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Functional Water Market 2023 : Trends, Business Growth And Major Driving Factors | Danone, The Coca-Cola Company, Pepsico Inc., Dr. Pepper Snapple Vitamin Well AB, Trimino Brands LLC
Functional Water Market
Functional Water Market Size, Growth Rate, And Forecast
The global functional water market size is expected to grow from $7.98 billion in 2022 to $8.57 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The functional water market size is expected to grow to $11.19 billion in 2027 at a CAGR of 6.9%.
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Functional Water Market Drivers
The increasing prevalence of obesity is driving the growth of the functional water market. Obesity is a complex disease characterized by an excess of body fat that raises the risk of developing other diseases and health issues, such as heart disease, diabetes, high blood pressure, and certain cancers. Because of the widespread prevalence of obesity, functional water is being used as a dietary means for weight loss and overweight or obesity prevention.
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Functional Water Market Segments
1) By Product Type: Vitamin, Protein, Other Product Types
2) By Packaging: Pet Bottles, Can, Other Packaging
3) By Distribution Channel: Hypermarkets Or Supermarkets, Specialty Stores, Online Stores, Other Distribution Channels
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Functional Water market.
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Functional Water Market Key Players
Major players in the functional water market are Danone, The Coca-Cola Company, Pepsico Inc., Dr. Pepper Snapple Vitamin Well AB, Trimino Brands LLC., NYSW Beverage Brands Inc., Herbal Water, Vichy Catalan Corporation, San Benedetto, Unique Foods, Nestle SA, Hint Water, Balance Water Company, Sunny Delight Beverages Company, Hind Water, Kraft Foods, Function Drinks, Bridgepoint Group plc., and Disruptive Beverages Inc.
The Business Research Company's "Global Functional Water Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Functional Water Market Include:
1. Executive Summary
2. Functional Water Market Characteristics
3. Functional Water Market Trends And Strategies
4. Functional Water Market - Macro Economic Scenario
5. Functional Water Market Size And Growth
……
27. Functional Water Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Functional Water Market
29. Functional Water Market Future Outlook and Potential Analysis
30. Appendix
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