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Domestic grocery store anticipated to grow through over 47% to touch USD 1,274 bn: Report, ET Retail

.Rep ImageThe residential food market is actually anticipated to increase by over 47 per cent to connect with USD 1,274 billion by 2027, a report discharged due to the Confederation of Indian Sector and sustained through Danfoss India mentioned. India's food items processing industry observes ingenious start-ups surfacing along with cutting-edge modern technology, the report labelled 'Food Processing Market in India - Potential for Southern States. and also released through CII, CII SKIN (Order of Indian Field-- Food Items and also Agriculture Facility of Quality) and also Danfoss India, claimed. Danfoss India is actually a leader in heating system, air flow and air-conditioning and also is actually the subsidiary of Denmark-headquartered engineering primary Danfoss. Several of the crucial highlights of the file, which was actually released at the CII-FoodPro 2024 include the potential that southern conditions accommodate for food items handling market. "Tamil Nadu leads India's export of handling fruit products, extracts and also almonds, with a 33 per cent allotment by quantity and 27 per-cent through value, exporting 2,08,370 measurement tonnes worth USD 220.81 million in 2023-24," the file stated. The meals processing field in India finds cutting-edge start-ups arising with groundbreaking modern technology, the file said. The research study brings insights on developing trends, modern technologies and also export chances enabling services to bring in informed selections and use the sector's prospective South India's meals handling market performs the cusp of a transformation, with ingenious portions like millets, ready-to-eat and plant-based milk options opening a treasure trove of financial opportunities for farmers. The newly launched report shows, modern technology keeps the essential to supercharging this development, making certain the best standards of safety and security as well as quality as well as thrusting India's exports onto the worldwide stage," CII National Authorities for Cold Weather Establishment and Agri Coordination Leader Ravichandran Purushothaman claimed. "At Danfoss India, we are actually delighted to become a component of this transformative journey, driving maintainable meals handling options that are going to form the future of Indian farming and also food market," he pointed out in a statement on Sunday. Throughout the celebration, Danfoss Optyma Load Condensing Unit, a reputable and also energy-efficient option for Bulk Dairy Cooling and Cold Room applications was actually launched. "The Optyma Pack Condensing System is a video game changer for India's milk market as well as cool area applications. Its own unique concept and also dependable efficiency are going to dramatically aid in satisfying our customer's expense and durability goals," Danfoss India Area Head of Climate Solutions - Sales, Madhur Sehgal pointed out. The innovative modern technology makes sure ideal milk temperature levels with decreased energy intake, which reduces the carbon footprint, dealing with vital milk handling problems as well as assisting India's sustainable food development objectives, the claim added.
Posted On Aug 11, 2024 at 12:27 PM IST.




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