ALBANY, N.Y., Sept. 10, 2020
- Established players exist in the market, yet, there are sufficient opportunities available for new players
- Fortified water is set to witness notable increase in demand over the forecast period, contributing to growth in the market
- United States of America to remain a lucrative market over the forecast period
ALBANY, N.Y., Sept. 10, 2020 /PRNewswire/ -- The global flavored and functional water market is set to grow at a stellar pace over the forecast period of 2020 to 2030. The compound annual growth rate that it is anticipated to chart is 11.6%, adding to the market valuation considerably. Additionally, players in the market will hustle to tap into novel opportunities, which are expected to emerge as a result of sturdy growth rate.
Transparency Market Research (TMR) notes, "World over, more people are opting for a healthier lifestyle as awareness regarding growing incidence of a string of lifestyle diseases and their causes is catching up. This is leading to notable shift towards healthier foods and drinks from carbonated and sweetened variants."
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Key Findings of Growth in Global Flavored and Functional Water Market Study:
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Key Drivers of Growth in Global Flavored and Functional Water Market:
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Regional Analysis of Global Flavored and Functional Water Market:
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Competitive Landscape of Global Flavored and Functional Water Market:
The vendor landscape of global flavored and functional water market has witnessed a number of players entering the fray in the recent past. A result of this is that the market landscape has witnessed a number of product launches, which have driven the market worth higher in a major way. Additionally, it is important to note that this is also the reason behind the fierce competition that is at play in the market.
Some of the most proactive and distinguished players in the global flavored and functional water market are Hint Water, Groupe Danone, The Coca-Cola Company, PepsiCo, and New York Spring Water, among others. In its report on the market's, Transparency Market Research has extensively covered these players – financials, company information, product details, growth strategies, recent developments and so on.
Of the wide range of strategies that the players opt for to lay claim to a larger share of the market, focus on innovation and new product development are quite crucial. A number of top-tier players are directing efforts towards advanced packaging and are coming up with new and exotic flavors.
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The report segments the global flavored and functional water market as:
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Coconut Syrup Market - Due to the excessive consumption of unhealthy food products, the incidence of health issues such as obesity, diabetes, cholesterol, and blood pressure are increasing across the globe. According to the WHO, in 2016 diabetes led to nearly 1.6 million deaths. From youngsters to older individuals, all age groups have become highly conscious of their wellness and are concentrating on exercising regularly and following a proper diet plan. To avoid health issues, consumers are avoiding intake of sugar in their daily diet due to which, the sale of non-sugar sweetener is increasing. Coconut syrup has low glycemic index than glucose, and can be used as an alternative sweetener for obese, diabetic and people with dental carries. Non-sugar sweeteners are becoming popular among the diabetic and obese population, which drives the coconut syrup market. Coconut syrup contains high amount of nutrients as compared to honey, maple, and agave due to which the demand for coconut syrup is increasing rapidly.
Egg Protein Market - Egg proteins have different functions such as thickening, leavening, binding, preservatives/antimicrobial, emulsifying, crystalization, and others. Owing to the growing end-use applications due to multiple functionalities, binding is becoming popular, and this segment is expected to grow rapidly at a CAGR of 8.5%, in the global egg protein market during the period of 2019-2029.
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