Columns

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

.Agent ImageThe domestic grocery store is expected to increase through over 47 percent to connect with USD 1,274 billion through 2027, a file released by the Brotherhood of Indian Field as well as sustained by Danfoss India claimed. India's meals handling market sees impressive startups surfacing with cutting-edge modern technology, the file entitled 'Meals Handling Market in India - Potential for Southern States. and released by CII, CII SKIN (Sorority of Indian Field-- Food and also Farming Center of Quality) and also Danfoss India, stated. Danfoss India is a forerunner in heating, air flow and also air-conditioning and also is the subsidiary of Denmark-headquartered engineering primary Danfoss. A few of the vital highlights of the record, which was actually launched at the CII-FoodPro 2024 consist of the possibility that southerly conditions contain for food processing business. "Tamil Nadu leads India's export of processing fruit products, juices and nuts, with a 33 percent share by volume and also 27 per-cent through value, transporting 2,08,370 statistics tonnes worth USD 220.81 thousand in 2023-24," the report pointed out. The food items processing market in India views impressive startups arising along with innovative technology, the report stated. The research study carries ideas on developing trends, innovations and export possibilities allowing companies to bring in informed choices and also take advantage of the market's potential South India's meals processing field performs the cusp of a transformation, with ingenious sectors like millets, ready-to-eat and also plant-based milk options unlocking a bonanza of financial opportunities for farmers. The freshly launched file shows, innovation stores the essential to supercharging this growth, ensuring the greatest requirements of safety as well as premium and pushing India's exports onto the global phase," CII National Authorities for Cold Chain and Agri Strategies Leader Ravichandran Purushothaman claimed. "At Danfoss India, we are thrilled to become a portion of this transformative quest, steering lasting food items handling solutions that will definitely mold the future of Indian horticulture and food sector," he mentioned in a claim on Sunday. During the activity, Danfoss Optyma Load Condensing System, a trustworthy as well as energy-efficient option for Majority Dairy Air Conditioning as well as Cold weather Room applications was released. "The Optyma Pack Condensing System is a game changer for India's dairy products industry and also chilly room apps. Its own special layout and dependable functionality will significantly assist in fulfilling our consumer's price as well as sustainability objectives," Danfoss India Location Scalp of Climate Solutions - Purchases, Madhur Sehgal stated. The cutting-edge innovation ensures optimum milk temps along with reduced electricity usage, which pulls down the carbon dioxide footprint, resolving important milk handling challenges and also sustaining India's maintainable meals creation objectives, the statement incorporated.
Posted On Aug 11, 2024 at 12:27 PM IST.




Sign up with the neighborhood of 2M+ market specialists.Sign up for our email list to acquire most recent knowledge &amp analysis.


Install ETRetail App.Get Realtime updates.Spare your favourite write-ups.


Browse to download and install Application.

Articles You Can Be Interested In