Reports

Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.

South Korea Functional Water Market Share, Size, Trends, Growth, Analysis, Forecast: By Product: Flavored functional water, Unflavored functional water; By Type: Vitamins, Proteins, Others; By Packaging: Pet Bottles, Can, Others; By Distribution Channel; By Province; Competitive Landscape; Industry Events and Developments; 2023-2028

South Korea Functional Water Market Outlook

The South Korea functional water market is expected to grow at a CAGR of about 3.4% in the forecast period of 2023-2028. The growing demand for fortified health beverages is expected to expand the market of functional water during the given forecast period.

 

Health Benefits of Consuming Functional Water to bolster the Market Growth

Health-conscious people who want to shift their preference from caffeine, carbonated, and high-sugar beverages are driving the functional water market. Sportspersons, bodybuilders, and marathon runners need drinks that can keep their bodies hydrated for a long time while also offering refreshment, taste, and energy. Moreover, people are willing to spend on their health and well-being, and the trend of body detoxification further propels customers to invest in wholesome functional beverages. This factor compels the manufacturers to launch more health-based products to meet the ever-growing functional water market demand.

 

The modern diet is deficient in many vital macro and micro-nutrients that humans require to lead a healthy life, which is why the market for functional water is still expanding. The nutrient content in the fruits and vegetables we consume nowadays has decreased over time due to soil depletion caused by over-farming. "Essential" nutrients are so-called because we must obtain them through our diet, which is becoming challenging to get from our meals in modern times. Due to its physiological benefits , particularly on oxidative stress-related disorders like diabetes, cancer, arteriosclerosis, neurological diseases, and haemodialysis side effects, functional water has attracted great interest. Moreover, functional waters enhance nutrition absorption while being easy on the digestive system. Such health benefits aid in gaining traction among health-conscious people in South Korea, thereby providing the opportunity for market growth.

 

Growing Demand for Fortified Drinks to Bolster the Functional Water Market

Imposed lockdown and the need to maintain social distance popularised work-from-home culture temporarily slowed down the sales of functional water in the country. However, the market is on track and experiencing gradual growth because of the rising demand for immunity-boosting and performance-boosting products in South Korea. The demand for fortified water is proliferating the market growth, especially the one which offers essential nutrients and other health benefits such as improved gut health and weight management, among others.

 

Market Segmentation

Functional waters  are non-alcoholic and water-based beverages which are loaded with vitamins, minerals, or various infusions which provide numerous health benefits to the consumer. Natural or/and artificial flavours are often added to enhance the taste of water.

 

By product, the South Korea functional water market is bifurcated into:

  • Flavoured Functional Water
  • Unflavoured Functional Water

 

Based on type, the functional water market of South Korea can be segmented into:

  • Vitamins
  • Proteins
  • Others

 

On the basis of packaging, the South Korea functional water market is divided into:

  • Pet Bottles
  • Cans
  • Others

 

Based on distribution channel, the South Korea functional water market is categorised into:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Speciality Stores
  • Online Sales Channel
  • Others

 

On the basis of province, the South Korea functional water market can be divided into:

  • North Chungcheong
  • South Chungcheong
  • Gangwon
  • Gyeonggi
  • North Gyeongsang
  • South Gyeongsang
  • Jeolla
  • Jeju

 

Unique Flavours and Eco-Friendly Packaging Are Driving the Market Growth of Functional Water

Manufacturers have adopted sustainable design strategies in response to consumers' growing preference for goods with sustainable packaging. Functional drinks are kept safe and fresh from fill to usage owing to eco-friendly packaging. The aseptic technique  eliminates the need for refrigeration.  These products are shelf-stable and preservative-free. The young consumer base, especially Gen Z and Millennials, are more attracted to novel flavours, which fits nicely with young consumers' inclination for a taste exploration. Brands are now trying to see how customers react to bizarre variants to continue to excite consumers and reach out to new ones. Additionally, during the projected forecast period, sales of functional water may expand more rapidly through online retail channels than through conventional distribution channels like supermarkets and speciality stores. The market expansion of functional water in South Korea is fuelled by rising disposable income and high standard of living, which boosts the demand for premium products.

 

Key Players in the South Korean Functional Water Market

The report gives a detailed analysis of the following key players in the South Korea functional water market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

 

  • Nestle S.A.
  • Danone SA
  • PEPSICO, INC.
  • THE COCA-COLA COMPANY
  • Others

 

The comprehensive EMR report provides an in-depth assessment of the South Korea functional water market based on the Porter's five forces model along with giving a SWOT analysis.
 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Type
  • Packaging
  • Distribution Channel
  • Province
Breakup by Product
  • Flavored functional water
  • Unflavored functional water
Breakup by Type
  • Vitamins
  • Proteins
  • Others
Breakup by Packaging
  • Pet Bottles
  • Can
  • Others
Breakup by Distribution Channel
  • Supermarket/Hypermarket
  • Convenience Stores
  • Specialty Stores
  • Online Sales Channel
Breakup by Province
  • North Chungcheong
  • South Chungcheong
  • Gangwon
  • Gyeonggi
  • North Gyeongsang
  • South Gyeongsang
  • North Jeolla
  • South Jeolla
  • Jeju
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Nestle S.A.
  • Danone SA
  • PEPSICO, INC.
  • THE COCA-COLA COMPANY
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties 
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    South Korea
7    Industry Opportunities and Challenges
8    South Korea Functional Water Market Analysis

    8.1    Key Industry Highlights
    8.2    South Korea Functional Water Historical Market (2018-2022) 
    8.3    South Korea Functional Water Market Forecast (2023-2028)
    8.4    South Korea Functional Water Market by Product
        8.4.1    Flavored functional water
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Unflavored functional water
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    8.5    South Korea Functional Water Market by Type
        8.5.1    Vitamins
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Proteins
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Others
    8.6    South Korea Functional Water Market by Packaging
        8.6.1    Pet Bottles
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Can
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Others
    8.7    South Korea Functional Water Market by Distribution Channel
        8.7.1    Supermarket/Hypermarket
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Convenience Stores
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Specialty Stores
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022)
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Online Sales Channel
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022)
            8.7.4.3    Forecast Trend (2023-2028)
    8.8    South Korea Functional Water Market by Province
        8.8.1    North Chungcheong
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2022)
            8.8.2.3    Forecast Trend (2023-2028)
        8.8.2    South Chungcheong
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2018-2022)
            8.8.3.3    Forecast Trend (2023-2028)
        8.8.3    Gangwon
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2018-2022)
            8.8.4.3    Forecast Trend (2023-2028)
        8.8.4    Gyeonggi
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2018-2022)
            8.8.5.3    Forecast Trend (2023-2028)
        8.8.5    North Gyeongsang
            8.8.6.1    Market Share
            8.8.6.2    Historical Trend (2018-2022)
            8.8.6.3    Forecast Trend (2023-2028)
        8.8.6    South Gyeongsang
            8.8.7.1    Market Share
            8.8.7.2    Historical Trend (2018-2022)
            8.8.7.3    Forecast Trend (2023-2028)
        8.8.7    North Jeolla
            8.8.8.1    Market Share
            8.8.8.2    Historical Trend (2018-2022)
            8.8.8.3    Forecast Trend (2023-2028)
        8.8.8    South Jeolla 
            8.8.9.1    Market Share
            8.8.9.2    Historical Trend (2018-2022)
            8.8.9.3    Forecast Trend (2023-2028)
        8.8.9    Jeju
            8.8.10.1    Market Share
            8.8.10.2    Historical Trend (2018-2022)
            8.8.10.3    Forecast Trend (2023-2028)
9    Market Dynamics
    9.1    SWOT Analysis
        9.1.1    Strengths
        9.1.2    Weaknesses
        9.1.3    Opportunities
        9.1.4    Threats
    9.2    Porter’s Five Forces Analysis
        9.2.1    Supplier’s Power
        9.2.2    Buyer’s Power
        9.2.3    Threat of New Entrants
        9.2.4    Degree of Rivalry
        9.2.5    Threat of Substitutes
    9.3    Key Indicators for Demand
    9.4    Key Indicators for Price
10    Value Chain Analysis
11    Trade Data Analysis (HS Code- 2201)

    11.1    Major Exporting Countries
        11.1.1    By Value
        11.1.2    By Volume
    11.2    Major Importing Countries
        11.2.1    By Value
        11.2.2    By Volume 
12    Competitive Landscape
    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Nestle S.A.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Danone SA
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    PEPSICO, INC.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    THE COCA-COLA COMPANY
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Others
13    Industry Events and Developments

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment

 

List of Figures and Tables

1.    South Korea Functional Water Market: Key Industry Highlights, 2018 and 2028
2.    South Korea Functional Water Historical Market: Breakup by Product (USD Million), 2018-2022
3.    South Korea Functional Water Market Forecast: Breakup by Product (USD Million), 2023-2028
4.    South Korea Functional Water Historical Market: Breakup by Type (USD Million), 2018-2022
5.    South Korea Functional Water Market Forecast: Breakup by Type (USD Million), 2023-2028
6.    South Korea Functional Water Historical Market: Breakup by Packaging (USD Million), 2018-2022
7.    South Korea Functional Water Market Forecast: Breakup by Packaging (USD Million), 2023-2028
8.    South Korea Functional Water Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
9.    South Korea Functional Water Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
10.    South Korea Functional Water Historical Market: Breakup by Province (USD Million), 2018-2022
11.    South Korea Functional Water Market Forecast: Breakup by Province (USD Million), 2023-2028
12.    South Korea Functional Water Market Structure

Key Questions Answered in the Report

The South Korea functional water market is projected to grow at a CAGR of 3.4% between 2023 and 2028.

Increasing demand for flavoured functional water, health benefit, rising awareness, expanding distribution channels, eco-friendly packaging, increased disposable income, improved standard of living, and growing popularity of online retail channels and increased acceptance by millennials and generation Z.

The increased inclination towards fortified beverages and sustainable packaging solutions are the key industry trends.

Flavoured functional water and unflavoured functional water are the dominant product types in the industry.

The distribution channel segment is led by Supermarket/hypermarket, online stores, speciality stores, and convenience store, among others.

The major players in the South Korea functional water industry are Nestle S.A., Danone SA, PEPSICO, INC., THE COCA-COLA COMPANY, among Others.

Analyst Review

The South Korea functional water market is being driven by the rising consciousness regarding health benefits among sportspersons as well as the general population. Aided by the growing disposable income and health benefits of the product the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 3.4%.

 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the functional water industry can be segmented into flavoured functional water and non-flavoured functional water. On the basis of distribution channels, the supermarket/hypermarket sector accounts for the leading share in the industry. The key players in the above market include Nestle S.A., Danone SA, PEPSICO, INC., THE COCA-COLA COMPANY, among others. EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

Purchase Full Report

Mini Report

$ 2199     $1799
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 3199     $2999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

$ 4199     $3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 5199     $4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER