Indusfood-Tech 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.
Indusfood-Tech preregisters and prescreens buyers and trade visitors from India, Asia, Africa and CIS countries to ensure fruitful meetings which leads to business opportunities.
Indusfood-Tech 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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