Welcome to the July edition of PLAY, your monthly wrap-up of the biggest stories shaping Australia's food and beverage manufacturing industry. This month we're looking at court action, a major take-private deal, alleged tomato provenance fraud, new leadership and investment in manufacturing capability. Let's get into it. 

With foodpro just weeks away and the Hive Awards winners recently crowned, the latest issue of Food & Drink Business is a reminder that an industry grows stronger when it gets in a room together. Our foodpro preview, Hive Awards review, and wrap of ConTech’s 30th conference are testimony to that. There are profiles of foodpro exhibitors, a spirited Rising Star, industry news and so much more.

Our Top 100 2025 edition of Food & Drink Business magazine is more than the annual flagship Top 100 Report. Industry leaders reflect on the year past and the one ahead, we provide our annual news review, M&A wrap-up, and all the executive moves, and a Roman-inspired sports drink, Posca, is our final Rising Star for 2025.

Top 100 2025: Inside the list

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.

A2 Milk earnings growth falls with supply failure

While The a2 Milk Company (a2MC) grew revenue 12.4 per cent to $1.97 billion in FY26, its reported EBITDA and net profit both went backwards due to stock issues in Q4 with its China label infant formula driving consumers to switch brands.

Bush’s Proteins builds towards next phase of growth

Building towards its next phase of growth, Bush’s Proteins has bolstered its team with the appointment of John Edgley as chief development officer and Aaron Yule as head of people.

AUSVEG warns of substantial pressures on growers

Substantial pricing and input pressures on vegetable growers have persisted throughout 2026, while increases in the costs of producing vegetables have not been reflected in retail prices, says AUSVEG.

Designing drinks for the moments that matter

Alcohol has long been part of Australia’s social and cultural fabric, but today’s consumers are taking a more intentional approach. Rather than simply drinking less, many are becoming more deliberate about the role they want each drink to play, choosing beverages that best suit the moment and the experience they want to create. ADM’s APAC Beverages marketing director, Sarah Lim, writes.

New CEO for Bulla

New CEO for Bulla

Family-owned manufacturer, Bulla Dairy Foods, has appointed Peter Hall as CEO. Hall joins in September, returning to Australia after more than 25 years running food and beverage businesses across North America, Europe, Latin America and the Caribbean.

Plant-based meat faces consumer doubts

Meat eaters view plant-based meat as riskier and offering less value than conventional meat, regardless of how it is marketed, according to new Adelaide University research.

Packaging News

Orora’s Australian cans operation has delivered another year of strong growth, helping the packaging group maintain steady underlying earnings despite challenging conditions across the glass market.

Amcor’s latest financial results point to a significantly expanded global packaging operation following its acquisition of Berry Global, with Australian packaging set to benefit from the global expansion.

In an initiative led by Viva Energy in partnership with Nestlé, a limited run of KitKat chocolate bars wrapped in locally manufactured recycled PP is rolling out to stores nationwide, demonstrating the potential for locally collected soft plastics to be returned to food-grade packaging in Australia.