The report of Flavored and Functional Water Market by Product Type (Flavored and Functional water), by Distribution Medium (Sports Drink, Nutraceutical Drink, Energy Drink, Ready To Drink, And Others), by Packaging (PET bottle, Glass Bottled Cans, Pouches And Others), and Region (North America, Asia Pacific, Europe, South America, and Middle East & Africa) is expected to reach US$ xx Mn by 2027, at a CAGR ofxx% during the forecast period.
Growing obesity occurrence and increasing understanding of better lifestyles in urban populations are expected to remain key drivers for the growth of the global demand for flavored and functional water. When customers’ health problems prohibit them from drinking artificially flavored beverages and carbonated drinks, the popularity of flavored water is rising. Due to its health benefits and reduced swapping costs, functional water is very pleasing, since the price nearly matches that of flavored water.
The accessibility of a variety of flavors and practical water would also fuel the growth of the market, as customers naturally tend to try and follow the best of new tastes. While flavored and functional water is a bit expensive, rising levels of income now allow individuals, mainly in developed countries, to drink quality goods like this water. This is expected to be a significant factor that will have a positive influence on growth in the market.
However, the market of flavored and functional water is facing a challenge from substitute products such as soft and sports drinks. Likewise, a strong distribution channel for such substitute products is obstructing the demand for flavored and functional water.
By product type, functional water is encouraged with micro-nutrients and the consumer market has well created a niche for itself. As well as, the industry boasts new formulations, which in recent years have been a critical factor in helping it gain momentum. Functional water also delivers a better nutrient profile, which is expected to encourage development opportunities.
Asia-pacific is expected to hold the largest market share of the global market in 2019, with the U.S., Germany, France, Italy, and Japan representing the largest penetration of flavored and usable water. In Asia, emerging markets are gradually urbanizing, ultimately embracing cultured lifestyles. Also, countries in Latin America and the Middle East are expected to help intensely rising economies.
The key players of the global Flavored and Functional Water market are Groupe Danon, Nestle SA, The Coca-Cola Company, PepsiCo, Hint Water, New York Spring Water, Kraft Foods, Balance Water Company, Sunny Delight Beverages Company, Cargill Inc., Herbal Water, and Aquafina Flavor Splash, among others.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Flavored and Functional Water Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Flavored and Functional Water Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Flavored and Functional Water Marketpositioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Flavored and Functional Water Market”.
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