Market Size of South Africa Water Enhancer Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 3.60 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
South Africa Water Enhancer Market Analysis
The South African water enhancer market is expected to register a CAGR of 3.6% during the forecast period (2020 - 2025).
Diabetes is one of the major concerns in the country, with about 3.5 million people suffering from it. This has increased the focus on healthy food items, with low sugar and zero-calorie status. The rising awareness of diabetes-related risks and coronary diseases is driving consumers' interest in healthy and nutritious alternatives.
Additionally, the government's initiative to apply sugar tax on all the sugary drinks in the country is driving consumer's attention toward alternative of high sweetened drinks, such as water enhancers.
Introduction of exotic flavors, natural colorants, antioxidants and active ingredients, such as added vitamins and minerals, is driving a potential growth in this market.
High competition is witnessed among players for retail shelf space, and marketers are positioning these products next to bottled water, in order to push impulse-purchasing behavior among consumers.
South Africa Water Enhancer Industry Segmentation
The report on the South African water enhancer market offers key insights into the latest market developments. The water enhancer market in Brazil offers the product through convenience stores, hypermarkets/supermarkets, online channels, and other distribution channels. The report contains top-line revenues and market share analysis of the key players, highlighting the most adopted strategies of the companies in the market studied.
By Distribution Channel | |
Hypermarkets/Supermarkets | |
Convenience Stores | |
Online Channels | |
Other Distribution Channels |
South Africa Water Enhancer Market Size Summary
The South African water enhancer market is experiencing growth driven by increasing health consciousness among consumers, particularly due to the rising prevalence of diabetes and coronary diseases. This has led to a shift towards healthier food options, including those with low sugar and zero-calorie content. The government's implementation of a sugar tax on sugary beverages has further propelled the demand for water enhancers, as consumers seek alternatives to high-sugar drinks. The market is characterized by the introduction of exotic flavors, natural colorants, and added vitamins and minerals, which are attracting consumers looking for nutritious and flavorful drink options. The competitive landscape is intense, with companies vying for retail shelf space and strategically positioning their products next to bottled water to encourage impulse purchases.
The supermarket and hypermarket segment holds a significant share of the market, reflecting consumer preference for these retail channels. This segment's growth is attributed to the increasing trend of bulk shopping, driven by higher incomes and busy lifestyles. Supermarkets are expanding their range of water enhancers to cater to diverse consumer tastes, particularly appealing to older demographics seeking new flavor experiences. The market is dominated by foreign players such as Welch Foods Inc., PepsiCo Inc., and Kraft Heinz Company, which leverage their extensive manufacturing and distribution networks, along with strong R&D capabilities, to maintain a competitive edge. These companies focus on quality and customer service to enhance their market presence in South Africa.
South Africa Water Enhancer Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.2 Market Restraints
-
1.3 Industry Attractiveness - Porter's Five Forces Analysis
-
1.3.1 Threat of New Entrants
-
1.3.2 Bargaining Power of Buyers/Consumers
-
1.3.3 Bargaining Power of Suppliers
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Distribution Channel
-
2.1.1 Hypermarkets/Supermarkets
-
2.1.2 Convenience Stores
-
2.1.3 Online Channels
-
2.1.4 Other Distribution Channels
-
-
South Africa Water Enhancer Market Size FAQs
What is the current South Africa Water Enhancer Market size?
The South Africa Water Enhancer Market is projected to register a CAGR of 3.60% during the forecast period (2024-2029)
Who are the key players in South Africa Water Enhancer Market?
Kraft Heinz Company, Welch Foods Inc., PepsiCo Inc. (Propel water), Continental Mills Inc. (Alpine Spiced Cider) and True Citrus Co. are the major companies operating in the South Africa Water Enhancer Market.