The combined growth of the dairy and beverage sectors in India drives its Water and Wastewater Treatment (WWWT) market, as many manufacturers are increasingly adopting best practices in a bid to expand their businesses and compete in the global arena. They voluntarily opt for superior water treatment technologies to meet global process standards, boosting the potential of the WWWT market.
Mumbai/India – According to new analysis from Frost & Sullivan, ‘Analysis of the Water and Wastewater Treatment Market in the Dairy and Beverage Sectors in India,’ the market has earned revenues of over INR 2.78 billion (US $ 50.63 million) in 2011 and estimates this to reach INR 5.38 billion (US $ 97.98 million) by 2016.
“The carbonated soft drinks market is expected to witness a compound annual growth rate (CAGR) of about 10 percent during the forecast period, and the fresh juices and health drinks markets are likely to advance at a CAGR of nearly 25 per cent,” said Frost & Sullivan’s Research Analyst. “This double digit growth of the Indian beverage sector enhances the prospects of the WWWT market in the country,” analyst added further.