BioAnalyt participated in the Globoil India 2024 conference, held in Mumbai from 18 to 20 September 2024. This conference served as a global platform for the edible oils industry, focused on the theme “Navigating the Future of Edible Oils: Innovation, Sustainability, and Market Dynamics”. The conference brought together industry leaders, innovators, and policymakers to discuss the latest trends, innovations, and challenges shaping the future of the edible oil sector, with an emphasis on sustainability.
Global Edible Oil Market and Fortification
The global edible oil market is projected to grow from USD 218.36 billion in 2024 to USD 369.20 billion by 2032 (1), this industry is at a pivotal point, with sustainability and innovation driving growth. The Globoil India 2024 conference provided an excellent opportunity for Prof. Dr. F.J. Schweigert who represented BioAnalyt. This event provided a compelling glimpse into the global and local importance of the edible oil industry. Globoil India 2024 offered an excellent platform for discussions with oil producers and technology providers, underscoring the vital role of fortifying edible oils with Vitamin A—a key intervention in the fight against global malnutrition. It was particularly promising to see a growing number of products labelled with F+, indicating they are fortified with Vitamins A and D. This boosts their nutritional value and reflects the industry’s commitment to health.
Millers for Nutrition Launch: India
In addition to this, we were happy to be a part of the Millers for Nutrition 2024 India Launch, a crucial initiative spotlighting industry-led solutions for staple food fortification. The launch underscored the vital role millers play in enhancing nutrition and discussed the innovative strategies to fortify staple foods, ensuring a healthier future for India and beyond.
Image credits: Millers for Nutrition
Our Key TakeawaysÂ
The key takeaway from the event was the critical importance of cross-sector collaboration in driving effective and sustainable solutions for nutrition challenges. Fortified foods, particularly edible oils, were highlighted as a powerful tool to combat hidden hunger and malnutrition. However, the consensus was clear: to achieve meaningful, widespread change, mandatory fortification policies must be implemented. This will ensure that the benefits of fortified foods reach all segments of the population, paving the way for a healthier and more nutritionally secure future in India.
At BioAnalyt, we are proud to support Millers for Nutrition, a coalition dedicated to improving global nutrition. This initiative aligns perfectly with our commitment to innovation, sustainability, and social responsibility., reinforcing BioAnalyt’s position as a trailblazer in the field of nutrition measurement through our flagship iCheck devices.
We are excited to continue this momentum, working to improve nutrition for consumers worldwide. Our products enable fast, easy, and accurate measurement of micronutrients, empowering industry leaders to make data-driven decisions that promote health and well-being.
Join us on our mission to revolutionize nutrition—get in touch to learn more about our solutions and how we can work together to create a healthier future.
Source:
https://www.fortunebusinessinsights.com/cooking-oil-market-106391