GULFOOD PREVIEW
33
GULFOOD 2018
MEGA SHOW TO
CONSOLIDATE
UAE'S LEAD ROLE
IN GLOBAL FOOD
AGENDA
T
he 2018 edition of Gulfood, the world's
largest annual food and beverage trade
event and the first major international food
industry trade show of the year, will further
strengthen the UAE's lead role in setting the
global food agenda, according to the
exhibition organisers, Dubai World Trade
Centre (DWTC).
Citing the long-established reputation of
Gulfood as a key driver in fostering innovation
across the local, regional and global food and
beverage supply chain, DWTC officials revealed
on-site sales generated by 95,000-plus buyers
and visitors at Gulfood 2018 - which runs from
18-22 February - will contribute heavily to a
global food market expected to generate
revenues of USD3.03 trillion by 2020,
according to Research and Markets, a Dublin-
based market research company.
With the global food market due to register
a compound annual growth rate (CAGR) of 4.5
per cent from 2015 to 2020, the UAE food
and beverage market alone is anticipated to
reach a valuation of AED82 Billion (USD22
billion) by the end of the decade, according to
Euromonitor International.
“In attracting the Middle East's largest trade
industry audience, generating huge
transactional volumes every year on the show
floor, and setting global foodstuff commodity
prices, Gulfood is the region's premier food
and beverage industry platform - it underlines
Dubai's leading role in the global food sector,”
said Trixie LohMirmand, Senior Vice President,
Exhibitions & Events, DWTC.
“With regional investment in food production on
the rise, international manufacturers see the Middle
JANUARY - MARCH 2018
FOOD BUSINESS GULF & MIDDLE EAST