Functional Water Market With Covid-19 Impact and Market Size, Share, Growth Factors, Competitive Landscape and Regional Forecast 2031

Global Functional Water Market report from Global Insight Services is the single authoritative source of intelligence on Functional Water Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Functional water is water that has been enhanced with additional ingredients to provide specific health benefits. These ingredients can include vitamins, minerals, herbs, amino acids, and enzymes. Functional water is often marketed as a healthier alternative to sugary beverages, and it is often promoted as a way to help improve hydration, promote weight loss, and boost energy levels.

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Key Trends

The key trends in Functional Water technology are:

1. Increased focus on health and wellness: Functional Water is being marketed as a healthy alternative to sugary drinks and sodas. There is an increasing trend of consumers looking for healthier options, and Functional Water fits this bill.

2. Convenience: Functional Water is often packaged in single-serve bottles, making it a convenient option for on-the-go consumers.

3. Natural ingredients: Many Functional Water brands are using natural ingredients to appeal to health-conscious consumers.

4. Enhanced flavors: Functional Water is often enhanced with fruit flavors or other additives to make it more palatable.

Key Drivers

The key drivers of the functional water market are health and wellness, and environmental consciousness.

Health and wellness is a major trend driving the functional water market as consumers are increasingly interested in preventive health and fitness. They are willing to pay a premium for products that offer health benefits, such as functional water that is enriched with vitamins, minerals, and other nutrients.

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Environmental consciousness is another key driver of the functional water market as consumers become more aware of the impact of their choices on the environment. They are seeking out products that are sustainable and have a lower environmental impact, such as functional water that is packaged in recycled or recyclable materials.

Market Segmentation

The global functional water market is segmented based on product, type, and region. Based on the product, the market is fragmented into flavored functional water and unflavored functional water. Based on the type, the global functional water market is segregated into vitamins, proteins, and others. By region, the market is segmented into North America, Europe, Asia-Pacific, and rest of the world.

Key Players

The key players in the functional water market are PepsiCo, Coca Cola, Dr Pepper Snapple, Nestle, Group Danone, Sunny Delight Beverages, Kraft Foods, Tata Global Beverages, Sunsweet Growers Inc., and Suntory Holdings Ltd.

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