Market Overview

Global Functional Water Market Growth & Trends - Forecast to 2023: CAGR to Grow at 8.5% with Eye-Catching PET Bottles Gaining a Majority Share in Volume - ResearchAndMarkets.com

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The "Global
Functional Water Market - Growth, Trends, and Forecast (2018 - 2023)"

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The functional water market is poised to register a CAGR of 8.5% during
the forecast period. Health and wellness trends and increasing consumer
demand are driving competitiveness in the market. Refreshment and taste
are the major motives boosting the growth of the market.

Health & Wellness Poised to Become a Trillion Dollar Industry

Health and wellness are the new trends in the 20th and 21st century, and
marketing heads have captured this trend to efficiently implement the
strategies on specific products. Categories, such as digital fitness and
healthy foods are high exponential growth markets. The trends of
natural, clean-label and organic food are driving the market in the food
sector. The growing awareness about the products consumed and buzz of
weight management foods have also helped enhance the market demand.

Eye-Catching PET Bottles Gain a Majority Share in Volume

Ease of carrying and recyclability are the major factors driving the
sales of PET functional waters. New packing technologies and the
introduction of different shapes of bottles are enhancing the sales of
the market in this category.

Europe Leads the Functional Water Market

Europe is a key region that has healthy eating habits. The consumption
patterns in this region are shifting towards healthy and weight
management ingredients. As functional waters contribute to the same, the
region stands at the top position. However, the preference of consumers
has been shifting from sugar and carbonated beverages to functional
beverages. The same trend is expected to continue during the forecast
period and is expected to drive the market with a CAGR of 6.2%.

Key Topics Covered

1. Introduction

2. Market Insights

3. Market Dynamics

4. Market Segmentation

5. Regional Market Analysis

6. Competitive Landscape

7. Company Profiles

  • Balance Water Company
  • Danone Group
  • Dr. Pepper Snapple Group Inc.
  • Function Drinks
  • Herbal Water
  • New York Spring Water
  • PepsiCo
  • San Benedetto
  • The Coca-Cola Co.
  • Trimino Brands Company LLC
  • Unique Foods Canada
  • Vichy Catalan Corporation
  • Vitamin Well AB

For more information about this report visit https://www.researchandmarkets.com/research/t3whhc/global_functional?w=4

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