Market Overview
The Functional Water market has been thoroughly examined by Maximize Market Research. This research has identified all of the leading companies and factors in the market based on several metrics such as volume, share, growth, strategies, and so on. The research goes on to look at the elements that influence market growth. The paper also identifies and states the trends affecting growth. Other considerations discussed in the research include risks and problems faced by numerous players.
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Report Scope
MMR's research is a thorough examination of the Functional Water market; it also identifies all of the top companies in the global market based on variables such as volume, share, strategies, and growth. The research also includes tactics for both existing industry participants and those looking to enter the market. The summarization is predicted to aid and boost their market standing.
Segmentation:
According to the research analysis of the MMR report, the overall functional water market is segmented by product type, distribution channel, and region. In 2021, the flavored functional water sector will hold the largest share of the overall market as functional water with many flavors common to all age groups is on the rise. Based on product type, the functional water market is segmented into vitamins, proteins, and others. In 2021, the vitamin segment held the largest share of the overall market due to the nutritional properties and low sugar content of vitamin functional water.
Based on distribution channel, the specialty retail sector accounted for the largest share in 2021. This is because specialty stores offer their customers high product requirements in terms of facilities and details, as well as professional management. The rapid demand for energy-giving beverages is due to the fact that many functional beverages contain essential ingredients such as proteins, amino acids, vitamins and minerals. An overview of new advanced types of functional waters from beverage industry companies involved in the production of water from customized mixtures of proteins and minerals is expected to determine the growth of the market.
Rising obese and diabetic populations in the US, China, India, Australia and the UK have shifted the focus from carbonated beverages to bottled water, especially in the last few years. An MMR survey found that 47% of consumers prefer foods with added nutrients. Therefore, this factor is expected to boost the development of the market. As consumers focus on proper nutrition first during the pandemic, they may opt for healthier beverages and show an affinity for vitamin- and mineral-rich functional waters. Hence, the coronavirus pandemic has presented a wide range of opportunities for the functional water market during the forecast period. Also, online retail channels are likely to achieve a higher development rate than conservative distribution channels such as supermarkets and specialty stores in terms of functional water revenues during the forecast period.
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Questions Answered In The Report:
- What is the market size and forecast of the Global Functional Water market?
- What are the factors affecting the market?
- Impact of COVID-19 on the global market?
- What are the market trends and strategies?
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Global Functional Water Market Key Players
• The Coca-Cola Co.
• PepsiCo, Inc.
• Balance Water Company
• Danone SA
• Dr. Pepper Snapple Group Inc.
• Function Drinks
• Trimino Brands Company LLC
• Herbal Water
• San Benedetto
• Unique Foods(Canada)
• Bridgepoint Group plc
• Disruptive Beverages Inc.
• Nestle SA
• NYSW Beverage Brands Inc.
Functional Water Market Regional Analysis
The global level report for Functional Water market provides the detailed region wise share distribution along with the demand growth factors in that particular region.
The following is the basic structure that how and what regions are explained in the report.
Based on the regions the market is studied across
- Europe(France, Italy, Russia, UK, Turkey and Germany etc.).
- Asia-Pacific (Vietnam, Malaysia, Korea, Philippines, Thailand, , China, Australia, Indonesia, and India, Japan).
- Africa and the Middle East (Egypt and GCC Countries.).
- North America(Canada, the United States, and Mexico.).
- South America(Brazil etc.).
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