The prominence and importance of the nutraceutical and functional food industry is gaining momentum across the globe, including China. It is estimated that the global functional food and nutraceuticals market will grow at a CAGR of 7.39% during the period from 2016-2020. In fact, the functional food ingredients market is projected to reach approximately $2.5 billion by 2020, according to a June 2015 report from MarketsandMarkets.
Undoubtedly, China is the most promising functional food and nutraceuticals market in Asia-Pacific. According to estimates, in China’s health food market, the middle-aged and elderly market accounts for about half, the women’s market accounts for around 25%, while the children/youth market accounts for another 25%. This shows that the potential of targeting the middle-aged and elderly demographic in the health food market is the largest.
Against this backdrop, the 6th China International Nutraceutical and Functional Food Summit 2016 will be launched providing an effective platform for participants to familiarize themselves with the latest Chinese policies and regulations in the nutraceutical and functional food industry, , as well as market entry channels, industry data and product R&D, functional ingredients and additives, functional food categories, different consumption habits etc. Communication between delegates and regulatory departments will be encouraged, thereby promoting a better understanding of Chinese nutraceutical and functional food trends. Furthermore, speakers from the Chinese central government and world leading nutraceutical and functional food enterprises will share their valuable viewpoints and experiences.
In addition, Regular Q&A periods will allow visitors to become knowledgeable on pertinent topics. For any food & beverage industry business owner who is considering conducting operations in China, this summit is a must. Along with compliance information, and cutting-edge industry news, best practice business strategies will also be discussed. There will be ample opportunity for socializing in order to promote greater networking and partnership building.
