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Domestic food market expected to grow through over 47% to touch USD 1,274 bn: Report, ET Retail

.Representative ImageThe residential grocery store is expected to develop through over 47 per cent to reach USD 1,274 billion through 2027, a report launched due to the Alliance of Indian Field and sustained through Danfoss India said. India's food handling sector sees ingenious start-ups arising along with advanced modern technology, the report labelled 'Meals Processing Industry in India - Potential for Southern States. and also launched by CII, CII SKIN (Association of Indian Field-- Food as well as Agriculture Center of Quality) as well as Danfoss India, pointed out. Danfoss India is a leader in heating, ventilation and also air-conditioning and is the subsidiary of Denmark-headquartered design significant Danfoss. Some of the essential highlights of the record, which was actually launched at the CII-FoodPro 2024 include the ability that southerly states hold for food processing business. "Tamil Nadu leads India's export of processing fruit products, extracts as well as nuts, with a thirty three percent allotment by volume as well as 27 percent by worth, shipping 2,08,370 metric tonnes worth USD 220.81 thousand in 2023-24," the report claimed. The food processing field in India sees innovative startups developing along with innovative modern technology, the document said. The study brings ideas on emerging trends, technologies and also export possibilities making it possible for services to create knowledgeable choices and also take advantage of the market's possible South India's food items handling sector performs the peak of a transformation, along with impressive sections like millets, ready-to-eat and plant-based dairy products alternatives uncovering a treasure of economic options for farmers. The newly launched record exposes, technology stores the vital to supercharging this growth, making sure the greatest requirements of protection and quality as well as thrusting India's exports onto the worldwide stage," CII National Authorities for Cold Weather Establishment and Agri Strategies Chairman Ravichandran Purushothaman pointed out. "At Danfoss India, our experts are actually delighted to be an aspect of this transformative quest, steering lasting food items processing solutions that will form the future of Indian farming and also food items industry," he pointed out in a claim on Saturday. During the course of the celebration, Danfoss Optyma Stuff Reducing Device, a reliable and energy-efficient service for Majority Milk Air Conditioning and Cold weather Room applications was actually introduced. "The Optyma Load Shrinking System is an activity changer for India's dairy sector and chilly area functions. Its own distinct style and reputable functionality are going to substantially assist in fulfilling our customer's cost and sustainability goals," Danfoss India Area Head of Temperature Solutions - Sales, Madhur Sehgal said. The impressive innovation ensures optimum milk temperatures along with reduced energy consumption, which reduces the carbon footprint, dealing with vital dairy handling challenges and sustaining India's maintainable meals manufacturing objectives, the statement added.
Published On Aug 11, 2024 at 12:27 PM IST.




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