Flavored Water Market Size Outlook Top Key Players | Industry Growth, & Forecast 2030
Flavored Water Industry Overview
The Flavored Water Market is estimated to achieve a
10.0% CAGR between 2022-2030, increasing from USD 16.61 billion to USD 32.36
billion during the forecast period.
The Flavored Water Market Size 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.
Flavored Water Segment Study
The global Flavored Water Market Overview is based on packaging type, type, and
distribution channel.
The type-based segments of the flavored water market
are still and carbonated. The carbonated segment can dominate the worldwide flavored
water market 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 are bottles, and cans among others. The bottles segment can garner
decent market share of the worldwide flavored water market 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.
The distribution channel-based segments of the
flavored water market are convenience stores, store-based, and non-stored based
among others. The store-based segment consists of convenience stores, and
supermarkets & hypermarkets among others. The store-based segment can
acquire larger revenue the market, as the supermarkets & hypermarkets
sub-segment can thrive. The expansion of the retail sector can drive the segment
growth. The non-store-based segment can surge at considerable CAGR across the
forecast tenure.
Regional Analysis
As per geography analysis of the global market, North
America Flavored Water Market can dominate the global market. The regional
market can secure nearly 39% share of the global market. Asia Pacific flavored
water market 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.
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