Jammu Tawi, April 18
Nuts and Dry fruits market riding on annual consumption growth of about 20 per cent in last couple of years in volume terms is expected to double by the year 2020 on rising demand of health conscious and nutritious food.
“The Indian dry fruits market is currently pegged at an estimated volume of approximately 450,000 tonnes. But, its size is estimated to reach over 1 million tonnes in volume by 2021 with the buoyant growth. The nuts and dry fruits industry in India is a very old one. However, in terms of demand, consumption has taken off only in recent years. From being a ‘luxury’ product, it has shifted to a ‘health and necessity’ category over the last few years. India consumes about 6-7 per cent of total nuts and dry fruits produced world wide “, said Mr. Raju Bhatia- Ambassador of International Nut and Dried Fruit Council (INC) , Spain headquartered global body of nut and dry fruit industry in India.
“A combination of factors such as increasing awareness of health needs and alternative medicine, increasing disposable income levels, better availability, right packaging, consistent quality, adequate product communication (labeling), newer products such as Cashewnuts, Almonds, Walnuts, Raisins ,Figs, Pistachios, Hazelnuts and Pecan Nuts, , are leading to a healthy growth of about 20 per cent year on year for the Nuts and Dry Fruits industry in volume terms. This is much ahead of the CAGR growth rate of 5.3 per cent for the dry fruit market and 6.5 per cent for the nuts market in the Asia-Pacific.
“About 1000 global producers, importers, processors, marketers and nutrition experts from more than 60 countries of the edible nuts and dry fruits industry with focus on growing Indian market will be meeting at the Three day 37th Edition of The world Nut and Dried Fruit Congress to beheld in Chennai, India for the First time from May 19-21 , 2017. The Congress held every year in various parts of the world provide a unique environment for participants to learn, do networking and share knowledge and experiences and features latest trends, Update on nutrition research studies on health, nuts and dried fruits and Update on industry statistics, crop forecasts, supply, consumption and market dynamics. scientific food safety and regulations.” Said Mr Bhatia who is also playing key role in coordinating the Congress
“The major highlight of the congress will be Nut and Dried Fruit Round Tables, Nutrition Research Update, Scientific Seminar, INC Awards, Exhibition Area and Social Events shape it as a multi-faceted must-attend congress. The program during the Congress will include lecture by keynote speakers: Gopi Kallayil- Chief Evangelist and Brand Marketing at Google; Gurudev Sri Sri Ravi Shankar- Spiritual and Humanitarian Leader.” said Mr Pratap Nair , another Ambassador of Global body INC. and chief coordinator of the event.
“The program will also include a Nutrition Research Update, chaired by Professor Jordi Salas-Salvadó (INC World Forum for Nutrition Research and Dissemination) featuring Dr. Richard Mattes (Distinguished Professor of Nutrition Science at Purdue University, USA), Dr. Viswanathan Mohan (President & Director- Madras Diabetes Research Foundation, India) as guest speakers. Scientific Seminar will be conducted on technological improvements in the cashew industry, chaired by Pino Calcagni (INC Scientific and Government Affairs Committee) and presented by Prakash Kalbavi (Kalbavi Cashews).” ” said Mr Pratap Nair.
Another major highlight will be the Exhibition of Dry fruits and nuts featuring booths of different companies from all over the world. The participants will display their products/services to attendees- who can be the potential buyers Another feature will be Golden nut Awards to be feted to Mr. K. Ravindranathan Nair, Ravi, for his contribution to the cashew business and pivotal role in accelerating the distribution of nuts worldwide. Excellence in Research Award will be bestowed to Dr. Richard Mattes-an active researcher in the area of nuts. Excellence in Gastronomy Award will be awarded to Bukhara Restaurant, located at the ITC Maurya Hotel (New Delhi). Innovation Award, will be decided by the delegates by voting through at the congress.