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India’s retail sector consolidates under impact of Covid-19

India’s retail sector consolidates under impact of Covid-19

India’s agriculture-related imports grew 14% between 2013 and 2019, from US$22 billion in 2013 to $25 billion in 2019, according to USDA/FAS data. Its main imported agrifood products are tree nuts, fresh fruits, and prepared foods, 20% if which comes from the US. These imports are being driven by millennials, affluent professionals, brand-oriented importers, modern retail outlets, e-commerce channels, mobile e-commerce and trend-setting restaurants. Imported packaged and consumer ready foods are becoming widespread in gourmet stores, in small neighbourhood stores and on e-commerce platforms. India’s food processing sector continues to expand and is increasingly seeking high-value ingredients for new, innovative product lines. The hospitality sector is also growing, driven by consumer demand for a greater variety of high-quality foods and beverages

Covid-19 has had a dramatic effect on India’s food retail sector, leading to greater industry consolidation. India’s largest food retailer, Reliance, has teamed up with WhatsApp to expand its presence in the e-commerce market, connecting its Kirana stores to its online platform and supply chain. Recent media reports indicate that Reliance is close to acquiring Future Group’s retail business, which would further solidify its place as India’s dominant food retailer.

Photo: Emirates Business

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FOODAGRO AFRICA 2020 to host exhibitors from over 26 countries

FOODAGRO AFRICA 2020 to host exhibitors from over 26 countries

East Africa’s premier International food & agriculture exhibition is set to host exhibitors from over 26 countries in Nairobi from 18-20 November, 2020. FOODAGRO AFRICA 2020 will showcase top products, equipment and machinery. Building on the success of previous events, FOODAGRO AFRICA 2020 just gets bigger and better. Also contributing is the recognition of Kenya as one of the major access point in Africa and the huge volume of imports in the country for its own consumption for over 40 million consumers. Last year, Kenya imported goods valued at US$200 million and re-exported goods worth $520 million.

An enticing mix of consumer interaction and industry presence, the show boasts not only the highest attendance per day, but also the highest business dealings per individual. The number of exhibitors and visitors in 2020 is expected to rise by at least 20% since an aggressive campaign has been launched while celebrating the event’s 20th birthday. Trade visitors from all over East & Central Africa are being invited directly and in collaboration with several regional trade bodies in Kenya, Tanzania, Ethiopia, Uganda, Somalia, Mozambique & Congo.

This year’s show has an exciting line-up of both local and international companies and is an ideal platform for product launches, finding new buyers & distributors, promoting brand names & image, updating existing customers and updating oneself with the latest in the industry. The FOODAGRO AFRICA 2020 is the place to learn more about what’s new on the food, hotel, kitchen & agriculture scene and present your own products to consumers and potential clients. The experience and comments of exhibitors at previous events indicate substantial gains from unexpected foreign visitors and we strongly feel that a rise in such statistics would ensure business, especially for the foreign participants, who form almost 80-85% of the exhibition.