Flavored Functional Water Market Surges to US$ 27,281.72 Million by 2033 with a 6.2% CAGR, Riding on Refreshing Taste

functional water market set to surge at a 6.2% CAGR to $27,281.72 million by 2033 from $15,234.39 million in 2023. The growing preference for flavored functional water, with its refreshing taste and improved nutritional profile in flavors like lemon, berry, and lime, propels its rise.

The functional water market is anticipated to expand from US$ 15,234.39 million in 2023 to US$ 27,281.72 million in 2033.

Increased Consumption by Health-conscious Population to Drive Functional Water Market Growth

increased consumer awareness of plastics as non-biodegradable pollutants hurting the environment, increased demand for functional water due to its sustainability, and technological advancements in product packaging are the main factors driving the functional water market.

Increasing Water Intake See Our Special Sample Report to Find Out More About Functional Water’s Future :
https://www.futuremarketinsights.com/reports/sample/rep-gb-15569

Foods that mix flavour with health in a holistic way are highly preferred by millennials, and functional water now includes important nutrients like protein, amino acids, vitamins, and minerals. The market for functional water is expanding as a result.

Stricter plastic use laws, public preference for functional water because of the packaging used by many major firms, and growing consumer demand for fortified foods and beverages all have an impact on the functional water industry.

The causes that benefit the functional water business include government initiatives, an increase in the number of diabetic and obese patients, increasing investment in research and development activities, and a rise in disposable income. Additionally, throughout the projected period, technological advancements, the introduction of new products, and product improvements in packaging materials offer lucrative opportunities to companies in the functional water industry

Key Takeaways

  • The functional water market is expected to capture a CAGR of 6.2% during the forecast period 2023 to 2033.
  • Growing popularity of functional water among the working class and millennial population, as well as creative product advancements, are likely to improve and accelerate the market growth over the projection period.
  • North America dominated the functional water market.

Key Developments

  • October 2022 – CENTR Brands Corporation announced the addition of CENTR Enhanced, a non-CBD functional sparkling water, to its growing array of health and wellness products.
  • July 2022 – As a part of Flow Beverage Corp.’s most recent product launch, the Flow Vitamin-Infused Water range of products was offered to consumers in three new organic flavors: Cherry, Citrus, and Elderberry.
  • March 2022 – Nirvana Water Sciences Corp. introduced their Nirvana HMB + Vitamin D3 spring water as part of Expo West in Anaheim, California. Nirvana HMB + Vitamin D3 is one of the most recent additions to the repertoire. It provides both muscular rehabilitation and immunological support.
  • May 2021 – PepsiCo Inc., a renowned worldwide food and beverage business, introduced Soul boost, improved sparkling water produced with beneficial additives. The drink comes in two flavors: Lift and Ease. The Lift has 200 mg of ginseng, which aids in mental stamina, and Ease contains 200 mg of theanine, which aids in relaxation.
  • March 2021 – Nestlé S.A. announced the acquisition of Essentia Water, a premium functional water brand located in Washington. The company’s portfolio is being expanded to include international mineral and premium water brands, as well as healthy hydration products such as functional water.

Purchase these revolutionary goods to welcome the era of useful water and satisfy your desire for creativity :
https://www.futuremarketinsights.com/checkout/15569

Key Segments Profiled in the Market :

By Type:

  • Vitamin
  • Protein
  • Others

By Distribution Channel:

  • Specialty Stores
  • Supermarket/Hypermarket
  • Online Stores
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • The Middle East and Africa

Consult with Our Analysts for a Detailed Examination of Distribution Channels, Regional Trends, and Other Categories, Protein, and Vitamins :
https://www.futuremarketinsights.com/ask-question/rep-gb-15569

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

 Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these