At the same time, regulations are being put in place across Asia Pacific to reduce the amount of sugar in beverages. Explore purchase options. North America dominated the market by accounting for over 35.0% in 2020 owing to the high product adoption in the region. . Chapter 2: Detailed analysis of Sparkling Water manufacturers competitive landscape, price, output and revenue market share, latest development plan, merger, and acquisition information, etc. Sparkling water is generally made out of mineral water due to the presence of less amount of solid minerals and naturally present carbon dioxide.The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment markets by type, application and region, and, as a result, provides a holistic view of, as well as a deep insight into the Sparkling Water market covering all its essential aspects.For the competitive landscape, the report also introduces players in the industry from the perspective of the market share, concentration ratio, etc., and describes the leading companies in detail, with which the readers can get a better idea of their competitors and acquire an in-depth understanding of the competitive situation. Some of the key questions answered in this report: Sparkling Water Market - Covid-19 Impact and Recovery Analysis: We were monitoring the direct impact of covid-19 in this market, further to the indirect impact from different industries. Complimentary 10 hours free analyst time for market review, 3. From the rise of premium and functional waters to the growing demand for sustainable packaging, the bottled water market is constantly evolving. The report was very accurate and as per my requirements. Benefits offered by online platforms, including shopping from the comfort of ones home, doorstep delivery, free shipping, subscription services, and discounts, are attracting millennials and the younger generation to opt for this channel. Chapter 5: Provides the analysis of various market segments according to product type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. Danone S.A., The Coca-Cola Company, PepsiCo Inc., and Nestle S.A. are some of the top players in the market. In 2021, the global top five players had a share approximately % in terms of revenue. However, with more relaxations on rules, the market for the aforementioned functional ingredients added water has started gaining traction again. The MarketWatch News Department was not involved in the creation of this content. Regional market sizes, concerning products by types, by application, and by players, are also provided. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world. Sparkling Water Market Size Worth $55.3 Billion by 2028 at 11.7% CAGR, COVID-19 Impact and Global Analysis by The Insight Partners What you need to know from Costco's earnings call. The global sparkling water market is projected to grow at a CAGR of 12. . The functional hydration experience has become a key focus for most soft drinks giants, which are either innovating on the composition of the product or creating a context where consumers are lured to purchase it. Remarkable job and great efforts by your research team. Request a Free sample to learn more about this report. Is there a problem with this press release? The rising consumer interest in health and wellness has put a spotlight on functional nutrition. Which region dominated the sparkling water market? Beverage Industry Magazine. Based on our analysis, the market exhibited a growth of 8.33% in 2020 than the average year-on-year growth during 2017-2019. The latest growing trend in this market is the rising demand for water fortified with minerals, vitamins, antioxidants, and more. Looking forward to work together in the future, It has been a delightful experience working with you guys. Specialists have also laid their focus on the upcoming business prospects. You can also contact MarketWatch Customer Service via our Customer Center. The sparkling water market is expected to grow from US$ 23,271.30 million in 2021 to US$ 55,298.58 million by 2028; it is estimated to grow at a CAGR of 11.7% from 2021 to 2028. Copyright 2023 MarketWatch, Inc. All rights reserved. Mandarin Orange Cream Popsicles Pureed mandarins, creamy greek yogurt and . With 25.3 percent of market share, the private-label still water category dominates the water category, while market share in the seltzer/sparkling/mineral bottled waters category is more evenly distributed between private label (17.7 percent); Sparkling Ice (16 percent); and La Croix (12.6 percent), it reports. Whats our next move? Proliferating Demand for Fortified Beverage to Support Market Growth. You need at least a Starter Account to use this feature. However, widespread home isolation orders have spurred the demand for bottled water of various kinds among households across the globe, including sparkling water. https://www.marketresearchguru.com/enquiry/request-sample/17205643, https://www.marketresearchguru.com/enquiry/pre-order-enquiry/17205643, https://marketresearchguru.com/enquiry/request-covid19/17205643, https://marketresearchguru.com/purchase/17205643, https://marketresearchguru.com/TOC/17205643#TOC, Sparkling Water Market 2023 Share Analysis: Understanding How Your Business Stacks Up Against Competitors. The global sparkling water market size was estimated at USD 29.71 billion in 2020 and is expected to reach USD 33.43 billion in 2021. b. Manufacturers are launching products with claims that go beyond vitamin-enhanced hydration, capitalizing on the popularity of fortified waters. Privacy Policy. Please fill out the form below for a free PDF report sample & This product is a market research report. The hypermarket and supermarket and convenience stores together held a significant share in 2020. https://www.fortunebusinessinsights.com/industry-reports/functional-water-market-100279, Balance Water Company LLC. This study provides information about the sales and revenue during the historic and forecasted period of 2016 to 2027. https://www.360marketupdates.com/enquiry/request-sample/22380166, https://www.360marketupdates.com/enquiry/pre-order-enquiry/22380166, https://www.360marketupdates.com/purchase/22380166, Sparkling Water Market 2023 Size, Share, Top Players Resorch report Forecast 2029. This section of the report provides key insights regarding various regions and the key players operating in each region. The report covered all the points and was very detailed. We are happy to help. The global functional water market size was USD 12.86 billion in 2020. Henceforth, functional ingredients added to water are quickly emerging as a distinct and recognizable category. Nonetheless, the utilization of novel ingredients is gaining traction. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). We use cookies to enhance your experience. The flavored variants are increasingly preferred owing to their taste, dizziness, and health benefits. The active principles from a variety of super fruits, herbal extracts, and other plant-based ingredients are known to not only serve the functional role of synthetic additives but also substantially increase the nutritional profiles of specialty water. Flavored sparkling water costs around US$ 1.72 and normal or unflavoured costs around US$ 0.70, which has positively impacted the demand of the plain market. For instance, in July 2021, National Beverage Corporation, an American beverage manufacturer, released a trio of new flavors of the sparkling water under its LaCroix brand. The market is growing, owing to innovative product launches by companies and rising consumer inclination towards the product. The growing demand for natural and healthy water among consumers is driving the segment. functional beverages and bottled water both of these sectors exhibit strong dominance of key global brands intensely seeking the consolidation of the overall market. This acquisition has widened Keurig Dr Peppers water portfolio and through this acquisition, the company entered the caffeinated sparkling water market. No purchase commitment. The global impact of COVID-19 has been significant, with functional water products witnessing an increasing demand across all regions amid the . (July 16, 2021). Avail customized purchase options to meet your exact research needs. The flavored natural/mineral and caffeinated sparkling water segment is expected to register a faster growth rate during forecast years as compared to the unflavored segment owing to the increasing launch of fruit-flavored drinks. There has been a rapid evolution in hydrating experience water ensuring sleep quality and water for the body-detox are some of the interesting innovations in this category. Chapter 3: Production/output, value of Sparkling Water by region/country. Key global players, recent developments & their impact on the industry, 1. $77 Billion Market Size 12.5% CAGR Europe Dominating Region 2022-2030 Forecast Period Segmentation By Type Natural/Mineral Sparkling Water Caffeinated Sparkling Water By Distribution Channel Store-Based Non-Store-Based grapefruit, lemon, lime, coconut and sparkling water. The report provides qualitative and quantitative insights on the functional water industry and detailed analysis on the market size & growth rate for all possible segments in the market. The growth rate of the Global Sparkling Water Market is 12.6%, with an estimated value of $76.95 billion by 2028. Consumers look for better-for-you alternatives to carbonated soft drinks (CSDs), and the innovation in flavor is driving the functional ingredients enriched water category's success. Consumer health and improved brand awareness have led to an increase in demand for premium bottled water. In this article, we'll dive into the latest consumer trends and insights, as well as highlight the top companies in the industry. In addition, we are constantly inclined to conform to the study, which triangulated together along with your very own statistics to make the marketplace studies extra complete for your perspective. The global sparkling water market size was valued at USD 29.71 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 12.6% from 2021 to 2028. For instance, in January 2020, Keurig Dr Pepper Inc. acquired Limitless, a U.S.-based caffeinated sparkling water company. The bottled water sales have recently surpassed soft drinks sales in the United States The bottled water sector is thus a leading horse prompting companies to invest and expand their functional offerings. I appreciate the timeliness and responsiveness of you and your team., (applicable to 1 report only for the same license type), The global functional water market is likely to grow from $13.80 billion in 2021 to $22.97 billion in 2028 at a CAGR of 7.55% in forecast period, 2021-2028, 2020 Fortune Business Insights . Understanding the segments helps in identifying the importance of different factors that aid the market growth. People also appreciate the artistic and easy-to-see bottle designs, along with attractive labels and stylish bottle shapes that set them apart from the usual water bottles they are used to seeing. Get a sample PDF of the report at - https://www.marketresearchguru.com/enquiry/request-sample/17205643. Statista. This text provides general information. The most important key figures provide you with a compact summary of the topic of "Bottled water market in the United States" and take you straight to the corresponding statistics. Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. In addition to these mentioned factors, it encompasses several other factors that have contributed to the market's growth in recent years. Thus, the consumer demand for natural and subtle flavors drinks is expected to drive the functional ingredients enriched water market in this region.

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