Publication Month: Jun 2022 | Report Code: TIPRE00004540 | No. of Pages: 150 | Category: Consumer Goods | Status: Published
Bottled water is mostly of two types - carbonated/sparkling or still water. Bottled water is packaged drinking water that is purified and free from contamination.
In 2021, Asia Pacific dominated the global bottled water market; it is expected to retain its dominance during the forecast period. Increased awareness regarding waterborne diseases, an increased acceptance of premium bottled water, and the shift in the demand from carbonated soft drinks to bottled water are driving the demand for bottled water across Asia Pacific. There is an increasing preference for nutrient-fortified water owing to the rising health consciousness among consumers. Furthermore, an increased presence of consumers supporting sustainability and eco-friendly products is leading to an increased demand for eco-friendly bottled water packaging. Companies such as Danone, Coca-Cola, and Pepsi Inc. are increasingly focusing on developing eco-friendly bottled water packages, which will provide growth opportunities for the bottled water market in Asia Pacific.
|Market Size Value in||US$ 228.84 Billion in 2022|
|Market Size Value by||US$ 322.85 Billion by 2028|
|Growth rate||CAGR of 5.9% from 2022 to 2028|
|No. of Pages||150|
|No. of Tables||111|
|No. of Charts & Figures||68|
|Historical data available||Yes|
|Segments covered||Type, Category, Flavor, and Distribution Channel|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
During the COVID-19 pandemic, consumers worldwide increasingly prioritized their health and wellness, boosting the demand for purified and ultra-purified bottled water. Consumers are increasingly consuming water on the go as it is a healthier option than high-calorie, carbonated, and sugary drinks such as sports drinks and juices. According to an article published in Beverage Industry in September 2021, the sales of bottled water grew by 4.7% in 2020. The growing awareness among the consumers regarding healthy beverages as well as the decision to abstain from carbonated soft drinks among many consumers is leading to an increased shift towards bottled water.
Based on type, the market is segmented into sparkling and still. The sparkling segment is expected to be the fastest-growing segment in the bottled water market. According to a recent report, consumers in the US are now consuming approximately 170 million gallons of sparkling water a year, with 67% drinking it daily or weekly. Consumers in North America are preferring sparkling water over soda, which is driving the demand for sparkling bottled water.
Danone; FIJI Water Company LLC; GEROLSTEINER BRUNNEN GMBH & CO. KG; The Coca-Cola Company; Nestlé S.A; Nongfu Spring; BlueTriton Brands, Inc.; PepsiCo, Inc; Voss of Norway AS; and RHODIUS Mineralquellen und Getränke GmbH & Co. KG are among the key players operating in the bottled water market. The leading players adopt strategies such as mergers & acquisitions and product launches to expand their geographic presence and consumer base.
The "Global Bottled Water Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The market is segmented based on type, category, flavor, distribution channel, and geography. Based on type, the market is segmented into sparkling and still. Based on category, the market is segmented into functional and conventional. Based on flavor, the market is bifurcated into plain and flavored. Based on distribution channel, the market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. Based on geography, the market is segmented into five main regions North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. Asia Pacific is expected to be the fastest-growing region worldwide, followed by North America.