Global Bottled Water Industry Surges with Remarkable Growth: New Study Highlights Market Trends and Future Prospects

Worldwide, the bottled water industry has grown 73% in the past ten years. Every minute, over 1mn bottles are sold globally. It has made a significant contribution to the global financial situation in terms of growth rate, market share, and sales generation. Increase in awareness about waterborne diseases, such as malaria, typhoid, diarrhea, food poisoning, and others have surge the demand for bottled water.

In the last decade, the Global Bottled Water industry has shown extraordinary and consistent yearly growth. The worldwide bottled water market was valued at more than USD 200 Billion in 2018 and increased significantly in 2019. Year 2020 brought a little jolt to the market however impact was not severe as demand rose while there was an issue with the supply chain.

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► Regional Demand Trend of Bottled Water
Asia Pacific is the largest bottled water market, with considerable growth in countries like China and India due to increased health awareness and demand for on-the-go hydration.
China is one such market where sales of bottled water are rapidly increasing. Companies are trying to capitalize on weather changes, such as summer, and an increase in health consciousness among consumers.

Bottled water consumption in the United States grew by 4.7% in 2021. In 2021, each American consumed 47 gallons of bottled water, a 3.9% increase from 2010.

► Highest number of Consumers
Singapore and Australia had the highest per capita use of bottled water, with 1,129 and 504 liters per year, respectively. Singaporeans drink the most bottled water and spend the most money on it per capita, far outpacing any other country.

► Fastest Growing Markets
Because of the Asia Pacific Region's growing population, rising living standards, an increase in illnesses caused by polluted water, and the government's failure to provide clean drinking water, the bottled water industry has a significant presence, particularly in India and China.

► New Product Launches
■ Danone-AQUA, Indonesia's largest bottled water company, debuted AQUA LIFE in January 2022, supplying healthy ingredients for water and drinks while protecting the environment and the country's resources in PET bottles made of 100% recycled material.
■ In August 2021, Danone S.A.'s Evian brand launched Evian+, a novel line of mineral-enhanced sparkling beverages designed to help customers get through the afternoon slump,. Evian+, manufactured from the brand's organic spring water from the French Alps, is enriched with magnesium and zinc to assist cognitive performance. Each 11.3-oz serving contains 12% of the daily magnesium requirement and 10% of the daily zinc requirement.
■ Otsuka Pharmaceutical launched label-free PET bottle versions of POCARI SWEAT and POCARI SWEAT ION WATER through e-commerce platforms in January 2021. These items are available in 300-ml label-free bottles in cases of 24 bottles.

► Major Competitors
The market is dominated by Danone, Coca-Cola, Nestle, and PepsiCo. Major and small businesses are competing for market share by launching new product variations as well as new differentiations in current items. Hoevelmann, Gerolsteiner Brunnen, Ferrarelle, Acqua Sant'Anna, San Benedetto, Spadel, Roxane S.A., CoGeDi International, and others are also involved.

► Future Prospects
Bottled water consumption is expected to rise at a 7% CAGR in the near future. The total amount of liquid used annually will stay steady, resulting in overall volume growth in accordance with population growth, while bottled water will expand significantly faster.

► Scope of the Study
The report "Bottled Water Market Analysis: Size, Share, and Forecast (2018-2028)-Segmentation by Product and Geography" by Makreo Research examines the bottled water market in particular. The study analyzes market demand and production data for bottled water, together with a thorough analysis of historical and current industry trends. The study analyzes the market by region, including North America, Europe, Asia-Pacific, and the Middle East. The report contains a good balance of macroeconomic and microeconomic analysis, both qualitative and quantitative. The competition has also been carefully examined in terms of significant M&A transactions that have occurred in the market and recent financial infusions.

► Period of Study
2018-2022 : Past and Present Scenario
2022: Base Year
2023-2028 : Future Outlook of the industry

► Segments Covered
■ Geography
Asia Pacific
North America
Europe
Middle East and Africa

■ Product Segmentation
Treated water
Sparkling water
Mineral water
Spring water
Well and Artesian
Well water and Glacier water

► Company's Covered
Nestle Waters
Danone
Dasani
Aquafina
Galceau Smartwaters
Poland Spring
Ozarka
Fiji Water
Bisleri International
Tingyi/Master Kong
VOSS Water
Nongfu Spring

Find out more:
Bottled Water Market Analysis, Size, Share and Forecast (2018-2028): Segmentation by Product and Geography
https://www.makreo.com/report/bottled-water-market-analysis-size-share-and-forecast-2018-2028-segmentation-by-product-geography

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This release was published on openPR.