India's Food Processing Sector Set for Massive Growth by 2027

The Indian domestic food market is anticipated to grow by over 47% to reach USD 1,274 billion by 2027, according to a report by the Confederation of Indian Industry and Danfoss India. The report highlights the potential in Southern states and the role of innovative startups and technology in driving this growth.

The domestic food market in India is projected to expand by over 47%, reaching USD 1,274 billion by 2027, as detailed in a report from the Confederation of Indian Industry, supported by Danfoss India. The study emphasizes the burgeoning opportunities within Southern states, especially with innovative startups leveraging cutting-edge technology to spearhead growth.

Key highlights include Tamil Nadu's leading role in exporting processed fruits, juices, and nuts, valued at USD 220.81 million in 2023-24. The report underlines the transformative potential of technology in ensuring quality, safety, and enhancing export opportunities, with new segments like millets and plant-based dairy alternatives driving economic benefits for farmers.

Highlighting the critical advancements, Danfoss India introduced the Optyma Pack Condensing Unit, an energy-efficient solution for the dairy industry, poised to optimize milk temperatures and reduce carbon footprints, thereby supporting India's sustainable food production goals.

(With inputs from agencies.)