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Global Flavored and Functional Water Market - Market Size, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global Flavored and Functional Water Market
Global flavored and functional water market was valued at US$ XX Mn in 2017 and expected to grow at XX% Compound Annual Growth Rate (CAGR) over 2018 to 2024
Market Outline: Flavored and Functional Water Market
Flavored water is the bottled mineral water with added flavors. The healthfulness of the flavored water depends on the types of ingredients used. The flavored water consists of either natural or artificial flavorings or sweeteners. Some also contain added nutrients and caffeine. Functional water belongs to the non-alcoholic beverage category, with additional functionality and health benefits. Functional waters are enhanced by supplemental ingredients such as vitamins, minerals, herbs, vegetables, and raw fruits.
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Market Dynamics: Flavored and Functional Water Market
Change in the lifestyles along with an increase in the health concerns is the key factor attributed for the growth of the flavored and functional water market. The adoption of the healthier lifestyle among the urban population is anticipated to drive the market growth of the flavored and functional water market over the forecast period. However, the stringent government regulations regarding the food and safety are likely to hamper the growth of the flavored and functional water market.
Market Scope: Flavored and Functional Water Market
Flavored and functional water market is segmented based on the product type, source, and distribution channel
Based on the product type, the market is segmented into the following:
• Flavored Water
• Functional Water
Based on the source, the market is segmented into the following:
• Synthetic
• Natural
Based on the distribution channel, the market is segmented into the following:
• Hypermarkets/Supermarkets
• Convenience Stores
• Others
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Regional Analysis: Flavored and Functional Water Market
Geographically, global respiratory inhaler devices market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific flavored and functional water market holds the largest share when compared with that of the other regional market. India and China contribute the higher share in this region. The surge in the urbanization is the major factor enhancing the growth of the flavored and functional water market. The Latin America and the Middle East countries are likely to exhibit significant growth in the forthcoming years. Europe and North America fall next to the Asia Pacific region in the global flavored and functional water market.
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Competition Assessment: Flavored and Functional Water Market
Some of the players in the global flavored and functional water market include:
• The Coca-Cola Company (U.S)
• Groupe Danone (France)
• Kraft Foods (U.S)
• Balance Water Company (U.S)
• Sunny Delight Beverage Company (U.S)
• Hint Water (U.S)
• Nestle Water (U.S)
• Herbal Water (U.S)
• PepsiCo (U.S)
Notable Market Developments: Flavored and Functional Water Market
In Feburary 2018, Nestlé Waters North America has launched a new line of healthy flavored sparkling water
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