Minister for Agriculture, Food and Fisheries Leon Bignell said VTT has been appointed the lead contractor for the Study of Functional and Luxury Food Value Chains into Asia and Australia.
The study is to help identify opportunities for South Australia’s growing food and wine industry.
“VTT are world experts in developing new concepts for the food and beverage sector and turning these concepts into tangible products,” Mr Bignell said.
“Increasing exports is an integral part of the State Government’s priority to continue to sell our premium food and wine to the world.
“South Australia’s food industry is a major contributor to our economy, generating more than $15 billion in 2013-14.
“Food exports account for about a third – or $3.7 billion - of our total merchandise exports.
“This study investigates how South Australia can continue to innovate and take advantage of opportunities in Australia and Asia.”
The first stage of the study involved extensive consultation with the local food industry.
It also identified locally sourced ingredients – such as dairy and seafood - which could potentially be further developed into luxury products.
“With this knowledge, scientific evidence and future exploration, this study will help producers of South Australian food to capitalise on their initial products.”
Co-Chair of the Steering Committee and Economic Development Board member Professor Göran Roos said VTT is developing a road map for the food and wine industries.
“It will tell us where we are now, where we want to be and what we need to do to expand into the high value-added, high margin food and wine markets in Asia.”
For more information visit www.pir.sa.gov.au/food