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

.Representative ImageThe domestic grocery store is expected to expand through over 47 per cent to get to USD 1,274 billion by 2027, a report discharged by the Coalition of Indian Field as well as supported through Danfoss India said. India's meals processing field sees ingenious startups emerging along with groundbreaking technology, the report labelled 'Food items Handling Industry in India - Potential for Southern States. as well as launched by CII, CII SKIN (Brotherhood of Indian Business-- Food Items and also Agriculture Facility of Superiority) and also Danfoss India, pointed out. Danfoss India is a leader in heating system, ventilation and also air-conditioning as well as is actually the subsidiary of Denmark-headquartered engineering primary Danfoss. Some of the vital highlights of the document, which was launched at the CII-FoodPro 2024 consist of the potential that southern conditions hold for food items processing market. "Tamil Nadu leads India's export of handling fruit products, extracts and also nuts, with a thirty three percent allotment by volume as well as 27 percent through value, shipping 2,08,370 measurement tonnes worth USD 220.81 thousand in 2023-24," the record pointed out. The food handling industry in India observes innovative start-ups emerging along with sophisticated innovation, the record pointed out. The research study lugs insights on surfacing trends, modern technologies and also export chances enabling organizations to create enlightened selections as well as use the industry's prospective South India's food handling sector is on the peak of a reformation, along with cutting-edge portions like millets, ready-to-eat as well as plant-based dairy substitutes uncovering a bonanza of financial possibilities for planters. The freshly introduced file reveals, technology stores the crucial to supercharging this development, making sure the best standards of security and also quality and also moving India's exports onto the worldwide stage," CII National Council for Cold Weather Chain and Agri Strategies Chairman Ravichandran Purushothaman mentioned. "At Danfoss India, we are actually thrilled to be a portion of this transformative journey, steering lasting food items processing answers that will definitely shape the future of Indian horticulture and also meals sector," he said in a declaration on Saturday. During the course of the celebration, Danfoss Optyma Pack Reducing Unit, a reliable and energy-efficient answer for Mass Dairy Cooling and also Cold weather Room programs was actually released. "The Optyma Pack Shrinking System is a video game changer for India's dairy products business and also cold room applications. Its unique design and also reputable functionality are going to significantly assist in satisfying our consumer's expense and also durability targets," Danfoss India Location Scalp of Temperature Solutions - Sales, Madhur Sehgal mentioned. The impressive technology guarantees superior milk temps along with minimised electricity consumption, which lowers the carbon dioxide impact, resolving vital dairy handling difficulties and assisting India's sustainable meals development targets, the claim incorporated.
Released On Aug 11, 2024 at 12:27 PM IST.




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