Overview of IFEX Food Philippines 2024

Date & Venue:

IFEX Food Philippines 2024 will be held from May 10 to May 12, 2024, at the World Trade Center in Pasay City, Metro Manila, Philippines.

About:

IFEX Philippines is the largest international food trade show in the Philippines, dedicated to showcasing the best of Filipino and Asian flavors. It serves as a platform for promoting innovative food products and expanding market reach, both locally and internationally.

Industry Segments:

Beverages, seafood, ready-to-eat foods, functional foods, fresh produce, bakery and confectionery, sauces and condiments, organic products.

Market Size & Overview of the Industry Segment:

The food and beverage industry in the Philippines is a significant sector, projected to grow to $150 billion by 2025. IFEX Food Philippines focuses on various industry segments, highlighting the importance of innovation and sustainability to meet global standards.

Attendance & Participation:

The event expects over 500 exhibitors and around 10,000 trade visitors, including buyers, industry professionals, and stakeholders from around the world.

Who Should Visit:

IFEX Food Philippines is ideal for food and beverage manufacturers, distributors, exporters, importers, retailers, culinary professionals, and entrepreneurs seeking to explore new market opportunities and engage in business networking.

Exhibitor Analysis for IFEX Food Philippines 2024

Top 5 Major Exhibitors:

GOLDEN ARROW FOOD ENTERPRISES: Golden Arrow Food Enterprises specializes in manufacturing bread, and crackers. Known for products like Uraro (Arrowroot Cookies) and Pilipit (Crunchy Biscuit Twist), bakery products, cookies, the company is dedicated to quality and innovation. They have received assistance for process and packaging improvements to enhance product quality and productivity.
BAHI ENTERPRISES : Bahi Enterprises specializes in organic drinks based on ginger and turmeric. They are committed to producing high-quality products and have a presence in both local and international markets., Founded in 2015
LKS-GLOBAL CONSUMER GOODS TRADING: Bulacan, LKS-GLOBAL CONSUMER GOODS TRADING is a food importer based in Malolos City, Philippines. The company is involved in importing various food commodities including frozen avocado paste, and aloe vera. They hold a license to operate issued by the Bureau of Plant Industry, ensuring compliance with national standards., frozen strawberries, grapefruit, grapes, passion fruit.
VARACCO: Varacco is a Filipino coffee social enterprise that specializes in producing and promoting premium Liberica coffee, aiming to create a unique coffee experience that celebrates Filipino traditions and hospitality., and cultural preservation. It partners with local farmers, especially women, inclusivity, locally known as Barako. The company is committed to sustainability, to promote dignified farming and support the agricultural community. Varacco is dedicated to ethical and sustainable practices throughout its supply chain.
ZIGMUND ENTERPRISES : Established in 1999, Zigmund Enterprises produces LemonCito Calamansi Juice Concentrate. The company began as a cottage industry and now supplies grocery stores, and hotels. They are expanding their product line to include other fruit concentrates and beverages.

Participating Countries:

There are 13 unique countries participating in IFEX Philippines 2024. The top 5 countries, by percentage of total companies, are:

Philippines: 91%
China: 4%
India: 0.65%
Vietnam: 0.43%
Malaysia: 0.43%

Major Types of Companies:

A total of 96 unique company types are represented. The top 5 types, by percentage, are:

Exporters: 70%
Food Manufacturing: 49%
Food Processing: 18%
Retailers: 10%
Trading: 7%

Major Product Categories:

There are 400 unique product categories. The top 5, by percentage, are:

Beverages: 21%
Food Ingredients: 15%
Snacks: 13%
Condiments: 12%
Fruits and Vegetables: 11%

Major Product Items:

There are 1,455 unique product items featured. The top 15 products, based on frequency, are: Biscuits, Snacks, Banana Chips, Coconut Vinegar, Pastries, Virgin Coconut Oil, Soy Sauce, Canned Mushrooms, Mangoes, Noodles, Tea, Coffee, Seafood, Spices, and Dairy-Free Cheeses.

Interesting Insights for IFEX Food Philippines 2024

Exhibiting Countries of Top 5 Company Types:

Exporters - China, India, Malaysia, Philippines, UAE, Thailand, Vietnam
Food Manufacturing - China, India, Malaysia, Philippines, Singapore, Thailand, Vietnam
Food Processing - China, Malaysia, Philippines, Thailand, UAE
Retailers - Philippines
Trading - China, Philippines

Exhibiting Countries of Top 5 Product Categories:

Beverages - China, Philippines
Food Ingredients - Malaysia, Philippines
Snacks - Philippines, Singapore, UAE
Condiments - Philippines
Fruits and Vegetables - India, Philippines

Exhibiting Countries of Top 10 Products:

Banana Chips - Philippines
Biscuits - Philippines
Canned Mushrooms - China
Coconut Vinegar - Philippines
Mangoes - China, Philippines
Noodles - Philippines
Pastries - Philippines
Snacks - Philippines
Soy Sauce - Philippines
Virgin Coconut Oil - Philippines

Top 5 Exhibiting Countries and their Product Details:

Philippines
Exporters, Food Manufacturing, Retailers
Beverages, Snacks, Condiments, Fruits, Vegetables
Biscuits, Snacks, Banana Chips, Coconut Vinegar, Mangoes
China
Exporters, Food Manufacturing, Trading
Canned Food, Seafood, Condiments
Canned Mushrooms, Soy Sauce, Tea, Snacks
India
Exporters, Food Manufacturing, Agriculture
Bakery, Cereals, Food Ingredients
Dairy-Free Cheeses, Plant-Based Desserts, Lentils
Vietnam
Exporters, Food Manufacturing
Packaging, Instant Noodles, Pasta Products
Spring Roll Wrappers, Rice Paper, Coffee, Tea
Malaysia
Exporters, Food Manufacturing, Processing
Food Additives, Ingredients, Seasonings
Spices, Sauces, Instant Noodles, Dairy Products

Key Highlights for IFEX Food Philippines 2024

Key Industry Segments:

IFEX Food Philippines 2024 will showcase a diverse range of industry segments, focusing on local and international food and beverage innovation. The key industry segments include beverages, seafood, ready-to-eat foods, functional foods, fresh produce, bakery and confectionery, sauces and condiments, and organic products. These segments highlight the growing demand for innovative, health-conscious, and sustainably produced food items.

Market Trends:

Several trends are emerging within the food and beverage industry, reflected in the offerings at IFEX 2024:

Health and Wellness: There is a strong focus on functional foods, organic products, and plant-based alternatives, responding to increasing consumer demand for health-oriented food options.
Sustainability: Products that emphasize sustainable sourcing and environmentally friendly packaging are gaining traction, with a significant number of exhibitors showcasing eco-friendly practices.
Convenience Foods: Ready-to-eat meals and snacks continue to be popular, driven by busy lifestyles and the growing need for quick and nutritious food options.
Export Growth: The participation of exporters, particularly from the Philippines and China, underscores a push to expand the global reach of Asian food products.
Culinary Innovation: Innovative product development, especially in condiments and beverages, highlights the industry's effort to cater to diverse tastes and culinary preferences.

These highlights reflect the dynamic nature of the food and beverage industry and its responsiveness to evolving consumer preferences and global market demands.

Conclusion

IFEX Food Philippines 2024 promises to be a landmark event, showcasing the best of Filipino and Asian culinary excellence. With a strong focus on health, sustainability, convenience, and innovation, it serves as a vital platform for industry players to explore new opportunities, trends, and partnerships. This trade fair not only highlights the richness of Asian flavors but also drives the growth of the food and beverage industry globally.

IFEX Food Philippines, 2024: Exhibitors