Report: Government Support Could Make Australia a Leader in Food Biotechnology and Biomanufacturing

A new report emphasizes the opportunity for Australia to become a leader in food biotechnology and biomanufacturing, calling on the government to support this growth. Collaborating organizations have highlighted the importance of food security in safeguarding national security and see these innovations as a solution. The report outlines 25 recommendations across five priority areas to accelerate the commercialization and adoption of food biotechnologies.

Australia has the potential to lead in the market for biomanufactured foods, with strengths such as sectoral momentum, food safety standards, and research capability. However, government support is crucial to maintain competitiveness against global competitors. The report urges immediate action to build sovereign capability in food biotechnology, underscoring its critical role in both national food and security.