Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 5.78 Billion | USD 12.04 Billion | 8.5% | 2023 |
Zion Market Research has published a report on the global Enhanced Water Market, estimating its value at USD 5.78 Billion in 2023, with projections indicating that it will reach USD 12.04 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 8.5% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Enhanced Water Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
Enhanced water is a kind of beverage containing new ingredients including minerals, natural flavors, artificial flavors, and vitamins providing taste & nutrition. Apart from this, enhanced water comprises of low sugar as compared to soda along with minerals & vitamins. Furthermore, flavored nutritional beverages have attained huge customer attention. The product also possesses constituents such as magnesium, potassium, and sodium and this helps in balancing ions in the human body. With over large proportion of the global population being obese and suffering from myriad ailments like diabetes and hypertension, the market for enhanced water is predicted to gain traction over the forecast timespan. In addition to this, enhanced water is composed of plant ingredients, fruit & vegetable extracts, and plant waters.
The massive significance of hydration beverages among end-users is set to influence the enhanced water industry over the assessment period. Furthermore, enhanced water also possesses carbohydrates facilitating revitalization of the human body. Escalating consciousness pertaining to the hazardous effects of dehydration on human health will translate into massive growth of the enhanced water industry during the forecast timeline. Customer inclination toward herbal products has transformed into huge demand for enhanced water in recent years. Nonetheless, a rise in focus on improved health and consumption of hydrated beverages by people belonging to all age groups is expected to carve out a profitable growth chart for the enhanced water market over the assessment period.
Furthermore, growing urbanization and inclination of customers towards intake of bottled waters will drive market trends. However, low awareness about products can impede the expansion of the enhanced water industry in near future.
Asia Pacific Market To Register Highest Gains Over Forecast Timespan
Expansion of the enhanced water market in the Asia Pacific over 2021-2028 can be credited to the growing trend among youth towards workout and exercises in the sub-continent. In addition to this, large-scale consumption of enhanced water by sports persons after workouts & training sessions will steer regional market growth in the foreseeable future. Apart from this, surging preference for pure, stimulant-free, and chemical-free products will increase sales & penetration of enhanced water in the sub-continent over the years to come.
Report Attributes | Report Details |
---|---|
Report Name | Enhanced Water Market |
Market Size in 2023 | USD 5.78 Billion |
Market Forecast in 2032 | USD 12.04 Billion |
Growth Rate | CAGR of 8.5% |
Number of Pages | 130 |
Key Companies Covered | BiPro USA, GREEN-GO LLC, JUST WATER, Montane Sparkling Spring Water, CORE Nutrition LLC, Alpina, H2rOse, ax water, Karma Culture LLC, and Liquid Death Mountain Water |
Segments Covered | By Distribution Channel, By Product, By End-User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global Enhanced Water Market is segmented as follows:
FrequentlyAsked Questions
Massive significance of hydration beverages among end-users is set to influence enhanced water industry over assessment period. Furthermore, enhanced water also possess carbohydrates facilitating revitalization of human body. Escalating consciousness pertaining to hazardous effects of dehydration on human health will translate into massive growth of enhanced water industry during forecast timeline. Massive customer inclination towards herbal products has transformed into huge demand for enhanced water in the recent years. Nonetheless, rise in focus on improved health and consuming of hydrated beverages by people belonging to all age groups is expected to carve out a profitable growth chart for enhanced water market over assessment period. Furthermore, growing urbanization and inclination of customers towards intake of bottled waters will drive market trends.
According to Zion market research report, the global Enhanced Water market accrued earnings worth approximately US$ 5.78 Billion in 2023, set to reach US$ 12.04 Billion by 2032 at a CAGR of about 8.5% from 2024 to 2032.
Asia Pacific will contribute lucratively towards the global market size over the estimated timeline. The regional market surge is due to growing trend among youth towards workout and exercises in the sub-continent. In addition to this, large-scale consumption of enhanced water by sports persons after workouts & training sessions will steer regional market growth in foreseeable future. Apart from this, surging preference for pure, stimulant-free, and chemical free products will increase sale & penetration of enhanced water in the sub-continent over the years to come.
The key market participants include BiPro USA, GREEN-GO LLC, JUST WATER, Montane Sparkling Spring Water, CORE Nutrition LLC, lalpina, H2rOse, ax water, Karma Culture LLC, and Liquid Death Mountain Water.
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