FunctionalWater Market Size And Forecast
FunctionalWater Market size is growing at a faster pace with substantial growth ratesover few years and is estimated that the market will grow significantly in theforecasted period i.e. 2021 to 2028.

The shift in consumer preference for healthy beverages is helping to drive theglobal Functional Water Market forward. The classification of water as abalanced diet is a powerful factor driving the industry forward. The globalFunctional Water Market is predicted to increase significantly due to thegrowing demand for plant-based products. The Global Functional Water Marketreport provides a holistic evaluation of the market. The report offers acomprehensive analysis of key segments, trends, drivers, restraints,competitive landscape, and factors that are playing a substantial role in themarket.

GlobalFunctional Water Market Definition
Functionalwater is a non-alcoholic beverage that contains additional substances such asminerals, vitamins, acids, herbs, and other additives to enhance the flavor ofregular water and provide additional health benefits. Vitamins and minerals areprovided by the additional ingredients, which help to revitalize the body. Italso aids in the maintenance of the body’s pH level. Functional water is agreat drink for people who exercise a lot and sweat a lot since the extraelectrolytes in the water keep the body’s electrolyte levels in check.Functional water is noted for having a low or no-calorie content, making it ahealthier alternative to sugary and fizzy beverages.

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GlobalFunctional Water Market Overview
Oneof the most important aspects of functional water that is expected to promotethe industry’s growth is sustainable. Consumers of functional water areconcerned about the safety of their surroundings since reports suggest thatplastics are non-biodegradable pollutants whose presence has a negative impacton the ecosystem. Plastics manufacturers are being pushed to find new and novelmaterials to package their products as a result of government rules. Thepackaging utilized by several top corporations can occasionally draw customersto the functional water industry.

Furthermore,in a few years, rising consumer demand for fortified foods and beverages isexpected to fuel an increase in demand for functional water. As the globalnumber of diabetes and obesity patients grows each year, sales are predicted toskyrocket, posing a serious threat to the global community. As consumers havemoved away from carbonated soft drinks and toward packaged water, countriessuch as the United States, the United Kingdom, China, India, and Australia haveboosted their production of functional water.

However,the price of PET bottles used to package functional water is predicted to risethroughout the forecast period, hampering the global Functional Water Marketexpansion. Additionally, the COVID-19 pandemic provided more prospects for theFunctional Water Market.

GlobalFunctional Water Market Segmentation Analysis
TheGlobal Functional Water Market is Segmented on the basis of Type, DistributionChannel, And Geography.

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FunctionalWater Market, By Type
•Vitamins and Minerals
• Herb Infused
• Fruit or Vegetables Infused

Onthe basis of Type, this market is segmented into Vitamins and Minerals, HerbInfused, and Fruit or Vegetables Infused.

FunctionalWater Market, By Distribution Channel
•Supermarket or Hypermarket
• Specialty Store
• Online Store

Onthe basis of Distribution Channel, this market is segmented intoSupermarket/Hypermarket, Specialty Store, and Online Store. Online retailchannels will increase at a faster rate than traditional distribution channelssuch as supermarkets and specialty stores over the projection period.

FunctionalWater Market, By Geography
•North America
• Europe
• Asia Pacific
• Rest of the world

Onthe basis of Geography, the Global Functional Water Market is classified intoNorth America, Europe, Asia Pacific, and the Rest of the world. Geographically,Europe is predicted to dominate the worldwide Functional Water Market becauseits total revenue and market volume are greater than those of other regions.The number of consumers in the region is increasing, which is expected to helpthe business thrive. The pharmaceutical and beverage industries are drivingdemand in North America, which is the second-largest market. As the world’spopulation grows, Asia Pacific is expected to be the fastest-growing market.Consumer disposable income has increased in emerging economies such as China,India, and Japan, which is expected to fuel the expansion of the FunctionalWater Market throughout the forecast period.

KeyPlayers
The“Global Functional Water Market” research report will offer important insight intothe global market, with a focus on prominent players such as The Coca-Cola Company, PepsiCo, DanoneGroup, Dr. Pepper Snapple Group, Hint Inc., and Trimino Brands Company. Our market analysisalso includes a part dedicated only to such significant firms, in which ourexperts present an overview of all of the main players’ financial statements,as well as product benchmarking and SWOT analysis.

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