A billion dollar loss. A $3.5 billion dollar bet on Australian protein. And a reporting season that said more about manufacturing decisions than it did about margins. Welcome to the August edition of PLAY, your monthly wrap-up of the biggest stories shaping Australia’s food and beverage manufacturing industry. Let’s get into it.

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.

Funding opportunities for NSW food and beverage manufacturers

NSW Food and Beverage manufacturers are invited to join an upcoming information session at the Advanced Manufacturing Readiness Facility (AMRF) to learn about funding and support available to help businesses innovate, grow and improve competitiveness.

Nourish Ingredients scales Creamilux in Europe

Nourish Ingredients has completed a 10-tonne industrial production run of its animal-free dairy fat, Creamilux, at SD Guthrie International’s facilities in the Netherlands, under a partnership that gives the Australian company European manufacturing capacity without building its own plant.

Bubs secures US FDA approval for infant formula

Bubs Australia has received permanent regulatory authorisation from the US FDA for its three infant formula products – Bubs Goat, Bubs 365 Day Grass Fed, and Bubs Essential.

Elixinol exits US as losses narrow

Elixinol Wellness has completed the sale of its US business and reported a narrowed first half loss, with revenue up 5.8 per cent to $7.2 million and gross margin close to 10 per cent higher as the group concentrates on its Australian food and wellness brands.

Fine Food Australia closes “best show yet”

Fine Food Australia has wrapped its 2026 edition reaffirming its position as the largest food and hospitality trade event in the Southern Hemisphere.

Packaging News

Economic analysis commissioned by SPSA estimates national recycling reforms could deliver up to $278m in net productivity gains and stimulate up to $2.6b in capital investment each year.

A cross-sector open letter is urging national leaders to agree on a pathway for regulated producer responsibility schemes at the September Environment Ministers Meeting.

Colgate-Palmolive, Mars, Nestlé, PepsiCo, Procter & Gamble and Unilever are the founding members of the PaperFlex Consortium, convened by the Ellen MacArthur Foundation.