New & Emerging Industries
New and emerging animal and plant industries make significant contributions to the regions in which they operate by bringing diversity and resilience to the rural sector. They also contribute to the increasingly important niche and specialty food markets.
Together the selected emerging industries have an estimated gross value of production of $411 million. They earned estimated export revenue of $240 million. These values are likely to grow in future years because - as the term ‘emerging’ suggests - many of the emerging industries appear to have strong growth prospects.
Priorities of this Strategy include advancement in the following areas:
- New Product Development
- Production & Supply Chain
- Plant & Animal Breeding/Selection
- Increase Competitiveness
- Capability & Capacity
- Improve Product Quality