The Europe Flavored Water Market would witness market growth of 7.8% CAGR during the forecast period (2021-2027).
The growth of the flavored water market is a growing preference for flavored, functional, and healthy drinks. Consumers are displaying preference towards exploring unique beverages infused with fruits, herbs, other healthy ingredients. The market observed fast development during the COVID-19 pandemic because of the rising health concerns, with boosted demand for flavored hydration products equipped with the advantages of minerals and vitamins, particularly among health-conscious consumers with mid-to-high income levels.
Growing health awareness among consumers across the world is increasing the popularity of healthy alternatives to traditional food and beverages that they generally consume. Flavored and functional water is considered as one such healthy alternative; while flavored water refers to spring, bottled mineral, or purified water, functional water is its derivative with additional functional value in form of oxygen, vitamins, minerals, and botanicals.
Increasing consumption of bottled water which is incorporated with minerals like magnesium, potassium, and sodium, is acting as a catalyst for the growth of the European flavored water market. In addition to it, constant efforts by makers toward product development followed by promotional and marketing activities are fueling the market growth.
Moreover, players operating in this region are launching appealing and convenient packaging of the product, which is likely to create a positive outlook for the regional flavored water market. Players operating in the industry are adopting a strategy that displays popular ingredients in products that ignite consumer interest with a focus on wellness, and health. This allows a person to promote the benefits of the company’s products and enhance overall profitability while boosting the growth of the regional flavored water market.
The Germany market dominated the Europe Still Market by Country in 2020, thereby, achieving a market value of $504.2 million by 2027. The UK market is exhibiting a CAGR of 7.3% during 2021-2027. Additionally, The France market is poised to witness a CAGR of 9.7% during 2021-2027.
Based on Distribution Channels, the market is segmented into Supermarkets & Hypermarket, Convenience Stores, Online and Other Channels. Based on Product, the market is segmented into Sparkling and Still. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Flavored Water Market Size will Hit $24.9 Billion by 2027, at a CAGR of 8.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include PepsiCo, Inc., The Coca Cola Company, Otsuka Pharmaceutical Co., Ltd. (Crystal Geyser Water Company), Hint Water, Inc., Nestle S.A., The Kraft Heinz Company, Danone S.A., Keurig Dr Pepper, Inc., Polar Beverages, Inc., and Talking Rain Beverage Company.
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