Market Overview
According to the experts, the global Flavored Water Market is going to reach up to 29.2 million during the forecast period 2021-2028. The estimated CAGR for the market is around 10%.
The flavored water market is experiencing a surge in popularity as more people are looking for healthier alternatives to sugary drinks. This market has grown rapidly in recent years as demand for natural, healthier, and more flavorful beverages has increased.
Flavored water is a type of beverage that is created by infusing water with natural flavors, herbs, and fruits. It is lower in sugar than sodas and other sugary drinks, making it a healthier option for people looking to cut back on sugar and calories.
The flavored water market is expected to continue to grow in the coming years, due to the increasing demand for healthier beverage options. Consumers are increasingly looking for natural flavors, and flavored water is a great way to add a twist without the added sugar and calories.
Flavored water is also becoming a popular choice for those looking for a convenient and healthy grab-and-go drink. This type of beverage is available in many varieties, including unsweetened, lightly sweetened, and sugar-free options.
Manufacturers are also increasingly offering flavored waters in eco-friendly packaging, such as aluminum cans and bottles, which are recyclable and reduce the environmental impact of these beverages.
Market Segmentation
The Flavored Water Market research is segmented on Type, Packaging type, and Distribution Channel.
Based on Type the market is divided into Carbonated and Still.
Based on Packaging type the market is divided into bottles and cans.
The Flavored Water Market has further segmented into Store-based products and non-store-based products. The store-based products include supermarkets, hypermarkets, convenience stores, and online stores.
Regional Classification
Based on region the Flavored water Market is divided into North America, Europe, Asia, South America, and Africa.
North America is the dominating region in this market with a 37% share in 2021 due to the increasing use of healthy alternatives to carbonated beverages.
The fastest-growing market will be the Asia-Pacific due to the flood of wellness concerns among individuals and a growing interest in sweet, carbonated soda pops.
Buyers are increasingly avoiding carbonated baking soda and a variety of beverages and settling on better options. One of the fastest-growing patterns in the growing water market is the growing notoriety of wine water, considering that various companies usually offer ripe water that strengthens the cells associated with red wine without any sugar, alcohol, or calories.
Key Players
Key flavored water market players profiled in the global report include Polar Beverages (US), Talking Rain Beverage Company (US), Keurig Dr Pepper (US), Danone SA (France), The Kraft Heinz Company (US), Nestlé S.A. (Switzerland), Hint Inc. (US), Crystal Geyser Water Company (US), The Coca-Cola Company (US), and PepsiCo, Inc. (US).
Industry News
The Key Players in the Flavored water market Report enhance the market growth by adopting various development methods, such as mergers and acquisitions and the delivery of new items, to further strengthen their foothold. For example, PepsiCo Inc. shipped five new jazz glasses of water under its bubbly image in February 2021.
The Coca-Cola Company is one of the central members working around the globe that enhance the Flavored Water Market Growth.
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