WHY NEPAL?
Nepal is the ideal place for foreign firms to explore the Nepal food sector, network with important industry figures and buyers, and promote their products in an exciting new market.
Nepalese Food Production is set to reach $10,350 Million by 2026 from $9,490 Million in 2021, growing 1.5% year on year on average. Since 1966, Nepalese supply was up 2% year on year. The country ranked number 49 in 2021, Malawi overtook at $9,490 Million. India, the United States and Brazil respectively were numbers 2, 3 and 4 in this ranking.
- FMCG industry in Nepal Growing at more than 20% annually
- Revenue in the Beverages is projected to reach US$ 11.68 m in 2023 in Nepal
- Revenue in the food market is project to reach US$ 143 m in 2023
- Revenue is expected to show an annual growth rate (CAGR 2023-27) of 19.62% in Nepal.
- There are around 2800 tourist-standard restaurants in Kathmandu, Pokhara & Chitwan and these establishments are estimated to have a combined investment of Rs. 30 Billion.
- The services sector in Nepal is now the largest sector in the economy; its share of GDP has risen from 26 percent in 1980 to over 42 percent today.