(Food-Beverage-News.Com, September 19, 2017 ) The Latin America Water Enhancers Market was worth $113.85 million in 2016 and estimated to be growing at a CAGR of 13.1%, to reach $210.69 million by 2021. Product advancement, improved distribution and changing perception of consumers will be beneficial for this market.
Flavouring plain water with different variety of enhancers is high in demand in recent times. This lead to the addition of ingredients ranging from natural or artificial flavours, sweeteners, sugar, vitamins, minerals and other enhancements to formulate enhanced water.
Customers, due to growing health consciousness, are seen to be avoiding the consumption of carbonated drinks. Other factors driving the market growth are high demand of water enhancers Market at large scale and increasing consumption of bottled water. Lack of consumer friendly manufacturing practices and absence of stringent regulations are osme of the factors hindering the market growth.
The Latin America Water enhancers market is segmented on the basis of product type into Flavoured drops, Energy drops, Fitness and workout drops. Out of all, Energy drops segment leads the market due to their demand amongst the athletic and fitness-oriented consumers. Based on the active ingredients present the market is categorized into Vitamins, Electrolytes, Sweeteners, and Anti-oxidants. Furthermore, based on the source type the market is analysed under Fruits, Vegetables, Tea and Coffee, Coconut water & other inclusive segments.
Based on geography Latin America market is segmented into Mexico, Argentina and Brazil. Mexico is leading the water enhancers market in the Latin America region.
The companies with constant expansion of production capacities and product range with a backed up appealing marketing strategy have gained a substantial consumer demand and are progressing consequently. Therefore, the new entrants should concentrate on effective supply chain moderations to compete with the big players. Some of the major companies in the market include Arizona Beverages USA, The Coca-Cola Company, PepsiCo, Nestle and Kraft foods.
Market Segmentation
1) By Active Ingredients Vitamins Electrolytes Sweeteners Anti-oxidants Other Ingredients
2) By Source Type Fruits Vegetables Tea and Coffee Coconut water
3) By Product Type Flavoured drops Energy drops Fitness and workout drops
Reasons to buy Latin America Water Enhancers Market Research Report:
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analyzing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
About Market Data Forecast: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialties with competitive pricing options.
