Mexico Water Enhancer Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.21 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Mexico Water Enhancer Market Analysis
The Mexico water enhancer market is anticipated to witness a CAGR of 5.21% during the forecast period (2020 - 2025).
- Similar to the United States, a considerable portion of the Mexican population is swaying to healthier food and drinks. Thus, to compensate for the nutritional losses due to the transforming lifestyles of the Mexicans, 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 online retail. In general, the product offerings in smaller pack sizes provide handling and usage convenience to the consumers, and, therefore, there is a heavy demand. The small packs add value for retailers in terms of shelf space, increasing margins to the manufacturers, further promoting the sales of water enhancers.
- 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 the market growth in the country.
Mexico Water Enhancer Market Trends
This section covers the major market trends shaping the Mexico Water Enhancer Market according to our research experts:
The Hike in Sales of Functional Beverages is Expected to Promote 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 Mexicans have started to consume drinks which can revitalize their body and compensate for the nutritional losses to maintain the electrolyte balance of the individual.
As the demand for carbonated beverages continues to decline across the region, 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, thereby, driving the market of food enhancers.
Online Channel Dominates the Other Distribution Channels
The Mexican market is the fastest growing water enhancer market in the North America region and this is primarily due to the increasing urbanization and industrialization that has exposed the consumers to the modern-day techniques of grocery shopping. The local people are showing great interest in online shopping portals with the introduction of better internet facilities and awareness regarding the convenience of online shopping.
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 online sales channels. Another big reason for boosted sales in the country through an online medium is the availability of vivid products in one place and their easy identification with the best possible solutions through user-friendly features.
Mexico Water Enhancer Industry Overview
The Mexican market with its evolving lifestyle is a creating opportunity for the manufacturers. 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 in the country.
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. The rapid modernization in the country is also a driving factor for the Mexican market that imitates the American culture.
Mexico Water Enhancer Market Leaders
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Kraft Heinz Company
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Nestle SA
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The Coca-Cola Company
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PepsiCo Inc.
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Wisdom Natural Brands
*Disclaimer: Major Players sorted in no particular order
Mexico Water Enhancer Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables and Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Distribution Channel
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5.1.1 Pharmacies & Health Stores
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5.1.2 Convenience Stores
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5.1.3 Hypermarkets/Supermarkets
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5.1.4 Online Channels
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5.1.5 Other distribution channels
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Position Analysis
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6.3 Company Profiles
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6.3.1 Kraft Heinz Company
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6.3.2 Nuun Canada
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6.3.3 Nestle SA
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6.3.4 The Coca-Cola Company
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6.3.5 PepsiCo Inc.
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6.3.6 Wisdom Natural Brands
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Mexico Water Enhancer Industry Segmentation
Mexico 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 |
Mexico Water Enhancer Market Research FAQs
What is the current Mexico Water Enhancer Market size?
The Mexico Water Enhancer Market is projected to register a CAGR of 5.21% during the forecast period (2024-2029)
Who are the key players in Mexico Water Enhancer Market?
Kraft Heinz Company, Nestle SA, The Coca-Cola Company, PepsiCo Inc. and Wisdom Natural Brands are the major companies operating in the Mexico Water Enhancer Market.
What years does this Mexico Water Enhancer Market cover?
The report covers the Mexico Water Enhancer Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mexico Water Enhancer Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Mexico Water Enhancer Industry Report
Statistics for the 2024 Mexico Water Enhancer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexico Water Enhancer analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
