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Meet to focus on fallout of lifestyles on food biz

Meet to focus on fallout of lifestyles on food biz
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First Published: Mon, Sep 17 2007. 12 47 AM IST

High demand: Growth rates in the food industry are highest in the case of branded foods, health foods and convenience foods.
High demand: Growth rates in the food industry are highest in the case of branded foods, health foods and convenience foods.
Updated: Mon, Sep 17 2007. 12 47 AM IST
Kochi: Companies and experts in the food ingredients business from 26 countries will meet in Mumbai on October 3-4 to discuss isssues related to the fallout of changing lifestyles on the industry.
The two-day conference, Food Ingredient India 2007, built around the theme of “food ingredients for lifestyle changes” is being organized by CMP Information which
High demand: Growth rates in the food industry are highest in the case of branded foods, health foods and convenience foods.
is part of London-based business-to-business media and market information company United Business Media plc., in association with Protein Foods and Nutrition Development Association of India, an industry body. The conference will focus on local and global issues affecting the food ingredients industry and will feature nationally and internationally acclaimed experts, said Bipin Mehta, project director, CMP.
The conference will bring together manufacturers, processing specialists, service providers and other experts in the field of food ingredients and help explore industry trends, test new products, view the latest developments and network, he added.
A clear estimate of the size of the food industry in India is not available. Mehta claims it is around Rs4,000 billion. The unorganized sector accounts for almost 80% of the industry.
Growth rates in the industry are highest in the case of branded foods, health foods and convenience foods. Semi-processed, cooked and ready-to-eat foods are growing at 20% due to the growth in the middle class and the changing demands of consumers.
Mehta said that people wanted “processed food products having the same taste attributes of original home-made ones”, or “have lesser calories”, be “easy to use”, or be long shelf-life products.
The conference will be addressed by V. Prakash, director of the Central Food Technological Research Institute, B. Sesikeran, director of National Institute of Nutrition, Ravi Naware, CEO of ITC Foods, and V. Krishnakumar, managing director of Geneva-based Giract, a research and consulting firm.
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First Published: Mon, Sep 17 2007. 12 47 AM IST