Global Functional Water Industry 2024 Market Report; Launched via gminsights.com
Date: 2018-10-10   Author: Rahul Sankrityayan  Category: #market

Global Functional Water Industry 2024 Market Report; Launched via gminsights.com

Global Functional Water Market shall witness a significant growth owing to its increasing usage in food & beverages industry. Increase in aging population and obesity rate is major driving force for the product. Shift in customer preference from aerated & alcoholic beverages to healthy drinks will support industry development. It has extra oxygen and rich in vitamins, botanicals and minerals. It offers refreshment along with health and hydration. It provides several skin benefits too. Availability in various flavours and options has enhanced its demand. Urbanisation, increase in income level and pollution has increased the requirement of packaged drinking product. These factors are expected to propel the functional water market growth.

As per WHO, the number of obese children are expected to rise to 70 million in 2025. Along with increasing concern for obesity and diseases associated with it, consumer preference has changed towards low calorie drinks. In present scenario, health and wellness is a new trend. Consumers are inclining towards natural, clean and organic food. Aerated drinks contain phosphoric acid and caffeine that causes digestive problems and leads to weight gain. Companies in order to increase demand have linked it to health and beauty. These factors are anticipated to boost functional water market.

Ask for TOC of this report @ https://www.gminsights.com/request-toc/upcoming/1910

Functional water is even recognized as aquaceutical, is a non-alcoholic beverage similar to water having additional ingredients that increase functional benefits. It provides both refreshment and taste. Some common additives are vitamins, acids, minerals, herbs and fruits or vegetables. It helps in improving immunity and boost energy. Shift in preference from carbonated and high sugar beverages, will drive demand for functional water market.

Major restraint for functional water market is its variation in cost. Generally, consumers prefer simple packaged or plain liquid and further, availability of numerous health drink alternatives and less demand in niche soft drink sector reduces demand of the product. Customer’s bargaining power has increased due to availability of abundant alternatives and low switching costs. Increasing protests against packaged bottles along with rise in environmental conservation will negatively impact the functional water market growth.

On the basis of packaging, functional water market is classified as PET bottle, glass bottle and others including cans & pouches. PET bottle is major shareholder owing to its versatility, attractiveness, light weight, recyclable nature and ease in transportation. Advancement in technology is expected to reduce overall production cost, bringing flexibility for different shapes. Glass bottles are heavy weight and non-recyclable and its use glass increases the cost of product. Cans and pouches are used for small quantity of product.

Based on distribution channel, functional water market is classified into supermarket stores, department stores, grocery and online retailers. Super or hypermarkets are having major share owing to growing customer’s comfortability to visits stores. Increase in online sale up to 10% with presence of a better online platform, discount offers and ease in delivery will drive industry demand. Department and grocery stores have substantial share owing to their local presence.

Inquiry before buying @ https://www.gminsights.com/inquiry-before-buying/1910

Europe is major shareholder due to healthy eating habits. Germany, Italy and France have substantial penetration in functional water market due to improved living standards. North America, led by the U.S. has significant share that can be attributed to rising obesity in children and young generation in the region.

Asia Pacific functional water market is projected to grow at substantial rate owing to increase in disposable income, rising urban population and changing eating habits. Latin America and Middle East have significant share with sophisticated lifestyle and rapid urbanisation.

Key players of functional water market are PepsiCo, Coca Cola, Dr Pepper Snapple, Nestle, Group Danone, Hind, Sunny Delight Beverages and Kraft Foods. Companies are adding vitamins and natural sweeteners to enhance the quality of product. Nestle has signed an agreement with Yinlu Foods to increase its industry in China. This agreement would help Nestle to integrate Yinlu’s customer understanding and entrepreneurship with its innovation capability.

What Information does this report contain?

Historical data coverage: 2013 to 2016; Growth Projections: 2017 to 2024.

Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.

6-7 year performance forecasts: major segments covering applications, top products and geographies.

Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.



About Author


Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for AlgosOnline, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in t...

Read More

More from Rahul


Post Recommendents

Carotid Stents Market to witness high growth in near future
Author: Partha Ray

Global Carotid Stents Market analysis report speaks about the manufacturing process. Global Carotid Stents market report analyses the market growth, trends, overview & forecast to 2023.The report covers key technological developments in the re...


Global Cardiovascular Training Equipment Market Size, Analytical Overview, Growth Factors, Demand, Trends and Forecast to 2023
Author: Partha Ray

The Global Cardiovascular Training Equipment Market 2018-2023 Renders deep perception of the Market Segment by Regions market status of the Cardiovascular Training Equipment on a global level that primarily aims the core regions which comprises of...


Cardiovascular Implants Market Overview with Detailed Analysis, Competitive landscape, Forecast to 2023
Author: Partha Ray

Global Cardiovascular Implants Market Size 2018-2023 report provide emerging opportunities in the market and the future impact of major Key vendors and Market driver and, support decisions in making cost-effective business decisions. The market re...