(Food-Beverage-News.Com, October 07, 2017 ) According to the report Middle East and Africa Flavoured Water Market, published by Market Data Forecast the Market is worth USD 3.86billion in 2016 and estimated to grow at a CAGR of 21.8%, to reach USD10.34 billion by 2021. The global Flavoured Water market is developing at an exceptionally quick pace. Flavoured water is made of various combinations and substances like minerals herbs crude products etc. It uses many natural and artificial sweeteners.
These added substances and cancer prevention agents give additional healthful esteems and advantages to functional water. Emerging health concerns has prompted the move from carbonated or simulated soda pops to other choices including flavoured and functional water.
Reduced switching costs and health benefits are primary reasons for the popularity of functional water. Increasing awareness & Growing prevalence of obesity and about healthy lifestyle among population is expected to remain the key force governing the growth of the global flavored and functional water market. Also there are many flavors and options available are driving the market. Though prices of these functional and flavoured water are more than others, increasing income are able to compensate for that. Campaign against plastic is causing a trouble to this industry.
The Middle East and Africa market for Flavored Water is segmented on the basis of type and region. Based on type, the market is segmented into Flavoured water and Functional water. Of these, functional water is expected to grow at a better pace as more people are inclining to healthier drinks instead of ordinary water/beverages.
The market has been geographically segmented into Middle East and Africa. The market is anticipated to keep thriving in both created and creating districts. The development is additionally credited to the developing interest in flavoured and functional water. The CAGR IS 21.79% which is highest among all the countries and regions.
Hint Water, Kraft Foods, Balance Water Company, Nestle Water, Herbal Water, PepsiCo, The Coca-Cola Company and Groupe Danone, New York Spring Water and Sunny Delight Beverage Company are the leaders in the global Flavoured Water market.
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