Market Size of Africa Water Enhancer Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.22 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Africa Water Enhancer Market Analysis
The Africa water enhancer market is forecasted to witness a CAGR of 6.22% during the forecast period (2020 - 2025). The market for water enhancers in Africais ecpected to increase at a rapid pace as consumers are paying more attention to staying healthy. Consumers have been looking for convenient products to keep themselves hydrated and stay healthy in their regular chore life. The African people are increasingly opting for mini-bottles of water drops, concentrated flavor enhancers that instantly transform plain water into a value-added drink, as these drops are claimed to contain health-based ingredients. Therefore, the shift in consumer preference for nutrient enabled functional drinks from Carbonated Soft Drinks (CSD) increases the potential demand for water enhancers in the African region.