The Latin America, Middle East and Africa Enhanced Water Market would witness market growth of 14.6% CAGR during the forecast period (2020-2026). Consumers prefer to buy hydrated beverages due to their health advantages like better digestion & circulation and for improving their looks since proper hydration results in more clear and healthy skin.
These advantages would increase the consumption of electrolyte hydration drinks among health-conscious consumers. The growth of the enhanced water market would be fueled by the changing preferences of the young generation towards fitness and sports activities.
The lifestyles have witness a major change in the last few years as people are living in a rapidly developing world in terms of economy and society. The urban population of the world has increased quickly with changing lifestyle patterns. Due to this, the consumption pattern has also changed substantially around the world. The demand for enhanced bottled water would be fueled by the growing tour & travel industry, rising food & beverage sector, and growing disposable income of the people around the globe. On the other hand, the enhanced water market faces challenges due to the increasing utilization of plastic for packaging & scarcity of water.
The Brazil market dominated the LAMEA Offline Market by Country in 2019, thereby, achieving a market value of $178 Million by 2026. The Argentina market would witness a CAGR of 15.6% during (2020 - 2026). Additionally, The UAE market is showcasing a CAGR of 16.4% during (2020 - 2026).
Based on Product, the market is segmented into Flavored and Plain. Based on Distribution Channel, the market is segmented into Offline and Online. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Enhanced Water Market in LAMEA is expected to register a CAGR of 14.6% during the forecast period (2020-2026)
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, Keurig Dr Pepper, Inc., Constellation Brands, Inc. (Karma Culture LLC), United Breweries Limited (Penta Water), H2rose, LLC, Just Goods, Inc., Montane Sparkling Spring Water, Hint Water, Inc., and Supplying Demand, Inc. (Liquid Death Mountain Water).
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