Flavoured and Functional Water Dispenser is a type of a water cooler that enhances the water quality by adding mineral water, spring water, sweeteners, and natural or artificial flavors, The significant presence of minerals, nutrients, and other vital supplements has led to an increase in the consumption of flavored and functional water dispensers globally.
|Study Period||Historical Data: 2015-19|
|Base Year: 2019|
|Forecast Period: 2020-25|
|Regions Covered||North America|
|Middle East & Africa|
|Unit Denominations||USD Million/Billion & Thousand Units|
The rising prevalence of obesity and diabetes concerns has boosted the demand for flavored and functional water dispensers. Increasing pollution, rapid urbanization and industrialization, coupled with improving economic conditions, have enhanced consumers’ purchasing power. These factors are set to drive the demand for Flavored and Functional Water Dispenser market globally. Demand for flavored and functional water dispensers is also gaining traction due to rising environmental concerns among the customers. In 2019, the majority of flavored and functional water came with plastic packaging and single-use plastic waste from flavored and functional bottled water, which is a key concern for environmentalists, and is expected to hamper the market growth of flavored and functional water market and hence benefiting the dispenser market growth.
According to MarkNtel Advisors’ research report titled “Global Flavored and Functional Water Dispenser Market Analysis, 2020”, the Global Flavored and Functional Water Dispenser market is anticipated to grow at a CAGR of more than 10% during 2020-25. In 2019, North America and Europe regions dominated the Global Flavored and Functional Water Dispenser market.
In North America, the functional water market, in particular, is diversifying in various ways, with products like Cannabidiol (CBD) infused spring water and amino acid-enriched water gaining ground in the foreign markets. A Canadian spring water brand, Flow Alkaline Spring Water, has launched a line of (CBD) infused beverages called Flow Glow, that has antioxidant properties and essential minerals like calcium, magnesium, and potassium that give water an alkaline pH of 8.1 to keep the body's acid levels and electrolytes in check for optimal hydration.
In Europe, the Flavored and Functional Water Dispenser market is at its peak, experiencing high rate of sales and profit despite controversies relating to the environmental aspects of consuming single-use plastics and increased concern regarding the benefits of plain tap water rather than flavored and functional drinks. The rise comes in the wake of increased degree of awareness about the health benefits of keeping well-hydrated and concerns about high intake of calories and sugar content in soft drinks and other beverages. Moreover, taste and price are no longer the only criteria for new beverage launches; brands need to meet consumer demand for healthy, natural ingredients, for responsible sourcing, and to maintain sustainability. This is driving the further demand for flavored and functional water dispensers.
However, the existing players in the industry are focusing on offering high-end technologies to the end users to remain competitive in the market.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecasted up-to 2025.
A. The market size/industry size or the market value is measured in terms of USD Million, while the market volume is measured in terms of Unit sold (Thousand Units).
A. The market size of Global Flavoured and Functional Water Dispenser Market during 2020-25 is forecast to be more than 10%.
A. North America and Europe region dominated the global flavoured and functional water dispenser market.
A. Yes, the scope of the report encompasses detailed country statistics such as market size, market segmentation based on various subcategories.
A. The commercial segment held the largest market share in 2019. However, with the upgradations in the automotive models and the buffering demand for connected vehicles, the automotive segment is anticipated to outpace the market with the highest CAGR market growth through 2025.
A. In Europe, combination market is at its peak, experiencing good sales and successful profit despite controversies relating to the environmental aspects of consuming single-use plastics and increased concern on the benefits of plain tap water rather than flavoured and functional drinks. Whereas in North America, the functional water market, in particular, is diversifying in unexpected ways, with products like Cannabidiol (CBD) infused spring water and amino acid-enriched water gaining ground in foreign markets.