Flavored and Functional Water Market Expectations for Growth at 11.5% CAGR by the end of 2027 | Groupe Danone, Nestle SA, The Coca-Cola Company

Flavored and functional water are beverages with added ingredients such as artificial/natural flavours, minerals, vitamins, and sweeteners. Flavored water is purified water that has had flavours added to it. It is a blend of mineral water and various fruit juice concentrations.The entry of key players into new markets for business expansion is a key trend in the market, and it is expected to boost market growth. For example, in August 2019, Bisleri announced a partnership with Minerva Group in the United States to enter the flavoured water market. Bisleri, the world's largest bottler of water, has announced that, in addition to launching enhanced water in the domestic market, it will enter the US market with flavoured water and vitamin water.

The market for flavoured and functional water is expected to exceed US$ 87,446.8 million by 2027, with an 11.5 percent CAGR between 2020 and 2027.

By the end of 2019, the global flavoured and functional water market is expected to be worth US$ 36,708 Mn.

Request a Sample Copy of this Report @ https://www.coherentmarketinsights.com/insight/request-sample/1646
 
Companies Covered as part of this study include: Groupe Danone, Nestle SA, The Coca-Cola Company, PepsiCo, Hint Water, New York Spring Water, Kraft Foods, Balance Water Company, and Sunny Delight Beverages..
 
Drivers:

The rising obesity rate around the world is primarily driving the market growth of flavoured and functional water. In 2016, over 1.9 billion adults aged 18 and up were overweight. Over 650 million of these people were obese. Furthermore, in 2019, 38 million children under the age of five were overweight or obese. As a result, the rising obesity rate around the world is expected to propel the market growth of flavoured and functional water.

Market Developments

The rising popularity of flavoured and functional water containing natural zero-calorie sweetener among health-conscious consumers will boost market growth. This functional water lowers cholesterol levels and the risk of heart disease. Furthermore, its consumption improves immunity and energy levels during physical activities such as running and trekking. As a result, the increasing popularity of flavoured and functional water with zero-calorie sweetener is boosting market growth.

The use of advertising strategies by major manufacturers to reach their target consumers is a growing market trend. For example, in July 2017, Perrier® Sparkling Natural Mineral Water launched a new campaign to promote its new product range, which includes Strawberry and Watermelon sparkling water. The new creative campaign features original artwork by AKACORLEONE, an emerging artist.

Report Purchase Motives:

• The paper investigates how the market for Flavored and Functional Water is expected to grow in the future.
• Using Porter's five forces analysis, investigate various perspectives on Flavored and Functional Water.
• The product type expected to dominate the Flavored and Functional Water market is investigated, as are the regions expected to grow the fastest over the forecast period.
• Recognize the leading market participants' new advancements, Flavored and Functional Water shares, and policies.
• Over the last five years, the competitive landscape has included significant firms' Flavored and Functional Water shares, as well as important development policies.
• Comprehensive company profiles that include the major Flavored and Functional Water players' product offerings, critical financial information, current advancements, SWOT analysis, and strategies.
 
𝗖𝗵𝗿𝗶𝘀𝘁𝗺𝗮𝘀 𝘀𝗮𝗹𝗲 𝗶𝘀 𝗹𝗶𝘃𝗲!
𝒈𝒆𝒕 𝒆𝒙𝒄𝒍𝒖𝒔𝒊𝒗𝒆 𝒄𝒉𝒓𝒊𝒔𝒕𝒎𝒂𝒔 𝒅𝒊𝒔𝒄𝒐𝒖𝒏𝒕 𝒐𝒇 𝟮𝟱-𝟯𝟬 % 𝒕𝒊𝒍𝒍 𝟯𝟭 𝒅𝒆𝒄 𝟮𝟬𝟮𝟭
Get Instant huge 25-30% Discount Buy Now : https://www.coherentmarketinsights.com/insight/buy-now/1646
 
Important Takeaways

In terms of value, the Asia Pacific region dominated the global flavoured and functional water market in 2019 with a 44.5 percent market share.
In terms of value, the flavoured water segment dominated the global flavoured and functional water market in 2019 with a market share of 62.2 percent, followed by functional water.

Coronavirus's Impact on the Global Flavored and Functional Water Market (Covid-19) Pandemic

The unexpected emergence of the novel coronavirus is expected to benefit the bottled water industry, as consumers around the world are becoming more inclined to consume packed food products, and demand for packed food products is increasing due to increased awareness during the pandemic period. As a result, rising consumption of packaged drinking water is expected to drive market growth during the forecast period.

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
Visit Our Blogs: https://blog.coherentmarketinsights.com

About Coherent Market Insights:-

Coherent Market Insights is a global market intelligence and consulting firm that offers syndicated market research reports, customised market research reports, and consulting services. We are known for our actionable insights and authentic reports in a wide range of domains, including aerospace and defence, agriculture, food and beverages, automotive, chemicals and materials, and virtually every other domain and sub-domain under the sun. We add value to our clients' businesses by providing highly reliable and accurate reports. We are also committed to taking the lead in providing insights in various sectors post-COVID-19 and to continuing to deliver measurable, long-term results for our clients.

This release was published on openPR.