Functional Water Market

   2019-08-21       78        Business
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Functional Water Market was valued US$ Mn in 2017 and is estimated to reach US$ Mn by 2026 at a CAGR of during the forecast.

Functional Water Market was valued US$  Mn in 2017 and is estimated to reach US$  Mn by 2026 at a CAGR of   during the forecast.

An escalating population of health-conscious consumers and the health benefits of consuming functional water attributed to the presence of minerals, vitamins, herbs and other essential elements drives the functional water market. In addition, an increasing rate of obesity, diabetes and other diseases is compelling consumers to avoid sugary soft drinks has resulted into a positive impact on the global functional water market. Functional water market is expanding rapidly owning to change in beverage consumption habits, preference has shifted from high sugar, carbonated beverages to functional water. Major restraint for functional water market is its fluctuation in cost. Customer's bargaining power has increased due to the availability of abundant substitutes and low switching costs.

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