Global diet water market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Diet water is a low-calorie drink advanced with a unique combination of ingredients to help maximize weight loss.
The factors that are playing a major role in the growth of diet water market are the growing obese population across the globe, the rising health-conscious populace, the increasing demand from end-users, and the attractive packaging of diet water. However, the high cost of the product and the lack of awareness among populace regarding diet water may restrain the overall market in the years to come. Diet water market is segmented based on type, product type, distribution channel, and region.
Skinny water, fitness water, Mio, and other types could be explored in diet water in the forecast period. Glass bottles, PET bottles, and other product types could be explored in diet water in the forecast period. PET bottles sector accounted for the significant market share of diet water and is estimated to continue its dominance in the years to come.
Based on the distribution channel, grocery stores, supermarket & hypermarket, drug stores, convenience stores, online stores, and others could classify diet water in the forecast period. Supermarket & hypermarket sector accounted for the significant market share of diet water and is estimated to lead the overall market in the years to come.
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Globally, North America accounted for the substantial market share of diet water market and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers in the region, growing obese & health-conscious population in the region, and the high disposable income. The United States and Canada are the major consumers of diet water in this region.
Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of diet water in this region.
The key players of diet water market are Sapporo, Diet Aqua, The Coca Cola Company, Propel Water, Groupe Danone, PepsiCo Inc., Mountain Valley Spring Company, LLC, Skinny Water, and Nestle Waters. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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