The global Bottled Water Market is expected to be valued at USD 506.55 billion by 2028 from USD 218.24 Billion in 2020, registering a CAGR of 11.4% through the forecast period. The exponential expansion of the market can be accredited to the augmenting consciousness about the advantages of bottled water for health, availability of different flavors, and convenience of use. Bottled water can either be carbonated or not and is available in plastic and glass packaging. The increasing apprehension about the nutritional benefits conferred by bottled water has propelled its use among the younger generation, in turn, driving the market growth.
The
escalating inclination towards the bottled water has also led to numerous
restaurants offering packaged water to cater to the growing consumer demand.
Furthermore, the stringent regulatory policies laid down by the FDA for bottled
water have increased the confidence of consumers on such products. The advent
of the COVID-19 pandemic also acted as a market growth factor as the demand for
bottled water saw a massive surge in the initial phase of the pandemic with
widespread lockdowns, increasing consciousness about health, and stockpiling
attitude among the consumers.
The
surging increase of the health and wellness trend among the consumers has also
added to the market expansion. However, the environmental and health risks
associated with the use of bottled water may potentially impede market growth.
The inefficient recycling of plastic bottles and the increasing amount of
energy used during processing and shipping are key market restraining factors.
Moreover, high operational costs of the manufacturing units are also projected
to impede the market expansion during the projected timeframe.
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Competitive
Landscape:
The research
report offers details about leading companies in the global Bottled Water
market along with global position, financial standing, license agreement,
products and services portfolio and revenue contribution of each market player.
Key players in the market are focusing on adopting various strategies such as
mergers and acquisition, business expansion plans, new product launches,
partnerships, collaborations, joint ventures to enhance their product base and
gain robust footing in the market.
Market
Dynamics:
Increasing consumer
inclination towards functional, organic and probiotic-based food & drinks
is providing impetus to the growth of global food and beverage industry.
Various studies have come with health benefits associated with “ethnic” and organic
food products. These foods improve cardiovascular health, improves arthritis,
digestive issues, and other inflammatory conditions. Consumers are gradually
focusing on mindful eating and consuming food for health and wellness. Changing
eating and dietary patterns of consumers is prompting brand owners and new
entrants to introduce healthy foods options. Several clean-label products have
been introduced in the market and consumer curiosity for new products is
immense
Growing
middle class consumers with rising income in developing countries such as India
and China will boost food & beverage market growth. Moreover, increasing
consumer preference for procuring food and beverage items from online platforms
due to variety, cost and time-saving will foster market size through 2028.
Some of the Leading Market Players Are Listed Below:
· The
Coca-Cola Company,
· Nestle,
· PepsiCo,
· Primo
Water Corporation,
· FIJI
Water Company LLC,
· VOSS
WATER,
· RHODIUS
Mineralquellen und Getränke GmbH & Co. KG,
· Bisleri
International Pvt. Ltd.,
· Danone
S.A.,
· Nogfu
Spring,
· Gerolsteiner
Brunnen GmbH & Co. KG.
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Market Segmentation:
Bottled Water Market Segmentation based on Product Types:
- Purified
- Sparkling
- Still
- Mineral
Bottled Water Market Segmentation based on Category Outlook:
- Plain
- Flavored
Bottled Water Market Segmentation based on Distribution Channel Outlook:
- Off-trade
- On-trade
Bottled Water Market Segmentation based on Regions:
·
North
America (U.S., Canada, Mexico)
·
Europe
(Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe)
·
Asia
Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
·
Latin
America (Brazil, Rest of Latin America)
·
Middle
East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East &
Africa)
Key
Features of the global Bottled Water Market:
·
The
report offers detailed estimations at the regional level with manufacturers,
consumption, sales and import/export dynamics.
·
The
report provides accurate details related of the manufacturers/vendors in the
market, company overview, pricing analysis, financial standing, product
portfolio, and gross profit of leading companies.
·
Company
profiling with prevalent expansion strategies, revenue generation, and recent
developments.
·
Optimum
strategic initiatives for new players in the market.
·
Manufacturing
processes, suppliers, cost, rates of production and consumption, transport mode
and cost structuring, and value chain analysis.
·
The
study also includes supply chain trends, including elaborate descriptions of
the latest technological development
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