sales@reportocean.com (Bussiness Sales)
+18882123539 (Us - Toll Free)
+919997112116 (Rest Of World)
Functional Water Market by Product (Flavored functional water, Unflavored functional water); by Type (Vitamins, Proteins, Minerals, Others); by Packaging (Pet bottles, Can, Others); by Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Specialty Stores, Online Sales Channel); by Region (North America, Europe, Asia Pacific, Middle East & Africa (MEA), South America) : Global opportunity analysis and industry forecast 2021-2030

Functional Water Market by Product (Flavored functional water, Unflavored functional...

Home / Categories / Other
Functional Water Market by Product (Flavored functional water, Unflavored functional water); by Type (Vitamins, Proteins, Minerals, Others); by Packaging (Pet bottles, Can, Others); by Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Specialty Stores, Online Sales Channel); by Region (North America, Europe, Asia Pacific, Middle East & Africa (MEA), South America) : Global opportunity analysis and industry forecast 2021-2030
Functional Water Market by Product...
Report Code
RO14/128/1637

Publish Date
25/Oct/2021

Pages
190
PRICE
$ 4570/-
This is a single user license, allowing one specific user access to the product. The product is a PDF.
$ 5450/-
This is a 1-5 user license, allowing up to five users have access to the product. The product is a PDF.
$ 7695/-
This is an enterprise license, allowing all employees within your organization access to the product. The product is a PDF..

The global functional water market value was US$ 5,218 million in 2020. The global functional water market is forecast to reach US$ 10,952 million by 2030, with a growing compound annual growth rate (CAGR) of 7.6% during the forecast period from 2021-2030. 

Functional water is a non-alcoholic beverage that contains minerals, vitamins, acids, herbs, and other additives to improve the taste of regular water and provide additional health benefits. The additional ingredients provide vitamins and minerals, which rejuvenate the body. They also help to maintain the pH level of the body. The extra electrolytes in functional water keep people's body's electrolyte levels stable when they exercise hard and sweat a lot. The low or no-calorie content of functional water makes it a healthier alternative to sugary and fizzy drinks.

Factors Influencing the Growth

The health benefits and nutritional properties of functional water are making it popular in the market. Drinks with additional vitamins and proteins that can keep the body hydrated for longer periods of time have become popular with consumers. The athletes and marathoners need to consume small amounts of hydrating drinks to keep their bodies hydrated for the long run. There is a growing demand for functional water that contains various flavors, nutrients, proteins, vitamins, minerals, botanicals, and oxygen. Therefore, value-added hydration is driving the growth of the functional water market during the forecast period.

The high price of functional water slows down the growth of the global functional water market during the forecast period.

Functional water packaging is raising concerns about environmental degradation. Thus, recycling and environmentally friendly packaging materials for bottles and cans are getting more crucial than ever before. In the long run, this will result in lucrative opportunities for various players in the functional water market, making it a profitable business for leading players. Therefore, the eco-friendly packaging of functional water is creating new opportunities for the market.

Impact Analysis of COVID-19

The COVID-19 pandemic had positively and negatively affected the global functional market. 

In the wake of the pandemic, consumers turned to healthier beverages containing vitamins and minerals in order to ensure proper nutrition. Therefore, opportunities for the functional water market increased during the forecast period due to the COVID-19 pandemic. In addition, online retail channels are likely to achieve a higher growth rate than conventional distribution channels, such as supermarkets and specialty stores, for functional water sales over the forecast period.

Regional Insights

North America dominated the functional water market in 2020 and is forecast to continue dominating the market during the forecast period. Functional water is available in diversified platforms ranging from modern trade to online sales channels, contributing to the growth of the global market for this product. The functional water market has grown due to the growing penetration of retail sales. Furthermore, the ability of consumers to purchase functional water on e-commerce platforms has resulted in the convenience of buying goods without any physical constraints.

Leading Competitors

The prominent companies in the global functional water market are:

  • Bridgepoint Group plc
  • Coca Cola
  • Disruptive Beverages Inc.
  • Dr. Pepper Snapple
  • Group Danone
  • Hind
  • Kraft Foods.
  • Nestle
  • PepsiCo
  • Sunny Delight Beverages
  • Sunsweet Growers Inc.
  • Suntory Holdings Ltd.
  • Tata Global Beverages
  • Trimino Brands
  • Other Prominent Players

Scope of the Report

The global functional market segmentation includes Product, Type, Packaging, Distribution Channel, and Region.

Segmentation based on Product

  • Flavored functional water
  • Unflavored functional water

Segmentation based on Type

  • Vitamins
  • Proteins
  • Minerals
  • Others (Botanicals, and Oxygen)

Segmentation based on Packaging

  • Pet bottles
  • Can
  • Others

Segmentation based on Distribution Channel

  • Supermarket/Hypermarket
  • Convenience Stores
  • Specialty Stores
  • Online Sales Channel

Segmentation based on Region

  • North America
  • The U.S.
  • Canada
  • Mexico
  • Europe
  • Western Europe
  • The UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Western Europe
  • Eastern Europe
  • Poland
  • Russia
  • Rest of Eastern Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • ASEAN
  • Rest of Asia Pacific
  • Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA
  • South America
  • Brazil
  • Argentina
  • Rest of South America

OUR CLIENTS

500 N Michigan Ave, Suite 600, Chicago, Illinois 60611, UNITED STATES
+18882123539
sales@reportocean.com