The new report by Expert Market Research titled, ‘Global Cactus Water Market Size, Report and Forecast 2023-2028’, gives an in-depth analysis of the global cactus water market, assessing the market based on its segments like types, nature, packaging, distribution channels, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Cactus Water Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 19.3%
Cactus water is anti-inflammatory and the magnesium and potassium in the drink helps manage fluid balance and facilitates muscle control. The increasing demand for healthy beverages is therefore driving the cactus water market. Changing shift from high-calory soft drinks towards plant-based low-calorie drinks is also likely to invigorate the market in the forecast period.
Moreover, the increasing demand for cactus water among athletes and track runners, in order to boost the bone-health and repair muscle tissues, is anticipated to augment the market growth. In addition, the athletes will further promote the drink thereby resulting in augmented market strategy of the key market players. Geographically, the Asia Pacific region accounts for a significant share in the market owing to the presence of large population base in the region, coupled with the thriving beverage industry in India, China, and Japan, among others.
Cactus Water Industry Definition and Major Segments
Cactus water is a plant-based beverage which is obtained from the fruit of prickly pear cactus. This beverage contains tiny amount of sugar content, along with nutrients including carbs, magnesium, and potassium, among others. In addition to this, cactus water also contains antioxidants and helps with inflammation and stomach ulcers. The taste of cactus water is slightly berry, which comforts the taste buds.
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On the basis of type, the market can be segmented into:
• Pure Cactus Water
• Mixed Cactus Water
Based on nature, the market is bifurcated into:
• Organic
• Conventional
On the basis of packaging, the market has been segmented into:
• Cartons
• Cans
• Bottles
The significant distribution channels included in the market are as follows:
• Supermarkets/ Hypermarkets
• Convenience Stores
• Online Retail
The regional markets for cactus water include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Cactus Water Market Trends
The key trends in the global cactus water market include the rapid development of supermarkets/hypermarkets, and convenience stores where innovative flavoured cactus water is available. These innovative flavours include lime, papaya, and watermelon, among others.
Meanwhile, the emerging e-commerce industry is anticipated to be another major trend in the market which is likely to propel the sales of the product in the forecast period. Furthermore, the increasing popularity of packaged cactus water among the working-class population in order to satisfy their nutritional requirements will further provide impetus to the market in the forecast period.
Key Market Players
The major players in the Global Cactus Water Market are :
- True Nopal Ventures LLC
- Pricklee LLC
- The Cactus Water Co. LLC
- CALIWATER, LLC
- Lauro Company
- EVISSI USA LLC
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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