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

.Agent ImageThe residential food market is assumed to grow by over 47 percent to reach USD 1,274 billion through 2027, a report discharged due to the Brotherhood of Indian Business and assisted through Danfoss India mentioned. India's food handling industry sees cutting-edge start-ups arising with groundbreaking technology, the report titled 'Food items Processing Sector in India - Potential for Southern States. as well as discharged by CII, CII FACE (Confederation of Indian Business-- Food Items and also Farming Center of Excellence) and also Danfoss India, claimed. Danfoss India is an innovator in home heating, venting and air-conditioning as well as is the subsidiary of Denmark-headquartered engineering significant Danfoss. Several of the crucial highlights of the report, which was actually released at the CII-FoodPro 2024 feature the possibility that southern states hold for food processing business. "Tamil Nadu leads India's export of processing fruits, juices as well as nuts, along with a thirty three per cent reveal by quantity as well as 27 per-cent by worth, transporting 2,08,370 statistics tonnes worth USD 220.81 thousand in 2023-24," the file mentioned. The food handling sector in India finds innovative startups developing along with cutting-edge technology, the file claimed. The research carries insights on developing patterns, innovations and also export opportunities enabling organizations to create well informed choices and also tap into the sector's potential South India's food processing industry is on the cusp of a transformation, with ingenious sections like millets, ready-to-eat and also plant-based milk choices uncovering a treasure of economic possibilities for farmers. The newly introduced document reveals, technology stores the essential to supercharging this growth, making sure the best specifications of security and also quality and also pushing India's exports onto the worldwide phase," CII National Authorities for Cold Weather Chain as well as Agri Logistics Leader Ravichandran Purushothaman stated. "At Danfoss India, our experts are delighted to be a portion of this transformative experience, driving sustainable food items processing options that are going to form the future of Indian horticulture and food items industry," he claimed in a statement on Sunday. During the course of the event, Danfoss Optyma Stuff Shrinking Device, a reliable and also energy-efficient service for Bulk Dairy Cooling and also Cold weather Space applications was launched. "The Optyma Stuff Shrinking Device is actually an activity changer for India's milk market and cold area functions. Its unique layout and also trustworthy functionality will significantly help in meeting our consumer's expense as well as durability objectives," Danfoss India Area Scalp of Environment Solutions - Purchases, Madhur Sehgal mentioned. The innovative innovation guarantees ideal dairy temperatures along with reduced energy consumption, which brings down the carbon footprint, taking care of important milk processing difficulties and also assisting India's sustainable food items production targets, the declaration incorporated.
Posted On Aug 11, 2024 at 12:27 PM IST.




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