SAN FRANCISCO, Oct. 14, 2020
SAN FRANCISCO, Oct. 14, 2020 /PRNewswire/ -- The global packaged cactus water market size is expected to reach USD 73.7 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 20.4% from 2020 to 2027. The rising popularity of the product among the athletes and fitness enthusiasts as a functional drink is expected to drive the market in the upcoming years. These beverages are manufactured with prickly pear fruit or dragon fruits, which contain several beneficial nutrients, such as amino acid (taurine), electrolytes, betalains, magnesium, and potassium.
Key suggestions from the report:
Read 80 page research report with ToC on "Packaged Cactus Water Market Size, Share & Trends Analysis Report By Product (Plain, Flavored), By Distribution Channel (Offline, Online), By Region (North America, Europe, APAC, Central & South America, MEA), And Segment Forecasts, 2020 - 2027'' at: https://www.grandviewresearch.com/industry-analysis/packaged-cactus-water-market
These nutrients help boost athletic performance, repair muscle tissues, hydrate the body, reduce inflammation, improve skin, manage fluid balance, enhance heart function, boost immunity, improve bone health, and prevent diabetes. Therefore, the product has been gaining traction among fitness enthusiasts, athletes, and health-conscious consumers. Furthermore, the hydrating property of the product helps to reduce the risk of a hangover caused by alcohol consumption. This benefit has widened the application of the product. In the recent few years, the product has been used in cocktails due to its hangover reducing function and sweet taste.
The flavored product segment accounted for the largest share of more than 60.0% in 2019. The natural berry-like taste of the drink makes it ideal for blending with other fruits. Some of the popular flavors in the industry are lime, watermelon, strawberry, mango, pineapple, papaya, cucumber, pear, peach, and star fruit.
North America dominated the market with over 50.0% share of total revenue in 2019. The easy availability of the products in the region due to the existence of major firms in the U.S. has fueled product sales. Several retail chains in the region, including Kroger; Whole Foods Market; AJ's Fine Foods; Tesco PLC; Sprouts Farmers Market, Inc.; and a Safeway Inc., offer the product across the region.
Grand View Research has segmented the global packaged cactus water market on the basis of product, distribution channel, and region:
List of Key Players of Packaged Cactus Water Market
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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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