The Asia Pacific Enhanced Water Market would witness market growth of 15% CAGR during the forecast period (2020-2026).
Enhanced water has become a feasible option to a large consumer base as compared to soft drinks, juices, and other carbonated drinks with the increasing requirement for clean drinking water. In addition, the demand for enhanced water would be supplemented by the increasing population, rising disposable income, growing awareness about the waterborne disease, and inclinations for low consumption of sugars. Leading players operating in the enhanced water market focus on developing innovative & unique products, aim for social improvements by providing the consumers’ consistent access to clean drinking water. Moreover, increasing capital funding by various start-ups and technological developments has further bolstered the potential of the market.
People who are suffering from a bladder infection, vomiting, fever, kidney stones, & diarrhoea prefer these products to a large extent. Doctors are now prescribing enhanced water to the pregnant & breastfeeding women at a larger extent. In addition, people who are sports enthusiasts & associated with high-intensity workouts highly consume these products. The growth of the market is boosted by the rising acceptance of enhanced water by people of all age groups. Some of the determinants for the market growth are the health-giving effects of enhanced water, and growing preferences of youth in sports & fitness-related activities. Moreover, the growth of the market is further fueled by the rising number of product launches according to the changing trends & needs of the consumers.
The Flavored market dominated the South Korea Enhanced Water Market by Product in 2019, thereby, achieving a market value of $154.6 Million by 2026, growing at a CAGR of 15.3 % during the forecast period. The Plain market is expected to witness a CAGR of 15.9% during (2020 - 2026).
Based on Product, the market is segmented into Flavored and Plain. Based on Distribution Channel, the market is segmented into Offline and Online. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include PepsiCo, Inc., The Coca Cola Company, Keurig Dr Pepper, Inc., Constellation Brands, Inc. (Karma Culture LLC), United Breweries Limited (Penta Water), H2rose, LLC, Just Goods, Inc., Montane Sparkling Spring Water, Hint Water, Inc., and Supplying Demand, Inc. (Liquid Death Mountain Water).
Scope of the Study
Market Segments covered in the Report:
By Distribution Channel
• South Korea
• Rest of Asia Pacific
• PepsiCo, Inc.
• The Coca Cola Company
• Keurig Dr Pepper, Inc.
• Constellation Brands, Inc. (Karma Culture LLC)
• United Breweries Limited (Penta Water)
• H2rose, LLC
• Just Goods, Inc.
• Montane Sparkling Spring Water
• Hint Water, Inc.
• Supplying Demand, Inc. (Liquid Death Mountain Water)
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