Press release
Global Bottled Water Market Size, Share, Price, Trends, Growth, Analysis, Report, Forecast 2024-2032
Bottled water, available in various forms such as spring water, mineral water, purified water, and sparkling water, is a staple in the global beverage market. It is often considered a healthier alternative to soft drinks and other sugary beverages. The ease of access, coupled with the assurance of quality and safety standards, has made bottled water a popular choice among consumers worldwide.
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The bottled water market growth is primarily driven by the growing health consciousness among consumers. As more people become aware of the importance of hydration and the potential health risks associated with sugary drinks, the demand for bottled water has surged. Additionally, the rising prevalence of waterborne diseases and concerns about the quality of tap water in various regions have further fuelled the demand for bottled water.
Furthermore, the market is witnessing a shift towards premiumisation, with consumers showing a willingness to pay a higher price for value-added products. This trend is evident in the growing popularity of functional waters, which are enhanced with minerals, vitamins, and other health supplements.
Innovation in packaging and product offerings is a significant bottled water market trend. Eco-friendly packaging solutions, such as biodegradable bottles and bulk water dispensers, are increasingly being adopted to address environmental concerns associated with plastic waste.
The global market is witnessing substantial growth across various regions. The Asia Pacific region, led by China and India, is experiencing rapid growth due to the increasing population, rising disposable incomes, and growing health awareness. North America and Europe also hold significant portions of the bottled water market share in the market, attributed to the established presence of major bottled water brands and high consumer awareness regarding health and hydration.
The future of the bottled water market looks promising, with opportunities for growth in both developed and emerging economies. The increasing demand for convenient, healthy, and safe hydration solutions is likely to continue driving the market forward. Additionally, the industry is expected to witness further innovation in product offerings and packaging solutions, particularly in the realm of sustainability and health benefits.
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Market Segmentation
The market can be divided based on type, distribution channels, and region.
Market Breakup by Type
Spring Water
Purified Water
Mineral Water
Distilled Water
Sparkling Water
Others
Market Breakup by Distribution Channels
Supermarkets and Hypermarkets
Convenience Stores
Home and Office Delivery
On Trade Channels
Others
Market Breakup by Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global bottled water market. Some of the major players explored in the report by Expert Market Research are as follows:
Nestlé SA
The Coca-Cola Company
Danone S.A.
PepsiCo Inc.
FIJI Water Company LLC.
BlueTriton Brands, Inc.
SUNTORY HOLDINGS LIMITED
Gerolsteiner Brunnen GmbH & Co. KG
Nongfu Spring Co., Ltd.
VOSS of Norway AS
Grupo Peñafiel
Bisleri International Pvt. Ltd
Others
Q1: What factors contributed to the significant growth of the bottled water market in 2023? A1: The growth of the bottled water market in 2023 can be attributed to several factors, including increasing consumer awareness of health and hydration, a shift towards healthier beverage choices, and concerns about the quality of tap water in some regions.
Q2: Which regions played a significant role in the market's growth in 2023? A2: North America, Europe, and Asia-Pacific were key regions contributing to the market's growth in 2023. North America, in particular, saw a surge in demand for bottled water due to health-conscious consumer preferences.
Q3: What types of bottled water are driving market growth?A3: The market growth is being driven by various types of bottled water, including still water, sparkling water, flavored water, and functional water. Consumers are seeking a wide range of options to suit their tastes and needs.
Q4: How are sustainability concerns impacting the bottled water market? A4: Sustainability concerns are influencing the market, leading to a shift towards eco-friendly packaging, recycling initiatives, and efforts to reduce plastic waste. Many companies are adopting more sustainable practices to meet consumer demands.
Q5: What role is innovation playing in the bottled water market's growth? A5: Innovation is a significant driver of growth in the bottled water market. Companies are introducing new flavors, packaging designs, and functional additives to cater to changing consumer preferences and lifestyles.
Q6: What are the key challenges facing the bottled water industry in its path to reaching USD 469.51 billion by 2032? A6: Some of the challenges include increased competition, regulatory changes related to packaging and labeling, and the need for continuous sustainability improvements. Companies will need to adapt to these challenges to maintain growth.
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