Chapter 14: The main points and conclusions of the report. Their social media handles are filled with images of athletes (runners, swimmers, skaters, tennis players), and their cans feature striking and elegant animal prints. Functional beverages as a whole have robustly emerged as a preferred drink over soft drinks due to lower sugar content and lack of synthetic additives such as colors, flavors, and preservatives. "Market share of the leading seltzer, bottled sparkling/mineral water brands in the United States in 2021, based on sales." As a Premium user you get access to background information and details about the release of this statistic. The global functional water market growth will be propelled by the development of innovative products and the launch of new flavors by manufacturers. The global impact of COVID-19 has been significant, with functional water products witnessing an increasing demand across all regions amid the . on: Celebrate citrus this season with fresh recipes featuring some of your favorite citrus like grapefruits, lemons, mandarins, blood oranges and so much more! Visit a quote page and your recently viewed tickers will be displayed here. Focuses on the key global Sugar-Free Sparkling Water players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years. The market is likely to grow from USD 13.80 billion in 2021 to USD 22.97 billion in 2028 at a CAGR of 7.55% during 2021-2028. Further, it provides a complete evaluation of additives concerned in marketplace improvement in advance than and after the covid-19 pandemic. We are GDPR and CCPA compliant! Total U.S. sales through supermarkets, drug stores, gas and convenience stores, mass merchandisers, military commissaries and select club and dollar retail chains for the 52 weeks ended May 16, 2021. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. We live in purgatory: My wife has a multimillion-dollar trust fund, but my mother-in-law controls it. In Europe, there is a strong demand for sparkling water in several countries, such as Germany, the U.K., Italy, Spain, France, and the Netherlands, where the product is often served with meals in restaurants. Olha will help you find what you are looking for. All rights reserved. Clicking on the following button will update the content below. Manufacturers are launching products with claims that go beyond vitamin-enhanced hydration, capitalizing on the popularity of fortified waters. [Online]. Beverage Industry Magazine. Sparkling Bottled Water Market Growth and Forecast (2022-2027): According to the research report, the global sparkling bottled water market is expected to experience healthy growth rate in the near future. The growing consumer preference for sparkling water over sodas and sugary carbonated drinks is projected to drive the market over the forecast period. Supermarkets and hypermarkets hold sway in the distribution channels for the product sales this retail distribution is leading based on the variety, availability, and accessibility of enhanced water. The growing interest among individuals in drinks providing a pleasurable bubbly sensation is driving the demand for sparkling water in the forecast period. For instance, a Swedish company, Vitamin Well, is asking brand ambassadors to reinforce its motto: "rich in function, low in calories." DUBLIN--(BUSINESS WIRE)--The "Sparkling Water Market Size, Share & Trends Analysis Report by Product, by Distribution Channel, by Region, and Segment Forecasts, 2021-2028" report has been added to . The list of the top five brands is rounded by La Croix, Bubly, and Perrier, which held respective 13.2%, 8.5%, and 7% of the sparkling water . The readers will also get their hands on the revenue and sales data of each region and country for the period 2017-2028. Estimates on production and value are based on the price in the supply chain at which the Sparkling Water are procured by the manufacturers. Sparkling water is generally just water infused with pressurized carbon dioxide. We know where we will be getting business intelligence from in the future., Thank you for sending the market report and data. As consumers are seeking sparkling water with added benefits, manufacturers are trying to launch new variants of the product with caffeine in it. This acquisition has widened Keurig Dr Peppers water portfolio and through this acquisition, the company entered the caffeinated sparkling water market. Product Movement Analysis & Market Share, 2020 & 2028, 6.1. https://www.fortunebusinessinsights.com/industry-reports/functional-water-market-100279, Balance Water Company LLC. They have been introducing several new beverages and food items inspired by national as well as international cuisines in order to further their footprint in an increasingly competitive environment. The global market should be understood from its parent/related markets viz. This factor mainly promotes the growth of this segment. 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. Natural/mineral sparkling water held the largest share of more than 60.0% in 2020. Si vous ne souhaitez pas que nos partenaires et nousmmes utilisions des cookies et vos donnes personnelles pour ces motifs supplmentaires, cliquez sur Refuser tout. Mergers & acquisitions and product launches are among the key strategies taken up by the market players. The product is a PDF. With this information, the ones in rate might be capable of create new techniques, which consciousness available in the marketplace possibilities in order to advantage them, making their commercial enterprise efforts profitable with inside the process. ", Beverage Industry Magazine, Market share of the leading seltzer, bottled sparkling/mineral water brands in the United States in 2021, based on sales Statista, https://www.statista.com/statistics/252421/market-share-of-leading-bottled-sparkling-water-brands-in-the-us/ (last visited March 04, 2023), Market share of the leading seltzer, bottled sparkling/mineral water brands in the United States in 2021, based on sales [Graph], Beverage Industry Magazine, July 16, 2021. The global impact of COVID-19 has been significant, with functional water products witnessing an increasing demand across all regions amid the pandemic. Regional Movement Analysis & Market Share, 2020 & 2028, 8.1. In the face of this "push" in government regulation and the "pull" of growing consumer demand for healthier options, more businesses and regulatory requirements for APAC beverage manufacturers are paying more attention to their products' functional properties. Henceforth, functional ingredients added to water are quickly emerging as a distinct and recognizable category. What are the factors driving the sparkling water market. Understanding the segments helps in identifying the importance of different factors that aid the market growth. You need a Statista Account for unlimited access. Our studies analysts will assist you to get custom designed info to your report, which may be changed in phrases of a particular region, utility or any statistical info. 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. Based on the category, plain is expected to dominate the market over the forecast period. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term. Market Overview: The enhanced waters are generally micronutrients-fortified, hence a dominating segment. Sales of the leading bottled still water brands in the U.S. 2022, Key brands' market share of bottled still water in the U.S. 2022, Sales of the leading bottled sparkling water brands in the U.S. 2021, Per capita consumption of bottled water in the U.S. 1999-2021. The MarketWatch News Department was not involved in the creation of this content. Contact the source provider Comtex at editorial@comtex.com. The others segment dominated the global sparkling water market and held a share of 36.4% in 2020. b. Which distribution channel is expected to dominate the global market? All Rights Reserved. This report segments the global Sparkling Water market comprehensively. Micronutrient Segment to Dominate due to Growing Consumer Inclination towards Natural Ingredients. 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. Some of the prominent players reviewed in the research report include: Get Sample Copy of Sparkling Water Market Report. Convenience stores help consumers on the go stay hydrated, and with consumers increasingly looking for healthier options, there are plenty of opportunities to promote and grow sales of functional ingredients added water. The innovation in bottling (packaging) technology, coupled with a strengthening retail distribution scenario, further facilitates the market for functional ingredients enriched water. The developed market of North America is a clear leading region for functional ingredients added water sales owing to its robust growth in the U.S. We never share your personal data. 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. Sparkling water market - Key market driver analysis. These advertisements highlight the quality and hydration benefits of the product, and also emphasize taste and convenience. They have additional health benefits, and these benefits can range from increased energy to hydration and probiotic energy. Am I crazy? After my mother died, my cousin took her designer purse, and my aunt took 8 paintings from her home then things really escalated, It broke me: Everyone says you need power of attorney, but nobody tells you how hard it is to use. Feb 23, 2023 (The Expresswire) -- Addition or alteration to country, regional & segment scope. Final Report will add the analysis of the impact of COVID-19 on this industry. The Global Sparkling Water Market is estimated to be worth $76.95 billion by 2028. Apart from business strategies, the study includes current developments and key financials. Register in seconds and access exclusive features. Learn more about how Statista can support your business. Growing at a CAGR of 7.55%, the market will exhibit steady growth in the forecast period (2021-2028). Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. Asia Pacific market for functional water is also set to experience a significant growth rate as consumers are becoming increasingly aware of the benefits of specialty offerings. By continuing to visit this site you agree to our use of cookies . Copyright 2002-2023 Research and Markets. Which region dominated the sparkling water market? to incorporate the statistic into your presentation at any time. Nous, Yahoo, faisons partie de la famille de marques Yahoo. The product is a PDF. Flavored sparkling water costs around US$ 1.72 and normal or unflavoured costs around US$ 0.70, which has positively impacted the demand of the plain market. Functional ingredients added water continues on a solid growth trajectory and, in fact, grew rapidly in the first half of 2020. The others segment dominated the market and held a share of 36.4% in 2020. Proliferating demand for fortified beverage is a key factor that drives the markets growth. In Europe, quick-service restaurants are expanding at a notable growth rate. statistic alerts) please log in with your personal account. The growing demand for natural and healthy water among consumers is driving the segment. After COVID-19, consumers have become more anxious, and they have started giving priority to immune health. Regional and Private Label Brands Eye Expansions to Penetrate New Markets. However, widespread home isolation orders have spurred the demand for bottled water of various kinds among households across the globe, including sparkling water. The demand from sparkling water is significantly increasing owing to health benefits associated with it such as weight management, improves digestion, and provides . The micronutrient is expected to be the leading segment based on ingredient in the global market during the forecast period. The global sparkling water market is projected to grow at a CAGR of 12. . At what CAGR is the functional water market projected to grow in the forecast period (2021-2028)? As a Premium user you get access to the detailed source references and background information about this statistic. During the initial months of the Covid-19 pandemic, a majority of public places and offices were shut, which led to a significant drop in the commercial demand for sparkling water. 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. Which distribution channel led the sparkling water market? As people's awareness of obesity and diet-related diseases increases, the food and beverage industry is increasingly focusing on adding more fiber to beverages to obtain benefits such as calorie reduction, weight control, and promoting digestive health. Nestl; PepsiCo, Inc.; National Beverage Corp.; Talking Rain; Keurig Dr Pepper Inc.; The Coca-Cola Company; Danone S.A.; SANPELLEGRINO S.P.A.; Clear Cut Phocus; Caribou Coffee Operating Company, Inc.; Hiball; RHODIUS Mineralquellen und Getrnke GmbH & Co. KG; AQUA Carpatica; Northwest Coffee; Volay Brands, LLC; WakeWater Beverage Co.; Big Watt Cold Beverage Co. Free report customization (equivalent up to 8 analysts working days) with purchase. Some of the key players operating in the sparkling water market are Nestl, PepsiCo, Inc., National Beverage Corp., Talking Rain, Keurig Dr Pepper Inc., The Coca-Cola Company, Danone S.A., SANPELLEGRINO S.P.A., Clear Cut Phocus, and RHODIUS Mineralquellen und Getrnke GmbH & Co. KG. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. We use cookies to enhance your experience. Innovative Product Development Efforts by Manufacturers to Drive Market Growth. Whats our next move? "The quality of research they have done for us has been excellent.". Feb 23, 2023 (The Expresswire) -- The Research report on " Sparkling Water Market " Growth for 2023 provides a comprehensive analysis of the industry, including revenue projections, regional. North America Functional Water Market Size, 2020 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample. Chapter 9: Analysis of sales channel, distributors and customers. Please wait while we are processing your request Sparkling Water Market Share & Trends Report, 2021-2028. Chapter 2: Detailed analysis of Sparkling Water manufacturers competitive landscape, price, output and revenue market share, latest development plan, merger, and acquisition information, etc. Global Sparkling Water Market: Segment Analysis The research report includes specific segments by region (country), by company, by Type and by Application. For instance, in 2020, Ocean Spray Cranberries, Inc., an American-based company, launched B1U, a new series of functional beverages made with simple ingredients and in recyclable packaging. From the rise of premium and functional waters to the growing demand for sustainable packaging, the bottled water market is constantly evolving. Chart. Competitive Landscape and Sparkling Water Market Share Analysis. With the growing trend of leading a healthy lifestyle among all age groups, people around the globe are gradually shifting to healthy and innovative drinks, including sparkling water.