Columns

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

.Agent ImageThe residential grocery store is anticipated to develop by over 47 percent to reach USD 1,274 billion through 2027, a record released by the Alliance of Indian Business and also sustained by Danfoss India claimed. India's food handling market views ingenious start-ups surfacing with sophisticated modern technology, the file titled 'Food Processing Industry in India - Potential for Southern States. and discharged by CII, CII FACE (Fraternity of Indian Sector-- Food Items and also Farming Centre of Excellence) and Danfoss India, stated. Danfoss India is a leader in heating system, ventilation and air-conditioning as well as is actually the subsidiary of Denmark-headquartered engineering primary Danfoss. Some of the key highlights of the record, which was released at the CII-FoodPro 2024 consist of the capacity that southern conditions carry for food items processing industry. "Tamil Nadu leads India's export of handling fruit products, juices as well as almonds, along with a 33 per-cent share through amount and also 27 per cent by value, transporting 2,08,370 measurement tonnes worth USD 220.81 thousand in 2023-24," the report pointed out. The food processing industry in India observes innovative start-ups emerging along with groundbreaking technology, the report pointed out. The research study holds understandings on developing patterns, innovations and also export possibilities allowing organizations to create educated selections and use the market's possible South India's food handling market gets on the cusp of a change, with ingenious sectors like millets, ready-to-eat and plant-based dairy products choices uncovering a bonanza of economical opportunities for farmers. The freshly launched document reveals, technology stores the crucial to supercharging this growth, ensuring the highest requirements of safety and security as well as top quality and also propelling India's exports onto the international stage," CII National Council for Cold Chain and Agri Coordination Leader Ravichandran Purushothaman stated. "At Danfoss India, our team are excited to become a part of this transformative experience, steering maintainable food handling solutions that will definitely form the future of Indian farming as well as meals sector," he mentioned in a statement on Saturday. In the course of the activity, Danfoss Optyma Pack Condensing Unit, a trustworthy and also energy-efficient option for Mass Dairy Air Conditioning and Cold weather Space uses was actually introduced. "The Optyma Stuff Reducing Unit is actually a video game changer for India's dairy sector as well as chilly room apps. Its distinct layout and reputable performance will considerably assist in satisfying our client's cost and also durability targets," Danfoss India Region Head of Weather Solutions - Sales, Madhur Sehgal mentioned. The cutting-edge innovation makes certain superior dairy temps along with decreased power usage, which lowers the carbon dioxide footprint, taking care of essential milk handling challenges and supporting India's maintainable food items development targets, the statement added.
Published On Aug 11, 2024 at 12:27 PM IST.




Sign up with the community of 2M+ business professionals.Subscribe to our email list to get most recent understandings &amp evaluation.


Download And Install ETRetail App.Obtain Realtime updates.Save your preferred posts.


Browse to download and install Application.