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

.Agent ImageThe domestic grocery store is actually assumed to grow through over 47 per cent to reach USD 1,274 billion through 2027, a record released by the Order of Indian Market and assisted through Danfoss India pointed out. India's food processing sector views impressive start-ups developing along with innovative modern technology, the document entitled 'Food Handling Field in India - Possible for Southern States. and released by CII, CII FACE (Confederation of Indian Market-- Meals and also Agriculture Centre of Excellence) and Danfoss India, mentioned. Danfoss India is a forerunner in heating, air flow as well as air-conditioning and also is the subsidiary of Denmark-headquartered design significant Danfoss. A number of the vital highlights of the document, which was actually discharged at the CII-FoodPro 2024 include the potential that southerly conditions contain for food processing business. "Tamil Nadu leads India's export of handling fruit products, juices as well as almonds, with a 33 per cent share by amount and also 27 per-cent through worth, transporting 2,08,370 statistics tonnes worth USD 220.81 thousand in 2023-24," the report pointed out. The food items processing field in India sees impressive startups arising with sophisticated technology, the report pointed out. The study carries knowledge on arising styles, innovations and also export possibilities permitting organizations to create enlightened decisions as well as take advantage of the sector's prospective South India's food items processing market gets on the cusp of a reformation, with ingenious sectors like millets, ready-to-eat and plant-based milk substitutes uncovering a treasure trove of economical options for farmers. The recently introduced record shows, innovation stores the vital to supercharging this growth, making certain the highest possible requirements of safety and also quality as well as thrusting India's exports onto the worldwide phase," CII National Authorities for Cold Chain and also Agri Logistics Chairman Ravichandran Purushothaman claimed. "At Danfoss India, we are actually thrilled to become a portion of this transformative quest, driving lasting meals handling remedies that will certainly form the future of Indian agriculture and also meals sector," he said in a statement on Sunday. During the occasion, Danfoss Optyma Pack Condensing System, a trustworthy and energy-efficient remedy for Bulk Dairy Cooling and Cold weather Room applications was released. "The Optyma Pack Shrinking Device is actually a game changer for India's dairy field as well as chilly area apps. Its own special concept as well as trusted efficiency will considerably aid in meeting our consumer's price and durability targets," Danfoss India Region Head of Environment Solutions - Sales, Madhur Sehgal said. The ingenious technology guarantees ideal milk temperatures along with reduced energy intake, which lowers the carbon dioxide impact, attending to important dairy products handling obstacles and assisting India's lasting food items creation objectives, the statement added.
Released On Aug 11, 2024 at 12:27 PM IST.




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