According to a new market report by Lucintel, the future of the flavored and functional water market looks promising with opportunities in the beverage industry. The flavored and functional water market is expected to grow with a CAGR of 11% from 2019 to 2024. The major growth drivers for this market are increasing prevalence of obesity, growing awareness on healthy lifestyle, and rise in aging population.
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In this market, flavored water, and functional water are used to provide extra nutritional values and benefits. Flavored water is the largest segment due to various health benefits and improve immunity and boosts energy.
Within the flavored and functional water market, vitamins and minerals is the largest ingredient segment due to the rising consumer preference about importance of vitamins and minerals for normal physiological function.
North America is the largest market over the forecast period due to rising consumer awareness on health and increasing consumption of bottled water.
Kraft Foods, Hint Water, PepsiCo, Coca-Cola, Nestle, Group Danone, Sunny Delight, and Balance Water are among the major manufacturers of flavored and functional water.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the flavored and functional water market by water type, distribution channel, ingredient, and region. Lucintel has prepared a comprehensive research report titled "Flavored and Functional Water Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the flavored and functional water market by water type, distribution channel, ingredient, and region as follows:
By Water Type [$M shipment analysis for 2013 – 2024]:
Flavored Water
Functional Water
By Ingredient [$M shipment analysis for 2013 – 2024]:
Vitamins and Minerals
Botanical Extracts
Amino Acids
Others
By Distribution Channel [$M shipment analysis for 2013 – 2024]:
Hypermarkets
Supermarkets
Convenience Stores
Specialty Stores
Online Channel
Others
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/flavored-and-functional-water-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.