Spring Water Market is projected to reach USD 343.4 Bn by 2029 | Marketlook Consulting

The source of spring water is an underground aquifer. It is derived from a subterranean source where water naturally rises to the surface. Spring water varies in mineral content and Total Dissolved Solids (TDS) levels, which are both influenced by location. Due to the rising importance of health and wellness among consumers, nutrient-fortified water is becoming more and more popular. Travelers, working professionals, and domestic consumers have all been driving up demand. Alkaline, electrolyte-rich, fortified, caffeinated water and products fortified with additional hydrogen or oxygen have all gained popularity over the past few years. The demand for purified and ultra-purified bottled options is rising as consumers place a higher priority on their health and wellness. Global demand for spring water is being driven by the population's growing awareness of the negative effects of contaminated water. Spring water is free of toxins commonly found in drinking water, according to research, because it comes from a pure subsurface water source. Furthermore, pure spring water is rich in minerals, which are extremely beneficial to the body. The pH of spring water is neutral or slightly alkaline, which helps to neutralize acidity in the body and reduce free radical damage.

According to Marketlook Consulting's research report "Global Spring Water Market Analysis, 2021", the Global Spring Water market is anticipated to grow at a CAGR of 8.4% during 2022-29. The market would reach USD 343.4 Bn by 2029.

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Based on Packaging Type, the market is segmented into Bottled and Canned. In 2021, the bottled segment accounted for a significant market share of the global market. To meet rising demand, the distribution of bottled spring water has expanded. It is now available in almost every retail establishment

.Based on the Distribution Method Type, the Spring Water market utilizes Supermarkets/ Hypermarkets, Specialty stores, Online, and Others. In 2021, the subsegment of hypermarkets and supermarkets held a significant value share. Emerging number of supermarkets/hypermarkets across countries is contributing to the growing share of this segment. However, the online segment would emerge in the forthcoming years on account of the surging internet penetration and adoption of smart mobile phones.

"Global Spring Water Market Analysis, 2021" provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Spring Water providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors' capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

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Europe Dominated the Market

In 2021, Europe held the largest value share of the world market for spring water. The high-volume share of the region is primarily attributed to growing demand from France and Germany. These countries have a high demand for natural spring water. Nearly one-third of the European market for spring water comes from France. Additionally, the presence of the developed healthcare infrastructure is anticipated to propel industry growth over the forecast period as stated in the Marketlook Consulting research report "Global Spring Water Market Analysis, 2021".

According to Marketlook Consulting', the key players with a considerable market share in the global Spring Water market are Nestle S.A., Orient Beverages Pvt. Ltd. (Bisleri International Pvt. Ltd.), PepsiCo Inc., Tata Consumer Products Limited (Himalayan), Himalayas ONTOP, The Coca-Cola Company, Mountain Valley Spring Company, LLC, Bluetriton Brands, Ten Spring Water, Premium Waters, Inc

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Market Segmentation:
1. By Packaging Type (Bottled, Canned)
2. By Distribution Type (Supermarkets/ Hypermarkets, Speciality stores, Online, Others)
3. By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa)
4. By Company (Nestle S.A., Orient Beverages Pvt. Ltd. (Bisleri International Pvt. Ltd.), PepsiCo Inc., Tata Consumer Products Limited (Himalayan), Himalayas ONTOP, The Coca-Cola Company, Mountain Valley Spring Company, LLC, Bluetriton Brands, Ten Spring Water, Premium Waters, Inc.)
Key questions answered in the study:
1. What are the current and future trends of the Spring Water industry?
2. How the industry has been evolving in terms of packaging and distribution methods?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Spring Water industry?
5. What is the customer orientation, purchase behavior, and expectations from the Spring Water firms across various regions?

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