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Flavored and Functional Water Market: By Product Type, By Source, By Distribution Channel, by Region Forecast 2019-2030
Flavored and Functional Water Market: By Product Type, By Source, By Distribution Channel, by Region Forecast 2019-2030
Flavored and Functional Water Market size was valued at US$ 5.6 billion in 2023 and is anticipated to grow to US$ 36 billion by 2030 recording a CAGR of 12.1% from 2024-2030. Flavored water is bottled mineral water with added flavors. The healthfulness of the flavored water depends on the types of ingredients used. The flavored water consists of either natural or artificial flavorings or sweeteners. Some also contain added nutrients and caffeine. Functional water belongs to the non-alcoholic beverage category, with additional functionality and health benefits. Functional waters are enhanced by supplemental ingredients such as vitamins, minerals, herbs, vegetables, and raw fruits. Change in lifestyles along with an increase in health concerns is the key factor attributed to the growth of the flavored and functional water market. The adoption of a healthier lifestyle among the urban population is anticipated to drive the market growth of the market over the forecast period.
However, the stringent government regulations regarding food and safety are likely to hamper the growth of the flavored and functional water market. Mixed, guava, lemon, peach, and apple flavors are common in flavored and functional water products. Flavored and functional water is free of preservatives, dyes, caffeine, and carbonation. As a result, customers are growing interested in flavored and functional water products. Aerated drinks, such as cola, fizzy drinks, soda, and others, contain carbon dioxide and can cause weight gain, diabetes, and a high glycemic load on blood glucose, among other things. Whereas, non-aerated drinks, such as flavored and functional water, are not carbonated and have various nutritional benefits. The demand for bottled water, particularly flavored and functional water, has increased as a result of polluted water supplies in industrial and other sectors.
In February 2018, Nestl Waters North America launched a new line of healthy flavored sparkling water.
Study Period
2024-2030Base Year
2023CAGR
12.1%Largest Market
North AmericaFastest Growing Market
Asia-Pacific
Flavored and functional water is a nutritious drink that gives you a boost of energy right away. Rapid urbanisation and a fast-paced lifestyle have led to an increase in health-related issues. As a result, customers are drawn to products that are readily available and do not harm their health. Flavored and functional water comes in appealing packaging and bottles, and it's easy to find. As a result, the consumer's needs are met, and this element adds to the flavoured and functional water market's rapid rise. Purified water is combined with water obtained from minerals, vitamins, and botanicals to create flavoured and functional water. It also contains micronutrients, which are beneficial to one's health. To maintain their market dominance, leading market brands are investing in and focusing on emerging technology.
Asia Pacific holds the largest share when compared with that of the other regional market. India and China contribute the higher share in this region. The surge in the urbanization is the major factor enhancing the growth of the flavored and functional water market. The Latin America and the Middle East countries are likely to exhibit significant growth in the forthcoming years. Europe and North America fall next to the Asia Pacific region in the global market.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 5.6 billion |
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Market Size in 2030 |
US$ 36 billion |
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Market CAGR |
12.1% |
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By Product Type |
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By Source |
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By Distribution Channel |
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The flavored and functional water market size was valued at US$ 5.6 billion in 2023 and is set to reach US$ 36 billion by 2030 at a CAGR of 12.1% from 2024-2030
The market key players are: The Coca-Cola Company (U.S) Groupe Danone (France) Kraft Foods (U.S) Balance Water Company (U.S) Sunny Delight Beverage Company (U.S) Hint Water (U.S) Nestle Water (U.S) Herbal Water (U.S) PepsiCo (U.S)
The market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1. Executive Summary |
| 2. Global Flavored and Functional Water Market Introduction |
| 2.1.Global Flavored and Functional Water Market - Taxonomy |
| 2.2.Global Flavored and Functional Water Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.source |
| 2.2.3. Distribution Channel |
| 2.2.4.Region |
| 3. Global Flavored and Functional Water Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Flavored and Functional Water Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Flavored and Functional Water Market By Product Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Flavored Water |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Functional Water |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6. Global Flavored and Functional Water Market By source, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Synthetic |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Natural |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7. Global Flavored and Functional Water Market By Distribution Channel, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Hypermarkets/Supermarkets |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Convenience Stores |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Others |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 8. Global Flavored and Functional Water Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9. North America Flavored and Functional Water Market,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Flavored Water |
| 9.1.2.Functional Water |
| 9.2. source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Synthetic |
| 9.2.2.Natural |
| 9.3. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Hypermarkets/Supermarkets |
| 9.3.2.Convenience Stores |
| 9.3.3.Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10. Europe Flavored and Functional Water Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Flavored Water |
| 10.1.2.Functional Water |
| 10.2. source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Synthetic |
| 10.2.2.Natural |
| 10.3. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Hypermarkets/Supermarkets |
| 10.3.2.Convenience Stores |
| 10.3.3.Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11. Asia Pacific (APAC) Flavored and Functional Water Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Flavored Water |
| 11.1.2.Functional Water |
| 11.2. source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Synthetic |
| 11.2.2.Natural |
| 11.3. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Hypermarkets/Supermarkets |
| 11.3.2.Convenience Stores |
| 11.3.3.Others |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12. Middle East and Africa (MEA) Flavored and Functional Water Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Flavored Water |
| 12.1.2.Functional Water |
| 12.2. source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Synthetic |
| 12.2.2.Natural |
| 12.3. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Hypermarkets/Supermarkets |
| 12.3.2.Convenience Stores |
| 12.3.3.Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13. Latin America Flavored and Functional Water Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Flavored Water |
| 13.1.2.Functional Water |
| 13.2. source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Synthetic |
| 13.2.2.Natural |
| 13.3. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Hypermarkets/Supermarkets |
| 13.3.2.Convenience Stores |
| 13.3.3.Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.The Coca-Cola Company (U.S) |
| 14.2.2.Groupe Danone (France) |
| 14.2.3.Kraft Foods (U.S) |
| 14.2.4.Balance Water Company (U.S) |
| 14.2.5.Sunny Delight Beverage Company (U.S) |
| 14.2.6.Hint Water (U.S) |
| 14.2.7.Nestle Water (U.S) |
| 14.2.8.Herbal Water (U.S) |
| 14.2.9.PepsiCo (U.S) |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.