About the Show:

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 20-21-22, September 2024 at HITEX Exhibition Centre, Hyderabad, India. As to improve its worth further, there will be concurrent shows addressing the needs of the different related sectors, 14th GrainTech India 2024 and 13th DairyTech India 2024.

The 15th edition of India's largest food and agribusiness exposition series, India Foodex, 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.

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

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.