Bottled Water Market Set for CAGR 5.9% Explosive Growth to 2028 to Reach $ 322.85 Million by 2028 During (2022-2028)

According to our latest market study on "Bottled Water Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type (Sparkling and Still), Category (Functional and Conventional), Flavor (Plain and Flavored), and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)," the market is expected to grow from US$ 228.84 billion in 2022 to US$ 322.85 billion by 2028; it is estimated to grow at a CAGR of 5.9% from 2022 to 2028. The report highlights key factors driving the bottled water market and prominent players and their progress in the market.

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Market Insights

Shift in Demand from Carbonated Soft Drinks to Bottled Water

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.

Type Insights

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.

There has been a rising shift in consumer preference from carbonated soft drinks to bottled water. Consumers in North America are gradually shifting from soda to bottled water. The shift in the consumer's preference is driven due to an increased health-consciousness among consumers. Consumers are shifting from unnatural and high-sugar drinks to healthier alternatives, driving the bottled water market globally. For instance, in 2017, the bottled water consumption in the US reached 39.3 gallons per capita, while the carbonated soft drinks consumption fell to 38.5 gallons per capita. The increasing concerns over the health impacts of high-sugar beverages and the general trend toward diets have led to an increased demand for natural drinks, thereby fueling the growth of the bottled water market. Moreover, major bottled water brands such as Coca-Cola and Pepsi are introducing new flavors to their bottled water product portfolio to meet consumers' demand for flavored bottled water.

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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.

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 the well-established players constituting the majority of the bottled water market share.

Report Spotlights

Progressive trends in the bottled water industry to help players develop effective long-term strategies
Business growth strategies adopted by companies to secure growth in developed and developing markets
Quantitative analysis of the global bottled water market from 2020 to 2028
Estimation of the demand for bottled water across various industries
PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict the market growth
Recent developments to understand the competitive market scenario and the demand for bottled water
Market trends and outlook, coupled with factors driving and restraining the growth of the bottled water market
Understanding the strategies that underpin commercial interest with regard to the global bottled water market growth, aiding in the decision-making process
The bottled water market size at various nodes of market
Detailed overview and segmentation of the global bottled water market and its industry dynamics
The bottled water market size in various regions with promising growth opportunities

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