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

.Representative ImageThe domestic food market is assumed to expand through over 47 per cent to reach out to USD 1,274 billion through 2027, a file launched by the Coalition of Indian Market and sustained by Danfoss India claimed. India's food items processing business observes cutting-edge start-ups emerging along with groundbreaking innovation, the document labelled 'Food Handling Field in India - Possible for Southern States. and also launched through CII, CII FACE (Confederation of Indian Sector-- Food Items and also Horticulture Center of Excellence) and also Danfoss India, pointed out. Danfoss India is a leader in home heating, venting and also air-conditioning as well as is the subsidiary of Denmark-headquartered engineering major Danfoss. A few of the essential highlights of the record, which was launched at the CII-FoodPro 2024 include the possibility that southern states contain for food handling industry. "Tamil Nadu leads India's export of processing fruit products, juices and almonds, along with a 33 percent portion by volume as well as 27 per cent by value, transporting 2,08,370 metric tonnes worth USD 220.81 thousand in 2023-24," the report stated. The meals handling industry in India observes ingenious start-ups arising along with advanced technology, the report stated. The study carries ideas on arising trends, innovations and export opportunities making it possible for companies to create well informed decisions as well as use the field's potential South India's food handling market performs the peak of a revolution, with ingenious sections like millets, ready-to-eat and plant-based milk options unlocking a treasure of economic options for farmers. The newly released record uncovers, innovation holds the essential to supercharging this development, guaranteeing the best requirements of protection and top quality and also moving India's exports onto the worldwide phase," CII National Council for Cold Chain and also Agri Strategies Chairman Ravichandran Purushothaman mentioned. "At Danfoss India, our team are excited to become a part of this transformative trip, steering maintainable meals processing remedies that will shape the future of Indian agriculture as well as food items field," he stated in a statement on Sunday. During the celebration, Danfoss Optyma Load Reducing Device, a dependable as well as energy-efficient answer for Bulk Dairy Air Conditioning and Cold weather Area applications was actually launched. "The Optyma Stuff Condensing Unit is an activity changer for India's dairy products industry and also cool room apps. Its own unique design as well as dependable efficiency will significantly help in fulfilling our client's expense as well as durability goals," Danfoss India Area Scalp of Environment Solutions - Sales, Madhur Sehgal said. The impressive innovation guarantees optimum dairy temperature levels with decreased energy consumption, which pulls down the carbon dioxide impact, taking care of critical milk processing difficulties as well as supporting India's sustainable meals production goals, the claim added.
Released On Aug 11, 2024 at 12:27 PM IST.




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