Household Water Dispensers Market Growth and Recent Trends by 2028

[Research Report] The household water dispensers market was valued at US$ 5,395.43 million in 2022 and is projected to reach US$ 7,401.12 million by 2028; it is expected to register a CAGR of 5.4% from 2022 to 2028.

The increasing groundwater contamination has resulted in a rise in waterborne illnesses, such as cholera, E. coli, and gastrointestinal illnesses, which is creating the demand for household water dispensers. According to the Centers for Disease Control and Prevention (CDC), 1 out of 44 people suffer from waterborne illnesses in the US every year. However, water dispensers remove contaminants such as cryptosporidium and giardia, which helps in reducing the possibility of gastrointestinal illnesses by 33%. In addition, household water dispensers help remove minerals and chlorine and its byproducts, which reduces the threat of rectal and bladder cancer. Additionally, clean drinking water helps improve the digestive system, boost the overall immune system, and improve skin health. Thus, the increasing demand for clean drinking water owing to the rise in awareness about its health benefits is propelling the household water dispensers market growth.

In 2022, Asia Pacific held the largest share of the global household water dispensers market and is also estimated to register the highest CAGR during the forecast period. Rapidly growing population base and increasing urbanization indirectly contribute to the market growth. Also, the proliferation of e-commerce platforms has made it easier for consumers to purchase water dispensers online, further boosting sales. In addition, Asia Pacific is home to several leading manufacturers of water dispensers, which has led to increased competition and innovation in the household water dispensers, further fueling the household water dispensers market growth.

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Household Water Dispensers Market: Strategic Insights

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Impact of COVID-19 Pandemic on Household Water Dispensers Market

In 2021, the European markets witnessed a positive retrieval as governments of various countries relaxed the restrictions and permitted manufacturers to employ at full capacity. Increased production volumes and improved supply chain operations bolstered the growth of the household water dispensers market in Europe. Moreover, in 2021, governments of various countries in Asia Pacific removed various restrictions and permitted manufacturers in the consumer goods industry to operate at full capacity. As a result, household water dispenser manufacturers were able to overcome the demand and supply gaps and recover from the losses due to the impact of the COVID-19 pandemic. The ease of lockdown helped in regulating the supply of household water dispensers, as the supply chain of raw materials and shipments was regulated.

Market Insights

Growing Adoption of E-Commerce Platforms Drives Household Water Dispensers Market

E-commerce platforms are being used widely across the globe. Increase in penetration of smartphones and the internet, rise in purchasing power of consumers, and convenient shopping experiences provided by online retail platforms are a few factors driving the sales of various products, such as household water dispensers, through e-commerce platforms. People increasingly prefer online retail platforms to buy household water dispensers owing to the availability of various products of different brands at affordable prices, detailed product descriptions, consumer ratings and reviews, and home delivery services. During the COVID-19 outbreak, individuals were restricted to their homes, which increased their inclination toward online shopping. With the rising penetration of e-commerce across different geographies, household water dispenser manufacturers are enhancing their online presence by selling their products through well-known e-commerce platforms, such as Amazon.com, Lidl, and Walmart. For instance, in June 2019, Eureka Forbes shifted its focus to e-commerce in order to increase its sales and expand its direct sales to smaller towns. Moreover, key players in the market are introducing their own websites and offering various discounts and extended warranties on products. Thus, the growing adoption of e-commerce platforms is driving the household water dispensers market.

Function-Based Insights

Based on function, the household water dispensers market is bifurcated into water cooling/heating and regular. The regular segment held a larger share of the market in 2022. There is a surge in demand for regular household water dispensers as many people are becoming increasingly concerned about tap water quality and the potential of contaminants. Regular household water dispensers are often more affordable than those with cooling or heating functions. They offer a cost-effective solution for households looking for a simple and practical way to access clean drinking water.

Household Water Dispensers Market Regional Insights

The regional trends and factors influencing the Household Water Dispensers Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Household Water Dispensers Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Household Water Dispensers Market Report Scope

Household Water Dispensers Market Players Density: Understanding Its Impact on Business Dynamics

The Household Water Dispensers Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Distribution Channel-Based Insights

Based on distribution channel, the household water dispensers market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The online retail segment is expected to register the highest CAGR during the forecast period. Online stores often offer competitive prices on water dispensers since they have lower overhead costs than physical stores. Additionally, online stores often provide customer reviews and ratings, allowing customers to read about other people's experiences with the product before making a purchase.

The major players operating in the household water dispensers market include SodaStream, Inc.; Avalon Water, Co. Inc.; Blue Star Ltd.; International Business Development, Inc.; Cosmetal Srl; Culligan International, Co.; Canaletas SA; Waterlogic Holdings Ltd.; Primo Water Corp.; Clover Co. Ltd.; and Oasis International, Inc. These companies are focusing on new product launches and geographical expansions to meet the growing consumer demand worldwide. They have a widespread global presence, which provides them to serve a large set of customers and subsequently increases their market share. These market players focus heavily on new product launches and regional expansions to increase their product range in specialty portfolios.

Report Spotlights

• Progressive industry trends in the household water dispensers market to help companies develop effective long-term strategies
• Business growth strategies adopted by the market players in developed and developing countries
• Quantitative analysis of the market from 2020 to 2028
• Estimation of global demand for household water dispensers
• Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers in the household water dispensers market
• Recent developments to understand the competitive market scenario
• Market trends and outlook, and growth drivers and restraints in the household water dispensers market
• Assistance in the decision-making process by highlighting market strategies that underpin commercial interest
• Size of the household water dispensers market at various nodes
• A detailed overview and household water dispensers industry dynamics
• Size of the household water dispensers market in various regions with promising growth opportunities