Published : 20 Jan 2025
The Bottled Water Market, valued at USD 305.5 Billion in 2023, is anticipated to surpass USD 520.6 Billion by 2032, reflecting a projected CAGR of 6.1%
Developing purchaser mindfulness with respect to medical advantages of devouring filtered water is anticipated to drive the bottled water market over the figure time frame. In addition, increment in per capita spending and quick urbanization are likewise liable to fuel item request over the forecast period. Organizations in the market, for example, Nestlé Waters, have been concentrating on creating lightweight jugs. Nestlé has been putting resources into research and development that focuses to grow new age bottles.
Advancement in innovation and practices have decreased creation time, which is likewise adding to the development of the bottled water market. Asia Pacific was the biggest filtered water showcase because of early acknowledgment of the item.
Extension of the Chinese economy added to increment in disposable income, which turned into a key driver for the bottled water market. Developing number of comfort stores in China furnished organizations in the market with key dissemination channel to infiltrate provincial and urban areas of the nation. The accommodation stores volume came to about 41,000 out of 2016.A large portion of the significant makers, for example, Nestlé S.A.; PepsiCo Inc.; Bisleri International Pvt. Ltd.; and Danone Waters of America, Inc. have their very own sources, for example, springs and lakes. For example, Nongfu Spring possesses eight springs in China. The organization has two spring sources, two lake sources, and four mountain sources.
Bottled Water Market Statistics
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Market Insights
As far as income, the spring water section is relied upon to enroll the most elevated CAGR of 7.9% over the estimate time frame. Rising concerns with respect to sugar and fake sugars in carbonate drinks is assuming an essential job in driving item request. The mineral water section represented a piece of the overall industry of around notable in 2023 and is probably going to grow at a solid CAGR in the following couple of years. Interest for mineral water is generally provided food by creating nations, for example, India, Malaysia, and Indonesia.
Filtered water represented an offer of 33.0% of the general market an incentive. The section is required to enroll a solid CAGR amid the conjecture time frame. Interest for consumable water is expanding over the world, particularly in creating economies. Nations in Africa and Asia Pacific are relied upon to be key districts driving the interest for the item over the gauge time frame.
Expanding Demand for Premium and Functional Waters Offer Significant Bottled Water Market Opportunities
The bottled water industry represents a tremendous opportunity due to the increased demand for premium and functional waters, which reflect changing consumer preferences for health and wellness. As customers become more health-conscious, there is a noticeable shift away from regular bottled water and toward premium types that provide additional benefits. This trend includes fluids fortified with minerals, vitamins, electrolytes, or other functional additions that improve hydration and overall well-being.
Premium bottled waters, particularly those drawn from pristine natural springs or fortified with added nutrients, are gaining popularity among consumers looking for greater quality and additional health advantages. Consumers in this market category are willing to pay more for perceived health benefits, superior flavor, or unique sourcing stories. Furthermore, functional waters that claim specific health benefits such as improved digestion, increased energy, or detoxification are gaining popularity.
Bottled Water Market Segmentation
The global bottled water market is splits into 4 categories: product, packaging type, distribution channel, and regional markets
Bottled Water Market Regional Outlook
The Asia-Pacific area is one of the largest bottled water markets, driven by rapid urbanization, rising disposable incomes, and improved health awareness. Countries such as China and India are seeing significant increases in bottled water consumption, with a growing middle class driving demand for both premium and functional products. However, regional disparities remain, with established countries such as Japan exhibiting strong preferences for high-quality mineral waters, whereas developing markets choose affordable options. An expanded retail infrastructure and improved distribution channels also help to drive growth.
Europe is the third biggest market, which represented an offer of over 23% in 2023. Rising inclination for more advantageous option of filtered water to sugar-based refreshments has expanded the item utilization by almost 186.8 million of gallons in Germany. The MEA district is driven by developing the travel industry.
Bottled Water Market Players
Bottled water companies profiled in the report include The Coca-Cola Company, FIJI Water Company LLC, Gerolsteiner Brunnen GmbH & Co. KG, VOSS WATER, DANONE, PepsiCo, Nongfu Spring, Nestlé, Primo Water Corporation, Keurig Dr Pepper Inc., and National Beverage Corp.
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Mr. Richard Johnson
Acumen Research and Consulting
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