Asia-Pacific Functional Water Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Asia-Pacific Functional Water Market is segmented by Product Type (Vitamin, Protein, and Others), By Distribution Channel (Supermarket/Hypermarket, Specialty Store, Online stores and Others) and by Geography.

Market Snapshot

Asia-Pacific Functional Water Market
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 5.36 %

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Market Overview

Asia-Pacific functional water market is projected to grow at a CAGR of 5.36% during the forecast period (2020-2025).

  • Consumer preference for healthy hydration has been a crucial factor that is driving the growth of the Asia-Pacific market. The rising health consciousness among consumers has led to the demand for functional beverages.
  • Further, owing to the large shelf space and availability of diversified product ranges across brands in one place, hypermarket/ supermarket remained the most preferred point of sale for functional beverages, contributing to the overall sales of the market.
  • Regional players dominate the market share with every country having its own dominant brands.

Scope of the report

Asia-Pacific functional water market is segmented by product type, distribution channel, and geography. On the basis of product type, the market studied is segmented into protein water, vitamin water, and others. By distribution channel, the market is segmented into supermarket/ hypermarket, specialty stores, online stores, and others.

By Product Type
By Distribution Channel
Specialty Stores
Online Stores
By Geography
Rest of Asia-Pacific

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Key Market Trends

The Growing Demand for Healthy Hydration

The progressive inclination of Asian consumers toward health-oriented products has catered to the functional water industry. The convenience factor together with healthy nutrients entices a more consumer base. The continuous demand for electrolytes, protein, and vitamin-enriched drinks is witnessed in the region especially by baby boomers and the millennial population to keep their body fit and active after hectic work schedules, gym, and other activities. In addition, manufacturers retailing their products at competitive prices further inclines consumers towards healthy hydration, nonetheless, the premium water ranges are also witnessing an upsurge in the market led by the rising income group in the region.

Asia-Pacific Functional Water Market1

Supermarket/Hypermarket Drives the Market

Supermarkets/Hypermarkets are considered to be one of the most convenient mediums of shopping across the world. Gaining their popularity from the West, their number has staggeringly increased in the Asia Pacific region, where the countries are rapidly developing and adopting urbanization policies.

 The transforming lifestyles of the people and the increase in the buying power of the consumers in countries like China, India, are posing good opportunities for the establishment of supermarkets that attract the consumers due to the associated convenience of getting vivid products under one roof. Thus, the flourishing distribution channel of supermarkets/hypermarkets is likely to promote the sales of the different functional water products in the region, driving the market in the near future.

Asia-Pacific Functional Water Market2

Competitive Landscape

The global players such as The Coca Cola Company and Danone SA dominates the market studied with their regional brands. Product innovation is the most adopted strategy by the leading players of the market with an aim to enter the functional water segment. In October 2017, PepsiCo Inc. launched vitamin-fortified water, Aquafina Vitamin Splash, making it the first vitamin-fortified water in India.

Table of Contents


    1. 1.1 Study Deliverables & Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 By Product Type

      1. 5.1.1 Vitamin

      2. 5.1.2 Protein

      3. 5.1.3 Others

    2. 5.2 By Distribution Channel

      1. 5.2.1 Supermarket/Hypermarket

      2. 5.2.2 Specialty Stores

      3. 5.2.3 Online Stores

      4. 5.2.4 Others

    3. 5.3 By Geography

      1. 5.3.1 China

      2. 5.3.2 Japan

      3. 5.3.3 Australia

      4. 5.3.4 India

      5. 5.3.5 Rest of Asia-Pacific


    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Position Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 The Coca-Cola Company

      2. 6.3.2 Nestle SA

      3. 6.3.3 Danone SA

      4. 6.3.4 Veda Beverages Private Limited

      5. 6.3.5 Malaki

      6. 6.3.6 Suntory Beverage & Food Limited

      7. 6.3.7 BODIEZ

      8. 6.3.8 PepsiCo, Inc.

    4. *List Not Exhaustive

**Subject to Availability

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Frequently Asked Questions

The Asia-Pacific Functional Water Market market is studied from 2016 - 2026.

The Asia-Pacific Functional Water Market is growing at a CAGR of 5.36% over the next 5 years.

PepsiCo, Inc., Veda Beverages Private LimitedVeda Beverages Private Limited, Danone SA, Nestle SA, The Coca-Cola Company are the major companies operating in Asia-Pacific Functional Water Market.

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