SIAL Insights 2024 Unveils Key Trends Shaping the Future of Food and Announces Early Bird Ticket Prices Until July 31
July 30 2024 - 2:00AM
Business Wire
Regulatory News:
SIAL Paris, the world's largest food innovation exhibition, has
released its SIAL Insights 2024 report. Developed with industry
experts Kantar, ProtéinesXTC, and Circana, this report explores the
current state of the global food industry, highlighting major
trends and challenges amid economic pressures and shifting consumer
behaviors.
Adressing the Cost-of-Living Crisis
The report reveals that rising food prices have significantly
impacted spending patterns globally. Over the past two years, food
prices have risen by more than 10%, often exceeding overall
inflation rates. Consumers are responding by adjusting their
purchasing habits, such as buying smaller quantities, switching to
more affordable brands, and seeking discounts. The food industry
must adapt its supply models to meet these new consumer behaviors
while maintaining sustainable practices.
Key Trends for 2024: Feeling, Connecting, Caring
Feeling: Despite economic challenges, consumers prioritize
pleasure in their food choices. Over 52% of new products aim to
deliver sensory enjoyment, especially in lower-income households
where food serves as an affordable source of comfort and joy.
Connecting: The importance of collective dining experiences has
grown, with a renewed focus on community building through food.
Nearly 30% of respondents cite communal dining as a key reason for
eating out, and traditional dishes and heritage ingredients are
gaining popularity.
Caring: Health and sustainability are critical concerns. There
is a growing demand for natural, minimally processed foods, with
74% of consumers expressing concern about the health implications
of their diet. Interest in organic and fair-trade products is on
the rise, although price remains a barrier for many. Personalized
nutrition is also trending, with 65% of respondents willing to pay
more for healthier products.
Special Report: Technological Innovations in Food
Technological advancements are transforming the food industry.
E-commerce offers convenience and cost savings, with online food
sales growing by 11% in France. Precision agriculture and vertical
farming are addressing the challenges of resource management and
environmental impact. The report also explores the potential of
lab-grown proteins as sustainable alternatives to traditional
farming.
To download the full report and to enjoy the early bird price
ticket promotion available until July 31, visit Sial Paris
Website.
About SIAL Paris Organised by Comexposium, SIAL Paris is
the largest food industry trade fair in the world with more than
7,500 exhibitors and 400,000 exhibited products. The event is part
of the SIAL Network, the world’s largest network of food and drink
trade fairs. Through eleven regular events, the network brings
together 17,000 exhibitors and 700,000 professionals from over 200
countries. The next SIAL Paris will be held from 19 to 23 October
2024 at Paris Nord Villepinte. www.sialparis.com
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Press contact
Pamela Themonis: pamela.themonis@comexposium.com
Gladys Leroy: gladys.leroy@comexposium.com