Domestic food market assumed to expand by over 47% to touch USD 1,274 bn: File, ET Retail

.Representative ImageThe residential food market is assumed to grow by over 47 per-cent to connect with USD 1,274 billion through 2027, a file released by the Fraternity of Indian Sector and also assisted through Danfoss India mentioned. India’s food items handling field sees ingenious start-ups surfacing with groundbreaking technology, the report titled ‘Food items Processing Market in India – Possible for Southern States. and also launched by CII, CII FACE (Alliance of Indian Market– Food Items and also Agriculture Centre of Distinction) and also Danfoss India, said.

Danfoss India is a leader in heating, venting and air-conditioning and is actually the subsidiary of Denmark-headquartered engineering significant Danfoss. Several of the vital highlights of the document, which was actually launched at the CII-FoodPro 2024 consist of the potential that southern conditions carry for food handling market. “Tamil Nadu leads India’s export of processing fruits, extracts as well as nuts, along with a thirty three percent share through amount and also 27 per cent through market value, exporting 2,08,370 metric tonnes worth USD 220.81 thousand in 2023-24,” the document stated.

The food handling industry in India finds innovative start-ups arising with sophisticated modern technology, the document claimed. The study holds knowledge on surfacing styles, innovations and export options permitting services to make well informed decisions as well as use the industry’s potential South India’s food items processing industry is on the cusp of a change, with cutting-edge sectors like millets, ready-to-eat and plant-based dairy products substitutes unlocking a gold mine of economical possibilities for planters. The recently launched file uncovers, technology holds the essential to supercharging this development, ensuring the greatest standards of safety as well as high quality as well as driving India’s exports onto the international phase,” CII National Council for Cold Chain and also Agri Coordination Leader Ravichandran Purushothaman mentioned.

“At Danfoss India, our company are thrilled to become a component of this transformative experience, driving sustainable food handling options that will certainly shape the future of Indian farming and also meals field,” he pointed out in a statement on Sunday. Throughout the celebration, Danfoss Optyma Load Reducing Device, a reliable as well as energy-efficient solution for Majority Milk Cooling and Cold weather Area programs was actually released. “The Optyma Stuff Shrinking Unit is actually an activity changer for India’s milk industry and also cool space functions.

Its distinct design as well as reputable functionality will substantially assist in meeting our client’s price and durability targets,” Danfoss India Area Head of Climate Solutions – Purchases, Madhur Sehgal said. The ingenious innovation guarantees optimum milk temperature levels along with reduced electricity consumption, which pulls down the carbon dioxide footprint, resolving important dairy handling obstacles and assisting India’s lasting food items production objectives, the declaration added. Posted On Aug 11, 2024 at 12:27 PM IST.

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