ALBANY, N.Y., Sept. 10, 2020 /PRNewswire/ -- The global flavored and functional water market is set to grow at a stellar pace over the forecast period of 2020 to 2030. The compound annual growth rate that it is anticipated to chart is 11.6%, adding to the market valuation considerably. Additionally, players in the market will hustle to tap into novel opportunities, which are expected to emerge as a result of sturdy growth rate.
Transparency Market Research (TMR) notes, "World over, more people are opting for a healthier lifestyle as awareness regarding growing incidence of a string of lifestyle diseases and their causes is catching up. This is leading to notable shift towards healthier foods and drinks from carbonated and sweetened variants."
Competitive Landscape of Global Flavored and Functional Water Market:
The vendor landscape of global flavored and functional water market has witnessed a number of players entering the fray in the recent past. A result of this is that the market landscape has witnessed a number of product launches, which have driven the market worth higher in a major way. Additionally, it is important to note that this is also the reason behind the fierce competition that is at play in the market.
Some of the most proactive and distinguished players in the global flavored and functional water market are Hint Water, Groupe Danone, The Coca-Cola Company, PepsiCo, and New York Spring Water, among others. In its report on the market's, Transparency Market Research has extensively covered these players – financials, company information, product details, growth strategies, recent developments and so on.
Of the wide range of strategies that the players opt for to lay claim to a larger share of the market, focus on innovation and new product development are quite crucial. A number of top-tier players are directing efforts towards advanced packaging and are coming up with new and exotic flavors.
Explore Transparency Market Research's award-winning coverage of the global Food & Beverages Industry,
Vegan Cheese Market - As cheese is widely popular among all age groups, supermarket giants such as Tesco and Sainsbury's, Walmart are assisting the vegan cheese market by increasing their overall plant-based stocks. In order to keep up with the increasing demand, companies such as Northern California's Miyoko's Kitchen upgraded its 29,000 sq. ft. facility that can handle 2,000 lb. batches of vegan nut cheese.
Cashew Milk Market - A market report published by Transparency Market Research on the cashew milk market includes the global industry analysis and opportunity assessment for 2019-2029. Revenue generated from the global cashew milk market was estimated to be valued at ~US$ 91 Mn in 2019, which is projected to rise at a CAGR of 7%, to reach ~US$ 193 Mn by 2029.
Coconut Syrup Market - Due to the excessive consumption of unhealthy food products, the incidence of health issues such as obesity, diabetes, cholesterol, and blood pressure are increasing across the globe. According to the WHO, in 2016 diabetes led to nearly 1.6 million deaths. From youngsters to older individuals, all age groups have become highly conscious of their wellness and are concentrating on exercising regularly and following a proper diet plan. To avoid health issues, consumers are avoiding intake of sugar in their daily diet due to which, the sale of non-sugar sweetener is increasing. Coconut syrup has low glycemic index than glucose, and can be used as an alternative sweetener for obese, diabetic and people with dental carries. Non-sugar sweeteners are becoming popular among the diabetic and obese population, which drives the coconut syrup market. Coconut syrup contains high amount of nutrients as compared to honey, maple, and agave due to which the demand for coconut syrup is increasing rapidly.
Egg Protein Market - Egg proteins have different functions such as thickening, leavening, binding, preservatives/antimicrobial, emulsifying, crystalization, and others. Owing to the growing end-use applications due to multiple functionalities, binding is becoming popular, and this segment is expected to grow rapidly at a CAGR of 8.5%, in the global egg protein market during the period of 2019-2029.
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.