Columns

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

.Agent ImageThe domestic food market is anticipated to develop through over 47 percent to get to USD 1,274 billion through 2027, a report discharged due to the Confederation of Indian Market as well as supported through Danfoss India mentioned. India's food items handling sector finds innovative start-ups arising along with innovative innovation, the file entitled 'Food items Processing Industry in India - Possible for Southern States. and also discharged by CII, CII FACE (Fraternity of Indian Sector-- Meals and Farming Center of Superiority) as well as Danfoss India, mentioned. Danfoss India is an innovator in heating, air flow as well as air-conditioning and is the subsidiary of Denmark-headquartered design major Danfoss. Several of the crucial highlights of the document, which was discharged at the CII-FoodPro 2024 feature the possibility that southern states carry for food handling industry. "Tamil Nadu leads India's export of handling fruits, juices and also nuts, with a thirty three per-cent allotment through amount as well as 27 per cent through value, transporting 2,08,370 measurement tonnes worth USD 220.81 thousand in 2023-24," the document pointed out. The meals handling sector in India sees ingenious startups arising with advanced technology, the file stated. The research lugs ideas on arising patterns, innovations as well as export possibilities allowing organizations to make enlightened decisions and take advantage of the market's possible South India's food handling market performs the peak of a transformation, along with cutting-edge portions like millets, ready-to-eat and plant-based dairy products choices unlocking a gold mine of economic possibilities for planters. The recently launched file uncovers, technology holds the vital to supercharging this development, ensuring the greatest requirements of protection as well as premium and also pushing India's exports onto the global stage," CII National Authorities for Cold Weather Chain and also Agri Logistics Leader Ravichandran Purushothaman mentioned. "At Danfoss India, our team are delighted to become a part of this transformative trip, steering lasting food items processing solutions that will definitely shape the future of Indian farming as well as meals market," he said in a claim on Sunday. Throughout the celebration, Danfoss Optyma Stuff Shrinking Device, a trustworthy and also energy-efficient remedy for Majority Milk Cooling and also Cold weather Area uses was actually released. "The Optyma Stuff Reducing Device is a game changer for India's dairy products market as well as chilly area applications. Its one-of-a-kind style as well as reliable functionality are going to significantly help in fulfilling our consumer's cost and durability objectives," Danfoss India Region Scalp of Climate Solutions - Purchases, Madhur Sehgal pointed out. The cutting-edge innovation makes sure optimum dairy temperature levels with minimised energy consumption, which pulls down the carbon footprint, attending to crucial milk handling obstacles and sustaining India's lasting food production targets, the claim included.
Released On Aug 11, 2024 at 12:27 PM IST.




Sign up with the community of 2M+ field experts.Register for our e-newsletter to acquire newest understandings &amp analysis.


Download ETRetail App.Obtain Realtime updates.Conserve your preferred write-ups.


Check to download and install App.