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Microfiltration Membrane Market Worth $7,517.38 Million by 2030: P&S Intelligence
NEW YORK, Jan. 11, 2021 /PRNewswire/ Around the world, concerns regarding the consumption of contaminated food and beverages are leading to the implementation of stringent quality control regulations. As a result, the global microfiltration membrane market size is predicted to increase to $7,517.38 million in 2030 from $2,885.57 million in 2019, at a 9.0% CAGR between 2020 and 2030, according to the market research report published by P&S Intelligence. Such filtration products are used to remove contaminants from food products, especially beverages.
Additionally, the microfiltration membrane market is also being propelled by the growth of the food and beverage industry itself. As per the New Zealand Institute for Plant and Food Research Limited, the sale of food products will be worth $20 trillion by 2030. The increasing production of such goods and rising number of associated manufacturing plants w