The latest market report published by Credence Research, Inc. “Global Flavored and Functional Water Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028. The global flavored and functional water market has witnessed steady growth in recent years and is expected to continue growing at a CAGR of 12.20% between 2023 and 2030. The market was valued at USD 50.3 billion in 2022 and is expected to reach USD 112.6 billion in 2030.
The flavored and functional water market refers to the industry that produces and sells water-based beverages with added flavors and functional ingredients. These products are designed to provide consumers with a more appealing and health-focused alternative to plain water. The market has experienced significant growth in recent years as consumers have become more health-conscious and seek out beverages that offer added benefits beyond basic hydration.
Here are some key components of the flavored and functional water market:
Flavored Water: Flavored water is plain water infused with natural or artificial flavors to enhance taste. These flavors can range from fruity and sweet to herbal or botanical. The aim is to make water more enjoyable to drink, especially for those who may find plain water unappealing.
Functional Water: Functional water takes flavored water a step further by adding ingredients that provide specific health or functional benefits. These can include vitamins, minerals, electrolytes, antioxidants, probiotics, and other bioactive compounds. Functional waters are marketed for their potential to improve energy, focus, immune health, or other aspects of well-being.
Some of the major players in the market and their market share are as follows:
· Groupe Danone
· Nestle SA
· The Coca-Cola Company
· New York Spring Water
· Kraft Foods
· Balance Water Company
· Sunny Delight Beverages Company
Here is a regional analysis of the market:
North America:
· United States: The United States is one of the largest markets for flavored and functional water. Consumers in the US are increasingly looking for healthier beverage options, driving the growth of this market. Demand for functional waters with added vitamins, antioxidants, and other health benefits is high.
· Canada: The Canadian market is also witnessing growth, driven by health-conscious consumers seeking alternative beverages to sugary sodas and juices.
Europe:
· Western Europe: Countries like the United Kingdom, Germany, France, and Spain have robust markets for flavored and functional water. Health-conscious consumers, along with the popularity of natural and organic products, have fueled the demand in this region.
· Eastern Europe: The market is emerging in countries like Poland, Hungary, and the Czech Republic. As consumer awareness about the benefits of functional water grows, so does the market.
Asia-Pacific:
· China: The Chinese market for flavored and functional water has been expanding rapidly. Rising disposable incomes and urbanization are driving the demand for healthier beverages. Local and international brands are competing in this market.
· India: India's market is also growing, driven by a young and health-conscious population. Functional waters with ayurvedic or herbal ingredients are gaining popularity.
· Japan: Japan has a well-established market for functional beverages, including water infused with various health-enhancing ingredients.
Latin America:
· Brazil: Brazil is a significant market in Latin America for flavored and functional water. The demand for functional water with added vitamins, minerals, and natural flavors is on the rise.
· Mexico: The Mexican market is also growing as consumers seek healthier alternatives to sugary beverages.
Browse 229 pages report Flavored and Functional Water By Product Type (Flavored Water, Functional Water) By Sales Channel (Hypermarkets/Supermarkets, Convenience Stores, Specialty Stores, Departmental Stores, Online Retail)-Growth, Future Prospects & Competitive Analysis, 2016 – 2030 - https://www.credenceresearch.com/report/flavored-and-functional-water-market
The flavored and functional water market several key factors:
Health and Wellness Trends: Consumer awareness of the importance of hydration and the desire for healthier beverage options has driven the demand for flavored and functional waters. These products often contain added vitamins, minerals, antioxidants, and other functional ingredients, making them appealing to health-conscious consumers.
Reduced Sugars and Calories: Many consumers are seeking alternatives to sugary soft drinks and juices. Flavored and functional waters often offer a lower-calorie and sugar-free option while providing flavor and additional health benefits.
Convenience and Portability: The on-the-go lifestyle of modern consumers has led to increased demand for convenient and portable beverages. Flavored and functional waters are available in various packaging formats, including bottles, cans, and pouches, making them easy to carry and consume.
Innovation and Flavor Varieties: Companies in the flavored and functional water market have continuously innovated to introduce new flavors and functional ingredients. This diversity in product offerings helps cater to different consumer preferences.
Key Segments
By Product Type
· Flavored Water
· Functional Water
By Sales Channel
· Hypermarkets/Supermarkets
· Convenience Stores
· Specialty Stores
· Departmental Stores
· Online Retail
Why to Buy This Report-
· The report provides a qualitative as well as quantitative analysis of the global Flavored and Functional Water Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
· The report includes information on the competitive landscape, such as how the market's top competitors operate at the global, regional, and country levels.
· Major nations in each region with their import/export statistics
· The global Flavored and Functional Water Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
Browse Complete Report- https://www.credenceresearch.com/report/flavored-and-functional-water-market
Visit our Website- https://www.credenceresearch.com/
Related Reports- https://www.credenceresearch.com/report/us-bakery-items-market
https://www.credenceresearch.com/report/iron-supplements-market
Browse Our Blog - https://hackmd.io/@vanshikashukla/flavored-and-functional-water-market
https://www.linkedin.com/pulse/flavored-functional-water-market-size-expected-acquire-shukla
About Us -
Credence Research is a viable intelligence and market research platform that provides quantitative B2B research to more than 10,000 clients worldwide and is built on the Give principle. The company is a market research and consulting firm serving governments, non-legislative associations, non-profit organizations, and various organizations worldwide. We help our clients improve their execution in a lasting way and understand their most imperative objectives. For nearly a century, we’ve built a company well-prepared for this task.
Contact Us:
Office No 3 Second Floor, Abhilasha Bhawan, Pinto Park, Gwalior [M.P] 474005 India
Comments
0 comment