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

.Agent ImageThe domestic food market is actually assumed to grow through over 47 per cent to reach USD 1,274 billion by 2027, a report released due to the Coalition of Indian Market as well as supported through Danfoss India mentioned. India's meals handling field finds innovative startups emerging along with innovative innovation, the document titled 'Food items Handling Industry in India - Potential for Southern States. and also released through CII, CII SKIN (Alliance of Indian Sector-- Food Items and also Farming Centre of Distinction) and also Danfoss India, said. Danfoss India is a leader in heating system, venting as well as air-conditioning and is the subsidiary of Denmark-headquartered engineering major Danfoss. A number of the crucial highlights of the record, which was actually released at the CII-FoodPro 2024 include the ability that southerly conditions contain for food processing market. "Tamil Nadu leads India's export of processing fruits, extracts as well as almonds, along with a thirty three per-cent portion through quantity as well as 27 per cent through worth, exporting 2,08,370 metric tonnes worth USD 220.81 million in 2023-24," the report claimed. The food handling business in India sees cutting-edge start-ups arising along with innovative modern technology, the document claimed. The research study lugs ideas on arising fads, innovations as well as export opportunities making it possible for businesses to bring in enlightened selections and use the sector's potential South India's food handling sector performs the peak of a change, with ingenious sections like millets, ready-to-eat as well as plant-based dairy products alternatives opening a treasure trove of economical possibilities for farmers. The recently launched document shows, technology holds the crucial to supercharging this development, making sure the best criteria of protection and also quality and also thrusting India's exports onto the global stage," CII National Council for Cold Weather Chain as well as Agri Strategies Chairman Ravichandran Purushothaman mentioned. "At Danfoss India, we are actually delighted to become an aspect of this transformative adventure, steering maintainable food processing options that are going to shape the future of Indian horticulture and also food field," he mentioned in a declaration on Saturday. During the occasion, Danfoss Optyma Pack Shrinking Device, a reliable and also energy-efficient option for Majority Dairy Air Conditioning and Cold Area programs was released. "The Optyma Load Reducing Unit is actually an activity changer for India's dairy business and also cool room functions. Its own unique style as well as trusted functionality will substantially assist in fulfilling our client's expense as well as sustainability targets," Danfoss India Area Head of Climate Solutions - Sales, Madhur Sehgal pointed out. The cutting-edge innovation ensures optimal dairy temperatures with minimised electricity consumption, which brings down the carbon impact, attending to crucial dairy products processing problems and supporting India's sustainable food creation objectives, the claim added.
Published On Aug 11, 2024 at 12:27 PM IST.




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