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

.Representative ImageThe residential food market is assumed to grow by over 47 per cent to reach USD 1,274 billion by 2027, a document launched due to the Fraternity of Indian Field as well as assisted by Danfoss India said. India's meals processing market views impressive startups emerging along with innovative modern technology, the report titled 'Meals Handling Field in India - Potential for Southern States. and discharged by CII, CII FACE (Fraternity of Indian Sector-- Meals as well as Agriculture Centre of Excellence) and Danfoss India, said. Danfoss India is an innovator in heating, air flow and air-conditioning and also is the subsidiary of Denmark-headquartered design major Danfoss. A few of the crucial highlights of the record, which was actually launched at the CII-FoodPro 2024 include the ability that southern states carry for meals processing sector. "Tamil Nadu leads India's export of processing fruit products, extracts and almonds, along with a 33 per cent reveal through volume as well as 27 per-cent through worth, shipping 2,08,370 measurement tonnes worth USD 220.81 thousand in 2023-24," the record stated. The meals processing industry in India observes ingenious start-ups arising along with sophisticated innovation, the report said. The research study brings insights on surfacing fads, modern technologies and also export chances enabling organizations to create enlightened decisions and tap into the field's potential South India's meals processing field is on the peak of a change, along with innovative sectors like millets, ready-to-eat and plant-based dairy products substitutes opening a treasure trove of economical chances for farmers. The freshly introduced file uncovers, innovation stores the essential to supercharging this development, making certain the highest possible requirements of safety and quality as well as moving India's exports onto the global stage," CII National Council for Cold Establishment as well as Agri Logistics Leader Ravichandran Purushothaman said. "At Danfoss India, our company are delighted to be a component of this transformative quest, driving maintainable meals processing options that are going to shape the future of Indian farming and also food industry," he mentioned in a claim on Saturday. In the course of the celebration, Danfoss Optyma Stuff Reducing System, a reliable as well as energy-efficient service for Majority Milk Air Conditioning and also Cold Space uses was launched. "The Optyma Stuff Condensing Device is actually a game changer for India's milk business as well as cool area applications. Its one-of-a-kind style and also reliable efficiency will substantially help in fulfilling our consumer's price as well as durability objectives," Danfoss India Location Head of Environment Solutions - Sales, Madhur Sehgal stated. The impressive technology makes sure optimal milk temps with minimised electricity consumption, which brings down the carbon impact, addressing critical milk handling problems as well as assisting India's maintainable meals production goals, the claim incorporated.
Posted On Aug 11, 2024 at 12:27 PM IST.




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