Flavored Water Market to Garner $31.26 Bn, Globally, by 2030 at 5.5% CAGR: Allied Market Research

News provided by

Feb 02, 2022, 08:20 ET

PORTLAND, Ore., Feb. 2, 2022 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Flavored Water Market by Type(Sparkling Water, Functional Water, and Still Water), Flavor (Lemon, Watermelon, Strawberry, Orange, and Others), Packaging (PET Bottles and Cans),and Sales Channel (Hypermarkets/Supermarkets, Convenience Stores, Online Channels and Others): Global Opportunity Analysis and Industry Forecast 2021–2030."As per the report, the global flavored water industry was accounted for $17.78 billion in 2020, and is expected to reach $31.26 billion by 2030, growing at a CAGR of 5.5% from 2021 to 2030.

Major determinants of the market growth

Addition of new flavors and product varieties to flavored water, fortifying flavored water with minerals, alkaloids, and antioxidants, and robust branding and advertising by market playershave boosted the growth of the global flavored water market. However, rise in availability of alternatives anddental problems due to the usage ofadditives and sweeteners in flavored waterhinder the market growth. On the contrary, emergence of online shopping and eco-friendly packaging of flavored water are expected to open new opportunities in the future.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/15734

Covid-19 scenario:

Rise in health awareness due to outbreak of Covid-19 has changed the food and beverage consumption pattern of the consumers. The demand for healthy food and beverages products increased in the market.
The fear of shortage of potential food and beverage products among consumers has improved the hoarding trend. Due to disrupted supply chains, the market players were not able to fulfill the growing market demand.
However, the global vaccination campaign and lockdown techniques to limit the virus's transmission are anticipated to help the market recover and reclaim its place in the beverage industry.

The sparkling water segment to dominate by 2030-

By product type, the sparkling water segment accounted for more thanthree-fourths of the global flavored water market share in 2020, and is anticipated to retain its dominance throughout the forecast period. This is owing to the wide availability of flavored water in the market, high market penetration, and refreshing taste offered to the consumers. The functional water segment, however, would showcase the fastest CAGR of 6.2% by 2030.

The lemon segment held the highest share in 2020-

By flavor, the lemon segment contributed to nearly one-fourth of the global flavored water market revenue in 2020, owing to its refreshing tangy taste and its wide availability. At the same time, the watermelon segment would cite the fastest CAGR of 5.7% by the end of 2030. The report also includes strawberry and orange segments.

North America to lead the trail in terms of revenue-

By geography, North America garnered the major share in 2020, contributing to more thantwo-fifths of the global flavored water market. This is due to the rising awareness and increase in marketing activities in developing nations such as U.S., Mexico, and Canada. Simultaneously, the Asia-Pacific region would manifest the fastest CAGR of 7.4% throughout the estimated period.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/15734

Leading market players

Danone SA
New York Spring Beverage, Inc.
Harvest Hill Holdings, LLC
Nestle SA.
Disruptive Beverages, Inc.
Keurig Dr. Pepper, Inc.
Hint, Inc.
National Beverage Corporation
Miami Bay Beverage Company, LLC
The Coca Cola Company
Frozen Garden, LLC.
Spindrift Beverage Co., Inc
Pepsico, Inc.
Unique Foods (Canada), Inc.

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

UHT Processing Market: Global Opportunity Analysis and Industry Forecast 2021–2030

Kvass Market: Global Opportunity Analysis and Industry Forecast 2021–2030

Duty-Free Liquor Market: Global Opportunity Analysis and Industry Forecast 2021–2027

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research