Global Flavored Water Market is predicted to reach USD 32.36 billion at a CAGR of 10% during the forecast period:
Market Research Future (MRFR) has published a cooked research report on the “Global Flavored Water Market” that contains information from 2022 to 2030. The Global Flavored Water Market is estimated to register a CAGR of 10% during the forecast period of 2022 to 2030.
MRFR recognizes the following companies as the key players in the Global Flavored Water Market— Nestle, Talking Rain, PepsiCo Inc., The Coca-Cola Company, Hint Inc., Spindrift, National Beverage Corp., Sanpellegrino S.P.A., and Keurig Dr Pepper Inc.
Flavored Water Market Highlights
The Global Flavored Water Market is accounted to register a CAGR of 10% during the forecast period and is estimated to reach USD 32.36 Billion by 2030.
The Global Flavored Water Market refers to the worldwide industry that encompasses the production, distribution, and consumption of flavored water products. Flavored water is a beverage category that involves the infusion of various natural flavors, such as fruits, herbs, and botanicals, into water to enhance its taste and appeal. This market includes a wide range of flavored water products, including still (non-carbonated) and sparkling (carbonated) varieties, often marketed as a healthier alternative to sugary sodas and other high-calorie beverages.
Factors driving the market's growth include increasing health-consciousness among consumers, concerns over high sugar intake, and a shift towards more natural and functional ingredients in beverages.
Segment Analysis
The Global Flavored Water Market has been segmented based on type, packaging and sales channel.
On the basis of type, the market is segmented into Carbonated and Still. Carbonated segment is dominants the market. The main cause of the growth in demand for sugar-free carbonated beverages is the rising incidence of obesity and high blood sugar levels in the general population
Based on packaging, the market has been segmented into Bottles and Cans. The market for PET bottles has made excellent strides due to the introduction of technological breakthroughs.
Based on sales channel, the market has been segmented into Store-Based and Non-Store-Based. The category based on stores is expected to increase at the fastest rate. The supermarkets and hypermarkets category had the highest revenue share. Due to the shopping experience, most consumers purchase bottled water from supermarkets and hypermarkets.
Regional Analysis
The Global Flavored Water Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Flavored Water Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Flavored Water Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Global Flavored Water Market comprises of Middle East, Africa, and Latin America.
North America has been a significant market for flavored water, driven by increasing consumer awareness of health and wellness, leading to a shift away from sugary beverages. Rising concerns over obesity and sugar consumption have encouraged consumers to opt for low-calorie and naturally flavored alternatives, boosting the demand for flavored water.
European consumers have also displayed a preference for healthier beverage choices, contributing to the growth of the flavored water market. Government initiatives to reduce sugar consumption, coupled with changing consumer preferences and regulatory pressures, have driven the popularity of flavored water.
The Asia-Pacific region has experienced a surge in demand for flavored water due to urbanization, increasing disposable incomes, and a growing awareness of health issues. Flavored water has gained traction in markets like China, India, and Southeast Asian countries, where consumers are seeking healthier alternatives to traditional sugary drinks.
Furthermore, the rest of the world's Global Flavored Water Market is divided into the Middle East, Africa, and Latin America. Latin America has shown potential for growth in the flavored water market due to a rising middle class and shifting consumer preferences. Economic factors and access to clean drinking water can impact the adoption of flavored water in some regions within Latin America.
Key Findings of the Study
- The Global Flavored Water Market is expected to reach USD 32.36 Billion by 2030, at a CAGR of 10% during the forecast period.
- The Asia-Pacific region has experienced a surge in demand for flavored water due to urbanization, increasing disposable incomes, and a growing awareness of health issues.
- Based on type, the market is segmented into Carbonated holding the largest market in 2022.
- Nestle, Talking Rain, PepsiCo Inc., The Coca-Cola Company, Hint Inc., Spindrift, National Beverage Corp., Sanpellegrino S.P.A., and Keurig Dr Pepper Inc.
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Companies Covered | 15 |
Pages | 150 |
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