The global demand for Functional Water Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Functional water refers to a non-alcoholic beverage whose feature has been modified by adding ingredients that offer impressive health benefits and other features. Ingredients consist of raw fruits, herbs, vegetables, vitamins, consumable acids, and minerals are added to water before it becomes functional water. Functional water contains natural and artificial ingredients such as herbs, sweeteners, fruit extracts. Functional water is prepared by fortified nutrients such as minerals, vitamins, and proteins. Functional water is beneficial for enhancing immunity and improving the performance of the body. They are a healthy alternative to carbonated drinks.
Growth in the geriatric population is expected to drive the market growth of the flavored and functional water. This age group people are more inclined to consume such as healthy products for boosting immunity. In 2018, approx. 125 million people were aged 80 years or above. Between 2015 and 2050, the proportion of the world's population over 60 years will nearly double from 12% to 22%. Thus, growth in the geriatric population is projected to propel the market growth of the flavored and functional water. However, high cost associated with the functional and use of plastic materials for packaging of functional water is acting as a major barrier for the industry.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of functional water.
The entire functional water market has been sub-categorized into type and distribution channel. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Distribution Channel
- Specialty Stores
- Online Store
This section covers regional segmentation which accentuates on current and future demand for functional water market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Functional Water Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the functional water market include Groupe Danone, Nestle SA, The Coca-Cola Company, PepsiCo, Hint Water, New York Spring Water, Kraft Foods, Balance Water Company, Sunny Delight Beverages Company. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.