Food & Beverage West Africa
Food and Beverage West Africa is the premier exhibition dedicated to West Africa’s food and beverage industry.
International food and drink businesses drawn to new trade show in Lagos. Anticipation builds ahead of Lagos’ new international food and drinks trade show. Food and Beverage West Africa, a new international food and drinks trade exhibition in Lagos, Nigeria, will create new opportunities for local businesses.
Owners and people working across the food retail, distribution, catering and hospitality sectors can meet with representatives from more than 150 exhibitor companies from 20 countries at the show which opens its doors from June 18th to 20th 2019. With free admission, more than 5,000 visitors are expected to attend the three-day event at the Landmark Centre on Victoria Island. Nigerian businesses are well represented, accounting for a third of exhibitors!
Food & Beverage West Africa will showcase opportunities in Nigeria. More than 150 food and drink businesses, both local and international, are set to take part in a new trade show in Lagos, Nigeria.
Food and Beverage West Africa (FAB) launches on Jun 18th-20th at the Landmark Centre, Victoria Island. IMF ranking: Largest economies in Africa by GDP in 2019. The International Monetary Fund (IMF)’s have recently revealed that Nigeria and South Africa are among the largest economies in Africa with a combined Gross Domestic Product (GDP) which is around $750 billion in the year of 2017/18.
According to the African Exponent, there will have to be conscious practical efforts in improving the non-oil sectors if the continent can compete with top economies in the world. 1. Nigeria With a population of over 200 million, Nigeria’s GDP is in excess of $376.284bn, successfully contributing towards being the largest GDP on the African continent. Nigeria’s largest resources and export is oil, however the countries other non oil resounces consist of Peanuts, Palm Oil, Cocoa and increasing growth within the tech nidustry. 2. South Africa is a close second to Nigeria with a overal GDP of $349.299bn. 3. Wholesale Food and Beverage Exhibitors Nigeria, Africa. Food and Beverage West Africa is ideally positioned to bring food and beverage manufacturers, and exporters from across the world together with regional importers, suppliers, wholesalers, distributors and retailers to make connections and do business. Most shoppers continue to use the traditional marketplace, but these are responding to the need to modernise.
Retailers are looking for the latest innovation in products and deals on established favourites, whether sourced locally or imported. And with an increasing consumer interest in convenience and quality, supermarkets and hypermarkets are starting to gain in market share in Nigeria. More than half of shoppers will use them, and sales account for 26% of spend of an estimated US$60 billion industry sector, according to Nelson Nigeria Shopper Trends 2017 report. It means food manufacturers and suppliers are looking to increase brand awareness on supermarket shelves.
Soft Drinks Industry Likely to Grow 15% in 2019. The Nigerian soft drinks industry is on a growth path after experiencing declines in the last few years, said Mr Chinedum Okereke, Managing Director of La Casera Company, one of the leading players in the sector.
Okereke disclosed this recently in a wide ranging interview with the media covering the performance of the sector and his company’s activities over the last year as well as projections through 2019. The veteran of the drinks industry with 28 years’ experience said that the sector witnessed a 9% growth in 2018 after posting declines in 2016 and 2017. According to him, 2019 is projected to grow about 15% if the socio-political and macroeconomic environment remains positive.
In terms of trends, the MD said the industry is witnessing a marked shift to PET bottles from the traditional returnable glass bottles (RGBs) which has been a fixture in the industry for the past 60 years. To read more – Click Here Source – Beverage Industry News, April 2019. Protein Supplements Market Worth $21.5 Billion By 2025.
The global protein supplements market size is expected to reach USD 21.5 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.3% over the forecast period.
Increasing number of fitness centers, gyms, and health clubs signifies rising inclination towards healthier lifestyle. Quora. Nigeria Spends $60m Annually on Fish Imports. Nigeria spends $60m on the importation of fish annually, the Minister of Agriculture, Chief Audu Ogbeh, has said.
Ogbeh said this when he received a delegation of private investors from The Netherlands in his office, according to a statement issued on Thursday by Mrs Oluwakemi Ogunmakinwa. The minister also asked the delegation led by the Ambassador of The Netherlands to Nigeria, Marion Kappeyne, to assist the country in cattle breeding. Ogbeh declared the readiness of the Federal Government to collaborate with the Government of The Netherlands on improved seeds/seedlings in order to boost agricultural production in the country.
He commended the government of The Netherlands for its numerous support to Nigeria towards the development of agriculture, adding that Nigeria looked forward to further high-level engagements with The Netherlands especially on improved seeds. To read more – Click Here Source – Punch, March 2019. Under 30 Business. Meet Africa’s 30 young entrepreneurs and next generation billionaires running their own businesses. The list is in no particular order. Yannick Nzonde, 29, DRC Co-Founder: ATI Groupe Nzonde is a brave man. Five years ago, he founded ATI Groupe, a construction company, with the R6,000 ($478) he earned from renting out his friend’s BMW that he had borrowed for a weekend. This is a long way from where it all began when he was only 14.zonde is a brave man.
“I had bought a watch from a local market place in DRC for $5. It marked the start of a rewarding entrepreneurship journey. “I have always been the person to find solutions to problems and people have always come to me. Why you F&B Suppliers Should Consider a Food Exhibition in Africa. A food and beverage expo in Nigeria is something any supplier or retailer should consider if they want to expand their business.
South African firm begins selling “insect milk” Food Exhibitions, Africa and opportunities. Nigeria Soon to be World’s Food Basket – Osinbajo. Vice-President, Yemi Osinbajo has claimed that Nigeria is now the food basket of the world.
Speaking at the Nigerian-German Investment Dialogue in Berlin, Germany, Osinbajo said Nigeria is a leading investment destination for potential and serious investors. According to him, “He said consumer spending in Africa was $1.4 trillion by 2015, with Nigeria, Egypt and South Africa accounting for more than half of that total,” Osinbajo said. There is also increasing economic opportunities in Nigeria because of deliberate actions by our government to diversify the economy and improve the business environment.”
“It is encouraging that there are significant economic ties between Nigeria and Germany. Germany is a significant exporter to Nigeria, which is its second largest trading partner in Africa. “Investments in milling capacity has risen astronomically since then, with one investor putting a million tonnes of milling capacity into the market. Which are the best trade shows? Food Fair Nigeria. How many exhibitors exhibit trade shows? FMCG Export Nigeria. An Insight Overview on FMCG Export to Nigeria We currently have four (4) confirmed continents who will have pavilions at our Food Fair in Nigeria. Up Your Marketing Game With Food & Beverage Exhibition West Africa.
In case you have created some amazingly new f&b products, and you are looking for the best spot where to build and maximize your clientele, then Food And Beverage Exhibition West Africa offers you a chance to show your talent.
Announce Your Brand On A Bigger Stage Nigeria is seeing an explosion in the F&B sector especially food & grocery retailing. Nigeria houses more supermarkets and hypermarkets than any other country in Africa. Food & Beverage Exhibitions Lagos, Nigeria, West Africa.