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Chicago International Food Technology

Mar 18, 2019

Project basic information
Venue: Macquarie Convention and Exhibition Center, Chicago, USA
Hosting time: July 16th - July 18th, 2018
Holding period: one year
Organizer: American Institute of Food Science and Technology

Background of the project
The American Food Technology Exhibition IFT is hosted by the Institute of Food Technologists and is held annually in different cities in the United States. The exhibition has a long history and has been successfully held for 71 times. It is the largest and most prestigious international food additive, food ingredients and technology professional exhibition and industry event in the Americas. It timely reflects the latest development of the global scientific and technological achievements of the food industry into products, reflecting the development direction of the food industry and Dynamic, representing the development trend of the world food technology industry.

Exhibition introduction
The American Food Technology Exhibition IFT is hosted by the Institute of Food Technologists and is held annually in different cities in the United States. The exhibition has a long history and has been in existence since 1941. It is the largest and most prestigious international foodstuff, food additive and technology professional exhibition and industry event in the Americas. It timely reflects the latest development of the global scientific and technological achievements of the food industry into products, reflecting the development direction of the food industry and Dynamic, representing the development trend of the world food technology industry.
42% of the participants in the exhibition, 15% of the scholars, 11% of the company's president, 20% of the buyers, in this environment, face-to-face direct communication with your customers, this market The development will have far-reaching significance. This provides you with a broad platform to meet old customers, meet new customers and interact with your peers. Participate in this exhibition to gain a more direct understanding of the development of the US and world products and the specific needs of the market, to improve the technical content of the products, to adjust the structure of the improved products, to lay the foundation for the production of high-quality products, and to improve exports and ensure exports. Guide the direction normally.
Market analysis
The American Food Technology Exhibition, a large-scale and influential international food additive and ingredients exhibition in the Americas, will be held in Las Vegas, USA in June 2017. IFT has a long history of organizing. The IFT exhibition represents the world's excellent level of food additives, food ingredients and technology, reflecting the new situation of professional exhibitions, showing the development direction and dynamics of food ingredient additives. There are 138 million people in the United States who consume specialty foods and have annual sales of more than $60 billion. The Specialty Food Show provides a convenient way for exhibitors to open up the US market, and at this show you will have more opportunities to directly contact the purchasing representatives of the supermarket, while in the supermarket, the retail volume of specialty foods accounted for 67%. As is known to all, the United States is one of the world's largest food additive ingredients market. The Ministry of Commerce shows that in 2015, the import and export quotas of China and the United States showed US$562.45 billion, an increase of about 5 percent over the same period. The important US partner is China, the United States. IFT Food Science and Technology Exhibition has become the perfect bridge for Chinese companies to enter the US market and increase their international competitiveness. It is an industry feast that you should not miss.

According to the statistics of the US Department of Commerce, from January to July 2017, the import and export volume of US goods was 2,207.16 billion US dollars, an increase of 6.8% over the same period of the previous year (the same below). Among them, exports were 879.69 billion US dollars, an increase of 6.5%; imports were 1327.48 billion US dollars, an increase of 7.0%. The trade deficit was 447.79 billion US dollars, an increase of 8.0%. In July, the import and export of US goods was US$314.33 billion, an increase of 5.6%. Among them, exports were 122.17 billion US dollars, up 5.5%; imports were 192.16 billion US dollars, up 5.6%. The trade deficit was US$69.99 billion, an increase of 5.9%. From January to July, the bilateral import and export volume of US and China was US$342.80 billion, an increase of 9.9%. Among them, the United States exports to China 69.28 billion US dollars, an increase of 14.8%, accounting for 7.9% of the total US exports, an increase of 0.6 percentage points; the United States imports from China 273.51 billion US dollars, an increase of 8.7%, accounting for 20.6% of the total US imports, an increase of 0.3 percentage point. The US trade deficit was US$204.23 billion, an increase of 6.8%. As of July, China is the largest trading partner of the United States, the third largest export market and the largest source of imports.