PUBLISHER: Value Market Research | PRODUCT CODE: 1547757
PUBLISHER: Value Market Research | PRODUCT CODE: 1547757
The global demand for Functional Water Market is presumed to reach the market size of nearly USD 9.41 Billion by 2032 from USD 5.03 Billion in 2023 with a CAGR of 7.21% under the study period 2024-2032.
Functional water refers to a non-alcoholic beverage whose feature has been modified by adding ingredients that offer impressive health benefits and other features. Ingredients consist of raw fruits, herbs, vegetables, vitamins, consumable acids, and minerals are added to water before it becomes functional water. Functional water contains natural and artificial ingredients such as herbs, sweeteners, fruit extracts. Functional water is prepared by fortified nutrients such as minerals, vitamins, and proteins. Functional water is beneficial for enhancing immunity and improving the performance of the body. They are a healthy alternative to carbonated drinks.
Growth in the geriatric population is expected to drive the market growth of the flavored and functional water. This age group people are more inclined to consume such as healthy products for boosting immunity. In 2018, approx. 125 million people were aged 80 years or above. Between 2015 and 2050, the proportion of the world's population over 60 years will nearly double from 12% to 22%. Thus, growth in the geriatric population is projected to propel the market growth of the flavored and functional water. However, high cost associated with the functional and use of plastic materials for packaging of functional water is acting as a major barrier for the industry.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Functional Water. The growth and trends of Functional Water industry provide a holistic approach to this study.
This section of the Functional Water market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Functional Water market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Functional Water market include Dr Pepper Snapple Group Inc., Nestle S.A., PepsiCo, The Coca-Cola Company, Groupe Danone, Hint Water, New York Spring Water, Balance Water Company, Sunny Delight Beverages Company. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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