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

.Representative ImageThe domestic food market is actually anticipated to grow through over 47 per cent to reach USD 1,274 billion through 2027, a report released due to the Coalition of Indian Market as well as assisted by Danfoss India claimed. India's food items handling industry observes ingenious startups arising along with advanced modern technology, the record labelled 'Food items Handling Market in India - Possible for Southern States. as well as discharged by CII, CII FACE (Sisterhood of Indian Market-- Food Items and Agriculture Centre of Excellence) and also Danfoss India, said. Danfoss India is actually an innovator in heating, ventilation as well as air-conditioning and also is the subsidiary of Denmark-headquartered design major Danfoss. Several of the essential highlights of the file, which was actually launched at the CII-FoodPro 2024 include the possibility that southerly conditions hold for food items handling sector. "Tamil Nadu leads India's export of processing fruit products, extracts and also nuts, along with a thirty three per cent share through quantity as well as 27 percent by market value, shipping 2,08,370 metric tonnes worth USD 220.81 thousand in 2023-24," the report pointed out. The food items handling market in India observes innovative start-ups arising with innovative modern technology, the document pointed out. The study lugs ideas on emerging trends, innovations and export opportunities permitting organizations to make enlightened decisions and take advantage of the industry's prospective South India's food items processing field gets on the peak of a transformation, with innovative sectors like millets, ready-to-eat as well as plant-based dairy products alternatives uncovering a gold mine of economical possibilities for farmers. The freshly introduced record discloses, technology keeps the crucial to supercharging this development, making sure the best requirements of safety and security and premium and also driving India's exports onto the worldwide stage," CII National Council for Cold Weather Chain as well as Agri Logistics Chairman Ravichandran Purushothaman pointed out. "At Danfoss India, we are actually thrilled to become an aspect of this transformative trip, driving lasting food items handling remedies that are going to form the future of Indian farming as well as food items industry," he claimed in a statement on Sunday. Throughout the occasion, Danfoss Optyma Pack Condensing Unit, a reliable as well as energy-efficient solution for Majority Dairy Cooling and Cold weather Space uses was actually released. "The Optyma Stuff Reducing Unit is actually an activity changer for India's milk business and also chilly area functions. Its own special style as well as reputable performance will substantially help in fulfilling our customer's cost as well as durability objectives," Danfoss India Region Head of Environment Solutions - Purchases, Madhur Sehgal pointed out. The cutting-edge innovation makes certain optimum milk temps along with minimised energy usage, which brings down the carbon footprint, dealing with critical milk handling obstacles and sustaining India's maintainable food items production targets, the statement included.
Published On Aug 11, 2024 at 12:27 PM IST.




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