Inaugural Africa Food Show Launches On Back Of Surge In African F&B Market, Expected To Reach US$1 Trillion By 2030

By Africa.com | Created at 2024-12-09 12:48:34 | Updated at 2024-12-22 08:27:10 1 week ago
Truth
  •  The African Development Bank forecasts a surge in the food and agriculture market from $280 billion annually to $1 trillion by 2030[1] with Africa projected to have the fastest urban growth rate in the world and home to 4 of the 10 fastest growing economies worldwide.
  • To support this growth, dmg events, in partnership with KAOUN International and supported by Gulfood, is launching the Africa Food Show – Africa’s premier B2B exhibition for the food and beverage sector, taking place from the 10-12 June 2025, at the Cape Town International Convention Centre. 

In recent years, Africa has experienced strong economic growth and with its growing population, thriving economies and the emergence of a wealthier middle class, it’s expected that the food and beverage market will exceed $1 trillion by 2030 according to the African Development Bank.

To address this demand, we’ve rebranded Africa’s Big 7 to the Africa Food Show, supported by Gulfood, and organized by dmg events and KAOUN International, who’ll be bringing this exciting event to Cape Town from 10 – 12 June at the Cape Town International Convention Centre, South Africa. As part of the prestigious Gulfood series, Africa Food Show builds on the unparalleled success of the world’s largest food and beverage exhibition in Dubai, the dynamic growth of the Saudi Food Show, and the legacy of Africa’s Big 7.

Addressing attendees at the exclusive launch preview on 10 October 2024, Matt Denton, President of dmg events remarked that,” “dmg events and KAOUN International bring together extensive experience in the F&B sector, a strong local presence across Africa, and a vast global network. This powerful combination positions us perfectly to deliver an exceptional event for exhibitors and visitors. The launch also builds on the momentum of the Saudi Food Show, another successful partnership.”

Through the Africa Food Show, we will unlock the immense opportunities presented by innovation across the F&B industry, highlighting the untapped potential in Africa and playing a part in the continent’s emergence as a global F&B player. Investment in Africa’s F&B sector, and its impact on food security and industrial diversification, will be crucial in realising the continent’s economic goals,” comments Mark Napier, Vice President, Portfolio Growth Food & Hospitality, Dubai World Trade Centre.

“With specialty foods on a massive trajectory, and brand adjacency identified as a super important trend, this is a fantastic opportunity to showcase our amazing under-utilized indigenous products and superfoods to a wider audience with a view to exporting these products in future,” adds Ailsa Wingfield, Managing Director, Circana South Africa, addressing the audience, sharing the latest trends and industry insights into the current food and beverage landscape.

The inaugural Africa Food Show 2025 will be co-located with the Hotel & Hospitality Expo Africa. This powerful combination brings together two leading events under one roof, creating a comprehensive platform for industry professionals across the food, beverage, and hospitality sectors.

Food Next, a strategic conference with the theme of ‘Transforming healthy food systems for climate and health’, will feature as part of the Africa Food Show.  Attendees can look forward to gaining invaluable knowledge-sharing from industry power players and participating in key discussions on trends, challenges, and opportunities over these two days.

For more information, visit:www.theafricafoodshow.com.

Reference:

[1]Unlocking Africa’s $1trn food economy. (2024, April 24). World Economic Forum.

https://www.weforum.org/agenda/2024/04/unlocking-africas-1-trillion-food-economy

Read Entire Article