The sales department of our company was responsible for participating in and planning the exhibition, which lasted for 5 days. During the exhibition, we acquainted with a large number of overseas customers and peers.
As the most popular comprehensive food industry exhibition in the Middle East and even the world, the GULFOOD exhibition in Dubai just concluded in October 2019, and the exhibition has attracted exhibitors from all over the world. The exhibition has 81 national pavilions with a total exhibition area of 100,000+ square meters. More than 4,256 exhibitors from all over the world gathered here, among which about 180 Chinese exhibitors have a total exhibition area of more than 1,500 square meters.
The sales department of our company was responsible for participating in and planning the exhibition, which lasted for 5 days. During the exhibition, we acquainted with a large number of overseas customers and peers. GULFOOD is the industry's leading show, a barometer of trends in the confectionery, ice cream and snack food markets of the gulf region. Meanwhile, as a successful sub-exhibition of the cologne confectionery fair in Germany, it points to a huge market with billion people and one of the highest GDP in the world. For confectionery manufacturers, it is a comprehensive and high-quality platform to display new products and new recipes, open the Middle East market to find customers.
According to GULFOOD's latest market report, driven by the population growth, global demand for packaged foods and beverages forecast to grow at a CAGR of 1.7% between 2018 and 2023, outpacing overall population growth of 1.0%. At the same time, the Belt and Road Initiative will have a profound impact on the global economy, and expanding the overseas development space of Chinese enterprises in areas such as logistics, industrialization and tourism. Dubai and the United Arab Emirates are great gateways for China to explore markets in the Middle East, Europe and Africa. Dubai's diversified economy and strategic location offer diverse opportunities for Chinese trade and investment.