Speak directly to the analyst to clarify any post sales queries you may have.
Functional water is an enhanced beverage modified to provide additional benefits beyond basic hydration with added vitamins, minerals, and herbs to support specific health claims and improve overall well-being. The demand for functional water is increasing to address particular health concerns, boost energy levels, improve mental performance, aid in weight loss, and support various other aspects of a healthy lifestyle. Functional waters have increasingly become the preferred hydration choice for athletes and sportspersons for multiple reasons, including improved athletic performance, enhanced recovery, targeted nutrient delivery, and overall health benefits. Functional water is often fortified with vitamins and minerals essential for maintaining energy levels and combating oxidative stress caused by intense workouts. Using premium components such as vitamins, minerals, electrolytes, antioxidants, botanical extracts, and probiotics causes higher prices of functional water due to limited sources or complex extraction methods. In addition, the inefficient recycling processes, pollution from the manufacturing and transportation of plastic bottles, and contamination issues during recycling poses environmental concerns related to recycling functional water bottles, negatively impacting the growth of the functional water market. However, introducing eco-friendly materials and biodegradable plastics with minimalistic packaging designs has expanded customer preference toward functional water portfolios. Moreover, functional water manufacturers are increasingly focusing on deploying their offerings on eCommerce platforms to enhance brand visibility, customer reach, and overall business performance, further improving the availability of novel products worldwide.
Regional Insights
The increasing consumer awareness toward energy-boosting capabilities and vitamin content, penetration of convenient on-the-go beverages, and ongoing novel product development have expanded the demand for functional water products in the Americas. The government standards in the Americas ensure the safety and efficiency of functional water. The rapid growth in sport participation activities, significant penetration of eCommerce platforms, and introduction of botanicals in the product portfolios have supported the development and distribution of functional water in the Asia-Pacific region. The functional water market in Europe, the Middle East, and the African region is evolving due to the increasing customer preference for healthier beverages and manufacturers’ focus on developing innovative functional beverages. Government standards ensuring nutrient levels, labeling, and safety assessment procedures for novel ingredients have standardized the functional water market in the EMEA.FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Functional Water Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Functional Water Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the Functional Water Market, highlighting leading vendors and their innovative profiles. These include Actiph Water Ltd, Agropur cooperative, Alkaline88, LLC, Bisleri International Pvt. Ltd., CENTR Brands Corp., Cloud Water Brands, Danone S.A., Disruptive Beverages, Inc., EARI Group, Flow Beverage Corp., Function Drinks, Gujarat Ion Exchange And Chemicals Limited, Hint Inc., HOW Water Houston, LP., JUST Goods, Inc., Karma Culture LLC, Keurig Dr Pepper, Inc., Kure Ltd., Langenburg Oxygen Water, Miami Bay Beverage Company LLC, Nestle S.A., Nirvana Water Sciences Corp., Nongfu Spring Co., Ltd., NYSW Beverage Brands, Inc., OHMG Brands Ltd, Oxigenesis, Inc., PepsiCo, Inc., Petal Beverage, LLC, Protein2o Inc., San Benedetto S.p.A., Tata Consumer Products Limited, The Coca-Cola Company, The Lemon Perfect Company, Unique Foods Canada, Waterman Engineers Australia, and WET Holdings (Global) Ltd.Market Segmentation & Coverage
This research report categorizes the Functional Water Market to forecast the revenues and analyze trends in each of the following sub-markets:- Product
- Flavored Functional Water
- Unflavored Functional Water
- Type
- Botanicals
- Minerals
- Oxygen
- Proteins
- Vitamins
- Packaging
- Can
- PET Bottles
- Distribution Channel
- Offline
- Convenience Stores
- Specialty Stores
- Supermarket/Hypermarket
- Online
- Offline
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as
- What is the market size and forecast of the Functional Water Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Functional Water Market?
- What are the technology trends and regulatory frameworks in the Functional Water Market?
- What is the market share of the leading vendors in the Functional Water Market?
- Which modes and strategic moves are suitable for entering the Functional Water Market?
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Table of Contents
Companies Mentioned
- Actiph Water Ltd
- Agropur cooperative
- Alkaline88, LLC
- Bisleri International Pvt. Ltd.
- CENTR Brands Corp.
- Cloud Water Brands
- Danone S.A.
- Disruptive Beverages, Inc.
- EARI Group
- Flow Beverage Corp.
- Function Drinks
- Gujarat Ion Exchange And Chemicals Limited
- Hint Inc.
- HOW Water Houston, LP.
- JUST Goods, Inc.
- Karma Culture LLC
- Keurig Dr Pepper, Inc.
- Kure Ltd.
- Langenburg Oxygen Water
- Miami Bay Beverage Company LLC
- Nestle S.A.
- Nirvana Water Sciences Corp.
- Nongfu Spring Co., Ltd.
- NYSW Beverage Brands, Inc.
- OHMG Brands Ltd
- Oxigenesis, Inc.
- PepsiCo, Inc.
- Petal Beverage, LLC
- Protein2o Inc.
- San Benedetto S.p.A.
- Tata Consumer Products Limited
- The Coca-Cola Company
- The Lemon Perfect Company
- Unique Foods Canada
- Waterman Engineers Australia
- WET Holdings (Global) Ltd.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 185 |
Published | March 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 18.71 Billion |
Forecasted Market Value ( USD | $ 39.91 Billion |
Compound Annual Growth Rate | 11.2% |
Regions Covered | Global |
No. of Companies Mentioned | 36 |