• Image: AIP
    Image: AIP
  • Image: AIP
    Image: AIP
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Food Innovation Australia Ltd (FIAL) has recognised 50 innovative companies from across the Australian food, beverage, packaging and agribusiness sectors in the fourth edition of its innovation book.

Each year the Australian Institute of Packaging (AIP) collaborates with FIAL to develop the book, nominating Australasian Packaging Innovation & Design (PIDA) Award winners for recognition. For the 2019 edition, six PIDA winners have been recognised in the top 50 and include: BioPak, ICEE Containers, Caps and Closures, Result Group, Lactote and 8 Kangaroos.

The book, Celebrating Australian Food and Agribusiness Innovations, showcases diverse innovations from across Australia’s food and agribusiness industry and the top 50 innovative companies were chosen by an expert panel of judges from industry, academia and research.

The FIAL team has searched far and wide to find some of the best innovations in the country — from small businesses to multinationals, the book showcases 50 innovations from across the whole value chain. From sugarcane packaging to bone broth crisps, the exciting innovations featured in the book are aligned to the five global food and agribusiness megatrends identified by CSIRO. These are: a less predictable planet, health on the mind, choosy customers, one world, and smarter food chains.

FIAL created the book to share the success stories of companies that overcame challenges, in order to inspire the industry and to motivate change. To order your copy of the 4th Edition Innovations Book, visit https://fial.com.au/celebrating-innovations-19

Food & Drink Business

Australia’s native food industry has received a boost – with Indigenous-owned Cooee Foods Australia acquiring native ingredients suppliers, Creative Native Foods – placing it under First Nations ownership for the first time in its 25 years.

The Top 10 remained a stable list this year, with five companies holding their position – Fonterra (#1), JBS (#2), Coca-Cola Europacific Partners (#3), Asahi (#4), and Thomas Foods International (#7). The biggest change was Treasury Wine Estates dropping out of the list, from #10 to #13.

Food & Drink Business and IBISWorld present this year’s Top 100 companies, a ranking of Australia’s largest food and drink companies by revenue. This year reflects a sector positioning itself for immediate term viability and long-term competitiveness.