The Worldwide Flavored Water Industry is Expected to Reach $24.9 Billion by 2027 - ResearchAndMarkets.com

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DUBLIN, July 28, 2021--(BUSINESS WIRE)--The "Global Flavored Water Market By Distribution Channels (Supermarkets & Hypermarket, Convenience Stores, Online and Other Channels), By Product (Sparkling and Still), By Regional Outlook, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027" report has been added to ResearchAndMarkets.com's offering.

The Global Flavored Water Market size is expected to reach $24.9 billion by 2027, rising at a market growth of 8.1% CAGR during the forecast period.

Companies Profiled

  • PepsiCo, Inc.

  • The Coca Cola Company

  • Otsuka Pharmaceutical Co., Ltd. (Crystal Geyser Water Company)

  • Hint Water, Inc.

  • Nestle S.A.

  • The Kraft Heinz Company

  • Danone S.A.

  • Keurig Dr Pepper, Inc.

  • Polar Beverages, Inc.

  • Talking Rain Beverage Company

Flavored water refers to a beverage that comprises water with added natural or artificial flavor, herbs, and sweeteners, and generally contains lower calories as compared to non-diet soft drinks. In most of cases, flavored water adds minerals and vitamins with the inclusion of fruits with an aim to promote their products in the market. Also, awareness regarding the importance of water consumption is constantly increasing among consumers as it is one of the essential components of a healthy lifestyle.

Maintaining the optimal hydration level in the body enhances energy levels and assists in keeping healthy skin. Water, in comparison to conventional carbonated drinks, juices, and coffee is free from any calories and no harmful properties. Flavored water provides all the advantages of pure water but with the addition of good taste, and with so many interesting and exciting flavor products available.

The leading players operating in the global flavored water market are constantly introducing innovative products in order to cater to the ever-changing demands of consumers who are more conscious about their health. For example, in May 2019, National Beverage Corp. came up with a new flavor, Hi-Biscus! under its LaCroix brand. The new sparkling water contains zero sweeteners, carbohydrates, or sodium, and has a unique flavor of the hibiscus flower. Therefore, the growth of this segment is expected to be boosted by the introduction of these products during the forecast period.

COVID-19 Impact

The outbreak of the COVID-19 has been declared as a global pandemic by the WHO. The global COVID-19 pandemic has brought an uncertain situation across the world, causing global rescission. The pandemic has impacted the commodity market in various ways. The demand for essential goods such as groceries has witnessed an abrupt surge. Owing to the outbreak, consumers getting more conscious about their health and are taking diets that can assist them to boot the immune system. Water intake in optimal quantities is necessary for the body because it helps in boosting the metabolism, immune system, and detoxes the body. Therefore, the demand for flavored water has witnessed a surge during the pandemic. In addition to it, the inclination towards natural and organic flavors in flavored water is increasing at a fast pace as the plant and herbs sources incorporated in flavored water is extremely beneficial for the health of human.

However, there is a massive demand for flavored water among the consumers; several aspects are influencing the market current dynamics. The coronavirus crisis has created a chaotic situation among the consumers with the imposition of strict lockdown guidelines, and the shutdown of retail stores with an aim to curb the spread of the virus. This resulted in a panic purchasing among the buyers and the stockpiling of essential goods, thus created a massive burden on supermarkets & hypermarkets, and convenience stores as they are running out of stock and the grocery shelves for popular goods remain empty.

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Key Topics Covered:

Chapter 1. Market Scope & Methodology

Chapter 2. Market Overview

2.1 Introduction

2.1.1 Overview

2.1.2 Market Composition & Scenario

2.2 Key Factors Impacting the Market

2.2.1 Market Drivers

2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global

3.1 Cardinal Matrix

3.2 Recent Industry Wide Strategic Developments

3.2.1 Partnerships, Collaborations and Agreements

3.2.2 Product Launches and Product Expansions

3.2.3 Acquisition and Mergers

3.3 Top Winning Strategies

3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)

3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2017, Apr - 2021, May) Leading Players

Chapter 4. Global Flavored Water Market by Distribution Channels

4.1 Global Supermarkets & Hypermarket Market by Region

4.2 Global Convenience Stores Market by Region

4.3 Global Online Market by Region

4.4 Global Other Channels Market by Region

Chapter 5. Global Flavored Water Market by Product

5.1 Global Sparkling Market by Region

5.2 Global Still Market by Region

Chapter 6. Global Flavored Water Market by Region

Chapter 7. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/7p4xpn

View source version on businesswire.com: https://www.businesswire.com/news/home/20210728005662/en/

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