![]() In addition, the functional components of water reduce cholesterol and address cardiac and calcium absorption. Cargill Inc., a food and beverage manufacturer has developed a variety of functional water ingredients, such as natural, calorie-free sweeteners and cholesterol-lowering agents. The supply of contaminated water from industry and many other sectors has increased the demand for bottled water, including flavored and functional water. Also, non-aerated drinks, like functional water have various nutritional benefits. In addition, the increase in consumption bases and the growing demand in various regions of the Americas will contribute to the growth of the worldwide market. As obesity and related health problems increase in the United States and health awareness increases, consumers will be encouraged to choose flavors that are rich in minerals, vitamins, and natural flavors and that feel naturally healthy. ![]() Rapid urbanization and increasing disposable income stimulate people around the world to become more interested in their health, allowing them to consume more flavored water. As a result, flavor and functional water products are becoming increasingly important to consumers.Ĭarbonated beverages, such as cola and other drinks contain carbon dioxide and have various side effects, such as weight gain due to high calories, diabetes, high blood sugar load, etc. Preservatives, pigments, caffeine, and carbonate are not included in this water. The commonly available flavor and functional aqueous products include mixed flavors, cherry, guava, lemon, peach, and apple. It is currently offering an increase in flavored water and is expected to continue in the near future. As China's industrialization erupted, demand for bottled drinking water increased due to the supply-demand. This will continue to affect markets in developing countries during the forecast period. Manufacturing companies are linking water to their health and beauty regimes to identify the right market. This is expected to be an important factor that will have a positive impact on market growth. Tasty and functional water is a bit expensive, but these days, when income levels rise, people can ingest premium products like this water, especially in this developing country. When a variety of flavors and options are available in functional flavors and waters, it will spur market growth as consumers try new flavors and prefer the best. The number of functions is particularly attractive due to the health benefits and reduced exchange costs because the price is almost the same as the price of the perfume. Natural flavors are becoming more popular as consumer health problems inhibit the consumption of artificial flavors and soft drinks. Increased obesity prevalence and awareness of the healthy lifestyles are expected to continue to be a major driver of growth in the global flavored water market. Sunny Delight Beverage Company, Hint Water, Kraft Foods, Balance Water Company, Nestle Water, Herbal Water, PepsiCo, The Coca-Cola Company, Groupe Danone, New York Spring Water and Others. North America, Europe, APAC, Latin America, Middle East & Africa Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities With a growing interest in health and consumer awareness, demand has shifted from carbonated or artificial soft drinks to healthy alternatives, including flavored and functional water. ![]() February 2020: BLNCD Naturals, Minnesota's leading CBD health and wellness brand, entered the beverage industry by teaming up with Big Watt Coffee and introducing three exciting flavors of CBD sparkling water.In January 2018, the JUST Beverage Company propelled seasoned water, for example, natural apple cinnamon, natural lemon, and natural tangerine.Recent Developments in Flavored Water industry: Flavored water could be bottled water, purified water, or spring water, while functional water is a derivative with added functional value in the form of minerals, vitamins, and nutrients. As health awareness increases among consumers around the world, healthy alternatives to commonly consumed foods and drinks are growing in popularity. It mainly focuses on images related to health and functional benefits. However, it excludes ingredients, such as artificial flavors, vitamins, sweeteners and others. Increased consumer interest in wellness and emerging markets will provide opportunities for this market.įlavored water belongs to the category of beverages that are sold similarly to water. The global Flavored Water Market size was calculated at USD 17.2 billion in 2022, and it is determined to reach USD 36.7 billion by 2028 at a CAGR of 11.5% during the anticipated period. Flavored Water Market Size, Growth, Forecast (2023-2028)
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