Canada Water Enhancer Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

Canada Water Enhancer Market is segmented by Distribution Channel (Pharmacies & Health Stores, Convenience Stores, Hypermarkets/Supermarkets, Online Channels, and Other distribution channels).

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Canada Water Enhancer Industry Overview

Canada Water Enhancer Market
Study Period: 2018 - 2028
CAGR: 5.27 %

Major Players

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*Disclaimer: Major Players sorted in no particular order
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Canada Water Enhancer Market Analysis

The Canada water enhancer market is anticipated to witness a CAGR of 5.27% during the forecast period (2020 - 2025).

  • A considerable Canadian population is suffering from obesity due to hectic work schedules and on the go lifestyle. Thus, in order to compensate for the nutritional losses, the market of water enhancers is likely to witness progress in the near future.
  • Water enhancers with energy-boosting qualities are becoming an increasingly common trend in Canadian retail. In general, the product offerings in smaller pack sizes provide handling and usage convenience to the consumers, add value for retailers in terms of value by shelf space, and add margins to the manufacturers, and are, therefore, in heavy demand.
  • The shift of consumers to healthier consumption habits has inclined their interest in non-carbonated beverages over the carbonated ones, which is likely to foster market growth.

Canada Water Enhancer Industry Segments

Canada Water Enhancer Market is segmented by Distribution Channel into pharmacies & health stores, convenience stores, hypermarkets/supermarkets, online channels, and other distribution channels.

By Distribution Channel
Pharmacies & Health Stores
Convenience Stores
Hypermarkets/Supermarkets
Online Channels
Other distribution channels

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Canada Water Enhancer Market Trends

This section covers the major market trends shaping the Canada Water Enhancer Market according to our research experts:

The Popularization of Functional Beverages is Likely to Foster the Market Growth

With a rise in demand for functional ingredients, the demand for functional beverages in the local market has inflated, which has, in turn, led to a boost in the water enhancer market as people continue seeking healthy drinking options. To cope up with the busy lifestyle, the Canadians prefer to consume drinks which can revitalize their body by compensating for the nutritional losses.​ As the demand for carbonated beverages continues to decline and the non-carbonated drinks market climbs up, liquid concentrates provide an attractive add-on opportunity for both tap water drinkers and bottled water customers to increase their water intake by adding flavors and extra nutrients to it.

Canada Water Enhancer Market1

Supermarket/hypermarket is a Largest Segment for Distribution of Water Enhancers in the Country

Supermarkets and hypermarkets have played a vital role in food and functional beverage distribution in Canada. The retail channel is widely accepted by both companies and consumers, due to the increasing consumer interaction with the premium shopping experiences associated with the supermarkets and hypermarkets. As a considerable consumer portion is already abstaining from carbonated soft drinks for health reasons, hypermarket and supermarket shelves have started to flood with healthy water enhancers. Moreover, keeping multiple brands’ products together provides ease of comparison to the consumers in choosing their favorite water enhancers. Another big reason for boosted sales in the country is that Canadians prefer to shop at supermarkets due to the availability of vivid products under one roof.

Canada Water Enhancer Market2

Canada Water Enhancer Market Competitor Analysis

The unclear positioning of the high-valued products is causing barriers to trade and causing companies to observe the cannibalization of sales between their water-enhancer category and cordial product sales. For this reason, the major companies are aiming towards the development and introduction of new package types and manufacturing processes, as a strategy to deliver water enhancers. The innovation of blending exotic flavors is another market strategy adopted by Kraft Heinz company to expand into several regional markets. Moreover, other global brands are trying to increase their sales through advertisements and by introducing and displaying their products in a way that they catch consumer sight easily.

Canada Water Enhancer Market Top Players

  1. The Coca-Cola Company

  2. PepsiCo Inc.

  3. Wisdom Natural Brands

  4. Kraft Heinz Company

  5. Nestle SA

*Disclaimer: Major Players sorted in no particular order

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Canada Water Enhancer Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables and Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    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

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Distribution Channel

      1. 5.1.1 Pharmacies & Health Stores

      2. 5.1.2 Convenience Stores

      3. 5.1.3 Hypermarkets/Supermarkets

      4. 5.1.4 Online Channels

      5. 5.1.5 Other distribution channels

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Position Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Kraft Heinz Company

      2. 6.3.2 Nestle SA

      3. 6.3.3 Loblaw Inc.

      4. 6.3.4 The Coca-Cola Company

      5. 6.3.5 PepsiCo, INC

      6. 6.3.6 Wisdom Natural Brands

      7. 6.3.7 Jel Sert

      8. 6.3.8 Nuun & Company, Inc.

      9. 6.3.9 Cott Corporation

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Canada Water Enhancer Market Research FAQs

The Canada Water Enhancer Market is studied from 2018 - 2028.

The Canada Water Enhancer Market is growing at a CAGR of 5.27% over the next 5 years.

The Coca-Cola Company, PepsiCo Inc., Wisdom Natural Brands, Kraft Heinz Company, Nestle SA are the major companies operating in Canada Water Enhancer Market.

Canada Water Enhancer Industry Reports

In-depth industry statistics and market share insights of the Canada Water Enhancer sector for 2020, 2021, and 2022. The Canada Water Enhancer research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Canada Water Enhancer report PDF.

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