The global functional water market size was valued at USD 10.34 Billion in 2017 and is projected to reach USD 18.24 Billion by the end of 2025, exhibiting at a CAGR of 7.4% in the forecast period. The market is anticipated to be dominated by mass merchandisers including both supermarkets and hypermarkets among key distribution channels. A considerable variety of functional water is often made available by mass merchandisers. Besides this, they offer better distribution and accessibility than other physical stores. In addition to this, economic pricing and bundling strategy are also adding a boost to the global market for functional waters.
List of companies profiled in the report:
Fortune Business Insights foresees North America to dominate the global market for functional waters. This is because of the rapid growth and expansion of the market in the U.S. Currently, bottled water sales rate has exceeded soft drinks and this is further propelling the players in the market to invest more and expand their functional offerings.
On the other hand, the functional water market in Asia Pacific is anticipated to witness significant growth in the forecast period. This is owing to the specialty offerings and rising awareness about the benefits of functional water. Therefore an increasing number of consumers are choosing functional waters, in turn, enabling growth in the overall market. Due to the rising health concerns and running trend of healthy eating and healthy living, consumers are more inclined towards taking alternatives for soft drinks and carbonated drinks.
Browse Complete Report Details:
https://www.fortunebusinessinsights.com/industry-reports/functional-water-market-100279
Functional water comes under non-alcoholic beverages and offers several health benefits. The change in food and beverage consumption habits and a rising preference for food and drinks with low sugar and no carbonated content are anticipated to boost the global market. Against this backdrop, it can be said that increasing health consciousness among consumers will stoke the demand in the market.
The rising prevalence of obesity, which often leads to other health complications such as diabetes, liver problems, cardiac problems, and others will fuel the demand for functional water in the coming years.
Read More in this Press Release:
https://www.fortunebusinessinsights.com/press-release/functional-water-market-9097
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List of companies profiled in the report:
- Balance Water Company LLC
- PepsiCo
- Nirvana Water
- The Coca-Cola Company
- The Alkaline Water Co.
- Groupe Danone
- Tata Global Beverages
- Dr Pepper Snapple Group Inc.
- Allure Organics
- Nestle S.A
"Asia Pacific to Exhibit Fastest Growth Backed by Rising Awareness about Healthy Lifestyle and Food Habits"
Fortune Business Insights foresees North America to dominate the global market for functional waters. This is because of the rapid growth and expansion of the market in the U.S. Currently, bottled water sales rate has exceeded soft drinks and this is further propelling the players in the market to invest more and expand their functional offerings.
On the other hand, the functional water market in Asia Pacific is anticipated to witness significant growth in the forecast period. This is owing to the specialty offerings and rising awareness about the benefits of functional water. Therefore an increasing number of consumers are choosing functional waters, in turn, enabling growth in the overall market. Due to the rising health concerns and running trend of healthy eating and healthy living, consumers are more inclined towards taking alternatives for soft drinks and carbonated drinks.
Browse Complete Report Details:
https://www.fortunebusinessinsights.com/industry-reports/functional-water-market-100279
"Rising Obese Population and their Preference Towards Functional Water Identified as A Major Driver for Market"
Functional water comes under non-alcoholic beverages and offers several health benefits. The change in food and beverage consumption habits and a rising preference for food and drinks with low sugar and no carbonated content are anticipated to boost the global market. Against this backdrop, it can be said that increasing health consciousness among consumers will stoke the demand in the market.
The rising prevalence of obesity, which often leads to other health complications such as diabetes, liver problems, cardiac problems, and others will fuel the demand for functional water in the coming years.
Read More in this Press Release:
https://www.fortunebusinessinsights.com/press-release/functional-water-market-9097
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