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Date: 21/01/2025

Food market seen at $1,274 bn by 2027

India’s food sector is predicted to expand by more than 47% and reach $1,274 billion by 2027, according to a survey published by the Confederation of Indian Industry, backed by Danfoss India and presented at CII-FoodPro 2024. The report titled ‘Food Processing Sector in India – Potential for Southern States’ sees creative start-ups with cutting-edge technology emerging in India’s food processing industry. The report highlighted that Tamil Nadu leads India’s export of processed fruits, juices and nuts, with a 33% share by quantity and 27% by value, exporting 2,08,370 metric tonnes worth USD 220.81 million in 2023-24. The food processing industry in India sees innovative start-ups emerging with cutting-edge technology. The study carries insights on emerging trends, technologies and export opportunities, enabling businesses to make informed decisions and tap into the sector’s potential, as per a report.
 
Source: Exim News Service: New Delhi, Jan. 20



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