The global functional water market size reached US$ 15.1 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 24.8 Billion by 2028, exhibiting a CAGR of 8.62% during 2022-2028.
Functional water is a water-based beverage that is altered at the molecular level through mechanical, electrical, or optical processes to provide health and other functional benefits. Some of the commonly available product varieties include protein water, botanical water, oxygen water, etc. Functional water aids in strengthening the immune response, enhancing mood, and boosting the energy levels of the body. It also offers both refreshment and taste, enhanced by supplemental ingredients, including acids, herbs, raw fruits, vegetables, vitamins, minerals, etc.
Functional water is a water-based beverage that is altered at the molecular level through mechanical, electrical, or optical processes to provide health and other functional benefits. Some of the commonly available product varieties include protein water, botanical water, oxygen water, etc. Functional water aids in strengthening the immune response, enhancing mood, and boosting the energy levels of the body. It also offers both refreshment and taste, enhanced by supplemental ingredients, including acids, herbs, raw fruits, vegetables, vitamins, minerals, etc.
Functional Water Market Trends:
The shifting consumer preferences from high-sugar and carbonated drinks towards healthier alternatives are primarily driving the global functional water market. The inclusion of essential nutrients in the product, such as protein, vitamins, minerals, etc., provides several added benefits like enhanced energy, regulated stress, reduced fatigue, and improved mental focus. Additionally, the increasing health concerns towards the high prevalence of gut-related disorders, including Gastroesophageal Reflux Disease (GERD), gastroenteritis, ulcers, etc., are stimulating the consumption of functional water that promote gut health. Apart from this, the growing consumer awareness regarding the presence of synthetic additives and preservatives in conventional beverages is also augmenting the demand for organic functional drinks. Furthermore, the launch of novel functional water variants specifically for the healthcare sector is catalyzing the market growth. Besides this, the emerging trend of mindful drinking is also creating a positive outlook for the market as consumers are reducing alcohol consumption and opting for healthy alternatives like functional water. Moreover, significant investments in the launch of artistic and easy-to-see bottle designs, along with attractive labels and stylish shapes that set them apart from the usual ones, are further propelling the market growth. In addition to this, the introduction of several diversified and unique product variants, such as CBD-infused spring water and amino acid-enriched water, is expected to drive the global functional market in the coming years.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global functional water market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, ingredient, type, packaging types and distribution channel.Breakup by Product:
- Flavored Functional Water
- Unflavored Functional Water
Breakup by Ingredient:
- Micronutrients
- Botanical Extracts
- Others
Breakup by Type:
- Vitamins
- Proteins
- Others
Breakup by Packaging Types:
- PET Bottles
- Cans
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Ayala's Herbal Water, Balance Water Company, Danone S.A., Function Drinks, Hint Inc., Keurig Dr Pepper Inc., Nestlé S.A., PepsiCo Inc., The Coca-Cola Company, Trimino Protein Infused Water, Unique Foods (Canada) Inc. and Vichy Catalan Corporation.Key Questions Answered in This Report:
- How has the global functional water market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global functional water market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the ingredient?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the packaging types?
- What is the breakup of the market based on the distribution channel?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global functional water market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Functional Water Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Flavored Functional Water
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Unflavored Functional Water
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Ingredient
7.1 Micronutrients
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Botanical Extracts
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Type
8.1 Vitamins
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Proteins
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Packaging Types
9.1 PET Bottles
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Cans
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Others
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Distribution Channel
10.1 Supermarkets and Hypermarkets
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Convenience Stores
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Specialty Stores
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Online Stores
10.4.1 Market Trends
10.4.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Ayala's Herbal Water
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.2 Balance Water Company
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.3 Danone S.A.
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Financials
16.3.3.4 SWOT Analysis
16.3.4 Function Drinks
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.5 Hint Inc.
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.6 Keurig Dr Pepper Inc.
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Financials
16.3.7 Nestlé S.A.
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.7.4 SWOT Analysis
16.3.8 PepsiCo Inc.
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.8.4 SWOT Analysis
16.3.9 The Coca-Cola Company
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.9.4 SWOT Analysis
16.3.10 Trimino Protein Infused Water
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.11 Unique Foods (Canada) Inc.
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.12 Vichy Catalan Corporation
16.3.12.1 Company Overview
16.3.12.2 Product Portfolio
List of Figures
Figure 1: Global: Functional Water Market: Major Drivers and Challenges
Figure 2: Global: Functional Water Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Functional Water Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Functional Water Market: Breakup by Product (in %), 2022
Figure 5: Global: Functional Water Market: Breakup by Ingredient (in %), 2022
Figure 6: Global: Functional Water Market: Breakup by Type (in %), 2022
Figure 7: Global: Functional Water Market: Breakup by Packaging Types (in %), 2022
Figure 8: Global: Functional Water Market: Breakup by Distribution Channel (in %), 2022
Figure 9: Global: Functional Water Market: Breakup by Region (in %), 2022
Figure 10: Global: Functional Water (Flavored Functional Water) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Functional Water (Flavored Functional Water) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Functional Water (Unflavored Functional Water) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Functional Water (Unflavored Functional Water) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Functional Water (Micronutrients) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Functional Water (Micronutrients) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Functional Water (Botanical Extracts) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Functional Water (Botanical Extracts) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Functional Water (Other Ingredients) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Functional Water (Other Ingredients) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Functional Water (Vitamins) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Functional Water (Vitamins) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Functional Water (Proteins) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Functional Water (Proteins) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Functional Water (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Functional Water (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Functional Water (PET Bottles) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Functional Water (PET Bottles) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Functional Water (Cans) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Functional Water (Cans) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Functional Water (Other Packaging Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Functional Water (Other Packaging Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Functional Water (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Functional Water (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Functional Water (Convenience Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Functional Water (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Functional Water (Specialty Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Functional Water (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Functional Water (Online Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Functional Water (Online Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: North America: Functional Water Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: North America: Functional Water Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: United States: Functional Water Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: United States: Functional Water Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Canada: Functional Water Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Canada: Functional Water Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Asia-Pacific: Functional Water Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Asia-Pacific: Functional Water Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: China: Functional Water Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: China: Functional Water Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Japan: Functional Water Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Japan: Functional Water Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: India: Functional Water Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: India: Functional Water Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: South Korea: Functional Water Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: South Korea: Functional Water Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Australia: Functional Water Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Australia: Functional Water Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Indonesia: Functional Water Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Indonesia: Functional Water Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Others: Functional Water Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Others: Functional Water Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Europe: Functional Water Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Europe: Functional Water Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Germany: Functional Water Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Germany: Functional Water Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: France: Functional Water Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: France: Functional Water Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: United Kingdom: Functional Water Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: United Kingdom: Functional Water Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Italy: Functional Water Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Italy: Functional Water Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Spain: Functional Water Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Spain: Functional Water Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Russia: Functional Water Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Russia: Functional Water Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Others: Functional Water Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Others: Functional Water Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Latin America: Functional Water Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Latin America: Functional Water Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Brazil: Functional Water Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Brazil: Functional Water Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Mexico: Functional Water Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Mexico: Functional Water Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Others: Functional Water Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Others: Functional Water Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Middle East and Africa: Functional Water Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Middle East and Africa: Functional Water Market: Breakup by Country (in %), 2022
Figure 88: Middle East and Africa: Functional Water Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Global: Functional Water Industry: SWOT Analysis
Figure 90: Global: Functional Water Industry: Value Chain Analysis
Figure 91: Global: Functional Water Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Functional Water Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Functional Water Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Functional Water Market Forecast: Breakup by Ingredient (in Million US$), 2023-2028
Table 4: Global: Functional Water Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 5: Global: Functional Water Market Forecast: Breakup by Packaging Types (in Million US$), 2023-2028
Table 6: Global: Functional Water Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 7: Global: Functional Water Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Functional Water Market: Competitive Structure
Table 9: Global: Functional Water Market: Key Players
Companies Mentioned
- Ayala's Herbal Water
- Balance Water Company
- Danone S.A.
- Function Drinks
- Hint Inc.
- Keurig Dr Pepper Inc.
- Nestlé S.A.
- PepsiCo Inc.
- The Coca-Cola Company
- Trimino Protein Infused Water
- Unique Foods (Canada) Inc.
- Vichy Catalan Corporation.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 147 |
| Published | March 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 15.1 Billion |
| Forecasted Market Value ( USD | $ 24.8 Billion |
| Compound Annual Growth Rate | 8.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
