Hi & Fi Asia-China 2024: Overview Report

Date & Venue:

The Hi & Fi Asia-China 2024 trade fair will take place from June 19 to June 21, 2024, at the National Exhibition and Convention Center (NECC) in Shanghai, China. The NECC is one of the largest convention centers globally, making it the perfect venue for an event of this scale.

About:

Hi & Fi Asia-China 2024 is a leading trade show dedicated to the Food Ingredients (Fi) and Health Ingredients (Hi) sectors. It acts as a hub for professionals across the food and health industries, providing a comprehensive platform to showcase new products, innovations, and market trends. The event brings together suppliers, manufacturers, buyers, and experts from around the world, fostering business opportunities and collaborations. It also provides educational forums, workshops, and discussions on emerging trends and regulations.

Industry Segments:

Food ingredients, Health ingredients, Nutraceuticals, Natural products, Pet food, Functional foods, Dietary supplements, Food processing technologies, Sustainable products.

Market Size & Overview of the Industry Segment:

The Chinese food and beverage market is one of the largest in the world, boasting consistent growth with an average annual rate exceeding 10% over the last decade. This makes China a key market for global businesses in the food, health, and nutraceutical industries. According to recent industry reports, the demand for nutraceuticals and health ingredients is driven by consumers’ growing interest in health and wellness, pushing for innovation in functional foods, probiotics, plant-based proteins, and sustainable products. The event’s focus aligns with these trends, offering businesses a prime opportunity to tap into this expansive market.

Attendance & Participation:

The 2024 edition is expected to host more than 2,000 exhibitors from over 115 countries, showcasing products across 180,000 square meters of exhibition space. The event anticipates 100,000 visitors, including both domestic and international participants. These include industry professionals, business leaders, and key decision-makers from various sectors within the food and health ingredients industries.

Who Should Visit:

Food and beverage manufacturers looking to source ingredients or connect with suppliers.
Health and nutraceutical product developers exploring new ingredients or innovation trends.
Distributors and retailers seeking partnerships and new product lines.
Regulatory professionals interested in the latest industry updates and compliance standards.
Research and development experts focused on cutting-edge food technology and health innovations.
Marketing and business development executives aiming to enhance their presence in the Chinese market and beyond.

Exhibitor Analysis: Hi & Fi Asia-China 2024

Top 5 Major Exhibitors:

Participating Countries:

Total Participating Countries: 20
Top 5 Countries (percentage of total exhibitors):

China – 88(298 exhibitors)
South Korea – 3% (10 exhibitors)
Malaysia – 2% (4 exhibitors)
France – 1% (3 exhibitors)
USA – 1% (3 exhibitors)

Major Types of Companies:

Total Company Types: 75
Top 5 Company Types:

Food Processing – 66% (225 companies)
Manufacturing – 40% (135 companies)
Biotechnology – 20% (67 companies)
Exporter – 14% (49 companies)
Consulting Services – 7% (23 companies)

Major Product Categories:

Total Product Categories: 215
Top 5 Product Categories:

Food Additives and Ingredients – 42 (143 companies)
Functional and Nutraceutical Foods – 21(73 companies)
Dietary Supplements – 14% (47 companies)
Food Additives – 7 (25 companies)
Sweeteners – 5 (18 companies)

Major Product Items:

Total Unique Product Items: 1,124
Top 15 Products (based on frequency): Fish Collagen Peptide, Calcium Propionate, Erythritol, Potassium Sorbate, Plant Extracts, Food Additives, Citric Acid Monohydrate, Pea Starch, Resveratrol, Polydextrose, Probiotics, MCT Oil, Ginseng Extract, Omega-3, Acacia Gum.

This analysis gives insight into the key exhibitors, their countries of origin, the types of companies present, and the most common product categories and items expected at the trade show.

Interesting Insights: Hi & Fi Asia-China 2024

Exhibiting Countries of Top 5 Company Types

Food Processing - China, Brazil, Thailand, Malaysia, Chile, Taiwan, South Korea
Manufacturing - China, Thailand, Malaysia, South Korea, Chile, Philippines, Brazil
Biotechnology - China, South Korea, Italy
Exporter - Brazil, Malaysia, Thailand, China, India, Philippines
Consulting Services - China, South Korea

Exhibiting Countries of Top 5 Product Categories

Food Additives and Ingredients - China, Thailand, Chile, Switzerland, France, South Korea
Functional and Nutraceutical Foods - China, Chile, Italy, South Korea
Dietary Supplements - China, France, Brazil, South Korea, Japan, USA
Food Additives - China, Brazil, Thailand, Chile, Switzerland, France, South Korea
Sweeteners - China, Taiwan, Philippines, South Korea

Exhibiting Countries of Top 10 Products

Fish Collagen Peptide - China, India
Calcium Propionate - China
Erythritol - China
Potassium Sorbate - China
Plant Extracts - China
Food Additives - China
Citric Acid Monohydrate - China
Pea Starch - China
Resveratrol - China
Polydextrose - China

Top 5 Exhibiting Countries and Their Product Details

China
Food Processing, Manufacturing, Biotechnology, Exporter, Consulting Services
Food Additives and Ingredients, Functional Foods, Dietary Supplements, Sweeteners
Fish Collagen Peptide, Erythritol, Potassium Sorbate, Plant Extracts
South Korea
Food Processing, Biotechnology, Health Products Supplier
Dietary Supplements, Functional Foods, Nutraceutical Ingredients
Probiotics, Ginseng Extract, Collagen Peptides, Hyaluronic Acid
Malaysia
Food Processing, Manufacturing, Exporter, Distributor
Food Additives, Specialty Fats, Edible Oils, Baking Ingredients, Health Ingredients
Cocoa Butter Substitutes, Virgin Coconut Oil, Lecithin, Antioxidants
France
Food Processing, Nutraceuticals, Manufacturing
Nutraceutical Ingredients, Dietary Supplements, Functional Foods, Health Ingredients
Acacia Gum, Omega-3, Fiber Supplements, Xylitol
USA
Manufacturing, Food Processing, Chemical Supplier
Agriculture Ingredients, Nutraceutical Ingredients, Confectionery Ingredients
Sweeteners, Starch, Gelatin, Natural Flavors

Key Highlights: Hi & Fi Asia-China 2024

Key Industry Segments

The Hi & Fi Asia-China 2024 trade show focuses on a variety of critical industry segments in the food and health sectors. The key industry segments include:

Food Ingredients: Encompassing food additives, preservatives, emulsifiers, and functional ingredients, this segment addresses the needs of manufacturers looking to enhance product quality, shelf life, and nutritional value.
Health Ingredients: This segment focuses on ingredients that promote health and wellness, such as nutraceuticals, dietary supplements, and probiotics.
Nutraceuticals & Functional Foods: Functional foods, nutraceuticals, and dietary supplements are at the forefront of consumer demand for health-enhancing products, including protein supplements, plant-based foods, and vitamins.
Natural Products: Organic and natural products, including plant extracts and sustainable food sources, are a growing sector driven by consumer preference for clean-label and eco-friendly products.
Pet Food & Animal Nutrition: The inclusion of the Pet Food Innovation Zone highlights the growing demand for premium ingredients in animal nutrition.
Sustainable Products: The increasing focus on sustainability drives innovation in areas such as plant-based proteins, eco-friendly packaging, and ingredients sourced from regenerative agricultural practices.

Market Trends

Hi & Fi Asia-China 2024 is positioned at the intersection of key market trends that are shaping the global food and health industries:

Growth of Functional and Nutraceutical Foods: There is a strong demand for functional foods and nutraceuticals due to rising health awareness, particularly in areas like probiotics, prebiotics, and plant-based nutrition. This trend is especially prominent in China, where consumers are increasingly focused on immune-boosting and wellness-oriented products.
Sustainability and Clean-Label Products: Sustainability continues to be a major trend. Exhibitors are showcasing eco-friendly and plant-based ingredients, driven by both consumer preferences and regulatory pressures. Clean-label ingredients, which avoid artificial additives and preservatives, are in high demand.
Technological Innovations in Food Processing: New technologies, such as biotechnology and advanced food processing techniques, are being highlighted, with a focus on enhancing food quality and creating sustainable production processes. Companies are investing in R&D to meet the growing need for more efficient, high-quality food production.
Growth in Pet Food and Animal Nutrition: The inclusion of the Pet Food Innovation Zone underscores the rapid growth in the pet food market, where premium and health-focused ingredients are becoming more important to consumers.
Rise of Health and Wellness: Health-conscious consumers are increasingly turning to food and supplements to support physical and mental well-being. Key areas of focus include nutritional supplements, immune support, and cognitive health.

Hi & Fi Asia-China 2024 is at the forefront of these trends, making it a crucial event for companies and professionals looking to innovate and expand in the dynamic food and health sectors.

Conclusion

Hi & Fi Asia-China 2024 stands as a pivotal event for the global food, health, and nutraceutical industries. With over 2,000 exhibitors and 100,000 visitors, it offers unmatched opportunities for networking, discovering innovations, and forging strategic partnerships in a rapidly growing market. The key trends of sustainability, health and wellness, and technological innovation are shaping the future of these industries, and this trade fair provides a platform to explore and capitalize on these developments.

Hi & Fi Asia-China 2024: Exhibitors