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

.Agent ImageThe residential food market is anticipated to increase through over 47 per cent to get to USD 1,274 billion by 2027, a report launched due to the Association of Indian Industry and sustained through Danfoss India mentioned. India's meals processing sector sees cutting-edge start-ups emerging along with sophisticated modern technology, the report entitled 'Food Processing Sector in India - Possible for Southern States. and also launched through CII, CII FACE (Sorority of Indian Industry-- Food and also Farming Center of Quality) as well as Danfoss India, pointed out. Danfoss India is actually an innovator in heating system, ventilation as well as air-conditioning and is the subsidiary of Denmark-headquartered design major Danfoss. Several of the key highlights of the report, which was launched at the CII-FoodPro 2024 include the ability that southern conditions hold for meals handling business. "Tamil Nadu leads India's export of processing fruits, juices and almonds, along with a 33 percent portion through quantity and also 27 percent through value, transporting 2,08,370 statistics tonnes worth USD 220.81 thousand in 2023-24," the file said. The meals handling industry in India observes cutting-edge startups surfacing along with sophisticated modern technology, the report pointed out. The research holds knowledge on emerging fads, modern technologies and also export opportunities enabling companies to create well informed selections and use the sector's prospective South India's food handling field gets on the peak of a revolution, with innovative sections like millets, ready-to-eat as well as plant-based dairy products alternatives opening a bonanza of economical possibilities for planters. The freshly introduced document shows, technology keeps the vital to supercharging this growth, making sure the best standards of protection as well as premium and moving India's exports onto the international stage," CII National Authorities for Cold Weather Chain and also Agri Strategies Chairman Ravichandran Purushothaman mentioned. "At Danfoss India, we are excited to become a component of this transformative quest, driving sustainable meals processing answers that are going to shape the future of Indian horticulture and food items field," he claimed in a claim on Saturday. During the course of the activity, Danfoss Optyma Pack Reducing System, a dependable and also energy-efficient answer for Mass Dairy Air Conditioning and also Cold Area programs was introduced. "The Optyma Pack Condensing Unit is a video game changer for India's dairy products sector and cold room apps. Its special concept and dependable functionality are going to significantly assist in meeting our consumer's price as well as sustainability objectives," Danfoss India Area Head of Weather Solutions - Sales, Madhur Sehgal said. The impressive innovation ensures ideal milk temperature levels with minimised electricity usage, which reduces the carbon impact, addressing vital dairy products handling difficulties and sustaining India's sustainable meals manufacturing goals, the statement added.
Published On Aug 11, 2024 at 12:27 PM IST.




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