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

.Rep ImageThe domestic food market is anticipated to expand by over 47 percent to reach USD 1,274 billion by 2027, a document released due to the Brotherhood of Indian Sector and also sustained through Danfoss India pointed out. India's food processing market finds cutting-edge startups emerging along with groundbreaking modern technology, the record entitled 'Food items Handling Industry in India - Possible for Southern States. and also released through CII, CII SKIN (Coalition of Indian Field-- Food and also Agriculture Center of Distinction) and also Danfoss India, pointed out. Danfoss India is an innovator in heating system, ventilation and also air-conditioning and is the subsidiary of Denmark-headquartered engineering major Danfoss. Several of the crucial highlights of the report, which was discharged at the CII-FoodPro 2024 include the capacity that southerly conditions accommodate for food items handling sector. "Tamil Nadu leads India's export of processing fruits, extracts and also almonds, along with a 33 percent reveal by quantity as well as 27 percent by worth, transporting 2,08,370 measurement tonnes worth USD 220.81 million in 2023-24," the document said. The meals processing industry in India views innovative start-ups surfacing with advanced innovation, the report claimed. The research carries knowledge on emerging trends, modern technologies and also export chances making it possible for companies to create well informed choices and also use the field's prospective South India's food handling field performs the cusp of a reformation, along with impressive portions like millets, ready-to-eat as well as plant-based milk choices uncovering a treasure of economical opportunities for farmers. The recently launched document shows, innovation keeps the key to supercharging this growth, ensuring the best requirements of safety as well as quality as well as pushing India's exports onto the global phase," CII National Authorities for Cold Weather Establishment and Agri Logistics Leader Ravichandran Purushothaman said. "At Danfoss India, our company are delighted to become an aspect of this transformative trip, steering lasting food handling remedies that are going to form the future of Indian farming and also meals industry," he pointed out in a declaration on Saturday. In the course of the event, Danfoss Optyma Pack Condensing Device, a dependable and also energy-efficient answer for Majority Milk Cooling as well as Cold weather Space applications was launched. "The Optyma Pack Condensing System is actually a game changer for India's dairy field as well as cold space functions. Its own unique design and also dependable performance will substantially assist in satisfying our client's cost and sustainability objectives," Danfoss India Region Scalp of Temperature Solutions - Sales, Madhur Sehgal claimed. The innovative technology ensures superior milk temps with minimised power consumption, which brings down the carbon footprint, attending to critical dairy products processing problems and supporting India's maintainable meals manufacturing objectives, the declaration incorporated.
Posted On Aug 11, 2024 at 12:27 PM IST.




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