Egypt’s food and beverage industry is looking to expand its global export footprint and leverage growing demand for halal products, with a major promotion scheduled for next week’s Gulfood in Dubai.
Around 167 Egyptian companies will participate in the 21st edition of Gulfood, the world’s largest hospitality and F&B trade show, which runs from February 21-25 at Dubai World Trade Centre (DWTC).
DWTC senior vice president exhibitions & events Trixie LohMirmand said: “Though a long-standing Gulfood partner, Egypt is bringing a much wider, multi-commodities exhibitor profile to Gulfood in 2016, covering suppliers of freshly frozen fruit and vegetables, chocolate biscuits, dairy and dates.
“There appears to be renewed impetus among Egyptian producers given that food exports are accounting for increased revenues in export earnings, and that the country is well placed to seize the demand momentum for halal produce.”
In 2014, Egypt shipped $26.8 billion worth of goods around the globe with vegetables, fruits and nuts featuring among the country’s top five exports.
Between 2010 and 2014, Egypt’s exports of vegetables reached $1.2 billion and accounted for 4.6% of all exports while those of fruits and nuts jumped to $1.1 billion and represented 3.9% of export totals.
“New Egyptian product areas are emerging, as evidenced by the spread of products at this year’s Gulfood pavilion,” said LohMirmand.
“Meat and seafood preparations are Egypt’s fastest-growing export category soaring 805% between 2010 and 2014 to reach US $8.8 million. The country is also gaining a foothold with cocoa exports, which are up 238% over the same period to US $148.5 million.
LohMirmand adds that Egypt also stands to gain significantly from the global upsurge in halal food product demand, which is expected to grow to a US $2,537 billion market by 2019 and account for 21.2% of global food expenditure.
Intelligence advisory BMI Research has forecast that total food consumption will account for a compound annual growth of 11% until 2019 with per capital food consumption growing just over 9% over the same period.
“The BMI forecasts make for a highly interesting two-way trade scenario as Egypt looks to grow its own food and beverage production capabilities, service high domestic demand and look to earn foreign exchange by widening its export base in terms of geography and product profile,” said LohMirmand.
“We anticipate business sealed for Egypt at the show being something of a case study in Gulfood’s ability to serve up more trade and unearth more trends.”
More than 5,000 international companies from 120 countries are to take part in Gulfood 2016 – the largest in the event’s 21-year history.
The show will feature 117 national and industry pavilions – five more than last year – and is expected to attract 85,000-plus visitors from more than 170 countries including heads of state, ministers, government officials and national trade associations from five continents.
BNC Publishing is the conference producer for the Gulfood Conference 2016, and Catering News Middle East is the official publication of the show.
To register for the Gulfood Conference, and receive complimentary access to the five-day Gulfood exhibition, please email Gulfood@bncpublishing.net