LONDON--(BUSINESS WIRE)--Technavio market research analysts forecast the global packaged cactus water market to grow at a CAGR of close to 26% during 2018-2022. The rising demand for organic cactus water is a key trend, which is expected to impact the growth of the market.
Organic food and beverages are becoming increasingly popular due to their health benefits. On an average, consumers in North America and Europe are willing to pay 15%-20% extra for organic products. Thus, the growing demand for organic cactus water will benefit the global packaged cactus water market over the forecast period.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
In this report, Technavio researchers identify the increasing inclination towards naturally healthy beverages as one of the key factors contributing to the global packaged cactus water market:
Increasing inclination towards naturally healthy beverages
The modern day, fast-paced lifestyles are compelling consumers to take up natural and healthy alternatives to processed foods and beverages. Consumers are shifting from carbonated and sugar-loaded other beverages to natural and healthy beverages. Currently, the plant-based water products are among the fastest-growing segments of the health and wellness beverages market.
According to a senior analyst at Technavio for non-alcoholic beverages research, “The adoption of cactus water is quite high when compared to other plant-based water products. This is because consumers in Western countries are taking up functional drinks that are healthy and have a low-calorie count.”
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Global packaged cactus water market - segmentation and analysis
This market research report segments the global packaged cactus water market by product (packaged plain cactus water and packaged mixed cactus water) and key regions (Americas, APAC, and EMEA).
The packaged mixed cactus water segment accounted for close to 62% of the market in 2017. This segment is expected to witness a 9% increase in its market share over the forecast period, while the packaged plain water segment will see a corresponding decrease in its market share.
In 2017, the Americas dominated the global packaged cactus water market with a revenue share of more than 67%, followed by EMEA and APAC. EMEA is expected to witness the maximum growth over the forecast period.
Save big with Technavio this May!
Find out what companies are venturing in to beat the heat this summer! Technavio indulges you with a massive 20% OFF on all
non-alcoholic beverages reports for the entire month.
Technavio honors the achievements and efforts of Motherhood this Mother's Day by offering a whopping 30% OFF on all cosmetics and toiletry reports. Offer valid from 7th May for a limited period.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at firstname.lastname@example.org.