SHANGHAI, May 17, 2012 /PRNewswire-Asia/ -- China has surpassed the US to become the world's largest food and grocery retail market, new research from IGD has revealed. According to IGD's findings, which were published (4 April 2012), the Chinese grocery sector was worth GBP607bn (US$963bn) at the end of 2011. By 2015, the Chinese market is forecast to be worth GBP918bn compared to a US value of GBP675bn, IGD predicted.
To enable the global food and beverage suppliers to access this high-growth market, leading event organiser, UBM Live, today announced that it is expecting to gather over 2,200 local and global exhibitors and over 45,000 industry professionals at its annual event Food ingredients Asia-China, Health ingredients & Natural ingredients China. Held on 26-28th June at the Shanghai International Expo Centre, Fi Asia-China, Hi & Ni China will be co-located with Natural & Nutraceutical Products China and CPhI China, and is set to be biggest event in the region dedicated to food ingredients and health/nutraceutical markets.
Over 3 days key industry stakeholders will look to build unique strategic partnerships and discuss development opportunities in China and across the globe. UBM Live can also confirm that over 80% of visitors are senior level decision makers ready to purchase quality ingredients. And over 15% of visitors are specifically looking for health related ingredients and products, giving the health ingredients suppliers a dynamic chance to immediately benefit from this inspiring growth market.
New exhibition zones highlighting high-growth potential health sector
Along with the increasing interest in health preservation, many functional foods aiming to increase the life wellness are in top demand. Particularly, the Traditional Chinese Medicine (TCM) based functional foods play an important role in shaping the industry.
Fi Asia-China, Hi & Ni China has therefore developed a Traditional Chinese Medicine (TCM) Zone and Vita Zone to create a centralised area showcasing the industry. They will highlight the latest product development in these industries and reveal potential opportunities for the future. A high class forum will also unite key industry players to discuss relevant market initiatives that will drive development, showcase cutting-edge innovations and look to forge new strategic business partnerships.
To receive free entry to the show, please register at www.fiasiachina.ingredientsnetwork.com/register
Contact:
UBM Sinoexpo
Ms. Lydia Ma
Marketing Executive
T: +86 21 6437 1178 Ext. 396
E: Lydia.Ma@UBMSinoexpo.com
W: www.fiasiachina.ingredientsnetwork.com
