Published Date: 21-Apr-2021
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report Global Enhanced Water Market, published by KBV research, The Global Enhanced Water Market size is expected to reach $10.7 billion by 2026, rising at a market growth of 13.5% CAGR during the forecast period.
Plain enhanced water would display a promising growth rate during the forecast period. These products are developed as a substitute for regular water in the day-to-day diet as they are consumed among consumers who suffer from allergies associated with the consumption of any particular flavor.
The offline segment garnered the prominent revenue share of the global enhanced water market in 2019. Chemist shops, hypermarkets & supermarkets, drug stores, pharmacies, and retail channels in airports, hotels, and cinemas have come under the domain of offline distribution channels. One of the favorable factors for the market is the high product visibility across retail outlets like Safeway, Target, Walmart, CVS Health, and Walgreens.
North America has dominated the market in 2019. Asia-Pacific is the highest growing market for enhanced water and would display a considerable growth rate during the forecast period. The regional market would be boosted by the rising preferences of the young generation in high-intensity exercises & workout. In addition, enhanced water gained immense popularity as compared to sports & carbonated drinks, thereby increasing its sales. This is due to the growing preference for cleaner, stimulant-free, & chemical-free drinks among consumers.
Full Report: https://www.kbvresearch.com/enhanced-water-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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).
By Distribution Channel
Unique Offerings from KBV Research