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The largest integrated F&B trade show in South Asia, IndusFood concludes
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Monday, 16 January, 2023, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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The 6th edition of IndusFood, the largest integrated F&B trade show in South Asia and the biggest ever edition concluded at Hitex, Hyderabad.
Trade Promotion Council of India, organised it for the first time in Hyderabad. Trade Promotion Council of India is a notified trade body in the Foreign Trade Policy and approved by the department of commerce, Government of India.
The show has attracted 1300 major international buyers from 80 plus countries. Nearly 600 Indian companies with export-oriented products put up their stalls. The three-day event is expected to negotiate aggregate business deals worth $ 1 billion plus.
Indus Knowledge Hub, a novel initiative to fuel knowledge-driven collaboration unveiled at IndusFood at Hyderabad. The Telangana Government had the special pavilion. Eleven MSMEs from the State showcased their products.
One of the major features of this year is the presence of mainstream buyers in large numbers, which have so far been a critical challenge for Indian exporters.
“India’s F&B exports were recorded at $42 billion in 2021, growing at a CAGR of 6.7% YoY since 2017. Correspondingly, processed food exports have grown at a particularly robust pace of over 20% during the period to reach $8 billion in 2021. During January-October, 2022, processed food product exports have further accelerated by 32% YoY to reach $ 8.6 billion,” Singla added.
Top global sourcing giants of the F&B industry such as – Mohamed Mustafa & Samsuddin Co Pte Ltd (Singapore), Shrijees Supermarket (Tanzania), Apna Bazar (US), Grand Hyper (UAE), Nesto (UAE), Choithrams (UAE), Lulu Group International (UAE), Noon.com (UAE), City Centre Central Markets (Kuwait), Babasons WII (Bahrain) and many more visited the show.
Indusfood 2023 has given focussed attention to domestic F&B opportunities, considering the strong growth potential in the Indian market. A number of modern trade players, e-commerce firms, QSRs, airlines and startups from India will be present at the marquee event.
Millets, the wonder crop to combat climate change, were the spotlight product category at Indusfood 2023. This is in commemoration of the International Year of Millets 2023, which was announced by UN General Assembly. The event featured an extensive range of millet-based food products, sessions by industry experts and exclusive millet recipes by celebrity chefs.
Indusfood 2023 featured a variety of food & beverage products from India, including raw and processed, alcoholic/non-alcoholic, organic, healthy, plant-based, ready-to-eat and ethnic, across over 16 zones. Furthermore, plant-based food, health food, organic and dairy categories have seen stronger participation.
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