Published Date: 14-Jul-2021
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According to a new report Global Flavored Water Market, published by KBV research, The Global Flavored Water Market size is expected to reach $24.9 billion by 2027, rising at a market growth of 8.1% CAGR during the forecast period.
Convenience stores are becoming a promising distribution channel for the market. With the increasing number of convenience stores, there has been a sharp increment in product sales with the help of this distribution in the past few years. The online distribution channel segment would be the fastest-growing segment during the forecast period. The growth of this sales channel is fueled by the services of competitive costs and hassle-free home delivery. Moreover, the huge penetration of the Internet around the globe would accelerate product sales through online platforms in the next few years.
The sparking product segment garnered the maximum revenue share of the flavored water market in 2020 and would grow with a major CAGR during the forecast period. The growth of this segment would be fueled by a surge in the demand for flavored bubbly and fizzy hydration items. The sparkling forms are highly preferred due to their fizz, taste, and health advantages. Various brands such as Nestle Pure Life provide a wide array of zero-sweetener and zero-calorie flavored items in various fruit flavors.
In 2020, North America emerged as the leading region of the global flavored water market and would exhibit a constant growth rate during the forecast period. Factors such as the increasing consumption of the product as a healthy alternative to other carbonated drinks are responsible for this growth rate. Various leading brands like bubbly, Perrier, AHA, Nestlé Pure Life, Talking Rain, Schweppes, and LaCroix are providing various types of products in the region. Therefore, the growth of the region is expected to fuel due to the higher availability of the product in comparison to other regions.
Full Report: https://www.kbvresearch.com/flavored-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, 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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