Flavored and Functional Water Market: Global Industry Analysis and Forecast (2023-2029)

Flavored and Functional Water Market were valued at the US$ 4.47 Bn. in 2022. Global Flavored and Functional Water Market size is estimated to grow at a CAGR of 11.2%. The market is expected to reach a value of US $ 9.41 Bn. in 2029.
Flavored and Functional Water Market Overview:
Flavored Water has ordinary and synthetic flavors added to improve the taste of water. On the other hand, functional waters also include vitamins, minerals, Spices, sweeteners, spring water, and artificial flavors in which they provide high nutritional value and give various health benefits such as blood system, weight management, and craving control to the consumers. It belongs to the group of beverages that are discernible similar to water. An increase in population, growing disposable income, and awareness of health benefits among people give rise to the flavored and functional water market. Preference towards nutrient-based drinks is gaining attraction for flavored and functional water. It is measured to be a hale and hearty drink that provides instant energy.To know about the Research Methodology:- Request Free Sample Report
Market Dynamics:
The rising upsurge of health-consciousness and preference for carbonated drinks and high sugar is driving the flavored and functional water market:

An increase in awareness of consuming healthy and regular water components is fueling the market growth of market. The predilection of the consumer is fluctuating the flavored water hydration market into carbonated drinks and high sugar drinks. Flavored and Functional water is a combination of purified water and it is derived from minerals and vitamins. In addition, it is deliberated as amusing in nutritional benefit for the human body. Consumers are drained of products that are certainly available and do not detriment health for the human body. Flavored and functional water comes in pleasing packaging and bottles, and it's easy to adopt. As a result, the consumer's necessities are encountered, and this component enhances the flavored and functional water market a speedy growth.

Availability of low-cost carbonated drinks is hampering the growth of the flavored and functional water market:

Most of the carbonated drinks can subsidize to gas and bloating for the reason of carbon dioxide. Some carbonated drinks may also feel starving. The carbonated drink consists of high sugar levels in flavored and functional water in which a large amount of sugar is revolved into overweight in the liver. Carbonated drinks can cause various health diseases such as the threat of metabolic syndrome, diminished sugar level, and increased high blood pressure, which is measured to be a restraining factor for the flavored and functional water market.

Flavored and Functional water promotes increased water consumption and energy:

Most of the Women feel pain from swelling owing to add salt or hormonal variation. Water helps to increase the body's metabolism and also prevents cramping that is an important benefit for the human body. However, functional water also gives several benefits such as: promotes weight loss, improving skin complexion, maintaining regularity, and helping to focus and concentrate to be more alert. Flavored water on an empty stomach helps in the emetic intestines, and also supports to control of the digestive swathe. These factors are giving a huge opportunity for the flavored and functional water market.

Growing Awareness about health play is challenging the flavored and functional water market:

Flavored water contains added sugar or artificial sweeteners which can cause headaches, joint pain, foggy brain, lack of focus, fatigue, stomach pain, etc. Apart from this functional water is also not safe and healthy and can also lead to straight caffeine this contributes to a major challenging factor for the flavored and functional water market.
Flavored and Functional Water Market Segment Analysis:
Based on Product, the market is segmented as flavored water and functional water. The flavored water is dominating the market in 2022. Flavored water majorly focuses on various health benefits such as improved immunity and energy-boosting. Flavored waters can be delightful and hydrating without paying to detrimental weight gain, depending on the variability. Favorable antioxidants from plant abstracts and fruit fluids are established in some cultivars. Dietary benefits are lashing the flavored water market. Incessant product innovation and per capita consumption of water has also increased the sale of flavored water. The flavored market is expected to reach a CAGR of 8.6% in 2029.

However, Functional water is encouraged with micronutrients as a product type, and the consumer market has engraved out a vocation for itself. In addition, the business of functional water claims original formulations, which have been a vital constituent in helping the product while gaining purchase of functional water in 2022. A healthier nutrient profile is also distributed by functional water, which is projected to boost development potential.



Based on Distribution Channel, the market is segmented as Supermarket & Hypermarket, Convenience Stores, Online Stores, and Others. The supermarket & Hypermarket is expected to dominate the Flavored and Functional market in 2022. The sale of flavored water in the Supermarket has increased a market share of 8.2% in Great Britain. Providing variety into flavored water in supermarkets & hypermarkets can attract the consumer and give lucrative growth for the market. The production of functional water has also increased in various countries such as Australia and China which is measured to be another factor for driving the growth of this segment.

However, the convenience store segment is expected to grow at a CAGR of xx% through the forecast period. They are generally called natural destination retail locations and also provide an economic boost for the flavored and functional water market. This segment gives various benefits such as less cost into the product, competitive advantage, etc. The Online segment is expected to grow at a CAGR of 10.7% in 2029. The growth of this sales channel is being driven by the accessibility of modest pricing and easy home delivery. Also, product sales through online podiums are likely to upsurge in 2029 due to the increased occurrence of the Internet.
Regional Insights:
The Asia Pacific region is expected to dominate the Flavored and Functional Water market through the forecast period. This region has a higher consumer base in terms of the market industry. Countries like Italy, France, the U.S, and Japan witnessed a higher consumer base for the market. Awareness of several health benefits like an immune booster, lower cholesterol, weight loss, gives lucrative growth in these countries for the market. Due to increasing disposable income and a high rate of development, the U.S market has the largest market share for the market.

However, The European region is expected to grow at a CAGR of xx% during the forecast period. The countries with the largest manufacturing base in the Flavored and Functional Water market are Denmark, France, and Germany. Because of the strong regard for Flavored and Functional Water concerning nourishing profits among customers, Europe is projected to be a quick adopter.

The objective of the report is to present a comprehensive analysis of the market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help understand the Flavored and Functional Water Market dynamic and structure by analyzing the market segments and projecting the market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the market make the report investor’s guide.
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Global Flavored and Functional Water Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US$ 4.47 Bn.


Forecast Period 2023 to 2029 CAGR:
11.2%
Market Size in 2029:
US$ 9.41 Bn.


 Segments Covered:
by Product
Flavored
Functional


by Distribution Channel
Supermarket & Hypermarket
Convenience Store
Online Store
Others



Flavored and Functional Water Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Flavored and Functional Water Market Key Players
1. Aquafina Flavor Splash
2. Herbal Water
3. Cargil Inc
4. Sunny Delight Beverages Company
5. Balanced Water Company
6. Kraft Foods
7. New York Spring Water
8. PepsiCo
9. The coca-cola company
10.Nestle SA
11.Groupe Danon
12.Eklo water
13.Suntory
14.Vieve Protein water
15.Hint waterer

Frequently Asked Questions:

1. Which region has the largest share in Global Flavored and Functional Water Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Flavored and Functional Water Market?
Ans: The Global Flavored and Functional Water Market is growing at a CAGR of 11.2% during forecasting period 2023-2029.

3. What is scope of the Global Flavored and Functional Water market report?
Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Flavored and Functional Water market?
Ans: The important key players in the global market are – Aquafina Flavor Splash, Herbal Water, Cargil Inc, Sunny Delight Beverages Company, Balanced Water Company, Kraft Foods, New York Spring Water, PepsiCo, The coca-cola company, Nestle SA, Groupe Danon, Eklo water, Suntory, Vieve Protein water, and Hint water

5. What is the study period of this market?
Ans: The Global Flavored and Functional Water Market is studied from 2022 to 2029.