QTPA Member Alert | IBISWorld Report on changes in global demand, carbon pricing, government funding and technological development will be factors determining which industries will fly and which will fall over 2012-13 ( 24/7/2012)

IBISWorld Report on changes in global demand, carbon pricing, government funding and technological development will be factors determining which industries will fly and which will fall over 2012-13

Organic Farming IBISWorld Industry report X0013

Over the past five years, Australia’s organic farming industry has grown at a robust pace of 11.6% per annum and IBISWorld expects the industry will continue to soar, increasing its revenue by 14.9% over 2012-13 to be worth $578.9 million. Demand for organic produce has been mainly driven by growing consumer interest in sustainable food production and rising disposable incomes. Supermarkets have responded quickly to increasing demand for organic products by increasing organic product ranges to improve accessibility. This has resulted in supermarkets accounting for around 60% of all organic sales. However, IBISWorld expects supply constraints – particularly in the meat segment due to lack of an organised supply chain in regards to organic feed, abattoirs and processors – will continue to limit industry growth.

IBISWorld’s industries to fall in 2012-13

Jim Vaughan

Chief Executive Officer