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

.Rep ImageThe residential food market is expected to expand through over 47 per-cent to get to USD 1,274 billion through 2027, a file released due to the Brotherhood of Indian Market as well as supported through Danfoss India said. India's meals handling sector finds ingenious start-ups developing along with sophisticated modern technology, the report titled 'Food Processing Sector in India - Potential for Southern States. and also launched by CII, CII FACE (Organization of Indian Market-- Meals and also Agriculture Centre of Distinction) as well as Danfoss India, pointed out. Danfoss India is actually an innovator in heating system, ventilation and air-conditioning as well as is actually the subsidiary of Denmark-headquartered design significant Danfoss. Several of the crucial highlights of the document, which was discharged at the CII-FoodPro 2024 feature the potential that southern states carry for meals processing industry. "Tamil Nadu leads India's export of handling fruit products, extracts as well as almonds, with a thirty three percent reveal by quantity and also 27 percent by value, transporting 2,08,370 statistics tonnes worth USD 220.81 million in 2023-24," the document said. The food items handling industry in India finds impressive startups arising with innovative innovation, the report claimed. The research study lugs ideas on developing trends, innovations and export chances enabling services to create well informed choices and tap into the market's possible South India's food processing field gets on the peak of a reformation, along with ingenious sectors like millets, ready-to-eat and plant-based dairy products choices uncovering a treasure of economical opportunities for farmers. The newly released record shows, technology stores the vital to supercharging this growth, making sure the best specifications of protection and top quality and also pushing India's exports onto the global phase," CII National Authorities for Cold Weather Establishment and Agri Logistics Chairman Ravichandran Purushothaman stated. "At Danfoss India, our team are thrilled to be a portion of this transformative adventure, driving lasting food items handling solutions that are going to form the future of Indian horticulture as well as food items industry," he pointed out in a claim on Sunday. During the event, Danfoss Optyma Pack Shrinking Device, a dependable as well as energy-efficient remedy for Bulk Dairy Air Conditioning and Cold weather Room uses was launched. "The Optyma Load Shrinking Device is a game changer for India's dairy business and cold space functions. Its one-of-a-kind design and reliable efficiency will dramatically assist in satisfying our customer's cost and also durability goals," Danfoss India Location Scalp of Temperature Solutions - Sales, Madhur Sehgal said. The innovative modern technology ensures optimum milk temperature levels with reduced electricity consumption, which brings down the carbon impact, resolving critical milk processing difficulties and also assisting India's sustainable food manufacturing goals, the claim incorporated.
Published On Aug 11, 2024 at 12:27 PM IST.




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