Flavored and Functional Water Market to Garner Growth 11.2% by 2027
The global Flavored and Functional Water market gathered revenue around USD 4.1 Billion in 2020 and market is set to grow USD 35 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 11.2% during the prediction period 2021 to 2027.
The global functional and flavored water market is expected to report impressive growth as consumers show higher inclination towards adoption of healthier lifestyle. Prevalence of various health maladies due to unhealthy choices in food and drinks has compelled people from around the world to opt for healthy diet. Consumers are thus swaying away from carbonated drinks to “better-for-you” alternatives.
Nova one advisor highlights this as a chief factor fuelling the demand for functional and flavored water. Product launches witnessed over the last few years besides influx of new entrants will drive the flavored and functional water market. In its recent study, nova one advisor offers exclusive insights into the market, detailing various factors enabling growth as well as key restraints.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Flavored and Functional Water market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Flavored and Functional Water market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Flavored and Functional Water market report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Rising Focus on Health and Fitness Creates Growth Opportunities
The focus on fitness is higher than ever before. This, coupled with better access to information, has rendered consumers cautious about their food choices. They are adopting various changes in lifestyle, which also is reflecting on their choice of beverages. The demand for exotic flavors is on a rise and so is the sales of functional and flavored water.
Public campaigns targeting the indiscriminate use of plastic also will have immense impact on the market. As a result of rising focus on environmental sustainability, manufacturers are likely to experiment with various packaging materials. Those still using plastic and PET bottles could however ne at a loss. Nonetheless, the market will soon witness overhaul as companies aim at keeping pace with dynamic consumer preferences. On the downside though low cost carbonated drinks will continue posing threat to the market. The presence of sugar in some functional beverages too will act as a hindrance to growth.
| Report Highlights | Details |
| Market Size | USD 35 Billion by 2027 |
| Growth Rate | CAGR of 11.2% From 2021 to 2027 |
| Base Year | 2020 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2027 |
| Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
| Segments Covered | Product and region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | Nestle, Kraft Foods, Group Danone, Coca Cola, HindWater and PepsiCo |
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Flavored and Functional Water Market include: Nestle, Kraft Foods, Group Danone, Coca Cola, HindWater and PepsiCo.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Product
Flavored Water
Functional Water
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Flavored and Functional Water market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Flavored and Functional Water market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Flavored and Functional Water markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Flavored and Functional Water market Study:
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
(Upto 5 With No Cost)
Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers