Published Date: 31-Jul-2022
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According to a new report, published by KBV research, The Global Water Enhancer Market size is expected to reach $4.5 billion by 2028, rising at a market growth of 9.3% CAGR during the forecast period.
The Nutritional segment is showcasing a CAGR of 9.8% during (2022 - 2028). Specially prepared beverages are called nutrition drinks as they offer vitamins, minerals, fatty acids, and other essential ingredients yet some of the water enhancers also provide various nutrition values. These drinks are portable and convenient, providing advanced nutrition even for those who are unable or unable to eat meals. They are available in a variety of consistencies, tastes, and nutrient profiles to suit a range of dietary requirements and lifestyles.
The Offline segment acquired maximum revenue share in the Global Water Enhancer Market by Distribution Channel in 2021 thereby, achieving a market value of $3.5 billion by 2028. Products are sold through convenience stores, specialty shops, hypermarkets, and supermarkets in the offline distribution channel. Consumers prefer to buy groceries from brick-and-mortar stores because they are more readily available and easy to obtain.
The Powder segment has shown the growth rate of 10.8% during (2022 - 2028). It is due to their long shelf life, powder-based water enhancers are also popular among gym-goers, which fuels the market for powder-based water enhancers. The growing popularity of nutritional powders among gym-goers also drives demand for powdered water enhancers, growing the segment. The increased focus of new players on powdered form water enhancers, like Nunn and Dyla LLC, is one of the main drivers of segment growth.
The Europe market dominated the Global Water Enhancer Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.8 billion by 2028.The North America market is exhibiting a CAGR of 8.9% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 10% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/water-enhancer-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., 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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By Distribution Channel
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