The Dubai World Trade Centre will be the venue for the international food exhibition, Gulfood 2024, from 19 to 23 of February 2024. The event is the catalyst for discussions on industry trends and innovations, with the aim to put pressure on the critical issues in the global food market.
In the midst of the lively environment of Gulfood, Indian companies representing the poultry, dairy, and meat sectors will be displaying their products and innovations. This shows that India has a great influence on the global platform and there is a huge potential for growth and improvement in these sectors.
India’s livestock, dairy, and fisheries sectors are integral parts of the economy, making a substantial contribution to GDP. These sectors have a cumulative market share that is over USD 285+ billion. Their growth rate is higher than that of many other agricultural segments. The nation is consuming more livestock and fisheries products at an increasing rate, which is a reflection of the increasing demand. The growth of technology and sustainable practices is driving the livestock, dairy, and fisheries market in India, which present a very strong platform for strategic investment and collaboration.
The global food system is in a process of transformation as a result of changes in consumer taste and technological developments. Along with the growing population of the world, the demand for quality food supplies is on the rise creating numerous business opportunities for countries like India to use their assets and fill the gap in the global market.
In this context, LDF India becomes a major player by providing a convergence point for the stakeholders in the livestock, dairy and fisheries industries to be together in the same place. Organized by Aqua Farming Technologies and Solutions Pvt.Ltd (AFTS) and HITEX Exhibition Centre, LDF India shall be held from 3rd to 5th October 2024 at the HITEX Exhibition Centre in Hyderabad.
The latest innovations in aquaculture, livestock, dairy, and fisheries can be explored by participants at LDF India. This is an event that aids in the creation of effective dialogues, collaborations and the identification of issues and opportunities facing these key sectors.
India’s influence in the world food market is shown in great market values. Livestock industry, which is the largest sector in terms of population, reached a market size of US$ 120 billion in 2020, with the projected Compound Annual Growth Rate (CAGR) of 7.5% from 2021 to 2026. The dairy industry, as the biggest agricultural commodity, grossed a market size of US$ 140 billion in 2020, with a CAGR of 15.6% projected from 2021 to 2026. As for the fisheries industry, with a market size of US$28 billion in 2022, it is forecasted to grow at 6.3% CAGR from 2021 to 2026.
As the excitement grows around LDF India 2024, the industry stakeholders wait for a revolutionary event that celebrates growth, innovation and collaboration. By focusing on presenting the most updated innovations, LDF India is expected to play the main role in determining the future of the livestock, dairy, and fisheries sectors in India.
In conclusion, the convergence of global players at Gulfood underscores its significance as a platform for showcasing the best of the global food industry. The participation of Indian companies highlights India’s growing influence and importance on the global stage. Through events like LDF India, India’s leadership in the livestock, dairy, and fisheries industries is further emphasised, paving the way for continued growth and innovation in these sectors.
