15/04/2022 – Event / Annapoorna / ANUFOOD / India / Expo Trends / Mumbai
Annapoorna ANUFOOD India to explore key trends shaping India’s F&B industry
The highly anticipated Annapoorna – ANUFOOD India returns to Mumbai in September this year, as India experiences flourishing demand and impressive growth trajectories across numerous segments of the food & beverage industry.
Food and beverage production in India is emerging as a highly profitable industry. The sector accounts for about three per cent of India's GDP and roughly two-thirds of the country's total retail market today. Moreover, revenue from the food & beverage sector is expected to grow at a CAGR of 14.2 per cent from 2020–2024.
Keeping abreast with the latest trends, Annapoorna – ANUFOOD India seeks to connect participants with the numerous segments of F&B producers showcasing their innovations at the premier trade fair later this year. The much-awaited trade fair returns to Bombay Exhibition Centre in Mumbai, India, from 14-16 September 2022.
Join thousands of exhibitors at Annapoorna – ANUFOOD India in September to expand your business and leverage upon the myriad growth trends in this flourishing market.
Register as an Exhibitor here
Boom times for gourmet, packaged, bakery and dairy
The gourmet food market in India has been experiencing significant growth in recent years. Food tastes in the country have shifted from traditional to global due to a shift in consumer preferences. Ever increasing demand is observed for a variety of high-quality food products, sophisticated tastes, and premium products across the market.
Meanwhile, demand for packaged foods is expected to double in the Indian market over the next 5–10 years – including formats for packaged bakery and dairy products, canned and frozen processed foods, ready-to-eat meals, diet snacks, meats, health products, and beverages. In particular, packaged food use is increasing in urban areas due to a high level of income, a high standard of living and convenience.
India’s bakery market is being driven by growing demand for biscuits and cookies, rapid advancement in technology, and increasing population. India is considered the third largest biscuit manufacturing country in the world and one of its leading biscuit exporters today.
The final key trend focuses on the dairy industry, given that India is the leading producer and consumer of milk across the globe, and is expected to grow by about 9–11 per cent in 2022. Increased per capita consumption of milk and milk products is driving improvement in quantity and quality of production across this segment.
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