As consumer demand in India changes direction, the food industry continues to grow, in one of the world's most successful economies
India has the second largest population in the world and the tenth largest economy. It also has the eleventh largest consumer market in the world. It is no wonder that India has become an essential player in the global food ingredients market. AC Nielsen previously named India as a hotspot for food manufacturers, food producers and food ingredient professionals and the country has become an integral part of the global food ingredient network. India has also become one of the most important destinations for food investment, with its food industry growing at an annual rate of 17%. The bridge linking India to the rest of the world is becoming stronger and Food ingredients (Fi) India is at the forefront of the action. It provides a global portfolio extending from the iconic tradeshow, to online platforms with the world's leading suppliers and buyers, to the high-level industry specific conferences.
From 29 September - 1 October 2014, India will play host to this fully dedicated food ingredients show and Fi India are working to gather hundreds of the leading food ingredient suppliers and 6,000+ visitors and industry professionals. Included in this powerhouse line-up are the likes of ADM Agro, Roquette, Matrix, Mintel and many more. This specialised food ingredients event focuses on innovation and consumer trends, providing a platform for key professionals from around the world to link to this flourishing Indian market.
Matthias Baur, Portfolio Director, Food ingredients Global, provides his viewpoint: "The buying power at Fi India has increased by around 20% in recent years, with seniority of attendees now mainly being CEOs, directors and presidents. Along with the increased buying power and economic growth, a relaxation in import policies, growth of organised retailing, increased urbanisation and an increase in middle class, the lifestyles and food habits are changing across India. This is opening the doors for imported foods, fast foods, health foods and innovative food ingredients from across the globe."
Fi India is part of the Food ingredients Portfolio and works at extending the Food ingredients brand into regions where they have opportunities to engage with new customers and also present new business growth and opportunities to their existing client base. With the key focus on customer insight, sourcing, business development and innovation and trade, in a region with one of the fastest growth rates in the world, Fi India is the most cost-effective platform to source new ingredients, grow market share and is the key stepping stone to enter India's food ingredients market.