Global Bottled Water Market to Grow at a CAGR of 7.95% to 2021 Says at MarketResearchNest.com

MarketResearchNest.com adds “Global Bottled Water Market 2017-2021” new reports to its research database. The report spread across 79 pages with tables and figures in it.

The analysts forecast the global bottled water market to grow at a CAGR of 7.95% during the period 2017-2021.

Bottled water is drinking water packaged in plastic or glass water bottles. It can be carbonated or noncarbonated and flavored or unflavored. It is produced from groundwater or public water sources. The production of Bottled water can be segmented based on the products and applications. The bottled water processing should take place in a safe environment, and it is very critical to avoid any contamination of pathogenic bacteria.

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Technavio recognizes the following companies as the key players in the global bottled water market: Danone, Hint, Nestlé, PepsiCo, and The Coca-Cola Company

Other Prominent Vendors in the market are: AJE, Bickford's Australia, FIJI Water Company, Hangzhou Wahaha Group, Icelandic Glacial, Mountain Valley, Spring Company, Niagara Bottling, Premium Waters, Sedona Bottling Company, and VEEN Waters Finland.

Commenting on the report, an analyst team said: “The latest trend gaining momentum in the market is Increased demand for bottled water with added minerals. The consumers across the globe are looking for bottled water with added minerals. Owing to the increasing awareness about the impact of high-sugar beverages on health, consumers are moving toward healthy beverages that contain minerals and vitamins. The rising trend of natural food and beverages is expected to push the demand for bottled water further.”

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According to the report, one of the major drivers for this market is Increasing premiumization in bottled water. Owing to the increasing income levels of consumers, the sales of premium bottled water products are increasing. Therefore, bottled water manufacturers are more encouraged to launch premium bottled water products into the market. The growing population of high-net-worth-individuals (HNWI) is a key factor influencing the growth rate of premiumization. Such individuals prefer high priced bottled water than normal bottled water products.

Further, the report states that one of the major factors hindering the growth of this market is Threat from substitute products. Consumers purchase bottled water mainly to quench thirst and for refreshment. There are other substitute products, like juices, soft drinks, and others, available in the market that can serve the purpose as well. More soft drinks are launched into the market considering the demand for these products. The global soft drink market is expected to reach $1,115.67 billion by 2021 at a CAGR of 5.62% during the forecast period. This shows the growing demand for soft drinks. The wide availability of such products might hamper the growth of the global bottled water market during the forecast period. Many consumers like the taste of soft drinks and carbonated drinks. Manufacturers of such products introduce a wide variety of products to the market in convenient packaging formats. Hence, consumers can choose products based on the purpose and occasion.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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