Seattle, Jan. 23, 2019 (GLOBE NEWSWIRE) -- The global flavored and functional water market was valued at US$ 29.12 billion in 2017 and is projected to exhibit a CAGR of 11.5% during the forecast period (2018–2026).
Key Trends and Analysis of the Flavored and Functional Water Market:
Increasing consumption of bottled and packaged water is fueling growth of the flavored and functional water market. For instance, according to the International Bottled Water Association, consumption of bottled water increased by 7.9% in 2015, as compared to previous year in the U.S. Also, according to Statistics Canada survey in 2015, around 19% of the households in Canada drink primarily bottled water.
Request Sample Pages of this Report @ https://www.coherentmarketinsights.com/insight/request-sample/1646
Furthermore, health benefits of functional and flavored water is propelling growth of the flavored and functional water market. Flavored water is purified or mineral water infused with different flavors, fruit extracts, and sweeteners. Functional water is fortified with vitamins, minerals, amino acids, herbal extracts such as licorice extracts, and others, in order to make it healthier for consumption.
Players operating in the flavored and functional water market are developing and launching functional and flavored water in innovative flavors to cater to growing consumer demand. For instance, in January 2018, JUST Beverage Company launched a line of flavored water including organic apple cinnamon, organic lemon, and organic tangerine.
To know the latest trends and insights prevalent in this market, click the link below:
Key Market Takeaways:
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave. #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: firstname.lastname@example.org