Mumbai, 9th November 2017 (GNS) : UBM India, India’s leading exhibition organizer, brought in the 12th edition of Food ingredients India & Health ingredients (Fi India & Hi), the most comprehensive B2B show in the Indian Sub-Continent for food and health ingredients, processing and packaging industry today in Mumbai at the Bombay Convention and Exhibition Centre. The three day trade expo (9th – 11th November ) was inaugurated by key dignitaries — Mr. R.. B. Smarta, Secretary HADSA; Mr. Prabodh Halde, President, AFSTI; Mr. P. Muthuraman, Director, FSSAI; Mr. Yogesh Mudras, Managing Director, UBM India and Mr. Rahul Deshpande, Group Director, UBM India amidst an august industry gathering.
The expo rotates annually between India’s two promising food hubs i.e Mumbai and New Delhi. The 2017 edition of Fi India & Hi in Mumbai offers opportunities for industry players to take advantage of the growing food manufacturing hub in West India.
With a legacy of 12 years, Fi India is once again hosting 3 days of free, on-site seminars on health ingredients, food processing and packaging. The seminars are being organised in alliance with a variety of Indian associations and cover both technical developments and market trends. Day 1 featured sessions on ‘How regulations are facilitating the Indian Nutraceutical Industry’; ‘Progressive Nutraceuticals in the market – Sports Nutrition, Fortified Foods, Medical Nutrition’; ‘How do Pharmacopoeias help the Dietary Supplements Market?’;‘Role of Pharmaceuticals in the development of Nutraceutical Markets’; ‘Innovation in Ingredients’ and ‘Monk fruit juice – A 100% natural alternative that delivers natural and great tasting sweetness’. Day 2 will see a seminar by AIFPA on ‘Opportunity and Regulatory Challenges in the Import & Export of Food Ingredients’ and a FSSAI initiative — ‘New initiatives to build a nationwide ecosystem for food safety’ amongst others. Day 2 will also see a discussion on ‘FSSR 2011 to 2018 – Impact on food industry’ by industry minds from Mondelez International, Farm to Fork Solution, Exelon Food, NuFFoods Spectrum, and TUV India. Day 3 will see sessions on ‘Clean Label Natural Products are Safe and Healthy ‘; ‘Locust Bean Gum (LBG) & its Food application’and ‘Encapsulation – Technology of Encapsulation for better nutrition values in foods’.
This year, the expo introduced a new feature – A Guided Discovery Tour with Nutrimarketing experts on topics like Everything Proteins, Health & Wellness & Bakery Innovations. Other exciting highlights of the expo this year includedan Expo Foodtec Pavilion which is dedicated to Food Technology, Processing and Packaging companies, a comprehensive China Pavilion, a Health Ingredients Trail and a special Fi India &Hi Cookery workshop. The workshop involves a two-day live demonstration on latest food trends by Celebrity Chef Rakhee Vaswani and includes sessions on — Indian Fusion Dhamaaka, Fancy Bread Making, Exotic Eggless Desserts and Festive Fiesta – Party appetizers and dips using ingredients on display at the expo itself.
At the inauguration of the expo, UBM India announced the soft launch of ProPak India which will be co-located with Fi India & Hi from the next edition. ProPak India will be a comprehensive, one of its kind event in India; With India being one of the top five markets for packaged foods, the expo will serve as the most significant platform in India for the industry to meet, network, conduct business, witness latest technology and solutions, exchange ideas and knowledge. With a turnover of $24.6 billion and a growth rate of 13% to 15% annually, the Indian packaging industry is expected to reach $72 billion by 2020.UBM has a strong foothold in key industry segments like Food, Pharma and Cosmetics. Packaging being the most integral part of these industries, the thought behind launching this expo is to capitalize on UBM India’s strength within the industry and explore the potential of this niche segment in India as there is no dedicated exhibition catering to this sector.
Speaking at the inauguration of Fi India and Hi 2017, Mr. Yogesh Mudras, Managing Director, UBM India said,“Food ingredients is a multi-billion dollar industry that is growing worldwide. A Revolution in the food and beverage industry, particularly in the processed food domain, has generated countless possibilities for new product development. Changing socio- economic demographics has also led to increased awareness pertaining to the quality standards of food products. Consequently, a focus on the superiority of ingredients that goes into the making of these finished products has also increased. In the 12th edition of Fi India & Hi, UBM India is offering a truly international showcase of food ingredients for three days under one roof to discover and develop businesses. I am sure that it will also help comprehend trends in niche segments such as wellness and natural ingredients that are being increasingly valued by health conscious consumers.”
“This year, we are also proud to announce the launch of ProPak India which will be co-located with Fi India and Hi from next year. With a turnover of 24.6 billion USD and a growth rate of 13-15 per cent annually, the Indian packaging industry is expected to reach 72 billion USD by 2020. Currently being one of the lowest in per capita consumption of packaging in the world, this sector in India is bound to gain importance as we move towards processed food. UBM India with ProPak 2017 aims to bring in a revolution in this niche but growing industry by providing successful meetings, knowledge exchanges, networking and business opportunities for participants from the Food, Drink and Pharmaceutical industries,” he further added.
The Indian food ingredients market:
· The Food ingredients market in India which was about $700 mn in 2016, ( less than 0.2% of the Global Food Ingredient Industry estimated at $400 bn) is seeing a rapid expansion amidst increasing consumption of processed foods and rising preference for ready-to-eat meals.
· The market is dominated by food flavours and taste enhancers which make up for a considerable share. Among the segments, sweeteners have the highest growth rate while South is the region which holds the largest share amongst all the regions on the account of high number of food processing industries.
· Two main ingredients that are always in demand are dietary fibre and antioxidants because of their much importance in enhancing human health. The Indian Food Ingredients sector will gain momentum over time, with a growing interest from the private equity community to invest in the sector.
· The Indian food and grocery market is the world’s sixth largest, with retail contributing 70 per cent of the sales.
· The Indian food processing industry accounts for 32 per cent of the country’s total food market, one of the largest industries in India and is ranked fifth in terms of production, consumption, export and expected growth.
· It contributes around 8.80 and 8.39 per cent of Gross Value Added (GVA) in Manufacturing and Agriculture respectively, 13 per cent of India’s exports and six per cent of total industrial investment.
· The Indian gourmet food market is currently valued at US$ 1.3 billion and is growing at a Compound Annual Growth Rate (CAGR) of 20 per cent. India’s organic food market is expected to increase by three times by 2020.ENDS