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

.Rep ImageThe domestic grocery store is expected to increase by over 47 per cent to reach out to USD 1,274 billion through 2027, a report released by the Fraternity of Indian Field and also supported by Danfoss India stated. India's meals processing market finds impressive startups surfacing along with sophisticated technology, the document entitled 'Food items Handling Sector in India - Potential for Southern States. as well as released by CII, CII SKIN (League of Indian Business-- Meals as well as Horticulture Facility of Distinction) as well as Danfoss India, pointed out. Danfoss India is actually a leader in heating system, air flow as well as air-conditioning as well as is actually the subsidiary of Denmark-headquartered engineering significant Danfoss. Several of the vital highlights of the record, which was actually released at the CII-FoodPro 2024 consist of the ability that southern states hold for food items processing industry. "Tamil Nadu leads India's export of handling fruits, juices as well as almonds, along with a thirty three percent portion by volume as well as 27 per-cent through market value, shipping 2,08,370 measurement tonnes worth USD 220.81 million in 2023-24," the report claimed. The food items processing market in India sees cutting-edge startups surfacing with innovative technology, the record claimed. The study carries understandings on emerging trends, modern technologies as well as export opportunities making it possible for services to make enlightened decisions and tap into the industry's possible South India's food handling field gets on the peak of a reformation, along with impressive portions like millets, ready-to-eat and also plant-based dairy choices uncovering a bonanza of economic chances for farmers. The freshly introduced record exposes, technology stores the essential to supercharging this development, making sure the highest specifications of security as well as quality and also thrusting India's exports onto the global phase," CII National Council for Cold Establishment and Agri Logistics Chairman Ravichandran Purushothaman said. "At Danfoss India, we are actually excited to be a component of this transformative quest, steering maintainable food items handling services that are going to form the future of Indian horticulture and also food industry," he mentioned in a declaration on Sunday. During the event, Danfoss Optyma Load Reducing System, a dependable as well as energy-efficient answer for Majority Milk Cooling and Cold weather Area uses was actually released. "The Optyma Load Condensing Unit is actually a game changer for India's dairy products field and cool space functions. Its one-of-a-kind design as well as reputable performance are going to dramatically help in fulfilling our customer's price and also sustainability targets," Danfoss India Area Head of Climate Solutions - Purchases, Madhur Sehgal stated. The innovative innovation ensures superior milk temps along with reduced energy consumption, which reduces the carbon footprint, attending to important dairy products handling obstacles and sustaining India's maintainable meals manufacturing objectives, the claim added.
Published On Aug 11, 2024 at 12:27 PM IST.




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