Premium Bottled Water Market Size, Share, Trends, Analysis, Competition, Growth Rate, and Forecast 2029

Premium Bottled Water Market size was valued at USD 19.2 Bn in 2022 and is expected to grow at a CAGR of 6.7% through 2029.

Scope of the Report

The Premium Bottled Water Market encapsulates a segment of the bottled water industry dedicated to high-end, premium-priced products offering unique features such as enhanced taste, health benefits, or eco-friendly packaging. This sector primarily targets consumers willing to invest in quality and luxury.

Research Methodology

The report's data is meticulously curated from both primary and secondary sources to validate crucial market numbers through comprehensive market engineering, statistical calculations, and thorough data triangulation. A bottom-up approach was utilized, factoring in various economic elements and employing multiple triangulation methodologies to derive precise market estimations.

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Premium Bottled Water Market Dynamics

The increased emphasis on health and wellbeing, growing worries about the safety and purity of water, and rising disposable income among consumers are some of the drivers driving the premium bottled water industry. The growing trend of convenience and the requirement for on-the-go hydration have also contributed to the demand for premium bottled water.

Notwithstanding these factors, the market is confronted with a number of obstacles, including high prices, competition from other beverages, and environmental issues related to plastic waste. The market for bottled water also changed as a result of modifications in customer behaviour and disturbances in the supply chain.

Drivers of the Premium Bottled Water Market

The global market study offers a thorough examination of the key forces that are currently influencing the sector. The purpose of the research is to give stakeholders a comprehensive overview of the market so they can make wise decisions. For a number of reasons, the premium bottled water market is one of the largest in the world. The market is driven by customers' preference for healthier products and growing health consciousness. Growing discretionary incomes enable consumers to set aside money for high-end water products. The dynamics of the market are also shaped by shifting consumer tastes, which include flavoured and effervescent varieties. The tourism industry's expansion, convenience, and on-the-go lifestyle all contribute to the demand spike, while urbanisation fuels the market with increasing disposable incomes.

Market Opportunities for Premium Bottled Water

The study emphasises that there is room for profitable growth and expansion in the market for premium bottled water. The growing awareness of health among consumers offers a chance. People are prioritising their health more and more, which is driving up demand for pure, high-quality water. Premium bottled water firms hoping to cash in on the latest trends may find success with filtered water that satisfies strict quality criteria. According to the report, consumers that place a high priority on their health may be attracted by emphasising the health benefits and cutting-edge filtering technology.

Premium Bottled Water Market Segmentation

Premium Bottled Water Market , by Product

1.Spring Water
2.Sparkling Water
3.Mineral Water
4.Flavored Water

By Type of Product: Several market categories that each serve a distinct set of customer preferences can be identified. Natural springs provide spring water, which is prized for its mineral content and purity. With its fizz, sparkling water provides a cool substitute for sugary beverages. Derived from mineral springs, mineral water is advertised for its supposed health benefits and naturally occurring mineral content. Natural or artificially flavoured flavoured water offers a range of taste possibilities without the added sugars or calories of soft drinks. Companies that sell bottled water can use these segments to target particular customer demographics and create customised marketing campaigns. While some consumers prefer the fizz of sparkling water or the flavours of flavoured water, others value natural sources and go for spring or mineral water.

Premium Bottled Water Market , by Distribution Channel

1.Hypermarkets & Supermarkets
2.Specialty Stores
3.Online
4.Others

Premium Bottled Water Market , by Packaging

1.Plastic Bottles
2.Glass Bottles
3.Aluminium Cans

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Premium Bottled Water Market Key Players

North America:

1. Nestle Waters (Switzerland)
2.PepsiCo (United States)
3.Coca-Cola (United States)
4. Niagara Bottling (United States)
5.Icelandic Glacial (Iceland)
6.Fiji Water (United States)

Europe:

1.Danone (France)
2. San Benedetto (Italy)
3. Ferrarelle (Italy)
4.Gerolsteiner (Germany)
5.Vittel (France)
6.Evian (France)
7. Perrier (France)

Asia Pacific:

1.China Resources Beverage (China)
2.Nongfu Spring (China)
3.Tingyi Holdings (China)
4.Asahi Group Holdings (Japan)
5.Ito En (Japan)
6.Suntory Beverage & Food (Japan)
7. Lotte Chilsung Beverage (South Korea)

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Table of content for the Premium Bottled Water Market includes:

Part 01: Executive Summary

Part 02: Scope of the Premium Bottled Water Market Report

Part 03: Global Premium Bottled Water Market Landscape

Part 04: Global Premium Bottled Water Market Sizing

Part 05: Global Premium Bottled Water Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

The Premium Bottled Water market encompasses regions like North America, Asia Pacific, Europe, Middle East and Africa, and South America. Each region plays a significant role in shaping the market. For instance, the North America Premium Bottled Water Market is experiencing a rise in demand , driven by the adoption of electric and zero-emission vehicles for the non-tactical fleet of the U.S. military. The Asia Pacific region, on the other hand, is witnessing strong investments in Premium Bottled Water to bolster military capabilities.

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