The Latin America, Middle East and Africa Water Enhancer Market would witness market growth of 12.6% CAGR during the forecast period (2022-2028).
The market for liquid water enhancers is a good example of these developments, as the majority of newly released products advertise flavorings with no calories or are enriched with vitamins and other nutritional elements. Additionally, leading food and beverage businesses are including water enhancers into their product range in response to the ongoing rise in demand for them, which is anticipated to fuel the expansion of the liquid water enhancers market throughout the projected period.
Additionally, several small players have launched their products to take advantage of the business opportunities in the liquid water enhancers market as a result of the increasing demand for fortified and functional foods and beverages globally. This has helped to propel the market's growth in a positive direction over the forecast period. The idea of a liquid water enhancer was developed to appeal to consumers who find plain water boring but recognize the value of healthy, low- or no-calorie hydration. Customers may easily add a variety of flavors to bottled or tap water by squeezing in a few drops of the product, personalizing the beverage to their taste.
The Gulf Cooperation Council (GCC) nations, including the United Arab Emirates, have a developed travel and tourism industry. As a result, the region's hospitality industry is expanding, which is raising the demand for bottled water to be offered to tourists at food service establishments. Additionally, because of its high temperatures, the Middle East is one of the driest regions on earth. To meet the nation's increased demand for drinking water, the government of the United States of Arabia is boosting its investment in the creation of cutting-edge water technology and infrastructure.
The Brazil market dominated the LAMEA Water Enhancer Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $74.3 million by 2028.The Argentina market is experiencing a CAGR of 13.2% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 12.3% during (2022 - 2028).
Based on Product Type, the market is segmented into Non-Nutritional and Nutritional. Based on Distribution Channel, the market is segmented into Offline and Online. Based on Form, the market is segmented Liquid and Powder. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Water Enhancer Market is Predict to reach $4.5 Billion by 2028, at a CAGR of 9.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include PepsiCo, Inc., Nestle S.A., The Coca Cola Company, The Kraft Heinz Company, Keurig Dr Pepper, Inc., AriZona Beverages Company LLC, Mondelez International, Inc., 4C Foods Corp., and The Jel Sert Company.
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