Australian Organic Agriculture Market to become Export-oriented

RNCOS has recently released its market research report "Australian Organic Agriculture - Industry Analysis" to throw light on the Australian organic agriculture market. As per the report, the Australian organic food industry is anticipated to move ahead at a CAGR of about 25% during the period 2007-2011.

Owing to the labeling requirements and obligatory certification, Australia has got the international recognition as the dealer of authentic organic products, transforming its primary markets for the export of Australian organic products over years. During the early 2000, Europe accounted for 70% of the exports of Australian organic foods while countries like Singapore, Hong Kong, USA and Japan were emerging as its prospective markets. The BSA updated that by 2010, Australia would have 5% share of the worldwide organic exports making it an AUD 1.2 Billion industry.

The report updates that the growth of Australian agriculture in future is also likely to be driven by the export markets rather than the relatively undersized domestic market. It further says that rapid increase in overseas demand has boosted the growth of the Australian organic industry.