Market Size Valued at USD 30.24 Billion in 2023, Anticipated to Reach USD 50.50 Billion by 2030 at a 7.6% CAGR
The global flavoured water market, valued at USD 30.24 billion in 2023, is projected to grow at a 7.6% compound annual growth rate (CAGR), reaching an estimated USD 50.50 billion by 2030. Flavoured water, which includes natural or artificial flavorings and optional sweeteners, has gained popularity due to its low-calorie profile and potential health benefits. It provides consumers with hydration options enhanced with vitamins, minerals, and flavors, catering to rising demand for healthier beverage alternatives.
The flavoured water market encompasses a variety of segments defined by type (sparkling, still, and others) and distribution channel (supermarkets, convenience stores, and others). The report explores growth opportunities and trends in key regions, including North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The flavoured water market’s expansion is fueled by:
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The Asia Pacific region, leading with a 54.6% market share in 2023, is projected to witness robust growth due to a large consumer base and increasing health awareness in countries like China, India, and Japan. Meanwhile, North America is expected to grow at a CAGR of 7.4%, driven by the United States’ strong demand for functional water products and bottled water sales exceeding those of soft drinks.
This comprehensive report provides actionable insights, supporting stakeholders to make informed business decisions, identify growth opportunities, and understand market dynamics. It covers competitive landscapes, strategic market movements, and innovations that are shaping the future of the global flavoured water industry.
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