Overview of Fi North America 2024
Date & Venue:
Fi North America 2024 will take place from October 28-31, 2024, at the Mandalay Bay Convention Center in Las Vegas, Nevada. The expo hall, open from October 30-31, will feature over 1,500 exhibitors and more than 20,000 participants from across the food, beverage, and health industries.
About:
Fi North America, co-located with SupplySide West, is a premier trade fair focusing on the latest innovations in food, beverage, and supplement ingredients. It is the largest gathering in North America for professionals working in these sectors, providing a platform to source new ingredients, discover market opportunities, and stay updated on industry regulations and trends. This event attracts stakeholders from across the food, beverage, nutraceutical, and dietary supplement industries, including ingredient suppliers, manufacturers, and regulatory experts.
Industry Segments:
Health Ingredients, Natural Ingredients, Plant-Based Foods, Functional Foods & Beverages, Nutraceuticals, Supplements, Organic Products, Free-From Foods.
Market Size & Overview of the Industry Segment:
The food ingredients market in North America has experienced significant growth, driven by increasing consumer demand for healthier, sustainable, and functional food options. The market for plant-based foods alone is expected to exceed $162 billion by 2030, showcasing a strong trend towards sustainability and health. Similarly, the global health ingredients market is projected to grow at a CAGR of over 6.5% in the next five years, driven by the demand for functional foods and supplements.
Attendance & Participation:
This year, Fi North America is expected to draw over 20,000 participants from 75+ countries. The event will feature 1,500+ exhibitors, presenting over 10,000 ingredients and products, offering attendees a one-stop shop for sourcing new products and staying up-to-date with the latest industry trends. The event also includes 135+ hours of educational sessions, providing a robust learning environment for participants.
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Who Should Visit:
Fi North America is designed for professionals in a wide range of industries including food and beverage manufacturing, dietary supplements, nutraceuticals, plant-based products, and personal care. Buyers, suppliers, R&D professionals, nutritionists, regulatory experts, and business owners involved in the food, beverage, and health sectors will find value in attending
Exhibitor Analysis of Fi North America 2024
Top 5 Major Exhibitors
- Shri Kartikeya Pharma : Shri Kartikeya Pharma, under the brand KSM-66, is the world leader in ashwagandha production. KSM-66 Ashwagandha is a highly concentrated, full-spectrum root extract renowned for its potency and clinical effectiveness. The company prides itself on using a unique extraction process that retains the natural balance of the herb's active constituents, making it suitable for a variety of nutraceutical, dietary, and pharmaceutical applications. KSM-66 has been the subject of multiple clinical trials and is recognized globally for its superior quality and efficacy.
- Verb Biotics : Verb Biotics is a science-driven company focused on improving microbiome health through the development of function-first probiotics, postbiotics, and synbiotics. Their products are tailored to address specific health concerns such as digestive health, stress and mood management, healthy aging, and women's health. Verb Biotics leverages biotechnology and microbiome research to create solutions that deliver measurable efficacy and help restore microbiome balance.
- PELLUCID LIFESCIENCES PVT. LTD.: Established in 2013, Pellucid Lifesciences Pvt. Ltd. is a leading fermentation-based company specializing in probiotics. Their products cater to various industries including pharmaceuticals, food, feed, and cosmetics. The company provides customized probiotic solutions and offers strains like Bacillus coagulans, Bacillus subtilis, and Lactobacillus species. With a focus on quality, innovation, and global outreach, Pellucid Lifesciences operates with certifications like FSSC 22000 and USFDA GRAS approval for several strains.
- Global Widget : Global Widget, founded in 2016 and headquartered in Tampa, Florida, is a leading manufacturer specializing in private label gummy production. Operating under the GW Gummies brand, the company offers a wide range of high-quality health, wellness, and dietary supplement gummies. As a vertically integrated, cGMP-certified company, Global Widget ensures product quality through in-house formulation, manufacturing, and rigorous quality control processes. The company serves clients in the health, and sports nutrition industries, providing scalable, customizable gummy production solutions.
- Ziran India : Ziran India is an emerging manufacturer and exporter based in Sangli, Maharashtra. They specialize in natural extracts, oleo resins, spice extracts, nutraceuticals, essential oils, and natural food colors. The company offers a range of branded products aimed at promoting health and wellness..
Participating Countries
Total unique country count: 50
Top 5 participating countries and their percentages:
- USA: 53 (832 companies)
- China: 25% (393 companies)
- India: 5% (69 companies)
- Canada: 4% (64 companies)
- Taiwan: 1% (15 companies)
Major Types of Companies
Total number of company types: 270
Top 5 company types by count and percentage:
- Food Processing: 62% (966 companies)
- Consulting Services: 22% (349 companies)
- Manufacturing: 20% (316 companies)
- Technology Services: 10% (155 companies)
- Nutraceuticals: 8% (122 companies).
Major Product Categories
Total number of product categories: 707
Top 5 product categories by count and percentage:
- Food Additives and Ingredients: 36% (563 companies)
- Functional and Nutraceutical Foods: 30% (469 companies)
- Pharmaceutical Ingredients: 9% (144 companies)
- Dietary Supplements: 7% (104 companies)
- Nutraceutical Ingredients: 6% (91 companies).
Major Product Items
Total number of unique product items: 5,143
Top 15 product items by frequency: Vitamins, Amino Acids, Probiotics, Botanical Extracts, Capsules, Sweeteners, Tablets, Herbal Extracts, Powders, Gummies, Proteins, Flavors, Barley, Curcumin, Ashwagandha Extract.
Interesting Insights for Fi North America 2024
Exhibiting Countries of Top 5 Company Types
- Food Processing - USA, Singapore, Turkey, India, Korea, China, Mexico, Germany, Taiwan, France
- Consulting Services - USA, United Kingdom, India, Singapore, Turkey, China, Germany, Taiwan, Mexico, Brazil
- Manufacturing - USA, India, China, Canada, Germany, Poland, United Kingdom, Taiwan, Turkey, Mexico
- Technology Services - USA, India, Taiwan, Germany, United Kingdom, France, Turkey, China, Singapore
- Nutraceuticals - USA, India, Taiwan, Canada, China, Norway, Poland, Turkey, United Kingdom, Germany.
Exhibiting Countries of Top 5 Product Categories
- Food Additives and Ingredients - USA, China, India, Taiwan, Turkey, Canada, Mexico, Germany, Poland, France
- Functional and Nutraceutical Foods - USA, China, India, Turkey, Taiwan, Germany, Mexico, Poland, Canada, France
- Pharmaceutical Ingredients - USA, China, India, Turkey, Germany, Taiwan, Canada, Mexico, Poland, France
- Dietary Supplements - USA, China, India, Taiwan, Mexico, Turkey, Canada, Germany, Poland, France
- Nutraceutical Ingredients - USA, China, India, Taiwan, Turkey, Mexico, Canada, Germany, Poland, France
Exhibiting Countries of Top 10 Products
- Vitamins - USA, China, India, Turkey, Canada, Germany, Mexico, Poland, France, Taiwan
- Amino Acids - USA, China, India, Germany, Turkey, Taiwan, Mexico, Canada
- Probiotics - USA, China, India, Canada, Turkey, Taiwan, Germany, France
- Botanical Extracts - USA, India, China, Turkey, Taiwan, Germany, Mexico, Poland, France
- Capsules - USA, India, China, Canada, Mexico, Taiwan, Turkey, Germany
- Sweeteners - USA, China, India, Taiwan, Mexico, Turkey, Poland, Canada
- Tablets - USA, China, India, Turkey, Canada, Mexico, Germany, Poland, Taiwan
- Herbal Extracts - USA, India, China, Taiwan, Turkey, Mexico, Canada, Poland
- Powders - USA, China, India, Taiwan, Turkey, Canada, Mexico, Germany
- Gummies - USA, China, India, Canada, Germany, Mexico, Turkey, Poland, Taiwan
Top 5 Exhibiting Countries and Their Product & Company Details
- USA
- Food Additives, Nutraceuticals, Functional Foods
- Vitamins, Amino Acids, Probiotics, Capsules, Powders
- Food Processing, Consulting Services, Manufacturing, Nutraceuticals, Technology Services
- China
- Functional Foods, Dietary Supplements, Pharmaceutical Ingredients
- Plant Extracts, Herbal Extracts, Sweeteners, Capsules, Gummies
- Food Processing, Manufacturing, Biotechnology, Exporter, Consulting Services
- India
- Nutraceutical Ingredients, Herbal Extracts, Dietary Supplements
- Ashwagandha, Curcumin, Herbal Extracts, Powders, Capsules
- Food Processing, Exporter, Manufacturing, Consulting Services, Nutraceuticals
- Canada
- Functional Foods, Organic Ingredients, Nutraceuticals
- Softgel Capsules, Tablets, Powders, Probiotics, Herbal Extracts
- Food Processing, Consulting Services, Manufacturing, Biotechnology, Exporter
- Taiwan
- Plant-based Products, Dietary Supplements, Food Additives
- Nattokinase, Probiotics, Functional Beverages, Capsules, Powders
- Food Processing, Biotechnology, Nutraceuticals, Consulting Services, Manufacturing
Key Highlights of Fi North America 2024
Key Industry Segments
Fi North America 2024 will bring together a wide array of industry segments that reflect the latest innovations and demands in the food and health industries. These segments include:
- Food Additives and Ingredients: This is the largest segment, showcasing a variety of products that enhance the flavor, texture, and shelf life of food products. Companies in this space focus on innovation in natural ingredients and clean label products.
- Functional and Nutraceutical Foods: As consumers become more health-conscious, this segment has gained prominence. It covers products that provide additional health benefits beyond basic nutrition, such as fortified foods and beverages.
- Dietary Supplements and Nutraceutical Ingredients: This growing segment caters to the increasing demand for supplements that promote wellness, preventive health, and active aging.
- Plant-Based and Organic Products: Driven by sustainability and consumer preference for environmentally friendly products, this segment focuses on plant-based alternatives to traditional food items and ingredients that are organically sourced.
- Pharmaceutical Ingredients: Though a smaller segment, it plays a critical role in the development of over-the-counter health products, dietary supplements, and nutraceuticals.
Market Trends
Fi North America 2024 will reflect several major trends that are shaping the food and health industry:
- Sustainability and Plant-Based Innovation: Sustainability is at the core of new product development, with a significant focus on plant-based alternatives to traditional dairy and meat products. Plant-based foods are projected to become a $162 billion market by 2030.
- Personalized Nutrition and Functional Foods: The demand for personalized health solutions has accelerated the growth of functional foods and supplements. Ingredients tailored to boost immunity, cognitive function, and gut health are in high demand, with probiotics, vitamins, and botanicals leading the charge.
- Clean Label and Natural Ingredients: Consumers are increasingly prioritizing transparency in food production. This has led to a surge in "clean label" products, where manufacturers use minimal processing and natural ingredients. Food additives and functional ingredients that promote these characteristics are key focal points.
- Technological Integration in Food Processing: Advances in food technology, including precision fermentation, artificial intelligence, and blockchain for supply chain transparency, are gaining traction. Companies involved in manufacturing and technology services are exploring ways to improve food production efficiency and quality through tech-driven solutions.
- Regulatory Compliance and Health Claims: With growing consumer awareness, there is a strong push for regulatory compliance and the accurate representation of health claims in dietary supplements and functional foods. Companies are increasingly focusing on adherence to local and international regulations to meet consumer expectations.
These key trends and segments underscore the evolving landscape of the food and nutrition industry, as Fi North America 2024 continues to serve as a vital hub for innovation, networking, and sourcing solutions.
Conclusion
Fi North America 2024 is set to be a landmark event for professionals in the food, beverage, and health industries. With over 20,000 participants, 1,500 exhibitors, and a comprehensive range of products and innovations, the trade show offers unparalleled opportunities for sourcing, networking, and learning. The key industry segments, including food additives, functional foods, and plant-based products, reflect current market demands and trends toward sustainability, health, and personalized nutrition.
