Membrane Technology for Food and Beverage Processing: Global Markets
The global market for membranes for food and beverage processing was worth more than $4.0 billion in 2014. The market was expected to reach $4.2 billion in 2015 and $5.8 billion by 2020, increasing at a compound annual growth rate (CAGR) of 6.7% from 2015 through 2020.
Microfiltration as a segment of this market is expected to grow from nearly $1.6 billion in 2015 to $2.2 billion in 2020 at a CAGR of 6.9% for the period 2015-2020.
Reverse osmosis as a segment of this market will grow from $903.9 million in 2015 to nearly $1.3 billion at a CAGR of 6.8% for the period 2015-2020.
