The Europe Flavored Water Market is worth USD 7.8billion in 2016 and estimated to grow at a CAGR of 6.5%, to reach USD 10.7 billion by 2021.
Hyderabad, India -- (SBWIRE) -- 03/19/2018 -- The progressively fast lifestyle among the population and the demand for readymade nutrient supplements promote the expansion of the flavored water market. Flavored and functional water is one among such healthy alternatives; wherein flavored water is a bottled mineral, purified, or spring water, and functional water is its by-product with additional useful value in form of vitamins and botanicals.
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Europe flavored Water Market is valued at USD 7.8 billion in 2016 and is projected to grow at a CAGR of 6.5%, to achieve USD 10.7 billion by 2021.
Rising health consciousness among customers is promoting the recognition of healthy alternatives to standard food and beverages that they typically consume.
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Functional Water is created by adding nutrients and minerals alongside additional flavors to normal water. Hence, the demand for nutrient supplements by sportspersons, athletes and active individuals worldwide is pictured to be behind the projected high rate of growth of the Flavored Water. Increasing interest to have a balanced life among the regional population is the main reason behind the increasing scope of the trade.
Cancer prevention agents are also used as additives in the manufacture of some types of flavored waters. Extra health advantages of the flavored waters promote the shift of people's preference from the unhealthy alternatives like carbonated soft drinks.
The Europe market has been geographically classified as Germany, U.K, France, Spain, and Italy. With growing economies like the Germany, Italy and France, Europe provides the biggest market share within the world market.
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The major companies in the present market are Hint Water, Kraft Foods, Balance Water Company, Nestle Water, Herbal Water, PepsiCo, The Coca-Cola Company and Groupe Danone, New York Spring Water and Sunny Delight Beverage Company.
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