PUBLISHER: IMARC | PRODUCT CODE: 1467748
PUBLISHER: IMARC | PRODUCT CODE: 1467748
Functional Water Market Report by Product, Ingredient, Type, Packaging Types, Distribution Channel, and Region 2024-2032
The global functional water market size reached US$ 16.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 28.1 Billion by 2032, exhibiting a growth rate (CAGR) of 6.1% during 2024-2032. The increasing health consciousness among consumers, the rising prevalence of lifestyle diseases, and ongoing product innovations represent some of the key factors driving the market.
Functional water is a specialized water-based beverage that is altered at the molecular level through mechanical, electrical, or optical processes. It offers both refreshment and taste and is enhanced with additional nutrients or minerals that provide specific health benefits beyond simple hydration. Functional water contains numerous added ingredients such as vitamins, minerals, antioxidants, electrolytes, or herbal extracts that can improve digestion, boost immunity, enhance cognitive function, and promote overall health and wellness. Some of the standard functional water products include alkaline water, protein water, botanical water, hydrogen water, oxygenated water, and mineral water.
Functional Water Market Trends:
The changing consumer preferences from sugary and carbonated drinks towards healthier options such as functional water represents the key factor driving the market growth. Besides this, the rising levels of unease among individuals regarding the presence of synthetic additives and preservatives in traditional beverages are supporting the market growth. Moreover, the escalating consumer awareness about its rich nutritional profile of protein, vitamins, and minerals and the numerous health benefits associated with its consumption, such as increased energy, reduced stress, decreased fatigue, and improved mental focus, is creating a favorable outlook for the market. Concurrent with this, the rising concerns about gut-related disorders, such as gastroesophageal reflux disease, gastroenteritis, and ulcers, are fueling the demand for functional water products that promote gut health. In addition to this, the introduction of diverse and distinctive product variations explicitly designed for the healthcare sector, such as CBD-infused spring water and water enriched with amino acids, are presenting remunerative growth opportunities for the market. Furthermore, significant investments in eye-catching bottle designs, attractive labels, and unique shapes set them apart from conventional bottles is acting as another growth-inducing factor. Other factors, such as rapid urbanization, inflating disposable incomes, the proliferation of distribution channels, the expanding fitness and wellness culture, and emerging trends of mindful drinking, are positively impacting the market growth.
Key Market Segmentation:
IMARC Group 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 2024-2032. Our report has categorized the market based on product, ingredient, type, packaging types and distribution channel.
Product Insights:
Flavored Functional Water
Unflavored Functional Water
The report has provided a detailed breakup and analysis of the functional water market based on the product. This includes flavored and unflavored functional water. According to the report, flavored functional water represented the largest segment.
Ingredient Insights:
Micronutrients
Botanical Extracts
Others
A detailed breakup and analysis of the functional water market based on the ingredient has also been provided in the report. This includes micronutrients, botanical extracts, and others. According to the report, micronutrients accounted for the largest market share.
Type Insights:
Vitamins
Proteins
Others
The report has provided a detailed breakup and analysis of the functional water market based on the type. This includes vitamins, proteins, and others. According to the report, vitamins represented the largest segment.
Packaging Types Insights:
PET Bottles
Cans
Others
A detailed breakup and analysis of the functional water market based on the packaging types has also been provided in the report. This includes PET bottles, cans, and others. According to the report, PET bottles accounted for the largest market share.
Distribution Channel Insights:
Supermarkets and Hypermarkets
Convenience Stores
Specialty Stores
Online Stores
The report has provided a detailed breakup and analysis of the functional water market based on the distribution channel. This includes supermarkets and hypermarkets, convenience stores, specialty stores, and online stores. According to the report, supermarkets and hypermarkets represented the largest segment.
Regional Insights:
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
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for functional water. Some of the factors driving the North America functional water market included rising health consciousness among consumers, easy product availability, and the development of innovative product variants.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global functional water market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Ayala's Herbal Water, Balance Water Company, Danone S.A., Function Drinks, Hint Inc., Keurig Dr Pepper Inc., Nestle S.A., PepsiCo Inc., The Coca-Cola Company, Trimino Protein Infused Water, Unique Foods (Canada) Inc. and Vichy Catalan Corporation. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
- 1. What was the size of the global functional water market in 2023?
- 2. What is the expected growth rate of the global functional water market during 2024-2032?
- 3. What are the key factors driving the global functional water market?
- 4. What has been the impact of COVID-19 on the global functional water market?
- 5. What is the breakup of the global functional water market based on the product?
- 6. What is the breakup of the global functional water market based on the ingredient?
- 7. What is the breakup of the global functional water market based on type?
- 8. What is the breakup of the global functional water market based on the packaging types?
- 9. What is the breakup of the global functional water market based on the distribution channel?
- 10. What are the key regions in the global functional water market?
- 11. Who are the key players/companies in the global functional water market?
Table of Contents
1 Preface
2 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
- 11.1.1 United States
- 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
- 11.2.1 China
- 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
- 11.3.1 Germany
- 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
- 11.4.1 Brazil
- 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 Nestle 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
- 16.3.1 Ayala's Herbal Water
List of Figures
- Figure 1: Global: Functional Water Market: Major Drivers and Challenges
- Figure 2: Global: Functional Water Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Functional Water Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Functional Water Market: Breakup by Product (in %), 2023
- Figure 5: Global: Functional Water Market: Breakup by Ingredient (in %), 2023
- Figure 6: Global: Functional Water Market: Breakup by Type (in %), 2023
- Figure 7: Global: Functional Water Market: Breakup by Packaging Types (in %), 2023
- Figure 8: Global: Functional Water Market: Breakup by Distribution Channel (in %), 2023
- Figure 9: Global: Functional Water Market: Breakup by Region (in %), 2023
- Figure 10: Global: Functional Water (Flavored Functional Water) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Functional Water (Flavored Functional Water) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Functional Water (Unflavored Functional Water) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Functional Water (Unflavored Functional Water) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Functional Water (Micronutrients) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Functional Water (Micronutrients) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Functional Water (Botanical Extracts) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Functional Water (Botanical Extracts) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Functional Water (Other Ingredients) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Functional Water (Other Ingredients) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Functional Water (Vitamins) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Functional Water (Vitamins) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Functional Water (Proteins) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Functional Water (Proteins) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Functional Water (Other Types) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Functional Water (Other Types) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Global: Functional Water (PET Bottles) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: Functional Water (PET Bottles) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Global: Functional Water (Cans) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Global: Functional Water (Cans) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Global: Functional Water (Other Packaging Types) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Global: Functional Water (Other Packaging Types) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Global: Functional Water (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Global: Functional Water (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Global: Functional Water (Convenience Stores) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Global: Functional Water (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: Global: Functional Water (Specialty Stores) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: Global: Functional Water (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: Global: Functional Water (Online Stores) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: Global: Functional Water (Online Stores) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: North America: Functional Water Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: North America: Functional Water Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: United States: Functional Water Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: United States: Functional Water Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: Canada: Functional Water Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: Canada: Functional Water Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Asia-Pacific: Functional Water Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Asia-Pacific: Functional Water Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: China: Functional Water Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: China: Functional Water Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: Japan: Functional Water Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: Japan: Functional Water Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: India: Functional Water Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: India: Functional Water Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: South Korea: Functional Water Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: South Korea: Functional Water Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: Australia: Functional Water Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: Australia: Functional Water Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Indonesia: Functional Water Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Indonesia: Functional Water Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Others: Functional Water Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Others: Functional Water Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: Europe: Functional Water Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: Europe: Functional Water Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Germany: Functional Water Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Germany: Functional Water Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: France: Functional Water Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: France: Functional Water Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: United Kingdom: Functional Water Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: United Kingdom: Functional Water Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Italy: Functional Water Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Italy: Functional Water Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Spain: Functional Water Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: Spain: Functional Water Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 74: Russia: Functional Water Market: Sales Value (in Million US$), 2018 & 2023
- Figure 75: Russia: Functional Water Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 76: Others: Functional Water Market: Sales Value (in Million US$), 2018 & 2023
- Figure 77: Others: Functional Water Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 78: Latin America: Functional Water Market: Sales Value (in Million US$), 2018 & 2023
- Figure 79: Latin America: Functional Water Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 80: Brazil: Functional Water Market: Sales Value (in Million US$), 2018 & 2023
- Figure 81: Brazil: Functional Water Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 82: Mexico: Functional Water Market: Sales Value (in Million US$), 2018 & 2023
- Figure 83: Mexico: Functional Water Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 84: Others: Functional Water Market: Sales Value (in Million US$), 2018 & 2023
- Figure 85: Others: Functional Water Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 86: Middle East and Africa: Functional Water Market: Sales Value (in Million US$), 2018 & 2023
- Figure 87: Middle East and Africa: Functional Water Market: Breakup by Country (in %), 2023
- Figure 88: Middle East and Africa: Functional Water Market Forecast: Sales Value (in Million US$), 2024-2032
- 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, 2023 and 2032
- Table 2: Global: Functional Water Market Forecast: Breakup by Product (in Million US$), 2024-2032
- Table 3: Global: Functional Water Market Forecast: Breakup by Ingredient (in Million US$), 2024-2032
- Table 4: Global: Functional Water Market Forecast: Breakup by Type (in Million US$), 2024-2032
- Table 5: Global: Functional Water Market Forecast: Breakup by Packaging Types (in Million US$), 2024-2032
- Table 6: Global: Functional Water Market Forecast: Breakup by Distribution Channel (in Million US$), 2024-2032
- Table 7: Global: Functional Water Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 8: Global: Functional Water Market: Competitive Structure
- Table 9: Global: Functional Water Market: Key Players
