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

.Representative ImageThe residential food market is assumed to grow through over 47 per-cent to reach USD 1,274 billion through 2027, a report launched by the Sisterhood of Indian Sector and supported by Danfoss India claimed. India's food processing field observes innovative startups emerging with innovative innovation, the report labelled 'Food items Processing Field in India - Prospective for Southern States. and also discharged through CII, CII FACE (Association of Indian Field-- Food as well as Agriculture Centre of Quality) and Danfoss India, stated. Danfoss India is actually an innovator in heating system, ventilation and also air-conditioning and also is the subsidiary of Denmark-headquartered engineering major Danfoss. Several of the crucial highlights of the record, which was actually released at the CII-FoodPro 2024 include the possibility that southerly states carry for food handling market. "Tamil Nadu leads India's export of handling fruit products, juices and nuts, along with a 33 per-cent portion through amount and also 27 percent through value, shipping 2,08,370 statistics tonnes worth USD 220.81 million in 2023-24," the file said. The meals handling industry in India finds ingenious start-ups developing along with cutting-edge modern technology, the file pointed out. The research study carries understandings on arising patterns, innovations as well as export opportunities making it possible for organizations to bring in knowledgeable choices as well as tap into the sector's potential South India's food processing field is on the cusp of a change, along with cutting-edge sections like millets, ready-to-eat as well as plant-based dairy choices opening a bonanza of economical options for farmers. The newly released document exposes, modern technology keeps the crucial to supercharging this growth, ensuring the greatest standards of safety and top quality and also pushing India's exports onto the international phase," CII National Council for Cold Establishment and also Agri Strategies Leader Ravichandran Purushothaman claimed. "At Danfoss India, our experts are actually delighted to be a portion of this transformative experience, steering lasting food items processing solutions that are going to form the future of Indian agriculture as well as food market," he pointed out in a claim on Saturday. Throughout the celebration, Danfoss Optyma Stuff Condensing Device, a reliable as well as energy-efficient option for Bulk Dairy Air Conditioning and Cold Space programs was introduced. "The Optyma Load Reducing Unit is a game changer for India's dairy industry and also cold room apps. Its one-of-a-kind concept and also dependable performance are going to considerably aid in satisfying our customer's expense and durability goals," Danfoss India Location Scalp of Environment Solutions - Purchases, Madhur Sehgal mentioned. The impressive modern technology guarantees optimum dairy temperature levels along with minimised power usage, which brings down the carbon impact, taking care of critical milk processing problems and also assisting India's lasting food production objectives, the statement added.
Posted On Aug 11, 2024 at 12:27 PM IST.




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