Latin America Flavored Water Market By Product Type (Flavored Water And Functional Water) And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)
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According to the report Latin America Flavored Water market, published by Market Data Forecast, the Market is worth USD 1.84 billion in 2016 and estimated to grow at a CAGR of 6.93%, to reach USD 2.57 billion by 2021. The global Flavored Water market is developing at an exceptionally quick pace.
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.
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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.
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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 limited the growth of this industry.
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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.
Latin America market region includes countries such as Brazil, Mexico, Argentina, and remaining countries of South 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.
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Hint Water, Kraft Foods, Balance Water Company, Nestle Water, Herbal Water, PepsiCo, The Coca-Cola Company and Groupe Danone, New York Spring Water and Sunny Delight Beverage Company are the leaders in the global Flavored Water market.
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