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

.Rep ImageThe residential grocery store is actually expected to expand by over 47 per-cent to get to USD 1,274 billion through 2027, a document released by the Association of Indian Field as well as supported by Danfoss India pointed out. India's food processing sector sees ingenious start-ups surfacing with sophisticated technology, the document entitled 'Meals Handling Market in India - Prospective for Southern States. and also launched by CII, CII FACE (Association of Indian Market-- Meals and also Farming Centre of Distinction) and also Danfoss India, stated. Danfoss India is actually a leader in home heating, air flow and air-conditioning and also is actually the subsidiary of Denmark-headquartered design significant Danfoss. Some of the vital highlights of the report, which was actually launched at the CII-FoodPro 2024 consist of the capacity that southern states hold for meals processing field. "Tamil Nadu leads India's export of handling fruit products, juices as well as almonds, along with a thirty three percent portion through amount and also 27 per-cent through value, shipping 2,08,370 measurement tonnes worth USD 220.81 thousand in 2023-24," the record claimed. The food handling industry in India observes innovative start-ups developing with cutting-edge modern technology, the record said. The research lugs insights on arising patterns, innovations and also export options enabling organizations to make well informed choices and also take advantage of the market's possible South India's meals processing sector performs the peak of a change, along with cutting-edge segments like millets, ready-to-eat and plant-based milk choices unlocking a treasure trove of economical options for farmers. The recently released report discloses, modern technology holds the crucial to supercharging this growth, ensuring the best criteria of protection and also premium and thrusting India's exports onto the international stage," CII National Council for Cold Chain and also Agri Coordination Chairman Ravichandran Purushothaman claimed. "At Danfoss India, our company are actually delighted to be an aspect of this transformative quest, steering maintainable food items handling services that are going to shape the future of Indian agriculture and also food sector," he said in a declaration on Sunday. Throughout the event, Danfoss Optyma Pack Shrinking Unit, a trusted as well as energy-efficient service for Mass Dairy Cooling and also Cold weather Area programs was actually introduced. "The Optyma Stuff Condensing Unit is an activity changer for India's dairy products sector as well as cool space functions. Its distinct layout as well as reliable performance are going to considerably assist in meeting our client's cost and also sustainability goals," Danfoss India Location Head of Environment Solutions - Purchases, Madhur Sehgal pointed out. The innovative modern technology guarantees superior dairy temps with reduced energy usage, which pulls down the carbon footprint, addressing essential milk processing obstacles and sustaining India's lasting food development goals, the statement incorporated.
Published On Aug 11, 2024 at 12:27 PM IST.




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