LOS ANGELES, November 6, 2021 (Newswire.com) - MORE WATER USA, a Camarillo-based bottled water manufacturing company focused on the premium functional water segment in the beverage industry, today announced that it has reached an agreement to launch its Hemp Water line of premium-flavored water brand in 14 major airport hubs across the U.S.
The Company has acted as a distributor of CBD-infused products and flavorful shots since February 2019 and has recently expanded its product line to include Oxygenated functional water and premium hemp-infused flavored sugar-free water. According to a report from the market research organization Facts & Factors, the global CBD Infused Beverages market, which was valued at around USD 3.4 billion in 2020, is expected to grow to over USD 14.6 billion by the end of 2026, with a CAGR of approximately 27.5% between 2021 and 2026.
MORE WATER USA believes the product rollout will further enable the company to gain more brand recognition and meet the growing consumer demand for premium and functional beverages. Moe Mohamed, EVP of Business Development, stated, "We are continuing to see a shift towards healthier beverages and our MORE premium hemp-infused flavored water line of products is perfectly aligned with this fast-moving trajectory."
Company Chair Joseph Caputo added, "MORE Hemp-flavored water is a terrific brand and we are excited to venture into all 14 national airport hubs to mark the unveiling of our most flavorful Hemp water brand to the general public. We expect this launch to provide our Company with the ability to capitalize on the exponential growth in the premium functional beverage category, both in the U.S. and international markets, alongside our flagship Oxygenated Natural Spring Water products."
Source: MORE WATER USA