The Global Bottled Water Market size is expected to grow at a CAGR of 6.3% during the forecast period. The global bottled water market is projected to reach USD 190.3 billion by 2028. The key factors driving the growth are increasing health-consciousness among consumers and rising demand for convenience food products in emerging economies across the Asia Pacific and Latin America.
Bottled water consumption has grown exponentially over the last decade due largely in part to increased awareness about health and wellness initiatives across North America. Drinkers are becoming more aware of the difference between tap versus bottled hydration sources: one being municipal drinking water sourced via pipes while the other flowing straight out of ground springs untouched by man-made.
The definition of bottled water can be broadened to include any drink that comes in a bottle made from plastic or glass and contains no calories, sugar, or artificial sweeteners. This would include mineral waters (including sparkling), distilled waters, carbonated beverages (such as sodas), and energy drinks.
In recent years, bottled water has also become a popular “anti-aging drink” due in part to its purported ability to rid the body of toxins and lower the risk for heart disease. It has grown considerably over the last decade due largely in part to increased awareness about health and wellness, the popularity of fitness, and healthy lifestyles.
On the basis of Type, the market is segmented into Carbonated Bottled Water, Flavored Bottled Water, Still Bottled Water, and Functional Bottled Water.
Carbonated bottled water is a type of bottled water with carbon dioxide dissolved in it. It has many benefits as an alternative to other types of beverages such as sodas or juices because the carbonation helps improve hydration and reduces feelings of thirst, without adding any extra calories. Carbonated bottled waters are also available in flavors like fruit, citrus, and coconut. Carbonated water is a type of bottled water that has had carbon dioxide added to it before being sealed in its bottle. It starts out as regular drinking water which is then charged with CO₂ gas under high pressure, making it fizzy like soda or sparkling wine.
Flavored bottled water is becoming popular in recent years because not only does it provide refreshment to consumers but also a delicious taste experience with different flavors such as orange, grapefruit, lemon-lime, or exotic fruit tea. The flavorings used for this type of bottled water are natural fruit extracts and plant-based flavors. Consumers like using these flavored water bottles as a refreshing drink or to add flavor to their beverages, such as iced tea, lemonade, margaritas, and other cocktails.
Still water is the most common type of bottled water. It is commonly processed by just adding a small number of natural minerals for taste, and no other additives are required. The term "still" refers to how it has not been carbonated or treated with gas that creates bubbles (carbonation).
Functional bottled water is a type of drinking water that has been enhanced with vitamins, minerals, and other natural ingredients that are claimed to have beneficial effects on health. Functional drinks like these often contain electrolytes due to their hydrating properties. Some examples include enhanced mineral waters, vitamin-infused waters, or energy drink mixers.
On the basis of Application, the market is segmented into Retail Stores, Supermarkets, and E-retailers.
Bottled water is mostly seen in retail stores as an impulse purchase, due to convenience. The bottled water industry has grown over the years because more retailers are carrying it and offering it for sale than ever before. This includes supermarkets, specialty grocery stores, drugstores, clubs, and other similar establishments that regularly sell goods on a non-basis basis.
Supermarkets sell bottled water mainly because they are places that the public has access to and can buy bottles from. Bottled water in supermarkets often goes on sale or has promotions like two for one, which makes it more affordable than buying at a convenience store.
The retail market is the largest application segment for bottled water, accounting for nearly half (49.0%) of total global sales in 2018. E-retailers are expected to have low growth rates over the forecast period, as it is a newer channel and the penetration of e-retailers in this segment is low.
On the basis of Region, the market is segmented into North America (United States), Latin America (Brazil), Europe (Germany), Asia Pacific & Middle East, Africa, and the Rest of the World.
In North America, the US bottled water market is projected to grow significantly, owing primarily to increasing demand and consumption for functional beverages such as antioxidants from the health-conscious population in both men and women across various age groups.
The Latin American markets are predicted to witness increasing demand for flavored and carbonated bottled water in Brazil as well as Mexico due to factors such as improving living standards, urbanization, changing lifestyle patterns across various age groups.
In Europe which is considered a mature market with comparatively lower per capita consumption of bottled water, the demand is projected to grow due to factors such as higher income and disposable incomes across various age groups, increasing awareness about health and wellness among consumers in countries like Russia, France, and Germany, etc.
In the Asia Pacific region which includes China's huge market dominated by carbonated bottled water, the demand is projected to grow due to factors such as increased awareness about health and wellness among consumers in countries like China, etc.
Up Market Research published a new report titled “Bottled Water Products Market research report which is segmented by Types (Carbonated Bottle Water, Flavored Bottle Water, Still Bottle Water, Functional Bottle Water, Others), By Applications (Retail Stores, Supermarkets, E-retailers), By Players/Companies PepsiCo, Coca Cola, Suntory, Unicer, Icelandic Glacial, CG Roxane, Vichy Catalan, Mountain Valley Spring”.
|Report Attributes||Report Details|
|Report Title||Bottled Water Products Market Research Report|
|By Type||Carbonated Bottle Water, Flavored Bottle Water, Still Bottle Water, Functional Bottle Water, Others|
|By Application||Retail Stores, Supermarkets, E-retailers|
|By Companies||PepsiCo, Coca Cola, Suntory, Unicer, Icelandic Glacial, CG Roxane, Vichy Catalan, Mountain Valley Spring|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||237|
|Number of Tables & Figures||166|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Carbonated Bottle Water, Flavored Bottle Water, Still Bottle Water, Functional Bottle Water, Others and By Application Retail Stores, Supermarkets, E-retailers.
Some of the companies that are profiled in this report are:
Bottled Water Products Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Bottled Water Products Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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