Columns

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

.Agent ImageThe domestic food market is actually anticipated to develop by over 47 per-cent to get to USD 1,274 billion by 2027, a file discharged due to the Brotherhood of Indian Market as well as supported through Danfoss India stated. India's food items processing field observes ingenious startups emerging along with sophisticated technology, the report entitled 'Meals Handling Industry in India - Prospective for Southern States. and released by CII, CII SKIN (Association of Indian Business-- Food and also Agriculture Facility of Quality) and Danfoss India, mentioned. Danfoss India is a leader in heating, venting and also air-conditioning as well as is the subsidiary of Denmark-headquartered engineering major Danfoss. Several of the key highlights of the record, which was launched at the CII-FoodPro 2024 consist of the ability that southerly conditions carry for meals processing industry. "Tamil Nadu leads India's export of handling fruit products, extracts and also almonds, with a thirty three per-cent share through amount as well as 27 percent through market value, exporting 2,08,370 statistics tonnes worth USD 220.81 million in 2023-24," the file pointed out. The meals processing business in India sees impressive startups arising along with innovative modern technology, the record claimed. The study lugs insights on developing trends, innovations and export opportunities allowing businesses to make informed choices and use the market's possible South India's food processing sector performs the peak of a transformation, with impressive segments like millets, ready-to-eat and also plant-based dairy products choices uncovering a treasure trove of economic options for planters. The freshly introduced report discloses, modern technology keeps the vital to supercharging this growth, guaranteeing the highest specifications of security as well as high quality and moving India's exports onto the worldwide stage," CII National Council for Cold Establishment and Agri Logistics Leader Ravichandran Purushothaman mentioned. "At Danfoss India, our company are actually excited to be a part of this transformative adventure, steering sustainable meals handling solutions that will certainly shape the future of Indian agriculture and food industry," he stated in a claim on Saturday. Throughout the event, Danfoss Optyma Pack Condensing Unit, a reliable and also energy-efficient remedy for Mass Dairy Air Conditioning and also Cold Space uses was actually launched. "The Optyma Load Reducing Unit is an activity changer for India's milk market and also cool area apps. Its own special design as well as reliable performance will considerably help in fulfilling our consumer's price as well as durability goals," Danfoss India Region Head of Weather Solutions - Purchases, Madhur Sehgal stated. The innovative technology guarantees ideal milk temperature levels along with minimised energy usage, which brings down the carbon impact, taking care of important dairy products handling obstacles as well as assisting India's sustainable food manufacturing objectives, the declaration incorporated.
Released On Aug 11, 2024 at 12:27 PM IST.




Join the neighborhood of 2M+ sector specialists.Register for our email list to obtain latest insights &amp study.


Download And Install ETRetail App.Obtain Realtime updates.Save your much-loved write-ups.


Check to download Application.