Premium Bottled Water Market Opportunity 2020-27 Growth Factors and Demand
Premium bottled water is usually water drawn from an underground water spring that meets the quality requirements of traditional packaged water without any processing. Packaged water available on the market undergoes a variety of procedures, such as ozone treatment or reverse osmosis, which was commonly used for human consumption.
The global premium bottled water market is witnessing a notable growth rate and is expected to continue to do during the forecast period. The growth of the market can be attributed to rapid urbanization and modernization in emerging economies is stimulating business growth. The increase in tourism and awareness among consumers is expected to increase the growth of the industry. For instance, hotels and restaurants, are rapidly deploying quality bottled water to prevent pollution issues and to maintain customer hygiene which will further propel the market growth. Consumers prefer flavored bottled water due to its low-calorie content as it hydrates and also has some health benefits. As a result, the increasing change from carbonated to non-carbonated beverages is expected to increase the market growth. However, the high cost of premium bottled water is hampering the market growth.
• GEROLSTEINER BRUNNEN
• The Coca-Cola Company
• Tibet Water Resources
• Bling H2O
• FIJI Water
• Perrier Vittel Group SA (Perrier)
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Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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