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Domestic food market expected to grow through over 47% to touch USD 1,274 bn: Record, ET Retail

.Representative ImageThe domestic food market is expected to develop by over 47 per cent to connect with USD 1,274 billion by 2027, a report released by the Organization of Indian Field as well as assisted through Danfoss India said. India's meals handling field finds impressive startups emerging with groundbreaking innovation, the document entitled 'Meals Processing Sector in India - Prospective for Southern States. and launched by CII, CII SKIN (Brotherhood of Indian Market-- Food and Farming Facility of Superiority) as well as Danfoss India, stated. Danfoss India is a forerunner in heating, ventilation and also air-conditioning and also is the subsidiary of Denmark-headquartered design significant Danfoss. A number of the vital highlights of the file, which was released at the CII-FoodPro 2024 consist of the possibility that southern states carry for food items handling sector. "Tamil Nadu leads India's export of handling fruit products, extracts and also almonds, with a thirty three per cent portion through amount as well as 27 per-cent by value, exporting 2,08,370 statistics tonnes worth USD 220.81 million in 2023-24," the file stated. The meals processing field in India finds innovative startups arising with groundbreaking technology, the file claimed. The study carries insights on arising styles, innovations and also export possibilities permitting organizations to bring in informed decisions as well as tap into the field's possible South India's food items handling sector is on the cusp of a reformation, along with ingenious portions like millets, ready-to-eat as well as plant-based dairy products choices uncovering a treasure of financial possibilities for planters. The freshly launched document discloses, technology keeps the vital to supercharging this development, ensuring the highest requirements of safety and security as well as high quality as well as moving India's exports onto the global phase," CII National Council for Cold Chain and also Agri Logistics Leader Ravichandran Purushothaman pointed out. "At Danfoss India, our company are actually excited to become a portion of this transformative adventure, steering sustainable food processing remedies that will definitely shape the future of Indian agriculture and also food items sector," he pointed out in a declaration on Saturday. Throughout the event, Danfoss Optyma Stuff Shrinking Unit, a dependable and also energy-efficient service for Bulk Milk Air Conditioning and also Cold weather Space applications was actually released. "The Optyma Stuff Reducing Unit is a game changer for India's milk field and also cold area apps. Its own one-of-a-kind layout and also dependable performance will considerably aid in meeting our customer's cost and also sustainability targets," Danfoss India Location Head of Environment Solutions - Purchases, Madhur Sehgal stated. The impressive technology ensures optimal dairy temperatures along with minimised electricity usage, which lowers the carbon dioxide footprint, taking care of critical milk processing problems as well as sustaining India's maintainable meals manufacturing goals, the statement included.
Published On Aug 11, 2024 at 12:27 PM IST.




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