Latin America Flavored Water Market

Latin America Flavored Water Market Growth and Forecast (2023 - 2028):

The Latin America Flavored Water Market is worth USD 2.21 billion in 2022 and estimated to grow at a CAGR of 6.93%, to reach USD 3.10 billion by 2028. The Latin America Flavored Water market is developing at an exceptionally quick pace.

Market Overview:

The functional water is made from Flavored water and prepared using herbs, crude products of the soil and oxygen. Flavored water is a blend of mineral water, different organic product juices concentrations, (for example, pineapple, blackberry, mango, apple, strawberry, orange and others), normal sweeteners and artificial sweeteners. These added substances and cancer prevention agents give additional healthful advantages to functional water. Developing health concerns has prompted the move from carbonated or simulated soda pops to better options including Flavored and functional water.

Drivers and Restraints:

There are many options available for Flavored water .Increasing awareness of obesity and about healthy lifestyle among population is expected to remain the key force governing the growth of the functional water market.   Reduced switching costs and health benefits are primary reasons for the popularity of functional water. Also there are many flavors and options available are driving the market. Though prices of these functional and Flavored water are more than others, increasing income are able to compensate for that.  Campaigns against use of plastic has limted the growth of this industry.

Latin America Flavored Water Market Segmentation Analysis:

The Latin America market for Flavored Water is segmented on the basis of type and region. Based on type, the market is segmented into Flavored 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.

Region Analysis:

Geographically the Latin America Flavored Water Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. The market is anticipated to keep thriving in both created and creating districts. The development is additionally credited to the developing interest in Flavored and functional water.

Key Players in the Market:

Major Key Players in the Latin America Flavored Water Market are

• Hint Water
• Kraft Foods
• Balance Water Company
• Nestle Water
• Herbal Water
• PepsiCo
• The Coca-Cola Company
• Groupe Danone
• New York Spring Water
• Sunny Delight Beverage Company