Exhibition sectors

Water

With a rise in health awareness and the easy availability of bottled water, the per capita consumption of bottled water in India is on the increase. Growth of sales of bottled water is being driven by rising incomes.

• The market is expected to reach INR ~403.06 Bn by the end of 2023, from its current value of INR ~160 Bn, expanding at a compound annual growth rate (CAGR) of ~20.75 percent from 2018.
• The market is likely to reach ~35.53 Bn liters by 2023, expanding at a CAGR of ~18.25 percent from 2018 to 2023.
• Packaged water segment is expected to have a market size of Rs 21,500 crore

Source: www.indiawaterreview.in, www.businesswire.com

Beer and brewing equipment

Beer is globally the third most popular drink after water and tea. The beer industry is on the rise according to the craft beer hype. Craft beer has boosted the business of micro-breweries in India.

• India Beer Market is projected to grow at a CAGR over 7.6 percent during 2018–2024
• Decade-old Indian craft beer industry is at a nascent stage with a market share of 2–3 percent of India’s beer market ($7 billion) against 12 percent in the US
• Sales of craft beers to grow at 20 percent y-o-y, which is higher than 5–7 percent y-o-y growth in the beer market.
• India is among the top five beer markets in Asia Pacific in terms of volume.
• The beer industry in India has more than 85 large breweries.
• The sales of craft beer is witnessing a growth of 20 percent year-on-year.

Source: www.businesswire.com, www.cnbctv18.com

Milk, liquid milk products

India has been the leading producer and consumer of dairy products worldwide since 1998 with a sustained growth in the availability of milk and milk products.

• Milk has highest value in Indian agriculture and food sector, more than combined value of wheat and rice.
• As every 100,000 litres of milk production creates 6,000 new jobs, the sector will see 10 million new jobs by 2025.
• Uttar Pradesh, Rajasthan, and Gujarat have been the major milk producing states in India.
• Milk contributes close to the 1/3rd of gross income of rural households.
• The dairy sector comprises majority of share of India’s gross domestic product.
• During the period FY 2016 to FY 2020, the market size of butter is expected to grow by 14.5 percent, curd by 14.4 percent, paneer by 14.1 percent, and ghee by 14.1 percent, among others.

Source: www.business-standard.com, www.marketwatch.com

Oils and fats

• The India edible oil market to witness a CAGR of 8.75 percent by revenue and 9.88 percent by volume during the forecast years of 2019–2025.
• India is the largest importer of palm oil in the world.
• The government has raised import tax on crude palm oil to 44 percent from 37.5 percent in an attempt to boost local oilseed production.
• The oleochemicals market in India is forecast to surpass US$ 2.6 billion by 2025.

Source: www.telegraphindia.com, www.techsciresearch.com, www.marketwatch.com, www.reuters.com