A device (10) for producing and dispensing oxygenated water. A mixing unit (30) has an inlet for supplying water to the mixing unit, and an inlet for supplying oxygen to the unit. Separate control valves or devices are installed in the respective flow paths by which water and oxygen are directed to their respective inlets so to separately control the rate at which water and oxygen are supplied to it. The mixing unit includes an element (39) for dissolving oxygen supplied to the mixing unit into the water also supplied thereto, the mixing unit controlling the level of oxygen dissolution into the water. A dispenser (46) is connected to an outlet (42) of the mixing unit for dispensing oxygenated water into a container (G) for subsequent consumption. It is desirable to consume the oxygenated water as soon as possible to realize the full benefits of the oxygen dissolved in water.
