The Victorian Government is boosting Victoria’s pulse production with innovative new research that will help solidify Australia as an industry leader and enable local growers to capitalise on the rising global demand for plant proteins.
The funding for a new research project was announced at the Horsham SmartFarm with the Grains Research and Development Corporation (GRDC).
The Grains Research and Development Corporation invested $8.8 million on behalf of Australian grain growers, and $2.4 million from industry collaborators.
This national project seeks to maintain Australia's competitiveness and capitalise on emerging growth opportunities in value addition and provide opportunities to capture value from greater levels of onshore processing that attract higher premiums for growers as well as providing a diversity of markets. said GRDC Chair Sharon Starick.
The four-year project will help Australian pulse producers develop varieties with traits that are driven by the market – supporting Australian farmers to meet market demand and ensure consumers are getting the product they want.
The national project will involve all parts of the pulse supply chain, including 13 subcontractors, food and ingredient manufacturers and processors, as well as an international partner.
The project will capitalise on the growing plant-based protein market, with demand for these foods forecast to surpass $250 billion globally by 2035.
Australia exports on average 2.5 million tonnes of pulses a year, making us the second largest pulse exporter in the world. More than 90 per cent of Australia’s pulses are exported with prices defined by visual quality and used primarily for human consumption with a small proportion sold into the lower value, domestic livestock feed market.
Victoria is a major contributor to Australia’s pulse industry, generating $638 million in export income last financial year. The state is renowned for its strong agriculture sector, advanced research facilities, and focus on food technology and innovation. It also boasts advanced manufacturing, world-class research institutions, and a collaborative ecosystem that encourages innovation.
This investment highlights Victoria’s commitment to sustainable agriculture, supporting economic growth and creating opportunities to meet the rising global demand for plant-based food products.
For more information about the project visit, grdc.com.au.
Explore opportunities in Victoria’s Alternative Proteins sector.
