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The flavored water market was valued at $17,788.9 million in 2020, and is estimated to reach $31,264.2 million by 2030, registering a CAGR of 5.5% from 2021 to 2030.
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Flavored Flavored Water $ $31,264.2 31,264.2 Million Water Market Market Expected to Reach Expected to Reach Million by by 2030 2030 | CAGR | CAGR 5.5% 5.5% Global Opportunity Analysis and Industry Forecast 2021–2030
Flavored Flavored Water Water Market Market Overview, Overview, 2030 2030 The global flavored water market size was valued at $17.788.9 million in 2020, and is projected reach $31,264.2 million by 2030, registering a CAGR of 5.5% from 2021 to 2030. The introduction of innovative flavors by market players in the flavored water industry to pique customer interest and give a lucrative potential for market growth. Flavored water is non-alcoholic bottled drinking water that is rich in minerals and has improved flavor. It is available in as still, sparkling, and functional water infused with natural flavors. Sparkling flavored water combines carbonation with additional minerals, whereas functional flavored water has additional ingredients such as protein, vitamins, herbs, botanicals, and alkaloids that are beneficial for health. The supplemental elements in flavored water help to boost the immune system, balance the pH, and rejuvenate the body. Flavored water has a distinctly clear and crisp flavor that gives customers an enhanced experience. Dietary sugar is used for the preparation of flavored water. It adds taste to the product, ensuring that the water maintains its distinct taste and increases the shelf life. Sugar in the diet, particularly in liquid form, increases the risk of dental cavities, obesity, and type 2 diabetes. In 2016 Soft Drinks Industry Levy, introduced sugar tax, and in 2018 it was implemented and was adopted by 39 countries from different regions. Download Free Sample Report:
COVID COVID- -19 impact analysis 19 impact analysis • The COVID-19 pandemic disrupted food & beverage supply chains all across the globe. Consumption habits of consumers have changed by the perception of the risk associated with COVID-19. • Consumer's fear of potential food and beverages shortages has fueled the hoarding trend. The hoarding had led to an increase in the demand for food and beverage products however, the industries were unable to meet this market demand. • The vaccination drive and lockdown practices to prevent the spread of the virus globally are likely to aid the market growth for regaining its place in the beverage sector.
Key Market Players Key Market Players • The players operating in the global flavored water market have adopted various developmental strategies to expand their flavored water market share, increase profitability, and remain competitive in the market. • DANONE SA • DISRUPTIVE BEVERAGE, INC • HARVEST HILL HOLDINGS, LLC • HINT, INC. • KEURIG DR. PEPPER INC. • MIAMI BAY BEVERAGE COMPANY, LLC • NESTLE S.A • PEPSICO, INC. • THE COCA-COLA COMPANY • UNIQUE FOODS (CANADA) INC.
Key Findings Of The Study Key Findings Of The Study • On the basis of flavored water market analysis for type, the sparkling water segment is projected to witness the highest CAGR of 5.3%, in revenue terms, during the forecast period. • On the basis of flavor, the lemon segment is expected to dominate the market from 2021 to 2030. • On the basis of flavored water market trends for packaging, the PET bottles segment is projected to witness the highest CAGR of 5.8%, in revenue terms, during the forecast period. • On the basis of sales channel, the hypermarkets/supermarkets segment is expected to grow at a significant CAGR during the flavored water market forecast period. • On the basis of region, U.S. was the largest country, in terms of revenue generation for flavored water market in 2020. • On the basis of region, Asia-Pacific is anticipated to witness highest growth rate, registering a CAGR of 7.4% from 2021 to 2030.
Key Market Segments Key Market Segments BY FLAVOR BY PACKAGING BY TYPE BY SALES CHANNEL • PET bottles • Cans • Sparkling water • Functional water • Still water • Lemon • Watermelon • Strawberry • Orange • Others • Hypermarkets/Supermarkets • Convenience stores • Online channels • Others
By Region By Region • North America • U.S. • Canada • Mexico • Europe • Germany • France • UK • Italy • Spain • Rest of Europe • Asia-Pacific • China • Japan • India • Australia • South Korea • Rest of Asia-Pacific • LAMEA • Brazil • United Arab Emirates • Argentina • South Africa • Rest of LAMEA
FREQUENTLY ASKED QUESTIONS? FREQUENTLY ASKED QUESTIONS? • Q1. What is the total market value of the Flavored Water Market report? • Q2. What would be the forecast period in the Flavored Water Market report? • Q3. Which is the base year calculated in the Flavored Water Market report? • Q4. Which are the top companies hold the market share in the Flavored Water Market? • Q5. Which is the most influencing segment growing in the Flavored Water Market report? • Q6. Which market holds the maximum market share of the Flavored Water Market? • Q7. How the company profile has been selected? • Q8. What is the market value of the Flavored Water Market in 2020?
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