Global Flavored Water Market Forecast, Trend Analysis And Competition Tracking - Market Insights: 2015 - 2031

Flavored Water Market Overview

The global flavored water market size was valued at USD XX billion in 2020 and is expected to register a CAGR of X.X% over the forecast period.

Flavored water is a type of spring, clean, and packaged mineral water with a plethora of flavors. Flavored water is a mixture of normal sweeteners, artificial sweeteners, mineral water, and concentrated with different kinds of organic juices such as blueberry, pineapple, guava, strawberry, orange, apple and others. The other varieties of flavored water are made using herbs, crude products, minerals, and vitamins obtained from oxygen and soil. This water is filled with various Ayurveda herbs, vegetables such as amla, lemon, and fruits. The added substances and cancer prevention agents offer extra benefits and advantages to flavored water.

The global flavored water market is segregated into types, processes, applications, and regions. On the basis of type, the global flavored water market is sub-segmented into natural and synthetic. The global flavored water market is distributed into fermentation flavored waters, and plant extract Flavored Waters concerning the process. On the basis of application, the global flavored water market is sub-segmented into personal care products & cosmetics, pharmaceuticals & healthcare, and other applications. On the basis of region, the global flavored water market is sub-segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Flavored Water Market Dynamics

There are many health benefits associated with the usage of flavored water, and individuals prefer flavored water despite carbonated drinks or beverages, which in turn is expected to further complement the revenue growth trajectory of this industry in the foreseeable future. The rising awareness about health and the increasing obesity problems across the world is another key factor projected to burgeon the growth of the global flavored water market. The number of individuals migrating from rural areas to urban areas is up-surging. In addition, high disposable incomes, the availability of small-sized packages at affordable prices, and speedy urbanization are major factors driving this industry's growth during the forecast period. However, the intensifying usage of plastic for the packaging of flavored water and the availability of substitute products in the market such as juices, soft drinks, smoothies, and energy drinks may impose a hindrance to the global flavored water market over the forecast timeframe.

Regional Analysis

The global natural color and flavor market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa.

Markets in North America are expected to account for the largest share of the global flavored market due to the increasing product consumption as a healthy alternative to other carbonated drinks and several market players with offerings of a wide range of products in this region.

Markets in Europe are anticipated to hold a significant share in the years to come owing to its appealing health benefits with high levels of minerals, and the increase in sales of these products in countries like Germany, the UK, Italy, Spain, and France, where flavored water is often served with meals in restaurants.

Markets in the Asia Pacific region are projected to grow fast due to the growing customer preference for these products, coupled with expansion of quick service and full service restaurants, and the trend of following a healthy lifestyle in this region.

COVID-19 Impact Analysis on Flavored Water Market

Apart from the impacts on human life, this pandemic has inflicted an invariable blow on industries across the world. This novel virus has caused unprecedented damage to trade as a whole and the global economy. As this deadly virus continues to wreak havoc, it has left several industries and economies in a stage of uncertainty and market volatility in its wake. It has also put a strain on investments and scheduled plans across various sectors. At the nexus of this pandemic, China's impaired manufacturing and production operations have adversely affected global supply chains, leaving China's economy in absolute disarray. These respectively imposed shutdowns/lockdowns were meant to slow the trajectory of this virus but have resulted in the crashing of economic outputs, further causing financial panic across a wide range of markets; it even led to the curtailing general travel, leisure and social living. During the first half of 2020, there was a sharp decline in trade activities, which caused the global economy to shrink by 3%, only to partially recover in the second half of that year. With the abatement of the second wave, and increased vaccination initiatives, there are visible signs of improvement across various sectors based in numerous countries.

Competitive Landscape

• Nestlé
• Talking Rain
• PepsiCo Inc.
• The Coca-Cola Company
• Hint Inc.
• Spindrift
• National Beverage Corp.
• Sanpellegrino S.P.A.
• KeurigDr Pepper Inc.
• Saratoga Spring Water Company
• Other players

Report Scope

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• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Key Regions Covered

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Key Segments Covered in Global Flavored Water Market by Type

• Carbonated
• Still

Key Segments Covered in Global Flavored Water Market by Packaging Type

• Bottles
• Cans

Key Segments Covered in Global Flavored Water Market by Distribution Channel

• Supermarkets/Hypermarkets
• Convenience Stores
• Online
• Other Distribution Channels