Indus FoodTech will enable International and Indian food processing machinery and equipment manufacturers to showcase their latest technology to leading food processors from India, Asia, Africa and CIS countries. India represents a massive food market and latest technology is the need of the industry to meet the growing demand of value added Food and beverage products.
India's food sector has emerged as a high-growth and high-profit sector due to immense potential for value addition within the food processing industry. The Processed food market is expected to grow to $543bn by 2020 from $322bn in 2016, at a CAGR of 14.6%.
India having a population base of 1.3 billion offers a large demand driven market, with a retail sector that is expected to triple by 2020. Total consumption of the food and beverage segment domestically is expected to reach to US$1.142 trillion by 2025.
India's food ecosystem offers huge opportunities for investments in the food retail sector. The Indian Food and Retail market is projected to touch $828.92bn by 2020 & the Indian annual household consumption to triple, making India 5th largest consumer by 2030.
Indus FoodTech preregisters and prescreens buyers and trade visitors from India, Asia, Africa and CIS countries to ensure fruitful meetings which leads to business opportunities.
Indus FoodTech takes place concurrently with Indusfood 2020, world's food supermarket where India's biggest food processers showcase their products to global buyers. Over 500 Indian F&B suppliers showcase their products to over 700 buyers from over 70 countries.
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