Flavoured Water Market Trends, Share, Size, Growth, Sales, Opportunities and Forecast to 2027
Flavoured Water Market Overview:
Flavored water is defined as water that has been naturally or artificially flavoured, sweetened with sugar or artificial sweeteners, or both. Flavoured Water contains both natural and artificial flavours to enhance the flavour of the water. Flavored waters have a high nutritional value and offer consumers numerous health benefits like improved blood system, better control of appetite, and weight management. They also contain vitamins, minerals, spices, sweeteners, spring water, and artificial flavours. It belongs to the group of drinks with a flavour that is similar to water. On the basis of type and distribution channel, the segment analysis for the Flavoured Water Market report is provided.
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Increasing consumer choice for healthful options to sugary tender drinks are driving the growth of the Flavoured Water Market:
The market is being fueled by a growing awareness of the importance of drinking healthy and regular water components. Flavoured water is a better alternative than soda. It is a great drink that's low in carbs and sugar, and some of them have almost no calories. Consumer preferences are shifting the flavoured water hydration industry toward carbonated drinks and drinks with a lot of sugar. The rising occurrence of plumpness and increasing awareness of healthy lifestyles among the urban population is projected to continue to drive the Flavoured Water Market.
Flavoured Water Market Segmentation:
The market is divided into three types: Sparkling, Still, and Others. In 2020, Sparkling Flavored Water held a 59.2% market share. Sparkling waters with the added benefits of fruits and herbs are highly sought-after as a healthy alternative to carbonated beverages. Sparkling beverages with little to no sugar and no calories have become more and more well-liked among younger, health-conscious consumers over time. Sparkling varieties are becoming more and more well-liked because of their flavour, fizz, and health advantages. A number of companies, most notably Nestle Pure Life, offer a selection of fruit-flavored, zero-calorie, and sweetener-free products. This segment is anticipated to provide lucrative growth for the Flavoured Water Market by adding this kind of factor.
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Flavoured Water Market Key players:
- Herbal Water (India)
- Cargil Inc (U.S)
- Sunny Delight Beverages Company (U.S)
- Balanced Water Company (New York)
- Kraft Foods (U.S)
- New York Spring Water (New York)
- PepsiCo (New York)
- The coca-cola company (U.S)
- Nestle SA (U.S)
- Groupe Danon (Paris)
- Eklo water (Philadelphia)
- Suntory (Japan)
COVID-19 Impact on Flavoured Water market:
Flavoured Waters' market has been significantly impacted by the COVID-19 outbreak. The development of Flavoured Water production facilities has been halted due to the global economic downturn and a labour shortage. Production utilisation has decreased significantly and steadily as a result of the COVID-19 pandemic. Additionally, travel restrictions and facility closures have prevented staff from visiting their facilities, which will limit the growth of the Flavoured Water market in 2020. The market repercussions of COVID-19 are expected to be short-lived due to the high demand for Flavoured Water, though. The industry is anticipated to fully recover by early 2021.
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