Bottled Water Market Set to Surpass $515.3 Billion by 2031, Boosted by Growing Health Consciousness and Shift from Sugary Drinks

In a recently published report by Allied Market Research valued the global bottled water market size at $301.7 billion in 2021. It also assessed the industry to reach $515.3 billion by 2031, growing a CAGR of 5.5% from 2022 to 2031.

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What does the AMR research report include?

The report examines competitive dynamics by analyzing business segments, product offerings, target market revenues, and geographical presence. It offers a comprehensive overview of the strategic developments by leading players in the landscape.

This study also includes qualitative insights into market dynamics such as drivers, restraints, and opportunities. Moreover, it encompasses regulatory analysis and pricing strategies.

The research applies analytical tools like Porter's Five Forces framework across North America, Europe, Asia-Pacific, and LAMEA regions to provide well-refined and authentic data sets.

Current trends in the global bottled water market, including R&D activities, regulatory frameworks, and government initiatives, are examined in this piece. Over 3,500 documents related to the industry have been investigated to produce valuable industry insights for the global bottled water sector.

This comprises product literature, industry announcements, annual reports, and credible journals from industry participants and government sources.

Contemporary trends in the industry

Increasing awareness of health and hygiene

There is an increasing health awareness among consumers, resulting in a noticeable decline in soda consumption as people look for healthier alternatives. Data from the U.S. Centers for Disease Control and Prevention indicated a marked drop in soda sales, while bottled water gained popularity.

In response, governments in Europe and North America promoted public health initiatives encouraging water consumption, further enhancing the bottled water market.

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Rise in bottled water consumption in developing countries

Another significant trend is the rapid expansion of bottled water consumption in emerging markets, especially in Asia-Pacific, Latin America, and Africa. Issues surrounding water quality and access to safe drinking water heightened the demand for bottled water in these areas.

For example, data from the Indian Ministry of Drinking Water and Sanitation revealed that only about 70% of the population had access to safe drinking water, increasing reliance on bottled alternatives.

Sustainable practices

Sustainability emerged as a key focus in the late 2010s, due to the growing regulatory demands to tackle plastic waste. The European Union introduced the Single-Use Plastics Directive aimed at reducing plastic pollution.

This encouraged bottled water companies to develop more eco-friendly packaging solutions.

Companies profiled in the study

Danone

Niagara Bottling, LLC

Nestle Waters

PepsiCo Inc.

The Coca-Cola Company

VOSS of Norway AS

Nongfu Spring

Icelandic Glacial Inc.

BlueTriton Brands, Inc.

HANGZHOU WAHAHA GROUP CO., LTD.

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Regional Highlights

The bottled water market in the Asia-Pacific region is anticipated to experience the highest CAGR of 7.0% during the forecast period, capturing 27.0% of the market share in 2021. This growth is primarily influenced by rising demand for bottled water in countries like China, India, Japan, and Australia.

China stands out as the leading consumer of bottled water, followed closely by India and Japan. Furthermore, global manufacturers view the Asia-Pacific market as highly appealing due to factors such as low labor costs, affordable expenses for establishing production facilities, and inexpensive bottled water.

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These aspects are fueling the growth of the bottled water industry in this area.

FAQs covered

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The Allied Market Research report on the global bottled water sector offers key insights and newer perspectives on the landscape for stakeholders. Companies can use this information to capitalize on growth opportunities, improve their product lines, and effectively strengthen their market positions through strategic moves to achieve their growth objectives.

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