India Foodex 2024: Bangalore Food Products, Retailing, Processing & Packaging

India Foodex : Event Name
Category: Food and Beverage
Event Date: 22 – 24 August, 2024
Frequency: Annual
Location: Bangalore International Exhibition Centre – BIEC, 10th Mile, Tumkur Road, Madavara Post, Dasanapura Hobli, NH48, Bangalore, Karnataka 562123 India
Organizer: Media Today Pvt. Ltd., J-73, Paryavaran Complex, J Block, Neb Sarai, IGNOU Road, New Delhi 110068 India
Phone: +91-11-29535593 / 29535848 / +91-9899380104
Email: indiafoodex@gmail.com
Timings: 10:00 AM – 18:00 PM
Tickets: Visitor Registration Required – Click Here!

14th edition – India Foodex 2024 – International Exhibition On Food Products, Retailing, Processing & Packaging Machinery, HORECA, Hospitality And Allied Industries

India Foodex 2024: Event Profile

Recognizing new opportunities and emerging technologies to implement into the business in gaining a competitive advantage, 15th India Foodex 2024 is going to be organized from 22 – 24, August 2024 at BIEC, Bangalore, India. As to improve its worth further, there will be concurrent shows addressing the needs of the different related sectors, 14th edition of GrainTech India 2024 and 13th edition of DairyTech India 2024.

The 15th edition of India’s largest food and agribusiness exposition series, India Foodex 2024 offered an impressive show of food processing, packaging, storage and warehousing technologies to the visitors and pleased the exhibitors with overwhelming response.

Over the years, the series have gained huge popularity among the leading international players of the sector and provide the opportunity to emerging players to make their mark in the industry. India Foodex 2024 had more than 300 exhibitors, who displayed their products at the show receiving a footfall of over 15000 trade visitors from across India.

​Indian food industry: India Foodex 2024

The Indian food industry is poised for huge growth in terms of F&B Production, export – import, supply chain, distribution and modern retailing. It is also playing an important role and increasing its contribution to the world food trade annually.

In India, the food processing sectors have come out as a high-growth and high profit segments because of its impending potential for new investments. The government of India through MoFPI is making all efforts to encourage more investments; JVs, FDIs, and allowed 100% export oriented units all across India.

Departments like APEDA and other agri-commodities export promotion bodies are taking new steps like making FPOs to encourage cluster-based production with an objective to support farmers and food processing industries.

Market:

The Indian food and grocery market is the world’s sixth largest, with retail contributing 70% of the sales. The Indian food processing industry accounts for 32% of the country’s total food market, one of the largest industries in India and is ranked fifth in terms of production, consumption and exports. The Indian gourmet food market is at present valued at US$ 1.3 billion and is growing at a CAGR of 20%.

The online food delivery business in India is observing exponential growth. With online food delivery players building scale through partnerships, the organized food business has a huge potential and a promising future.

Export: India Foodex 2024

Despite challenges faced by COVID-19 pandemic, India’s export of processed food products has observed a growth of 26.51%. Major processed food products exported from India include pulses, processed vegetables, processed fruits and juices, groundnuts, guar gum, cereals preparations, milled products, alcoholic beverages, and oil meals. Value added products such as processed vegetables, alcoholic beverages, and milled products have witnessed a robust growth of more than 40% in 2020-21.

The export of various other processed items including Indian snacks, sauces, starch products, vegetable flours, malt products etc and pulses grew by 36% and 33% respectively in 2020-21. Considerable exports growth was achieved for the cereals-based products (18%), processed fruits and juices (12%) and Groundnut (7%).

Increase in demand of Pulses, Processed fruits and vegetables, Milled products, cereals preparations and other processed items is seen particularly from Middle East, Far East, USA and UK markets.

A majority of food imports in India are coming from over 30 countries and the high-end consumers, hoteliers & HORECA suppliers are finding it as the preferred food Ingredients. It is reaching masses through modern retails formats and are readily available even in 2-tier cities across India.

Technological Advancements:

Emerging food technologies mark a shift towards sustainable and personalized food choices. Also, the COVID-19 pandemic had a compelling impact of accelerating the adoption of technologies all through the food value chain.

Food producers are digitizing their production floors with robotics, eCommerce, and digital food-management tools. Restaurants are also employing robots for hospitality and cooking, as well as promoting eCommerce. The food industry is tackling the ongoing impact of the COVID-19 situation, towards efficient, transparent, and sustainable operations.

Challenges:

For the growth of the food processing industry, the biggest challenge faced due to dominance of unorganized players, who approximately contribute to 80% of the industry’s volume. The main challenges are:

Potential Sector:

India’s vast agricultural resources alone create huge potential for investments in its food processing and equipment industry. The food processing industry is one of the largest industries operating in India that holds scope for value added processing covering fruit and vegetables; spices; meat and poultry; milk and milk products, fisheries, plantation, grain processing and other consumer product groups like confectionery, chocolates and cocoa products soya-based products, mineral water, high protein foods etc.

The online food ordering business in India is in its nascent stage, but witnessing exponential growth. The organized food business in India is worth US$ 48 billion, of which food delivery is valued at US$ 15 billion. With online food delivery players like FoodPanda, Zomato, TinyOwl and Swiggy building scale through partnerships, the organized food business has a huge potential and a promising future.

Government Support:

The Government’s focus towards the Food Processing Industry as a priority sector is expected to ensure policies to support investments, to attract more FDI and to have double digit growth. Mega Food Parks promote processing facilities in a big way. With the right infrastructure, food processing units will be able to provide a large improvement in the domestic consumption. In order to promote food processing industries, increase level of processing and exploit the potential of domestic and international market for processed food products, Vision Document-2015 was prepared by the Ministry of Food Processing Industries.

The document envisages trebling the size of investment in the processed food sector by increasing the level of processing of perishables from 6 per cent to 20 per cent, value addition from 20 per cent to 35 per cent and share in global food trade from 1.5 per cent to 3 per cent by 2015. According to the Ministry, an investment of Rs 100,000 crore (US$ 14.67 billion) would be required in 2015 to achieve these targets.

The Government of India has also relaxed foreign direct investment (FDI) norms for the sector, allowing up to 100 per cent FDI in food product e-commerce through automatic route. Indian Food Processing Industry has seen significant growth and changes over the past few years, driven by changing trends in markets, consumer segments and regulations. These trends in the future are expected to shape the demand for value added products in India.

As per the PM, India’s Food Processing Industry is expected to increase almost five-fold in next 10 years. India, having access to a vast pool of natural resources and growing technical knowledge base, has strong comparative advantages over other nations in this industry. The Govt. has been approving proposals for joint ventures, foreign collaboration, industrial licenses and 100% EOUs envisaging an investment of Rs. 19,100 crores (US$ 4.80 billion) during the same period.

World’s well established brands in food segment are readily available in India markets like Unilever food products from USA, Agnesi Pasta from Italy, Kikkoman sauces from Japan, Olicoop Spanish Olives, Ong’s oriental food & sauces from Singapore / China, Chocolates & confectionery from Germany, Salad dressings, Canned seafood & vegetables from Australia, baby accessories from Taiwan, Mexican food, corn and Thai products and so on, list is endless.

The Ministry of Agriculture is aiming to double the production of all food crops through National Food Security Mission, NHM, HMNEHS & NHB and disseminating the latest practices of production and post harvest care. The need of the hour in India is increased productivity and building of an effective supply chain to ensure that what is produced in the farm reaches the consumer in good shape. Greater use of machinery has, therefore, become necessary in India to overcome the technical constraints in enhancing production and productivity.

As a result, India is emerging as one of the hottest destinations not only for Food Processing and Packaging Machinery & Equipment imports from European and South East Asian Countries but also for Agro-Food products from international suppliers.

India Foodex 2024: Exhibitors Profile