What is Wellness Water Market?
The worldwide shift among the population toward a healthy lifestyle is the core reason for vital growth within the wellness water market. Wellness water is a drink that possesses simple H20 water added with some special ingredients like vitamins, herbs, or antioxidants. These drinks are considered to be therapeutic in nature and have a tendency to enhance the health of a person in multiple ways in which like boosting one’s energy or neutralize the acid in the body. The market goes through a major amendment and is predicted to achieve popularity throughout the forecast period. The wellness water is considered to be the best water to be consumed for the individual’s health. The water provides additional ingredients which are extremely needed for the body and gives a lot of support to the body.
The market study is being classified by Type (Bottled Water, Juices, Probiotic Drinks, Energy Drinks and Others), by Application (Personal Use and Commercial Use) and major geographies with country level break-up.
Bayer (Germany), David Lloyd Leisure (United Kingdom), Brunswick Corporation (United States), Herbalife Nutrition (United States), Danone (France), Fitness First (United Kingdom), Holland & Barrett (United Kingdom), Virgin Active (United Kingdom), LA Fitness (Canada), Nestle (Switzerland) and Vitabiotics (United Kingdom) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that European Vendors will contribute to the maximum growth of Global Wellness Water market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Wellness Water market by Type, Application and Region.
On the basis of geography, the market of Wellness Water has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- A Rise in Healthcare Expenditure of the Individual
- Change in Living Standard
- Adopting the Urban Culture
Market Trend
- Rising in Trend to Drink Only Clean Water
Restraints
- High Cost of Wellness Water
Opportunities
- Rapidly Growing Wellness Tourism Industry
- Increase in Research and Development in the Field
Challenges
- Lack of Penetration on the Rural Areas
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Wellness Water, Suppliers and Distributors of Wellness Water, Venture Capitalists and Private Equity Firms and End-Use Industry