Global Functional Water Market Growth & Trends - Forecast to 2023: CAGR to Grow at 8.5% with Eye-Catching PET Bottles Gaining a Majority Share in Volume - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 20, 2018--The “Global Functional Water Market - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The functional water market is poised to register a CAGR of 8.5% during the forecast period. Health and wellness trends and increasing consumer demand are driving competitiveness in the market. Refreshment and taste are the major motives boosting the growth of the market.
Health & Wellness Poised to Become a Trillion Dollar Industry
Health and wellness are the new trends in the 20th and 21st century, and marketing heads have captured this trend to efficiently implement the strategies on specific products. Categories, such as digital fitness and healthy foods are high exponential growth markets. The trends of natural, clean-label and organic food are driving the market in the food sector. The growing awareness about the products consumed and buzz of weight management foods have also helped enhance the market demand.
Eye-Catching PET Bottles Gain a Majority Share in Volume
Ease of carrying and recyclability are the major factors driving the sales of PET functional waters. New packing technologies and the introduction of different shapes of bottles are enhancing the sales of the market in this category.
Europe Leads the Functional Water Market
Europe is a key region that has healthy eating habits. The consumption patterns in this region are shifting towards healthy and weight management ingredients. As functional waters contribute to the same, the region stands at the top position. However, the preference of consumers has been shifting from sugar and carbonated beverages to functional beverages. The same trend is expected to continue during the forecast period and is expected to drive the market with a CAGR of 6.2%.
Key Topics Covered
2. Market Insights
3. Market Dynamics
4. Market Segmentation
5. Regional Market Analysis
6. Competitive Landscape
7. Company ProfilesBalance Water Company Danone Group Dr. Pepper Snapple Group Inc. Function Drinks Herbal Water New York Spring Water PepsiCo San Benedetto The Coca-Cola Co. Trimino Brands Company LLC Unique Foods Canada Vichy Catalan Corporation Vitamin Well AB
For more information about this report visit https://www.researchandmarkets.com/research/t3whhc/global_functional?w=4
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Related Topics:Bottled Water,Sport, Energy and Functional Drinks
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
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PUB: 08/20/2018 11:15 AM/DISC: 08/20/2018 11:15 AM