The Water and Wastewater Treatment For Food And Beverage Industry Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Water and Wastewater Treatment For Food And Beverage Industry Global Market Report 2024, The water and wastewater treatment for food and beverage industry market size has grown strongly in recent years. It will grow from $39.97 billion in 2023 to $43.2 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to stringent environmental regulations, focus on corporate social responsibility (csr), rise in water scarcity concerns, consumer demand for sustainable products, risk mitigation for reputation management..
The water and wastewater treatment for food and beverage industry market size is expected to see strong growth in the next few years. It will grow to $57.05 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to global initiatives for water conservation, climate change adaptation strategies, integration of circular economy principles, supply chain sustainability requirements, public awareness and brand image.. Major trends in the forecast period include implementation of smart water technologies, collaboration with technology providers, shift towards decentralized treatment systems, growing concerns about water quality and safety, circular economy approaches..
High water consumption in the food and beverage industry significantly contributes to the growth of water and wastewater treatment for the food and beverage industry market going forward. Water consumption refers to the amount of water extracted and not returned to the original water source. Food and beverage companies employ water treatment and wastewater treatment to meet the stringent standards for water quality and to treat used water released out of the facility to meet environmental regulations. For instance, according to a March 2021 article published by the People for the Ethical Treatment of Animals (PETA), a US-based animal rights non-profit organization, around 1,790 litters of water are needed to produce one kilogram of wheat and the consumption of one kilogram of beef requires five times the amount of water. Further, around 20 billion litters of water, or 8.5 times as much as what humans globally drink, are used by cattle raised for food. Therefore, the high water consumption in the food & beverages industry will drive the water and wastewater treatment market.
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The water and wastewater treatment for food and beverage industry market covered in this report is segmented –
1) By Type: Water Treatment, Wastewater Treatment
2) By Offering: Treatment Technologies, Treatment Chemicals, Process Control and Automation, Design, Engineering, and Construction Services, Operation and Maintenance Services
3) By Cluster: Dairy, Cheese, Ice Cream, Non-alcoholic Beverages, Prepared Food, Powdered Food, Alcoholic Beverages, Meat, Poultry, and Seafood, Fruits and Vegetables, Other Clusters
Technological advancement is the key trend gaining popularity in water and wastewater treatment for the food and beverages industry market. Major companies operating in the water and wastewater treatment for the food & beverages industry market are focusing on integrating new technologies in the water treatment and wastewater treatment solutions to suit the food and beverages applications better. For instance, in April 2023, AquiSense, a US-based water treatment and disinfection solutions provider, launched PearlAqua Deca 30C, a water disinfection system. PearlAqua Deca 30C can be used in both big and small point-of-use applications. The solution is appropriate for commercial and industrial water purification, food and beverage processing, home use, and soda machines, among other applications. The PearlAqua Deca 30C uses UV-C LED technology to achieve 99.99% pathogen elimination at four gpm (15 lpm). It features automatic on-and-off switching or external triggering, programmable alarm outputs, and dynamic power regulation.
The water and wastewater treatment for food and beverage industry market report table of contents includes:
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