Global Flavored and Functional Water Market was valued US$ xxMn in 2019 and is expected to
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Global Flavored and Functional Water Market: Overview
Flavored water can be characterized as the type of drink with diverseaugmenting ingredients added, but represented on the market as water, like mineral water, spring water, sweeteners, and natural or artificial flavors. Likewise, functional forms of water with some similar flavored water additives that often contain nutritious values for example nutrients, spices, protein, vitamins, fresh fruit, and vegetable flavors that are fruitful for body development and efficiency.
Global Flavored and Functional Water Market: Growth Factors
Growing obesity occurrence and increasing adoption of modern lifestyles in urban populations are expected to remain key drivers for the growth of the global demand for flavored and functional water. When customers’ health problems prohibit them from drinking artificially flavored beverages and carbonated drinks, the popularity of flavored water is rising. Because of its health benefits and reduced swapping costs, functional water is verypleasing, since the price nearly matches that of flavored water.
The accessibility of a variety of flavors and practical water would also fuel the growth of the market, as customers naturally tend to try and follow the best of new tastes. While flavored and functional water is a bit expensive, rising levels of income nowallow individuals, mainly in developed countries, to drink quality goods like this water. This is expected to be a significant factor that will have a positive influence on growth in the market.
However, the market of flavored and functional water is facing a challenge from substitute products such as soft and sports drinks. Likewise, a strong distribution channel for such substitute products is obstructing the demand for flavored and functional water. Also, the lack of consciousnessconcerning the health benefits of such beverages across emerging countries is expected to hinder the market growth of flavored and functional water.
Global Flavored and Functional Water Market: Segmentation
By product type, functional water is encouraged with micro-nutrients and the consumer market has well created a niche for itself. As well as, the industry boasts new formulations, which in recent years have been a critical factor in helping it gain momentum. Functional water also delivers a better nutrient profile, which is expected to encourage development opportunities.
By region, Asia-pacific is expected to hold the largest market share of the global market in 2019, with the U.S., Germany, France, Italy, and Japan representing the largest penetration of flavored and usable water. In Asia, emerging markets are gradually urbanizing, ultimately embracing cultured lifestyles. Also, countries in Latin America and the Middle East are expected to helpintensely rising economies.
The objective of the report is to present a comprehensive analysis of the Global Flavored and Functional Water Marketincluding all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Flavored and Functional Water Marketdynamics, structure by analyzing the market segments and project the Global Flavored and Functional Water Marketsize. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Flavored and Functional Water Marketmake the report investor’s guide.
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Scope of the Global Flavored and Functional Water Market: Inquire before buying
Global Flavored and Functional Water Market, By Product Type
• Flavored Water
• Functional Water
Global Flavored and Functional Water Market, By Distribution Medium
• Sports Drink
• Nutraceutical Drink
• Energy Drink
• Ready To Drink
Global Flavored and Functional Water Market, By Packaging
• PET Bottle
• Glass Bottled Cans
Global Flavored and Functional Water Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Flavored and Functional Water Market
• Groupe Danon
• Nestle SA
• The Coca-Cola Company
• Hint Water
• New York Spring Water
• Kraft Foods
• Balance Water Company
• Sunny Delight Beverages Company
• Cargill Inc.
• Herbal Water
• Aquafina Flavor Splash
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