Functional water is a non-alcoholic and plant-based beverage that contains ingredients such as proteins, herbs, vitamins, minerals, and others that provide impressive health advantages. The functional water offers refreshment, taste, health & hydration, and multiple skin benefits. Besides, it helps boost energy and improve immunity.
MARKET DYNAMICS
Consumers' shift from aerated & alcoholic beverages towards healthy drinks and the rising demand for plant-based products are the vital factors expected to drive the functional water market during the forecast period. Moreover, the increasing demand for fortified food & beverages among the populace is expected to increase the demand for functional water in the coming years, thereby creating ample opportunities for functional water manufacturers. However, the increase in PET bottles' price used in packaging functional water is likely to hinder the market growth.
MARKET SCOPE
The "Global Functional Water Market Analysis to 2028" is a specialized and in-depth study of the food and beverage industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the functional water market with detailed market segmentation by ingredients and distribution channel. The global 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 functional water market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global functional water market is segmented into ingredients and distribution channel. By ingredients, the functional water market is classified into Vitamins & Minerals, Proteins, Others. By distribution channel, the functional water market is classified into Supermarkets & Hypermarkets, Convenience Stores, Online Retail, 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 functional water market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The 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 functional water market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. 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 functional water market in these regions.
MARKET PLAYERS
The report covers vital developments in the 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 partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the functional water market are anticipated to lucrative growth opportunities in the future with the rising demand for functional water in the global market. Below mentioned is the list of few companies engaged in the functional water market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the functional water market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- Dr Pepper Snapple Group Inc.
- Nestle S.A.
- PepsiCo
- The Coca-Cola Company
- Danone
- HindWater
- New York Spring Water
- Glanbia plc
- SIPA
- Herbal Water
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.