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

.Rep ImageThe residential food market is assumed to expand through over 47 per-cent to reach out to USD 1,274 billion through 2027, a record released due to the Coalition of Indian Business and also supported through Danfoss India claimed. India’s food processing industry observes cutting-edge start-ups arising with sophisticated innovation, the file entitled ‘Food Processing Sector in India – Possible for Southern States. and also discharged through CII, CII FACE (Fraternity of Indian Industry– Meals and Agriculture Facility of Excellence) and also Danfoss India, said.

Danfoss India is actually an innovator in heating, venting and also air-conditioning and also is actually the subsidiary of Denmark-headquartered engineering significant Danfoss. A few of the crucial highlights of the report, which was actually discharged at the CII-FoodPro 2024 include the ability that southerly conditions carry for meals handling sector. “Tamil Nadu leads India’s export of handling fruits, juices as well as almonds, with a thirty three per cent reveal by quantity and also 27 per-cent through worth, shipping 2,08,370 measurement tonnes worth USD 220.81 million in 2023-24,” the report stated.

The food processing field in India sees cutting-edge startups emerging with cutting-edge innovation, the report pointed out. The study lugs ideas on surfacing fads, technologies and also export chances allowing businesses to create informed choices as well as take advantage of the industry’s potential South India’s food handling sector is on the peak of a revolution, along with impressive sectors like millets, ready-to-eat as well as plant-based dairy products substitutes opening a bonanza of economical possibilities for farmers. The recently launched file discloses, innovation keeps the essential to supercharging this development, making sure the best criteria of safety and security as well as premium and pushing India’s exports onto the international phase,” CII National Authorities for Cold Weather Chain and Agri Logistics Chairman Ravichandran Purushothaman stated.

“At Danfoss India, our company are excited to be a portion of this transformative journey, driving sustainable food handling services that will definitely shape the future of Indian farming and also meals industry,” he said in a statement on Saturday. During the celebration, Danfoss Optyma Load Condensing Unit, a reputable and also energy-efficient answer for Mass Milk Cooling as well as Cold weather Area uses was actually released. “The Optyma Pack Shrinking System is a game changer for India’s milk field as well as chilly room functions.

Its unique concept and also reliable performance are going to substantially aid in fulfilling our consumer’s cost and sustainability objectives,” Danfoss India Area Head of Temperature Solutions – Purchases, Madhur Sehgal said. The impressive modern technology guarantees optimal milk temperatures along with decreased electricity consumption, which brings down the carbon footprint, attending to critical dairy processing challenges and sustaining India’s maintainable meals development goals, the statement added. Published On Aug 11, 2024 at 12:27 PM IST.

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