Water Enhancer Market to Observe Strong Development by 2030: Grand View Research Inc.

 Water Enhancer Market Growth & Trends

The global water enhancer market size is expected to reach USD 5.84 billion by 2030, registering a CAGR of 9.8% during the forecast period, according to a new report by Grand View Research, Inc. Increasing awareness and adoption of a healthy lifestyle including daily intake of nutritious drinks across the globe act as the major driving force for the industry growth. Moreover, the significant changes in the flavored and healthy water consumption patterns of consumers, especially during the lockdown period, across the globe further contributed to the industry growth. The other factors that drive the market include the growing demand for sports nutrition-based water enhancers. During the COVID-19 pandemic, product sales decreased due to the shutdown of offline retail chains, such as supermarkets, hypermarkets, and convenience stores, across all regions to prevent the spread of the COVID-19 virus. Moreover, the disruption in the supply chain including the import and export further impacted the market during the pandemic.

A significant decline in the import of flavored water-based enhancers in developed economies, such as the U.S., U.K., and Germany, impacted the industry growth during the COVID-19 pandemic. The non-nutritional product segment contributed to a larger revenue share in 2021. The market is mainly driven by the significant demand for water enhancers for flavor and color. Moreover, the availability of various flavors and ingredients in this product category contributes to the larger share of this segment. The nutritional product segment is projected to grow significantly during the forecast period due to the rising demand for healthy beverage products in developed economies. The industry is also analyzed on the basis of the form including liquid and powder. The liquid form segment held the largest market share in 2021.

A rise in the adoption of liquid water enhancer products owing to the convenient packaging is one of the major driving factors that contributed to the market growth. The key manufacturers in the market are mainly offering the liquid form-based water enhancer in flexible and convenient packaging. The powder segment is projected to grow significantly over the forecast period due to the rising focus of emerging companies on launching new products in powder form.

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Water Enhancer Market Report Highlights

• North America held the largest revenue share in 2021 due to the popularity of nutritious water enhancers as a suitable healthy diet option for all age groups
• Europe accounted for a significant revenue share in 2021 and is expected to grow at a steady CAGR from 2022 to 2030
• Significant growth in the sales of sports and energy water enhancers in Belgium and Italy contributed to the market share
• The rising awareness about healthy water intake in the U.K., Germany, and France will drive the region’s growth during the forecast years
• In addition, the marketing of energy drink mixes products through social media and endorsement by celebrities & athletes further boosts the demand for nutritious water enhancers in this region.
• The online distribution channel segment is expected to register the fastest growth rate during the forecast years
• This growth can be credited to the significant focus of major manufacturers on adopting technologically advanced e-commerce technology to boost their product sales
• Manufacturers are increasingly preferring door-step delivery with nominal tenure by using the online sales platform and mobile application, which also helps customers track the orders.

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Water Enhancer Market Segmentation

Grand View Research has segmented the global water enhancer market based on product, form, distribution channel, and region:

Water Enhancer Product Outlook (Revenue, USD Million, 2017 - 2030)

• Non-Nutritional
• Nutritional

Water Enhancer Form Outlook (Revenue, USD Million, 2017 - 2030)

• Liquid
• Powder

Water Enhancer Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

• Offline
• Online

Water Enhancer Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
  • Belgium
  • The Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • Singapore
  • Australia
• Central & South America
  • Panama
• Middle East & Africa
  • UAE

List of Key Players of the Water Enhancer Market

• PepsiCo, Inc.
• Nestle S.A.
• The Coca-Cola Company
• The Kraft Heinz Company
• Jel Sert
• SweetLeaf Stevia Sweetener
• Nuun
• Dyla LLC (Stur)
• 4C foods
• Arizona Beverages USA
• Heartland Food Products Group
• Keurig Dr. Pepper
• Mondelez International
• Refresco

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.