Flavored & Functional Water Market Analysis, Size, Business Opportunities and Industry Forecast to 2027
Drivers
and Constraints Impacting the Market
The
increasing awareness associated with health plays a major role in the buying
decision of the consumers. In recent days, adverse effects associated with
consumption of carbonated soft drinks has made consumers aware of their
drinking choices. Beverage companies are picking up these trends and are
introducing choices for consumers which comprise water fortified with essential
nutrients. Additionally, with the rising prevalence of vitamin deficiency
diseases, the market for flavored & functional water is considered to
expand considerably during the assessment period.
Functional
water offers health benefits of fortified nutrients, which include herb
extracts, vitamins & minerals, electrolytes, amino acids, and others. With
the increasing number of obesity cases in the developed economies, consumers
are shifting from soft drinks to healthy drinks, which is further estimated to
accelerate the market growth during the appraisal period. The growing tap water
contamination is also driving people to adopt bottled water.
On
the flip side, several protest campaigns initiated against packaging bottles
are considered to dampen the market to a great extent. Moreover, the threat of
substitutes is a longstanding challenge which will continue to hamper the
market growth during the estimated period.
Key
Players
The
prominent players operating in the Flavored & Functional Water Market
Analysis are Protein-water. Co (U.K), Eklo Water (Brazil), Nestle S.A.
(Switzerland), The Coca-Cola Company (U.S.), Suntory (Japan), Vieve Protein
Water (U.K), Hint. Inc. (U.S.), PepsiCo Inc (U.S.), and Danone S.A. (France).
Market Segmentation:
The global Flavored & Functional
Water Market Analysis has been segmented on the basis of ingredient
type, type, packaging type, distribution channel, and region.
By mode of type, the global Flavored &
Functional Water Market Analysis has been segmented into functional and
flavored. Among these, the functional water segment is considered to gain more
popularity owing to its health benefitting properties.
By mode of ingredient type, the global Flavored
& Functional Water Market Analysis has been segmented into herbal extracts,
vitamins & minerals, amino acids, and others. Among these, the vitamins
& minerals segment is predicted to dominate owing to the increasing
prevalence of deficiency diseases among the people.
By mode of distribution channel, the global Flavored
& Functional Water Market Analysis has been segmented into store and non-store
based. The store-based channel is likely to hold the major share owing to the
convenience of the consumers.
Access Report @ https://www.marketresearchfuture.com/reports/flavored-functional-water-market-6449
Regional Analysis
Geographically, the Flavored
& Functional Water Market Analysis span across regions namely, Europe,
North America, Asia Pacific, and Rest-of-the-World (RoW).
Among all the regions, North
America is presumed to dominate the Flavored & Functional Water Market
Analysis during the appraisal period owing to the increasing number of
health-conscious consumers in this region.
Asia Pacific is predicted to
grow at a rapid pace due to rising health awareness among consumers. Also, the
increasing awareness of the benefits of consumption of functional beverages
like improved immunity system is likely to trigger the demand for flavored
& functional water during the appraisal period. Moreover, manufacturers are
launching innovative products are low-calorie and sugarless in content. For
instance, NourishCo Beverages Ltd. launched Himalayan Orchard Pure flavored
water in July 2017.
Contact
us:
Market
Research Future (part of Wantstats Research and Media Private Limited),
99
Hudson Street,5Th Floor, New York, New York 10013, United States of America
Comments
Post a Comment