Industry Analysis
· The functional water market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 4.50% in the forecast period of 2021 to 2028 and is expected to reach USD 6.20 billion by 2028.
· The wide-ranging Data Bridge market report covers an array of aspects of the market analysis which today’s businesses call for. This market document also defines a chapter on the global market and allied companies with their profiles, which provides important data pertaining to their insights in terms of finances, product portfolios, investment plans, and marketing and business strategies. This market research report is generated with a nice blend of industry insight, talent solutions, practical solutions and use of technology to advance user experience. An outstanding Data Bridge market report puts light on many aspects related to ABC industry and market.
Market Insights
Ø Functional water refers to aquaceutical which are non-alcoholic beverages similar to water possessing additional ingredients that increase functional benefits. They are known to offer both refreshment and taste. Most commonly found additives are fruits or vegetables, minerals, herbs and vitamins among others with the purpose of improving immunity and boost energy. Various ingredients are added to the water before it becomes functional water including raw fruits, vegetables and consumable acids among others.
Ø Additionally, the credible Functional Water Market report helps the manufacturer in finding out the effectiveness of the existing channels of distribution, advertising programs, or media, selling methods and the best way of distributing the goods to the eventual consumers. Taking up such market research report is all the time beneficial for any company whether it is a small scale or large scale, for marketing of products or services. It makes effortless for Food and Beverage industry to visualize what is already available in the market, what market anticipates, the competitive environment, and what should be done to surpass the competitor.
Industry Segmentation
The functional water market is segmented on the basis of type, ingredients and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the functional water market is segmented into vitamin, protein and others.
- On the basis of ingredients, the functional water market is segmented into botanical extracts, micronutrients and others.
- On the basis of distribution channel, the functional water market is segmented into supermarket/hypermarket, specialty store, online stores and others.
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Market Country Level Analysis
The countries covered in the global functional water market report are
Ø U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
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The major players covered in the functional water market report are
ü Danone, The Coca-Cola Company, PepsiCo, Keurig Dr Pepper, Inc., Trimino Protein Infused Water, NYSW Beverage Brands, Inc., Disruptive Beverages Inc., Vichy Catalan Corporation, AGUA MINERAL SAN BENEDETTO, S.A.U., Unique Foods (Canada) Inc., Keurig Green Mountain, Inc., Nestlé, Allure Organics, Tata Consumer Products, Alkaline88, LLC, Nirvana Water, Balance Trading Company, Hint Inc., SUNNYD among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately.
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