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United States Enhanced Water Market

United States Enhanced Water Market

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United States Enhanced Water Market, By Water Type (Alkaline Water, Nutrient Water, Electrolyte Water, Oxygenated Water), By Distribution Channel (Offline, Online), By End User (Residential, Commercial) Trend Analysis, Competitive Market Share & Forecast, 2017-2027

  • Published Date: August 2021
  • Report ID: BWC2163
  • Available Format: PDF
  • Page: 188

Report Overview

Enhanced waters are simply beverages that are promoted in the market as water but contain useful elements such as vitamins and minerals, which is why they are commonly referred to as vitamin water. Enhanced waters generally have fewer calories compared to non-diet beverages.

United States Enhanced Water Market – Industry Trends & Forecast Report, 2029

United States enhanced water market was worth USD 2,131.0 million in 2020 and is further projected to reach USD 3,554.0 million by the year 2027, growing at a CAGR of 8.1% in the forecast period. Enhanced water is gaining popularity in the United States due to its preference over alcoholic drinks and regular water. Moreover, the demand for healthful thirst-quenchers is also being met by enhanced water. Moreover, the availability of a wide variety of flavors is also driving the growth of the US enhanced water market.

United States Enhanced Water Market

Source: BlueWeave Consulting

United States Enhanced Water Market- Overview

Enhanced waters are simply beverages that are promoted in the market as water but contain useful elements such as vitamins and minerals, which is why they are commonly referred to as vitamin water. Enhanced waters generally have fewer calories compared to non-diet beverages. Besides its health benefits, this drink also has a unique combination of natural and artificial flavors and colors that make it appealing to consumers. The most popular enhanced water flavors include raspberry lime, tropical mango, strawberry lemonade, etc. Enhanced waters include zero-calorie beverages as well as those flavored with natural botanical extracts.

United States Enhanced Water Market Forecast and Trends

Growth Drivers

Availability of a Wide Range of Products

Enhanced water has gained immense popularity in the US market not only for its health benefits but also for offering a wide range of flavored and colored water. The manufacturers offer various flavors such as lemon, lime, orange, tropical boost, blackcurrant, apple, raspberry, etc. Furthermore, enhanced water manufacturers in the U.S. are also focusing on adding USP to their products by using herbal ingredients such as milk thistle and other herbal extracts. For instance, VOSS Water recently launched VOSS+ which will feature three enhanced waters with berry essence taste and citrus fruit flavors.

Health Benefits Offered by Enhanced Water

The World Health Organization (WHO) reported that 9 out of 10 US adults do not consume enough fiber for a healthy diet. This is a direct consequence of modern lifestyles. Enhanced water is a good source of essential nutrients such as sodium, potassium, magnesium, and calcium. Enhanced water supplies sufficient amounts of electrolytes necessary for maintaining fluid balance, regulating blood pressure, and assisting the muscles to contract and relax. As a result of such health benefits, enhanced water is becoming increasingly popular.

Restraints

Availability of Alternative Sources of Nutrition and Potential Health Concerns

Enhanced water is preferred over regular water because of its health benefits and ability to fulfill nutritional needs in the body. However, there are already several alternative options to achieve this purpose. Many US citizens depend on supplements in addition to regular nutritional foods to gain significant amounts of vitamins and minerals. This factor acts as a major restricting factor for the growth of the enhanced water market in the US.

Additionally, some enhanced drinks are overly rich in certain nutrients. One study found that 46 drinks contained nutrient levels that were above the recommended daily requirement. Moreover, except for vitamin D, Americans don't lack vitamins, but overdosing on some vitamins can prove harmful.

Impact of COVID-19 on United States Enhanced Water Market

The unprecedented outbreak of the COVID-19 pandemic has had a positive effect on the U.S. enhanced water market. The US was one of the worst COVID-19 affected countries in the world. The U.S. government had to impose a lockdown to curb the spread of the virus and citizens were requested to remain in quarantine. People were therefore at home during this period, and they had more time than ever before to spend on their physical and mental health. Due to this, the demand for the enhanced water also proliferated, propelling the overall market growth. Furthermore, the online channels helped maintain a smooth flow between supply and demand.

United States Enhanced Water Market - By Water Type

Based on water types, the U.S. enhanced water market is segmented into alkaline water, nutrient water, electrolyte water, and oxygenated water. Among these, the nutrient water segment accounts for the largest share in the U.S. enhanced water market. In order to maintain vitamin and mineral levels in their bodies, young and working adults prefer flavored water without sugar or sugar substitutes. However, the demand for alkaline water is also increasing at a high rate in the U.S. because of the health benefits it offers. Several studies suggested that alkaline water is very beneficial in optimizing the pH level in the body, which acts as a driving factor for this segment’s growth.

United States Enhanced Water Market - By Distribution Channel

Based on distribution channels, the U.S. enhanced water market is segmented into online and offline channels. The offline segment captures the largest market share as enhanced water is easily available in supermarkets/hypermarkets, convenience stores, drug stores, and chemist shops, etc. These outlets offer a wide range of products of different flavors, prices, and quantities. That is why the manufacturers are often dependent on offline channels for boosting the sale of their products. However, the online channels are also gaining significant traction, especially after the COVID-19 outbreak as consumers nowadays prefer purchasing things online instead of stepping out of their homes.

United States Enhanced Water Market - End Users

Based on end-users, the U.S. enhanced water market is segmented into commercial and residential. The residential segment accounts for the largest market share, fueled by the increasing health consciousness among consumers and prevalent health and fitness trends, especially among the younger demographic. Furthermore, the growing awareness of the negative impact of dehydration on human health and the increasing contaminant levels in potable water are also driving the demand for enhanced water among residential segments. The commercial segment, on the other hand, is also expected to grow at a high CAGR because of the growing demand for healthy and nutritious water in commercial spaces, such as offices, schools, universities, etc.

Competitive Landscape

The leading market players in the U.S. enhanced water market are PepsiCo, Coca-Cola, H2rose, Just Goods Inc., Constellation Brands Inc., Montane Sparkling Water, Hint Water Inc., Supplying Demand Inc., Keurig Dr Pepper, United Breweries Limited, Karma Culture LLC, and other prominent players.

In order to gain greater market penetration and expand their revenue share, industry players offer a wide array of products with different flavors and additional functional ingredients. These companies target different demographics like teens, working adults, athletes, and offer products according to their taste and preference to attract more consumers and create brand loyalty.

Recent Developments

  • In July 2021, FREE RAIN, an enhanced sparkling water brand, launched ‘Arousal', a new addition to its line of functional beverages, containing pink grapefruit, a hint of basil, and maca.

  • In July 2021, Scandia Inc.’s Xtreme Organics announced the launch of ‘HYDRA Sports Water, the only cannabinoid-enhanced water made with USDA-certified organic hemp. The new HYDRA Sports Water is targeted towards athletes, trainers, and doctors.

Scope of the Report

Attributes

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Million

Product Service/Segmentation

By Water Type, By Distribution Channel, By End User

Key Players

PepsiCo, Coca Cola, H2rose, Just Goods Inc., Constellation Brands Inc., Montane Sparkling Water, Hint Water Inc., Supplying Demand Inc., Keurig Dr Pepper, United Breweries Limited, Karma Culture LLC, and other prominent players

 

By Water Type

  • Alkaline Water

  • Nutrient Water

  • Electrolyte Water

  • Oxygenated Water

By Distribution Channel

  • Offline

  • Online

By End-User

  • Residential

  • Commercial

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Key Market Segments
  2. Research Methodology
    1. Qualitative Research
    2. Methodology
    3. Regional Split of Primary & Secondary Research
    4. Secondary Research
    5. Primary Research
      1. Breakdown of Primary Research Respondents, By Region
      2. Breakdown of Primary Research Respondents, By Industry Participants
    6. Market Size Estimation
    7. Assumptions for the Study
    8. Market Breakdown & Data Triangulation
  3. Executive Summary
  4. Industry Insight and Growth Strategy
    1. Value Chain Analysis
    2. DROC Analysis
      1. Market Drivers
        1. Availability of Wide Range of Products
        2. Health Benefits Offered by Enhanced Water
      2. Market Restraints
        1. Prevalence of Other Sources of Nutrition
      3. Market Challenges
        1. Negative side effects of hyper consumption
      4. Market Opportunity
        1. Emergence of Online Distribution Channels
        2. Launch of Wide Range of Products by Manufactures
    3. Recent Developments
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Buyers
      2. Bargaining Power of Suppliers
      3. Intensity of Rivalry
      4. Threat of New Entrants
      5. Threat of Substitutes
  5. U.S. Enhanced Water Market Overview
    1. Market Size & Forecast, 2017-2027
      1. By Value (USD Million)
      2. By Volume (Million Gallons)
    2. Market Size and Forecast, By Segment
      1. By Water Type
        1. Alkaline Water
        2. Nutrient Water
        3. Electrolyte Water
        4. Oxygenated Water
      2. By Distribution Channel
        1. Offline
        2. Online
      3. By End-User
        1. Residential
        2. Commercial
  6. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis (2020)
    3. Competitive Benchmarking by Operating Parameters
  7. Impact of COVID-19 on U.S. Enhanced Water Market
  8. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. PepsiCo
    2. Coca Cola
    3. H2rose
    4. Just Goods Inc.
    5. Constellation Brands Inc.
    6. Montane Sparkling Water
    7. Hint Water Inc.
    8. Supplying Demand Inc.
    9. Keurig Dr Pepper
    10. United Breweries Limited
    11. Karma Culture LLC
    12. Other Prominent Players
  9. Key Strategic Recommendations

 

List of Figures

 

Figure 1: U.S. Enhanced Water Market Segmentation

 

Figure 2: U.S. Enhanced Water Market Value Chain Analysis,

 

Figure 3: Company Market Share Analysis, 2020

 

Figure 4: U.S. Enhanced Water Market Size, By Value (USD Million), 2020-2027

 

Figure 5: U.S. Enhanced Water Market Size, By Volume (Million Gallons), 2020-2027

 

Figure 6: U.S. Enhanced Water Market Share (%), By Water Type, By Value (USD Million), 2020-2027

 

Figure 7: U.S. Enhanced Water Market Share (%), By Water Type, By Volume (Million Gallons), 2020-2027

 

Figure 8: U.S. Enhanced Water Market Share (%), By Distribution Channel, By Value (USD Million), 2020-2027

 

Figure 9: U.S. Enhanced Water Market Share (%), By Distribution Channel, By Volume (Million Gallons), 2020-2027

 

Figure 10: U.S. Enhanced Water Market Share (%), By End User, By Value (USD Million), 2020-2027

 

Figure 11: U.S. Enhanced Water Market Share (%), By End User, By Volume (Million Gallons), 2020-2027

 

 

List of Tables

 

 

Table 1: U.S. Enhanced Water Market Size, By Water Type, By Value (USD Million), 2020-2027

 

Table 2: U.S. Enhanced Water Market Size, By Water Type, By Volume (Million Gallons), 2020-2027

 

Table 3: U.S. Enhanced Water Market Size, By Distribution Channel, By Value (USD Million), 2020-2027

 

Table 4: U.S. Enhanced Water Market Size, By Distribution Channel, By Volume (Million Gallons), 2020-2027

 

Table 5: U.S. Enhanced Water Market Size, By End User, By Value (USD Million), 2020-2027

 

Table 6: U.S. Enhanced Water Market Size, By End User, By Volume (Million Gallons), 2020-2027

 

Table 7: PepsiCo Financial Analysis

 

Table 8: PepsiCo Business Overview

 

Table 9: Coca Cola Financial Analysis

Table 10: Coca ColaBusiness Overview

Table 11: H2rose Corporation Financial Analysis

Table 12: H2rose Corporation Business Overview

Table 13: Just Goods Inc. Financial Analysis

Table 14: Just Goods Inc. Business Overview

Table 15: Constellation Brands Inc.Financial Analysis

Table 16: Constellation Brands Inc.Business Overview

Table 17: Montane Sparkling Water Financial Analysis

Table 18: Montane Sparkling Water Business Overview

Table 19: Hint Water Inc. Financial Analysis

Table 20: Hint Water Inc. Business Overview

Table 21: Supplying Demand Inc. Financial Analysis

Table 22: Supplying Demand Inc. Business Overview

Table 23: Keurig Dr PepperFinancial Analysis

Table 24: Keurig Dr PepperBusiness Overview

Table 25: United Breweries Limited Financial Analysis

Table 26: United Breweries Limited Business Overview

Table 27: Karma Culture LLCFinancial Analysis

Table 28: Karma Culture LLC Business Overview

 

Market Segmentation

By Water Type

  • Alkaline Water
  • Nutrient Water
  • Electrolyte Water
  • Oxygenated Water

By Distribution Channel

  • Offline
  • Online

By End-User

  • Residential
  • Commercial
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Frequently Asked Questions (FAQs):

Ans: The U.S. Enhanced Water market reached USD 2,131.0 million in 2020.
Ans: The major factors driving the growth of the U.S. Enhanced Water market are the availability of a wide range of products and health benefits offered by enhanced water.
Ans: The key players in the U.S. Enhanced Water market are: PepsiCo, Coca Cola, H2rose, Just Goods Inc., Constellation Brands Inc., Montane Sparkling Water, Hint Water Inc., Supplying Demand Inc., Keurig Dr Pepper, United Breweries Limited, Karma Culture LLC, and other prominent players.
Ans: The residential segment accounted for the largest share in the U.S. Enhanced Water market.
Ans: The growth of the U.S. enhanced water market is restricted by the availability of alternative sources of nutrition and potential health concerns.