Vietnamese businesses find opportunities at the BIOFACH INDIA 2023 Organic Food Fair.

DNHN - Participation in BIOFACH INDIA 2023 paves the way for closer cooperation between Dong Nai province, Vietnam, and India in the organic food industry.

The 6-8 September 2023 Organic Food Fair (BIOFACH INDIA 2023) is an important international event in the organic food industry. This event provides an opportunity for global organic food industry leaders to network with one another.

Participating in the fair, the delegation made contact with companies involved in the development of organic products, thereby creating opportunities for collaboration in the development of organic agricultural products. The expanding size of the organic food market and rising awareness of organic food's health benefits are driving the expansion of this industry. Organic food promotion will benefit both human health and the environment.

Participation in BIOFACH INDIA 2023 also creates opportunities for closer cooperation between Dong Nai province, Vietnam, and India in the organic food industry. This event created new opportunities and brought the two nations closer together in promoting the growth of the organic food industry and ensuring the health of all individuals.

The Indian organic food market is anticipated to reach USD 1.28 billion in 2022 and USD 4.6 billion in 2028, expanding at an impressive annual rate of 23.8% between 2023 and 2028. This market is expanding due to increasing awareness of the health benefits of organic foods, increased investment in organic agriculture, and awareness of health and environmental issues. strong.

Respecting the significance of a robust immune system, the COVID-19 pandemic has also accelerated the growth of the organic food market. This has increased the demand for organic foods, as consumers are increasingly concerned with the quality and nutritional value of their food.

Vietnam's most important trading partner in South Asia is India, one of the world's leading producers and exporters of organic foods. Trade turnover between the two countries is increasing and has reached a record high in 2022, with a total value of 15 billion USD. This represents a significant opportunity for cooperation in the field of organic food and the ability to create favorable market development conditions in the region and globally.

P.V (t/h)