According to FNB News, India's packaged non-alcoholic beverages market is forecasted to grow at a compounded annual growth rate (CAGR) of 16.2% during the period of 2016 through 2024. The market is expected to reach $20.4 billion by the end of 2024. Growth is expected in the tea and juices sectors, as India is the world's largest consumer of tea, with about 30% of the total global output. The CAGR of India's juices market is more than 18%. Industrial Info is tracking 96 plants and 194 projects worth $1.38 billion in India's Beverage sector.
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