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

.Rep ImageThe domestic grocery store is expected to increase by over 47 percent to reach USD 1,274 billion through 2027, a report launched by the Brotherhood of Indian Field and also supported through Danfoss India mentioned. India's food items processing field views innovative start-ups surfacing with innovative modern technology, the file titled 'Food items Processing Field in India - Potential for Southern States. and discharged through CII, CII FACE (Sorority of Indian Field-- Food and Agriculture Centre of Distinction) and Danfoss India, pointed out. Danfoss India is actually a leader in heating system, air flow and air-conditioning as well as is the subsidiary of Denmark-headquartered design primary Danfoss. Some of the key highlights of the report, which was released at the CII-FoodPro 2024 include the potential that southerly conditions contain for food processing sector. "Tamil Nadu leads India's export of handling fruits, juices and almonds, along with a 33 per-cent portion through quantity and also 27 percent by worth, shipping 2,08,370 statistics tonnes worth USD 220.81 million in 2023-24," the record said. The food handling sector in India observes cutting-edge startups developing along with advanced modern technology, the file mentioned. The study holds understandings on surfacing styles, modern technologies as well as export chances enabling services to make educated selections and tap into the industry's prospective South India's food items processing sector gets on the cusp of a revolution, along with ingenious sections like millets, ready-to-eat and plant-based dairy options opening a gold mine of financial possibilities for farmers. The recently introduced file discloses, technology holds the crucial to supercharging this development, making certain the greatest standards of protection and also premium and also propelling India's exports onto the international phase," CII National Council for Cold Establishment and also Agri Strategies Chairman Ravichandran Purushothaman said. "At Danfoss India, we are excited to become a component of this transformative experience, driving lasting food handling options that will definitely mold the future of Indian farming and also food market," he pointed out in a declaration on Saturday. During the occasion, Danfoss Optyma Stuff Condensing Unit, a reliable and energy-efficient answer for Bulk Milk Cooling and also Cold Room programs was introduced. "The Optyma Load Condensing Unit is actually a game changer for India's dairy industry and also cold area applications. Its one-of-a-kind concept and also trusted functionality are going to substantially help in satisfying our client's cost as well as sustainability goals," Danfoss India Location Head of Temperature Solutions - Sales, Madhur Sehgal stated. The innovative technology makes sure superior milk temps with decreased electricity usage, which brings down the carbon impact, resolving important dairy handling difficulties as well as assisting India's sustainable food items production objectives, the claim incorporated.
Posted On Aug 11, 2024 at 12:27 PM IST.




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