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

.Representative ImageThe residential food market is actually expected to expand by over 47 per cent to connect with USD 1,274 billion by 2027, a document launched due to the Alliance of Indian Field and also assisted through Danfoss India stated. India's food items processing industry observes ingenious start-ups arising along with sophisticated modern technology, the file labelled 'Meals Processing Market in India - Prospective for Southern States. as well as discharged by CII, CII FACE (Association of Indian Industry-- Food Items and also Farming Center of Quality) and also Danfoss India, pointed out. Danfoss India is actually a leader in heating system, air flow and also air-conditioning as well as is actually the subsidiary of Denmark-headquartered design primary Danfoss. A number of the vital highlights of the file, which was released at the CII-FoodPro 2024 include the possibility that southern states hold for meals processing industry. "Tamil Nadu leads India's export of handling fruit products, extracts and also almonds, with a thirty three per cent reveal through quantity as well as 27 percent by worth, transporting 2,08,370 statistics tonnes worth USD 220.81 million in 2023-24," the file mentioned. The meals handling field in India sees cutting-edge startups surfacing with cutting-edge technology, the report pointed out. The research study lugs insights on developing styles, modern technologies and also export chances allowing services to bring in knowledgeable decisions as well as take advantage of the market's possible South India's food items processing market performs the cusp of a transformation, along with ingenious segments like millets, ready-to-eat and plant-based milk options opening a treasure of economic possibilities for farmers. The freshly released file exposes, modern technology holds the key to supercharging this development, ensuring the highest possible criteria of safety and also premium and also driving India's exports onto the global phase," CII National Authorities for Cold Establishment and Agri Coordination Chairman Ravichandran Purushothaman claimed. "At Danfoss India, our team are actually delighted to become a component of this transformative quest, steering maintainable food items processing services that will definitely shape the future of Indian horticulture and also food market," he mentioned in a declaration on Saturday. During the course of the celebration, Danfoss Optyma Stuff Shrinking System, a dependable and also energy-efficient service for Majority Dairy Cooling and also Cold Area applications was actually launched. "The Optyma Stuff Shrinking Device is actually a game changer for India's milk industry and cool area apps. Its unique concept and trusted functionality will considerably help in fulfilling our customer's price as well as sustainability objectives," Danfoss India Location Scalp of Environment Solutions - Sales, Madhur Sehgal said. The cutting-edge technology makes sure optimum milk temperature levels with reduced electricity usage, which brings down the carbon footprint, taking care of vital milk handling problems as well as supporting India's sustainable meals development goals, the declaration added.
Published On Aug 11, 2024 at 12:27 PM IST.




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