The bottled water market is witnessing significant growth driven by several factors. Such as the rise in healthcare awareness regarding waterborne diseases such as malaria, typhoid, diarrhea, and food poisoning has increased the demand for safe and clean drinking water. Bottled water provides a reliable and convenient solution for individuals to access clean water on the go, supporting market expansion and the portability and convenience of bottled water make it a preferred choice for consumers leading busy lifestyles. The market is expected to continue its growth trajectory as health consciousness and convenience remains key factors influencing consumer preferences.
According to Data Bridge Market Research, the Global Bottled Water Market was valued at USD 283.6 billion in 2021 and is expected to reach the value of USD 476.45 billion by 2029, at a CAGR of 6.7% during the forecast period of 2022-2029.
“Innovations and product offerings facilitate market growth”
Innovations and product offerings play a crucial role in driving the growth of the bottled water market. With changing consumer preferences and evolving health trends, industry players continually introduce new and innovative products to cater to diverse consumer demands. This includes flavored waters, functional waters with added vitamins and minerals, infused waters with natural flavors, and eco-friendly packaging options. Product differentiation and unique offerings create excitement among consumers and help expand the market.
What restraints the growth of the global bottled water market?
“Increasing environmental pollution caused by plastic bottles restrain the market growth”
The bottled water market faces a restraint due to the increasing environmental pollution caused by plastic bottles. The widespread use of single-use plastic bottles has led to a significant accumulation of plastic waste, resulting in environmental pollution and harm to ecosystems. This has raised concerns among consumers and regulatory bodies regarding the sustainability and environmental impact of bottled water. As a result, there is a growing demand for alternative packaging solutions and a shift towards more sustainable options such as reusable water bottles and filtered tap water. The industry is actively seeking solutions to mitigate the environmental impact and promote eco-friendly practices to address this restraint.
Segmentation: Global Bottled Water Market
The bottled water market is segmented on the basis of type, category, and distribution channel.
- On the basis of type, the global bottled water market is segmented into purified water, mineral water, and sparkling/carbonated water.
- On the basis of category, the global bottled water market is segmented into plain, flavored.
- On the basis of distribution channel, the global bottled water market is segmented into store-based, non-store-based.
Regional Insights: Asia-Pacific dominates the global bottled water market
Asia-Pacific dominates the bottled water market due to the growing consumer preference for healthier beverage options over sugary drinks. The region has witnessed a significant shift in consumer behavior, with increasing awareness of the health risks associated with excessive sugar consumption. As a result, more individuals are opting for bottled water as a healthier and more refreshing alternative. This trend, coupled with the region's large population and rapid urbanization, has propelled the dominance of Asia-Pacific in the bottled water market.
North America is experiencing significant growth in the bottled water market due to several factors. There is a growing demand for clean and safe drinking water, driven by concerns about water contamination and its associated health risks. Increasing awareness of a healthier lifestyle and the benefits of consuming bottled water further contribute to market expansion. Rising incidents of diseases related to contaminated water consumption have also led to an increased preference for bottled water in the region.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-bottled-water-market
Recent Developments in Global Bottled Water Market
- In April 2021, Nestle SA sold its bottled water business in the United States and Canada to One Rock Capital Partners for USD 4.3 billion, leading to the creation of BlueTriton Brands. This strategic decision allowed Nestle to focus on its core businesses while providing BlueTriton Brands with opportunities for growth and expansion in the North American market.
- In October 2020, Primo Water Corporation announced the acquisition of Mountain Valley Water Company of Los Angeles, enabling Primo Water to expand its customer base to over 8,000. This acquisition strengthened Primo Water's position in the bottled water industry and enhanced its ability to serve a larger consumer market.
- In February 2020, Agthia Group PJSC launched the Al Ain Plant Bottle, the first plant-based water bottle in the region. This innovative product offered a sustainable and environmentally friendly alternative to traditional plastic bottles. Agthia Group also partnered with Veolia to launch a PET water bottle collection initiative, further demonstrating their commitment to environmental conservation and responsible packaging practices.
The Prominent Key Players Operating in the Global Bottled Water Market Include:
- PepsiCo (U.S.)
- Nestlé, A.G. (Switzerland)
- The Coca-Cola Company. (U.S.)
- CG Roxane, LLC (U.S.)
- Tempo Beverage Ltd (Israel)
- Keurig Dr Pepper Inc. (U.S.)
- Dr Pepper/Seven Up, Inc (U.S.)
- Ferrarelle (Italy)
- SANPELLEGRINO (Italy)
- Reignwood Investments UK Ltd (U.K.)
- LaCroix Beverages, Inc. (U.S.)
- GEROLSTEINER BRUNNEN GMBH & CO. KG (Germany)
- Mountain Valley Spring Water (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global bottled water market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Bottled Water Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
