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    Breaking News

    Functional Waters Market to Double By 2020

    Global market grew 11% to $12 billion in value, according to Zenith International.

    02.03.16
    The global market for functional waters surged in 2015, rising by an estimated 12% in volume to 5,500 million liters and 11% in value to $12 billion, according to a new report from food and drinks industry consultancy Zenith International. The market is forecast to double over the next five years, primarily driven by rapid growth in Asia-Pacific.

    The 2016 Zenith Report on Flavored Functional Water Innovation identified nine key areas of focus for new product development initiatives since 2013: natural ingredients, natural sweeteners, diversified flavors, energy waters, beauty and wellness waters, vitamin waters, protein waters, innovative functionality and minimalist packaging.

    Fifty eight in-depth brand profiles offer product images as well as detailed information such as launch date, packaging type and size, pricing, ingredients, variants and marketing. These are analyzed under six headings: functional claims, functional ingredients, still waters, sparkling waters, children's waters and packaging.

    "Functional waters provide added benefits for health conscious consumers at a substantial price premium for the industry," commented Zenith Chairman Richard Hall. "The most common added ingredients are vitamins and minerals alongside herbs and fruit flavors. These are generally combined to provide a targeted package of taste, convenience and lifestyle with a well-being appeal.

    "Our 2016 report brings together all the latest in product development around the world and is intended to serve as an ideal reference for any company seeking to create or expand a presence in this rapidly growing market," he concluded.

    Among other points highlighted in the Zenith report:

    • Still water dominates the flavored functional water market, accounting for 90% of global volume.
    • Consumption per person is highest in North America, Asia-Pacific and Western Europe.
    • China, the U.S. and Japan lead in terms of volume by country.
    • The top 3 brands are Mizone from Danone, Glacéau Vitaminwater from Coca-Cola and Propel from PepsiCo.

    The 2016 Zenith Report on Flavoured Functional Water Innovation contains profiles on 58 brands launched between 2013 and 2016 across five regions under six categories. For more information contact Zenith International at +44 (0)1225 327900 or e-mail info@zenithinternational.com.
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