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Functional Water Market Report by Product (Flavored Functional Water, Unflavored Functional Water), Ingredient (Micronutrients, Botanical Extracts, and Others), Type (Vitamins, Proteins, and Others), Packaging Types (PET Bottles, Cans, and Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Online Stores), and Region 2024-2032

April 2024 | 136 pages | ID: F039A2B5C9C2EN
IMARC Group

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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., NestlŠ¹ 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?
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
11.2 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
11.3 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
11.4 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
11.5 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 NestlŠ¹ 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

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

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


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