker, Angove Organic...
SumoSalad is on the hunt for new restaurant locations as part of a change in business strategy for t...
A GOVERNMENT economic survey of Australian vegetable-growing farms of the last two years shows a 12 ...
The Australian Department of Defence is now accepting tenders for the supply, warehousing and distri...