The food and agribusiness opportunity in Victoria could be worth almost AUD$50 billion by 2030 in value-added, resulting in 198,000 jobs
Taken together, the value of the 19 opportunities assessed in this study could be worth AUD50 billion in Victoria by 2030, in terms of value-added. In perspective, this is over three times the current value-added by the food and agribusiness sector in Victoria. These opportunities could also create over 198,000 jobs – around 35 per cent higher than the state’s food and agribusiness workforce today. On both metrics related to the size of the opportunity – value-added and employment – Victoria ranks the second-highest among all states and territories in Australia behind New South Wales. Pre-farm gate opportunities constitute half of potential value-added and 55 per cent of jobs created. Export markets account for 31 per cent of these opportunities, while 43 per cent of the opportunities cater to improving production standards and supply chain capacity domestically .