LONDON -- Three key attributes could significantly bump up aloe vera-based drinks in the beverage industry in coming years, according to a new study.
Research firm Technavio said aloe vera drinks will grow at nearly double digits over the next four years, with the Americas showing the fastest growth.
"[The] global aloe vera-based drinks market is expected to grow at a CAGR (compound annual growth rate) of close to 10% during the period 2016-2020," the report said.
The aloe vera-based drinks market is driven by the increase in demand for healthy food and beverages, according to the report.
“The Americas will have the highest growth with a CAGR of more than 11%," the report said.
Click through for key reasons for this growth …