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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 assumed to develop through over 47 per cent to connect with USD 1,274 billion through 2027, a report released by the Confederation of Indian Industry and sustained by Danfoss India pointed out. India's meals handling market views impressive startups arising along with cutting-edge technology, the report entitled 'Meals Handling Field in India - Potential for Southern States. as well as launched by CII, CII FACE (Brotherhood of Indian Market-- Food and Horticulture Facility of Excellence) and Danfoss India, mentioned. Danfoss India is actually a leader in home heating, ventilation and air-conditioning and also is the subsidiary of Denmark-headquartered design significant Danfoss. Some of the crucial highlights of the record, which was launched at the CII-FoodPro 2024 consist of the potential that southerly states hold for food processing sector. "Tamil Nadu leads India's export of handling fruit products, extracts and also nuts, with a thirty three per-cent reveal through quantity as well as 27 per cent through worth, transporting 2,08,370 metric tonnes worth USD 220.81 thousand in 2023-24," the report stated. The food items processing market in India observes cutting-edge start-ups arising along with groundbreaking technology, the file claimed. The study holds insights on emerging trends, technologies as well as export opportunities allowing businesses to make enlightened selections and tap into the industry's prospective South India's food items processing industry performs the peak of a transformation, with ingenious segments like millets, ready-to-eat and plant-based dairy choices unlocking a treasure of economic options for farmers. The newly released record shows, innovation keeps the crucial to supercharging this development, making sure the greatest criteria of safety and security as well as premium and driving India's exports onto the international phase," CII National Authorities for Cold Establishment and Agri Logistics Leader Ravichandran Purushothaman claimed. "At Danfoss India, our experts are actually excited to be a portion of this transformative journey, steering sustainable food handling solutions that will definitely shape the future of Indian horticulture and meals industry," he pointed out in a claim on Saturday. In the course of the occasion, Danfoss Optyma Stuff Reducing System, a reliable and also energy-efficient answer for Mass Milk Air Conditioning and Cold Room uses was launched. "The Optyma Load Shrinking Unit is an activity changer for India's milk business and also cool room apps. Its distinct concept and also reliable performance are going to significantly aid in meeting our client's expense and also durability objectives," Danfoss India Area Scalp of Temperature Solutions - Purchases, Madhur Sehgal mentioned. The innovative innovation makes certain superior milk temperature levels along with reduced energy intake, which lowers the carbon footprint, taking care of critical dairy processing obstacles and also supporting India's sustainable food manufacturing targets, the claim included.
Posted On Aug 11, 2024 at 12:27 PM IST.




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