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Domestic grocery store expected to develop by over 47% to touch USD 1,274 bn: Document, ET Retail

.Rep ImageThe domestic food market is assumed to increase through over 47 per cent to reach USD 1,274 billion by 2027, a report launched due to the Order of Indian Market and also assisted through Danfoss India claimed. India's meals handling sector finds cutting-edge startups arising with cutting-edge technology, the report labelled 'Meals Handling Market in India - Potential for Southern States. as well as discharged by CII, CII SKIN (Order of Indian Industry-- Food Items and also Horticulture Center of Quality) and Danfoss India, said. Danfoss India is an innovator in home heating, venting and air-conditioning as well as is the subsidiary of Denmark-headquartered design primary Danfoss. Some of the key highlights of the record, which was launched at the CII-FoodPro 2024 consist of the possibility that southern states accommodate for meals processing sector. "Tamil Nadu leads India's export of handling fruits, extracts and also nuts, along with a 33 per-cent portion through volume as well as 27 percent through worth, shipping 2,08,370 metric tonnes worth USD 220.81 million in 2023-24," the record pointed out. The meals processing industry in India views impressive startups developing along with advanced modern technology, the file stated. The research brings understandings on emerging styles, technologies and also export opportunities allowing organizations to make educated decisions as well as use the market's possible South India's meals handling field performs the peak of a change, with cutting-edge segments like millets, ready-to-eat as well as plant-based dairy products options unlocking a gold mine of economical possibilities for farmers. The recently released report shows, technology stores the key to supercharging this growth, guaranteeing the greatest specifications of safety and security and also quality as well as thrusting India's exports onto the international stage," CII National Authorities for Cold Weather Chain and also Agri Strategies Leader Ravichandran Purushothaman said. "At Danfoss India, our experts are excited to be a part of this transformative journey, driving lasting meals handling options that will mold the future of Indian horticulture and also meals market," he stated in a statement on Saturday. During the course of the celebration, Danfoss Optyma Pack Reducing Unit, a reliable and also energy-efficient remedy for Mass Dairy Cooling and Cold Space uses was introduced. "The Optyma Load Condensing Unit is actually an activity changer for India's milk industry as well as chilly space applications. Its own one-of-a-kind design and dependable efficiency are going to considerably assist in meeting our consumer's expense and sustainability objectives," Danfoss India Area Scalp of Climate Solutions - Purchases, Madhur Sehgal pointed out. The ingenious technology makes sure optimal dairy temps with decreased electricity intake, which brings down the carbon footprint, dealing with important dairy products processing problems as well as sustaining India's lasting food items creation goals, the statement added.
Released On Aug 11, 2024 at 12:27 PM IST.




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