Market Size of North America Water Enhancer Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 13.14 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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North America Water Enhancer Market Analysis
The North American water enhancer market is projected to record a CAGR of 13.14% during the forecast period 2020-2025.
- In the modern-day scenario of the retail market, concentrates have a wide variety of applications in end-user industries like bakery, confectionery, and nutrition. These products can be used 'on the go' and are being increasingly consumed by the consumers, owing to their enriched and nutritious profile.
- The packaging of the water enhancer product has been kept such, which fits in well with the consumer's daily life since it is highly convenient to carry and can be generally used 'on the go' and is able to acquire a place in the kitchen shelves as it is easy to store, owing to its small size and palm friendly size.
- Water enhancers are used along with still or sparkling water that is used by the people in need of instant hydration. Consumers are getting attracted to such products since they contain essential minerals and vitamins.