Electrolyte and Vitamin Water Market in APAC to Worth $3 Billion by 2023
Arizton’s recent market research report on the global electrolyte and vitamin water market identifies Glaceau, PepsiCo, Danone, Vitamin Well, Big Red Inc, and Talking Rain as the leading vendors that are likely to dominate the market during the forecast period. This research report provides detailed analysis of market segmentation by fortification (only electrolyte, only vitamin, and vitamin and electrolyte), by packaging (PET, glass, and can), by type (sweetened and unsweetened), by variants (unflavored and flavored), and by geography (North America, Europe, APAC, and ROW).
The global electrolyte and vitamin water market are anticipated to reach values of around $8 billion by 2023, growing at a CAGR of more than 10% during 2018-2023.
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The global electrolyte and vitamin water market are divided into five major segments that consist of fortification, packaging, type, variants, and geography.
APAC to grow at the fastest CAGR in the global electrolyte and vitamin water market during forecast period
The global electrolyte and vitamin water market by geography are segmented into North America, Europe, APAC, and ROW. APAC occupied a significant market share in 2017, growing at a CAGR of more than 14% during the forecast period. The robust development of the manufacturing and retail industries, including food and beverage, automotive, semiconductor, pharmaceutical, construction, and defense is propelling the growth of the market in the APAC region. The establishment of progressive government policies, favorable taxation, and a general rise in disposable incomes are some of the factors attributing to the growing demand in the APAC market. The increasing preferences for healthy and natural food and beverage goods are encouraging companies to launch new products in the APAC region. China, India, Japan, and Australia are gaining significant share in the global electrolyte and vitamin water market. Furthermore, the entry of various foreign and multinational brands in the APAC will boost the revenues in this region.
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Vitamin water segment to grow at an impressive CAGR in the global electrolyte and vitamin water market during forecast period
The fortification segment in the global electrolyte and vitamin water market is classified into only electrolyte, only vitamin, and vitamin and electrolyte water.
The vitamin water segment dominated a considerable market share in 2017, growing at a CAGR of over 12% during the forecast period.
The most commonly found components in vitamin water are B3, B5, B6, and B12. Leading manufacturers are launching a range of bottled water enhanced with vitamin D, C, and E to attract new consumers and leverage the growing demand for these products in the global electrolyte and vitamin water market. The growing trend for introducing non-GMO, zero calories, and natural flavored enhanced water will help manufacturers gain larger market share and boost revenues in the global market over the next few years. The leading companies are also leveraging strategic marketing activities to promote vitamin water as the best alternative to carbonated soft drinks and juices in the global electrolyte and vitamin water market.
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Unsweetened water segment to grow at a significant CAGR in the global electrolyte and vitamin water market during forecast period
The global electrolyte and vitamin water market by product type are categorized into sweetened and unsweetened type. The unsweetened type occupied a considerable market share in 2017, growing at a CAGR of over 13% during the forecast period. These products have no sweeteners and get the aroma or flavor using natural fruits and seed oil. These variants are gaining immense traction amongst the health and fitness enthusiast resulting in the exponential growth of this segment in the global electrolyte and vitamin water market. According to the research by analysts at Arizton, there are around 39 product brands which did not use any sweetening agents in the global electrolyte and vitamin water market. Electrolytes are the primary ingredient in the unsweetened products that are currently available in the global market.
The complete overview of the latest market research report on electrolyte and vitamin water market by Arizton is now available.
The other prominent players in the global vitamin and electrolyte water market include Beltek Canadian Water (Wild), Narang Group, Unique Foods, Giant Beverages, NongFu Springs, CBD Naturals, Nestle, Karma Culture LLC, Ten Water, Pocari Sweat, Pervida, New York Spring Water, Mountain Valley Spring Water, Kick20, Fiji Water, Essentia, BAI, and 3 Water.
The report also offers a detailed study of major trends, drivers, challenges, and also provides the market size and forecast for major geographical regions and key countries.
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