If the growth of Vitafoods is any indication of the growth of the functional foods marketplace, the industry is in a great spot despite the economy. The overall size of the show has grown by 50% in the last four years. The show hosts believe the growth has a direct correlation to a growing interest in health and wellness juxtaposed with the obesity crisis.
"As waistlines grow alarmingly, so do concerns regarding the impact that an unhealthy population could have on everything from medicine to the economy," says Chris Lee, event director for Vitafoods International and Finished Products Expo 2009. Vitafoods will touch on this theme with VitaTrend, a joint initiative between Innova Market insights and Vitafoods with four presentations on trends in nutraceuticals and functional foods, demographic challenges and marketing specific ingredients to specific segments of the population.
In addition, experts from EAS will offer free advisory sessions on the latest in regulatory and strategic advice on marketing, health claims, novel food and labeling requirements.
Lee affirms that the show is the best bet for the money in these trying times. "Gone are the days of hopping plane after plane to visit potential partners across the globe," he says. Adding that since every penny must be justified, trade shows offer the "best way to get the most out of a tight budget."
One of the highlights of the Finished Products Expo is the tasting bar, which offers hundreds of visitors easy access to information? and a first-hand experience to the latest innovations in functional foods and beverages.
The global functional foods industry was valued at $80 billion in 2008. The US market holds the largest share in the nutraceuticals sector (35%), Asia following at 25% and the EU market is valued at $8 billion. Vitafoods is the EU global marketplace for each of these sectors to network and connect to buyers.
Supplier Seminar Theater
Last year the Supplier Theater attracted more than 800 attendees with 20 sessions dedicated to new product launches, innovation and research.