MARKET INTRODUCTION
Water refers to a colorless, odorless liquid which forms the basis of fluids for living beings. It is derived from seas, lakes, rivers, etc. Flavored water is a type of drink containing various enhancing ingredients such as mineral water, spring water, natural & artificial flavors, and sweeteners, but are available in the market as water. Whereas, functional water is the same as flavored water but with some additional nutritions, namely, minerals, herbs, raw fruit, vitamins, and vegetable flavors. Both of these, flavored and functional water, act as a substitute to carbonated drinks.
MARKET DYNAMICS
The young generation focusing of fitness is a factor driving the growth of the flavored and functional water market. In addition to it, a growing population and change in consumer preference is another factor propelling the growth of the flavored and functional water market. However, the availability of substitutes at similar prices acts as a restrain for the flavored and functional water market. Increasing demand from emerging markets and rising disposable income is expected to foster the growth of flavored and functional water market in the near future.
MARKET SCOPE
The "Global Flavored and Functional Water Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the flavored and functional water market with detailed market segmentation by product type, packaging and application. The global flavored and functional water market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading flavored and functional water market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global flavored and functional water market is segmented on the basis of product type, packaging and application and geography. On the basis of product type, the flavored and functional water market is segmented into sports drink, nutraceutical drink, energy drink, ready to drink and others. As per packaging, the flavored and functional water market is broken into PET bottles, glass bottled cans and pouches. On the basis of application, the flavored and functional water is divided into hypermarket, grocery & provisional stores, drug stores, vending machines and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global flavored and functional water market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The flavored and functional water market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the flavored and functional water market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the flavored and functional water market in these regions.
MARKET PLAYERS
The reports cover key developments in the flavored and functional water market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from flavored and functional water market are anticipated to lucrative growth opportunities in the future with the rising demand for flavored and functional water in the global market. Below mentioned is the list of few companies engaged in the flavored and functional water market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the flavored and functional water market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Balance Water Company
- Group Danone
- Hint Water Company
- Sunny Delight Beverages Company
- Surabhi Group of Companies
- Other Companies
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.