(Food-Beverage-News.Com, March 14, 2018 ) The report " Flavored Water Market By Product Type (Flavored Water And Functional Water) And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)", The Global Flavored Water Market is valued at USD23 billion in 2016 and expected to grow at a CAGR of 9.7%, to approach USD36.54 billion by 2021. The increasingly hurried lifestyle among the population and the demand for readymade nutrient supplements promote the groeth of the market.
By type, Functional Waters segment to flourish at a higher rate in recent future
By type, the global Flavoured Water market is segmented into Flavoured Water and Functional Water. Functional Water is made by adding nutrients and minerals along with added flavours to normal water. Hence, the demand for nutrient supplements by sportspersons, athletes and active people worldwide is portrayed to be behind the projected high growth rate of the Functional Water segment. Increasing health consciousness among the global population is the main reason behind the expanding scope of the
Cancer prevention agents are also used as additives in the manufacture of some kinds of flavoured waters. Added health benefits of these flavoured and functional waters promote the shift of people's preference from the unhealthy alternatives like carbonated soft drinks.
Europe and North America dominate the global Flavoured Water market
Geologically, the global Flavoured Water market is studies under North America, Europe, Asia-Pacific, Latin America and Middle East Asia regions. With growing economies like the U.S., Germany, Italy and France, North America and Europe provide the largest market share in the global market. Asia Pacific and Middle East Africa regions possess huge market potential owing to the reactively untapped markets in countries like India and China.
The key players in the competition presently are The Coca-Cola Company, Hint Water, Kraft Foods, Balance Water Company, PepsiCo, Nestle Water, Herbal Water, and Groupe Danone, New York Spring Water and Sunny Delight Beverage Company are the leaders in the global Flavored Water market.
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