Flavored Water Market Share, Industry Segments, Development, Opportunities, Forecast till 2027
Market Overview
Market Research Future assessed the global Flavored Water Market Share 2020 through the review period till 2024. The Flavored Water Market Share can rise at 7.6% CAGR between 2018 and 2024. The Flavored Water Market Share value can touch about USD 10,989.0 Million by 2024. The expansion of consumer base for healthy flavored functional drinks is giving rise to new market niches. Growing diet trends, such as keto, Whole 30, and paleo diets, is contributing to the rise in consumption of different types of flavored drinks. In addition, flavored water is also observed to gain popularity as a hydrating agent. The high sales of flavored water owing to the above causes can support expansion of the market in the near future. The growing focus of suppliers on creating sustainability and adding value to consumer experience can add to the market rise in the near future. However, the growing demand for numerous substitutes, such as; sports drinks, juice, smoothies, and soft drinks, can restrain the market rise.
Segmental Analysis
The global flavored water in blue bottle study is based on packaging type, type, and distribution channel.
The type-based segments of the Flavored Water Market Share are still and carbonated. The carbonated segment can dominate the worldwide Flavored Water Market Share and is expected to surge at 7.8% CAGR across the forecast period. The flavored water made from variety of sources, such as; protected springs, groundwater from wells, or public water supply, have high traction over carbonated water. This can benefit the market rise in the near future.
The packaging type-based segments of the Flavored Water Market Share are bottles, and cans among others. The bottles segment can garner decent market share of the worldwide Flavored Water Market Share by 2024. The high consumer convenience offered by bottles are earning them popularity among consumers. The cans segment can surge at rapid growth pace across the forecast period.
Regional Analysis
As per geography analysis of the global Flavored Water Market Share, North America can dominate the global market. The regional market can secure nearly 39% share of the global market. Asia Pacific Flavored Water Market Share can register 8.1% CAGR in the forecast period. In Asia Pacific, MRFR identifies the rise in consumer focus on wellness and better health can support the growing demand for flavored water, thus can favor the regional market. The rise in prevalence of typical health problems among patient with ailments, such as; diabetes, obesity, and cardiovascular diseases, can influence the regional market in the near future. In Europe, the rise in consumption of flavored water and fall in sales of artificial carbonated drinks can promote the market rise. MEA market can grow at steady rate by 2024.
Key Players
PepsiCo, Inc. (US), Crystal Geyser Water Company (US), The Coca-Cola Company (US), Hint Inc. (US), The Kraft Heinz Company (US), Nestlé S.A. (Switzerland), Danone S.A. (France), Talking Rain Beverage Company (US), Keurig Dr Pepper (US), and Polar Beverages (US) are some active players that are studied by MRFR to gain insights into growth dynamics of the Global Flavored Water Market Share.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited), 99 Hudson Street,5Th Floor, New York, New York 10013, United States of America
Email: sales@marketresearchfuture.com