The global bottled water market was valued at $301.7 billion in 2021, and is projected to reach $515.3 billion by 2031, growing at a CAGR of 5.5% from 2022 to 2031.
Bottled water is the packaged drinking water that fulfills the hydration needs of the body, which is purified and free from contamination. It is available in plastic and glass water bottles and considered the most convenient way, since it is easily available in nearby retail stores and supermarkets.
Factors such as rise in urban population, increase in disposable income, improvement in standard of living, and the emergence of eco-friendly materials for bottles are crucial factors responsible for the growth of the bottled water market. In addition to this, the major driving factors of the bottled water market include rise in healthcare awareness about the water borne diseases, such as malaria, typhoid, diarrhea, food poisoning, and other diseases. Moreover, bottled water is more portable and convenient to use as they are handy, which also supports the growth of this market.
However, stringent regulations for the approval of bottled water hinder the growth of the market. Moreover, the harmful effects of using plastic bottles due to the presence of chemicals, such as Bisphenol A (BPA) can cause neurological diseases and behavioral problems among children. In addition, tap water is available at a lower cost, which also acts as a hindrance to the growth of the bottled water market.
On the contrary, increase in demand for flavored bottled water owing to its fruit essence and artificial sweeteners contents surge the popularity of flavored bottled water among consumers. Moreover, they are also considered as a healthy alternative over normal sugary drinks. This is anticipated to increase the sales of flavored bottled water; thus creating remunerative opportunities for the market.
The bottled water market analysis is done on the basis of type and region. Depending on type, the market is divided into carbonated water, flavored water, still water, and functional water. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global bottled water market profiles leading players include, Danone, Hangzhou Wahaha Group Co, Ltd., Icelandic Glacial, Nestlé, Niagara Bottling, LLC., Nongfu Spring., Norland International, PepsiCo, The Coca-Cola Company, and VOSS of Norway AS. The global bottled water market report provides in-depth competitive analysis as well as profiles of these major players.
Bottled water is the packaged drinking water that fulfills the hydration needs of the body, which is purified and free from contamination. It is available in plastic and glass water bottles and considered the most convenient way, since it is easily available in nearby retail stores and supermarkets.
Factors such as rise in urban population, increase in disposable income, improvement in standard of living, and the emergence of eco-friendly materials for bottles are crucial factors responsible for the growth of the bottled water market. In addition to this, the major driving factors of the bottled water market include rise in healthcare awareness about the water borne diseases, such as malaria, typhoid, diarrhea, food poisoning, and other diseases. Moreover, bottled water is more portable and convenient to use as they are handy, which also supports the growth of this market.
However, stringent regulations for the approval of bottled water hinder the growth of the market. Moreover, the harmful effects of using plastic bottles due to the presence of chemicals, such as Bisphenol A (BPA) can cause neurological diseases and behavioral problems among children. In addition, tap water is available at a lower cost, which also acts as a hindrance to the growth of the bottled water market.
On the contrary, increase in demand for flavored bottled water owing to its fruit essence and artificial sweeteners contents surge the popularity of flavored bottled water among consumers. Moreover, they are also considered as a healthy alternative over normal sugary drinks. This is anticipated to increase the sales of flavored bottled water; thus creating remunerative opportunities for the market.
The bottled water market analysis is done on the basis of type and region. Depending on type, the market is divided into carbonated water, flavored water, still water, and functional water. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global bottled water market profiles leading players include, Danone, Hangzhou Wahaha Group Co, Ltd., Icelandic Glacial, Nestlé, Niagara Bottling, LLC., Nongfu Spring., Norland International, PepsiCo, The Coca-Cola Company, and VOSS of Norway AS. The global bottled water market report provides in-depth competitive analysis as well as profiles of these major players.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the bottled water market analysis from 2021 to 2031 to identify the prevailing bottled water market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the bottled water market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global bottled water market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
BY PRODUCT TYPE
- Flavored Bottled Water
- Still Bottled Water
- Carbonated Bottled Water
- Functional Bottled Water
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- PepsiCo Inc.
- Nestle Waters
- The Coca Cola Company
- HANGZHOU WAHAHA GROUP CO., LTD.
- Danone
- Icelandic Glacial Inc.
- Niagara Bottling, LLC
- Nongfu Spring
- Norland International
- VOSS of Norway AS
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: BOTTLED WATER MARKET, BY PRODUCT TYPE
CHAPTER 5: BOTTLED WATER MARKET, BY REGION
CHAPTER 6: COMPANY LANDSCAPE
CHAPTER 7: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Bottled Water Market,' the bottled water market was valued at $301.7 billion in 2021, and is estimated to reach $515.3 billion by 2031, growing at a CAGR of 5.5% from 2022 to 2031.Bottled water is packed water that meets all applicable government, regional federal or state standards, which is sealed in a sanitary container, and is sold for human consumption. In addition to this, bottled water are available in various sizes ranging from small single serving bottles to large carboys used for water coolers. There are several types of bottled water, such as still water, flavoured water, carbonated water, and functional water.
Growing awareness for health-related activities has surged the demand for bottled water owing to its great taste and added nutrients. This is expected to fuel the bottled water market growth during the forecast period. Furthermore, increase in value and potential of bottled functional water and the fact that bottled functional water become a major commercial beverage category in both developed and developing economies, including the U.S., China, and others owing to its enrichment with supplements ingredients such as vitamins, minerals, acids, herbs, raw fruits or vegetables has made customers more linear towards it. This is expected to drive the global bottled water market.
However, the availability of tap water at cheaper rates as compared to bottled water is expected to hinder the growth of the bottled water market during the forecast period.
On the contrary, there is a rapid shift towards using safe, refreshing, and healthy beverages that are free from calories, caffeine, and preservatives. This is anticipated to increase the sales of bottled water owing to accruing health benefits associated with the use of bottled water; thus creating lucrative opportunities for the market.
The bottled water market is segmented on the basis of type and region.
By type, the market is segregated into carbonated water, flavored water, still water, and functional water. The still water segment dominated the global market, in terms of revenue in 2021, with 64.3% of the total share. This is attributed to increase in demand for cheap and safe drinking water where still bottled water is the highly preferred bottled water types among restaurants & hotels, supermarkets, offices, and other areas of application.
Region-wise, the bottled water market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific bottled water market size is projected to grow at the highest CAGR during the forecast period, owing to factors such as rise in urbanization, standard of living, and rise in health awareness about waterborne diseases, such as malaria, typhoid, diarrhoea, food poisoning, and others, which in turn surge the utilization of safe and clean bottled water. In addition, the beverage sectors in the region witnesses a significant growth owing to rapid establishments of food & beverage sectors where flavored and carbonated bottled water is widely used to produce a wide range of soft drinks. In addition, the arrival of local players in Asia-Pacific is expected to augment the growth of the bottled water market in this region.
Key players operating in the global bottled water market include, Danone, Hangzhou Wahaha Group Co, Ltd., Icelandic Glacial, Nestlé, Niagara Bottling, LLC., Nongfu Spring., Norland International, PepsiCo, The Coca-Cola Company, and VOSS of Norway AS
Companies Mentioned
- PepsiCo Inc.
- Nestle Waters
- The Coca Cola Company
- HANGZHOU WAHAHA GROUP CO., LTD.
- Danone
- Icelandic Glacial Inc.
- Niagara Bottling, LLC
- Nongfu Spring
- Norland International
- VOSS of Norway AS
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 211 |
| Published | May 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 301.7 billion |
| Forecasted Market Value ( USD | $ 515.3 billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
