2010 growth industries in Australia

According to research by Global Food Markets, the biggest growth industries in Australia over the next few years will be water (particularly mineral water), coffee and ice cream.

Private labels are also expected to increase in sales, due to the financial situation and strong marketing. This segment is actually low compared to that in Europe, where private labels hold a large section of many markets.

It is believed that the demand for more healthy and convenient options, as well as premium concepts will drive growth expectations. According to Global Food Markets, both coffee and ice cream are expected to approach, or even exceed, $A1 billion in market value by 2012 (less than 2 years away).

Global Food Markets is suggesting that the following are the sectors with the highest expected sales growth (percentage growth is shown in brackets) through to 2012;

1. Mineral water (19.3%)
2. Coffee (13.9%)
3. Ice cream (12.2%)
4. Cheese (10.9%)
5. Chewing gum (10.7%)
6. Chocolate confectionery (10.7%)
7. Sugar confectionery (9.8%)
8. Butter (9.7%)
9. Bakery products (8.8%)
10. Milk & Cream (8.8%)