A government-commissioned report aimed at attracting more investment into New Zealand’s growing food and beverage sector says about a quarter of the sector is already foreign-owned.

The Investors’ Guide to the New Zealand Food and Beverage Industry, by Auckland research firm Coriolis, says food and beverage (F&B) exports account for 46% of all goods and services exports – $30.7 billion of the $66.2 billion total in 2014. New Zealand is the world’s largest exporter of dairy products and lamb and a major exporter of beef, kiwifruit, apples and seafood….

There has been long-term growth across all sectors with beverages hitting 14% 10-year compound annual growth rate, compared to processed foods up 11%, and other food up 11%.

The wide range of emerging categories now produce $3 billion of annual exports, including booming infant formula sales with exports rising from $10.7 million in 2004 to $455 million in 2014.

Full article online