The residue testing market, in terms of value, is projected to reach USD 4.41 Billion by 2021, at a CAGR of 6.4% from 2016. Increase in outbreaks of chemical contamination in food processing industries, growth in allergic reactions among consumers, and implementation of stringent food safety regulations are some of the factors driving this market.

The dairy alternatives market is projected to grow from USD 17.3 billion in 2018 to USD 29.6 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 11.4% during the forecast period. This is attributed to the nutritional benefits offered by plant-based dairy alternatives. They offer various nutritional benefits such as reduced cholesterol level, improved cardiovascular health, and diabetes control. These benefits have led to an increase in their consumption. Thus, these alternatives are catering to the demand for various dairy alternative products among global consumers.

The cold chain market is estimated to account for revenue of 189.92 Billion in 2018, and is projected to grow at a CAGR of 7.6% to reach a value of USD 293.27 Billion by 2023. The rise in consumer demand for perishable foods, growth of international trade due to trade liberalization, and expansion of food retail chains by multinationals are the factors driving the market. Government support for infrastructural development fuels the demand in the cold chain industry.

Membrane Filtration Market by Type (RO, UF, MF, NF), Application (Water, Dairy, Drinks & Concentrates, Wine & Beer), Module Design (Spiral, Tubular, Plate & Frame), Membrane Material (Polymeric & Ceramic), and Region - Global Forecast to 2025