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5th World Tea Coffee Expo to be held in Mumbai in November

Press Trust of India  |  Mumbai 

The 5th edition of the World Tea Coffee Expo will be held in between November 16 and 18, organisers said today.

At the expo, 90 plus exhibitors from eight countries will showcase latest innovative products, machineries, equipment, packaging, technologies, vending solutions, flavours, retail chains, certifications and premixes.

The three-day Tea Coffee Expo is supported by Tea Board and leading associations and chambers from across the world.

"The Expo will bring global industry players closer, enable mega deals in addition to being the definite launch pad for new products and technologies especially for start-ups and SMEs who aspire for national and international expansion, but have low budgets," Sentinel Exhibitions Director Priti Kapadia said in a statement here.

The global market for RTD (ready-to-drink) tea and coffee is expected to reach USD 150 billion by 2021 with an annual growth rate of seven per cent.

"The Asia-Pacific region is the largest market and also showing maximum growth. The Indian tea and coffee market is one of the largest in the world in terms of production, consumption and growth prospects. However, future success depends largely on use of latest technology, seamless upgradation of existing facilities, adapting to e-commerce and cost-effective processing - something WTCE strives for," Kapadia said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, February 22 2017. 19:22 IST