The consumption of bottled water in India has shown a jump of 21 per cent in last fiscal but still India is far behind as compared to global average, according to a research recently conducted by leading marketing consulting firm IKON.
The per capita consumption of bottled water in India was at 16.20 litres during 2010-11 and jumped by almost 21%to 19.60 litres in 2011-12, IKON said in its report "The Indian bottled water market unveiling its thirst".
"Increasing scarcity of safe drinking water, changing lifestyles and aggressive expansion by market players may lead this industry to be the next oil industry in coming decade" says Azaz Motiwala, founder & principal consultant of IKON.
According to a research by Ikon Marketing Consultants, bottled water market in India is growing at 19 per cent annually. In terms of volume, the demand was estimated at around 532 million cases of small packs.
The overall packaged bottled water in India is estimated to touch the Rs 10,000 crore mark in the 2012-13 fiscal, growing at a compound annual growth rate (CAGR) of 19%, says a new report by Ikon Marketing Consultants. Presently, this market is estimated at Rs 8,000 crore, and could touch Rs 15,000 crore by 2015, the report adds..
"The Indian auto component industry may cross USD 100 billion mark by 2020 by growing at a 15% CAGR (Compound Annual Growth Rate)," Azaz Motiwala, a principal consultant with the city-based Ikon Marketing Consultants told PTI quoting from a national survey conducted by the firm.
According to a study, India will emerge as a leading global player in pharmaceutical industry by 2020, securing a place among the top five major global markets. City-based IKON Marketing Consultants, one of the leading marketing consulting firms in the country, has come out with a study on the pharma sector in India.
Azaz Motiwala, marketing expert and CMD of IKON Marketing Consultants, a marketing consulting firm, puts the vending ice tea market merely around Rs 32 crore. But he feels that if significant growth of energy drinks market in India in last couple of years is any indication, there is a great potential for the ice tea market in the near future. “We should not be surprised if retail chains of hot and ice tea come up like Cafe Coffee Day and Barista in the coming days,” said Motiwala
The Indian consumer is becoming more health conscious in consuming bottled water, according to IKON's latest Pan India research on Natural Mineral water market, Azaz Motiwala, Principal Consultant, IKON Marketing Consultants said in a statement here today.
Agrees Azaz Motiwala, founder & CMD, IKON Marketing Consultants, a research firm based out of Rajkot: “Indian real estate industry may see some down turn in 2011. It may start from 1st quarter of 2011 and last up to 3rd quarter of 2012. However it will be not too intense as it was during recession period. It is expected that price may slash by 10-15% during this phase of correction but under certain situation it may last up to end of 2013 with price correction of 30% specifically in Tier-I cities.”