Bottled Water Market is set to garner staggering revenues by 2024 - 2031 | Nestlé S.A., The Coca-Cola Company

Market Overview:

Growing demand for carbonated drinks, flavored and functional water is expected to drive growth of the bottled water market. For instance, according to Coherent Market Insights, global flavored and functional water market is expected to reach US$ 70.32 billion by 2025, from US$ 29.01 billion in 2017.

Market Dynamics:

The bottled water market is witnessing high growth owing to increasing consumption of healthy beverages. Consumers are becoming more health-conscious and prefer bottled water due to the perception of it being a zero-calorie and lower sugar drink compared to carbonated soft drinks and juices. According to a report, bottled water consumption increased by 7% in 2020 compared to the previous year. Additionally, growing focus on preventive healthcare amid COVID-19 is also driving consumers towards healthy food and beverage options like bottled water. The market growth is further supported by expanding retail distribution and rising disposable income of consumers in developing regions. However, stringent government regulations regarding plastic waste generation from bottled water packaging may slightly hamper market growth.

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Market Drivers

Increasing number of health conscious consumers globally

The bottled water market is experiencing strong growth driven by increasing health consciousness among consumers across the globe. More and more people are opting for bottled water instead of carbonated drinks and juices due to health reasons. Bottled water does not contain any calories, sugars or artificial flavors and colors. It supports hydration which is essential for proper functioning of the body. The risks associated with contaminated tap water are also pushing consumers towards bottled water options. Various health benefits of staying hydrated such as improved mental and physical performance are attracting people of all age groups to regularly consume bottled water.

Rising demand for affordable and portable bottled water

Another major driver for the bottled water market growth is the rising demand for affordable and portable bottled water options. With increasing urbanization and changing lifestyles, people have less time to drink water at home and require portable packaging. Bottled water fulfills this need perfectly as it can be carried anywhere conveniently in bottles or pouches. Especially in developing countries, affordable bottled water is adopted by the masses as it provides a cheaper alternative to canned carbonated drinks and juices. The availability of bottled water in small pouches and bottles starting from 250 ml makes it a value for money option for daily hydration needs on the go.

Market Trend

Rise of functional bottled water

One of the emerging trends in the bottled water market is the rise of functional bottled water infused with various ingredients. With growing health awareness, consumers are turning to bottled water variants offering specific wellness benefits beyond basic hydration. Examples include electrolyte enhanced water, flavored water with natural extracts, vitamized water fortified with essential vitamins and minerals, probiotic water infused with live microbes and immunity boosting water. These functional bottled waters cater to the evolving needs of health-conscious demographics. They are packaged in innovative designer bottles targeting both individuals as well as commercial establishments. This new product segment has strong potential for revenue growth in the coming years.

Top Companies Included in This Report:

★ Nestlé S.A.
★ The Coca-Cola Company
★ PepsiCo Inc.
★ Danone S.A.
★ Mountain Valley Spring Company LLC
★ The Hangzhou Wahaha Group Co., Ltd.,

Market Segmentation:

Based on Product Type:

★ Still
★ Carbonated
★ Flavored
★ Functional
★ Polyethylene Terephthalate (PET)
★ Glass
★ Hypermarkets
★ Supermarkets
★ Convenience Stores
★ Online Stores
★ Others

Key Regions/Countries Classified as Follows:

North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
South America (Brazil, Argentina, Rest of SA)
Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

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Latest Trends in the Navigation Bottled Water Market:

Surging Demand: Witness a rising demand for navigation Bottled Water owing to the escalating usage of GPS-enabled devices and the imperative for precise, up-to-date mapping data.

Innovations in Technology: Witness the emergence of novel technologies aimed at enhancing the precision and dependability of navigation Bottled Water, encompassing real-time traffic updates, 3D mapping, and augmented reality.
Tailored Solutions for Diverse Industries: Companies are tailoring navigation Bottled Water solutions to cater to the distinct requirements of various sectors such as automotive, aviation, and maritime.

Fusion with Emerging Technologies: Observe the integration of navigation Bottled Water with cutting-edge technologies like artificial intelligence and the Internet of Things, facilitating the provision of advanced functionalities.

Rise of Mobile Applications: Experience the proliferation of navigation Bottled Water in the form of mobile applications, offering enhanced convenience and accessibility to users.

Emphasis on Environmental Sustainability: Witness the development of navigation Bottled Water systems that consider environmental factors such as traffic congestion and air quality, fostering the provision of sustainable transportation alternatives.

Frequently Asked Questions (FAQs) for Global Navigation Bottled Water Market Research:
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About Us

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

This release was published on openPR.