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

.Agent ImageThe domestic grocery store is assumed to grow through over 47 per-cent to reach out to USD 1,274 billion by 2027, a file released due to the Association of Indian Sector as well as supported by Danfoss India claimed. India's food processing field finds cutting-edge startups developing along with innovative technology, the file titled 'Meals Processing Market in India - Prospective for Southern States. as well as discharged through CII, CII FACE (Sorority of Indian Sector-- Food as well as Agriculture Facility of Superiority) and also Danfoss India, claimed. Danfoss India is a forerunner in heating, venting and also air-conditioning as well as is the subsidiary of Denmark-headquartered engineering major Danfoss. Several of the crucial highlights of the file, which was released at the CII-FoodPro 2024 consist of the ability that southerly conditions carry for food items processing field. "Tamil Nadu leads India's export of processing fruit products, extracts and also nuts, along with a 33 percent reveal through volume and also 27 per-cent by value, transporting 2,08,370 metric tonnes worth USD 220.81 thousand in 2023-24," the report said. The food items handling field in India observes cutting-edge startups surfacing with advanced modern technology, the file pointed out. The research brings insights on developing trends, modern technologies and also export opportunities permitting companies to bring in knowledgeable choices and tap into the field's prospective South India's meals processing market is on the cusp of a change, with cutting-edge portions like millets, ready-to-eat and also plant-based dairy substitutes opening a treasure of financial possibilities for planters. The freshly launched document reveals, innovation holds the crucial to supercharging this development, making certain the highest specifications of safety and also high quality as well as pushing India's exports onto the worldwide phase," CII National Council for Cold Weather Chain as well as Agri Logistics Leader Ravichandran Purushothaman pointed out. "At Danfoss India, our company are actually thrilled to be a part of this transformative trip, driving lasting meals processing answers that will definitely shape the future of Indian farming and also food items sector," he pointed out in a statement on Sunday. Throughout the celebration, Danfoss Optyma Pack Condensing Device, a reputable and energy-efficient answer for Mass Milk Air Conditioning as well as Cold Area uses was released. "The Optyma Load Shrinking System is actually a game changer for India's milk field as well as cool room functions. Its one-of-a-kind concept and trusted efficiency will dramatically aid in meeting our consumer's cost and also durability targets," Danfoss India Region Head of Climate Solutions - Sales, Madhur Sehgal pointed out. The impressive technology guarantees ideal dairy temperatures along with minimised electricity consumption, which reduces the carbon dioxide footprint, addressing crucial dairy products processing difficulties as well as supporting India's lasting food production objectives, the declaration added.
Released On Aug 11, 2024 at 12:27 PM IST.




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