Global Flavored and Functional Water Market - Size, Share, Trend, Analysis to 2019

Global Flavored and Functional Water Market - Asia Pacific is

increasing rapidly (2019)

Persistence Market Research

Global Flavored and Functional Water

Market may hit $36.7 Billion in 2019 Persistence Market Research

Persistence Market Research

1

Global Flavored and Functional Water Market - Asia Pacific is

increasing rapidly (2019)

Persistence Market Research Released New Market Report “Global Market Study on Flavored

and Functional Water: Asia Pacific to Witness Highest Growth by 2019” the global

flavored and functional water market was valued at USD 17.2 billion in 2012 and is expected

to grow at a CAGR of 11.5% from 2013 to 2019, to reach an estimated value of USD 36.7

billion in 2019.

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Increasing obesity rate, rising aging population and changing consumer preferences are the

major growth drivers for the global flavored and functional water market. Growing health

concerns is restraining the masses from consuming carbonated or artificial flavored drinks

and compelling them to opt for flavored and functional water. Flavored and functional water

are generally priced similar to carbonated drinks, which reduces the switching costs for the

consumers, thus increasing flavored and functional water attractiveness. Major growth

challenges for the flavored and functional water industry include threat of substitutes and

increasing campaign against packaging bottles. Emerging markets such as countries in Asia,

Latin America and the Middle East have witnessed rising urbanization and increasing

disposable income, which act as an opportunity for the flavored and functional water.

Increasing urbanization has increased the awareness levels of the consumer regarding the

products that help in their wellbeing.

The increasing income levels have also enabled the consumers to spend on premium

products thus providing great opportunity for the market players to focus in these markets.

Expansion in the...