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Bottled Water Market Report by Competitive Scenario of the Market, Major Competitors, Share, Industry Demand and Growth | Forecast 2023
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Increasing economic stability and urbanization in developing countries, such as China, Brazil, India and Mexico, is generating demand for bottled water. In emerging countries, consumer awareness towards the safe and clean water had driven the growth of the bottled water market.
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Geographically, Asia-Pacific dominates the global bottled water market, followed by Europe. However, developing countries in Asia-Pacific such as India and China are expected to be the fastest growing regional market of the bottled water during the coming years. The expansion of bottled water market in developing countries is attributed to shifting inclination in drinking habits toward more hygienic drinking alternatives, rising disposable income, high consumption volume of water, and growing consumption of functional water in the region.
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Some of the major players in the global bottled water market include PepsiCo Inc., Nestle Waters, Groupe Danone, Icelandic Water Holdings ehf, The Coca- Cola Company, Mountain Valley Spring Company, LLC, Hangzhou Wahaha Group Co., Ltd., Sunny Delight Beverages Company, and Balance Water Company.
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