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

.Agent ImageThe residential grocery store is actually anticipated to increase through over 47 percent to reach USD 1,274 billion through 2027, a record released by the Association of Indian Field and also supported by Danfoss India pointed out. India’s food handling market finds innovative startups developing with innovative technology, the report entitled ‘Food Handling Sector in India – Potential for Southern States. and also discharged through CII, CII FACE (Confederation of Indian Field– Food Items and also Agriculture Center of Distinction) and also Danfoss India, said.

Danfoss India is actually an innovator in heating system, ventilation as well as air-conditioning and is the subsidiary of Denmark-headquartered engineering primary Danfoss. A few of the essential highlights of the record, which was actually discharged at the CII-FoodPro 2024 include the possibility that southerly conditions hold for food items handling business. “Tamil Nadu leads India’s export of handling fruit products, extracts as well as almonds, with a 33 percent allotment by volume and also 27 percent by value, exporting 2,08,370 statistics tonnes worth USD 220.81 thousand in 2023-24,” the document mentioned.

The food items processing market in India views impressive start-ups surfacing with cutting-edge innovation, the record mentioned. The study holds ideas on surfacing trends, modern technologies and export chances permitting businesses to bring in informed choices and also tap into the market’s prospective South India’s meals handling field gets on the peak of a transformation, with innovative portions like millets, ready-to-eat as well as plant-based milk choices uncovering a treasure trove of financial chances for planters. The recently launched record reveals, modern technology keeps the crucial to supercharging this growth, making sure the highest possible standards of safety and also top quality and driving India’s exports onto the worldwide stage,” CII National Council for Cold Establishment and also Agri Logistics Leader Ravichandran Purushothaman stated.

“At Danfoss India, our company are actually delighted to be an aspect of this transformative adventure, steering lasting meals processing remedies that are going to mold the future of Indian agriculture and also food field,” he pointed out in a declaration on Sunday. During the course of the celebration, Danfoss Optyma Load Shrinking Device, a reliable and energy-efficient solution for Majority Dairy Cooling and also Cold Space programs was introduced. “The Optyma Stuff Shrinking Device is a video game changer for India’s dairy market and chilly room functions.

Its one-of-a-kind layout and also dependable functionality will substantially help in fulfilling our customer’s expense and sustainability goals,” Danfoss India Area Head of Temperature Solutions – Sales, Madhur Sehgal said. The innovative technology guarantees superior milk temperature levels along with minimised power intake, which reduces the carbon dioxide impact, addressing important milk handling difficulties and supporting India’s sustainable food items development goals, the statement incorporated. Published On Aug 11, 2024 at 12:27 PM IST.

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