Bottled Water Market worth US$ 322.85 Billion by 2028 - Exclusive Research by The Insight Partners

The Insight Partners has added Latest Report on "Bottled Water Market To 2028". Research Report mainly includes Size, Share, growth Factors, sales, Demand, Revenue, Trade, Forecast and Global companies Analysis. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors including but not limited to supply chain management, niche markets, distribution channel, trade, supply, and demand and production capability across different countries.

The bottled water 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.

Bottled water is drinking water packaged inside a plastic or glass bottle. It is one of the most convenient ways for the body to fulfill its hydration needs and is easily available in retail stores. 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.

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The Prominent/Emerging Players in the Bottled Water Market includes:

• 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
• RHODIUS Mineralquellen und Getränke GmbH & Co. KG

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 COVID-19 pandemic adversely affected the consumer goods industry with the shutdown of manufacturing facilities, difficulty in procuring raw materials and components, and restrictions on logistic operations. The disruptions in the supply of raw materials to manufacturers hampered bottled water production. The outbreak distorted operational efficiency and disrupted the value chains due to the sudden shutdown of national and international boundaries, creating revenue loss and damage. Various bottled water manufacturers had to temporarily close their operations or limit their production capacities, negatively impacting the bottled water market. However, the businesses are gaining ground as governments of various countries worldwide have eased out the previously imposed restrictions. The start of operations in the bottled water manufacturing units is positively impacting the bottled water market.

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 bottled water 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. In terms of category, the market is segmented into functional and conventional. Based on flavor, the market is segmented 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. In 2021, Asia Pacific dominated the bottled water market and is expected to be the fastest-growing region over the forecast period. The countries in Asia Pacific are emerging markets for bottled water, which can be attributed to the increasing health consciousness among consumers and the growing acceptance of premium bottled water in countries such as India, China, and Japan. Moreover, the increased demand for flavored bottled water is fueling the market growth in Asia Pacific.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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