The global packaged
water market is anticipated to reach USD 470.0 billion by 2025,
according to a new report by Grand View Research, Inc. increasing health
awareness, and rising disposable income are the key factors that are driving
the market growth.
The increasing health awareness is driving people to
add nutrition in their diet. Factors such as poor quality of tap water, risk of
water borne diseases, and ease of availability of packaged water has increased
the demand for packaged water. Companies have positioned and advertised
packaged water as pure and healthy option; therefore, fueling market growth. In
addition, the launch of new products such as flavored water and functional
water has increased the urge of customers to prefer such drinks than carbonated
drinks. Flavored water and functional water contain certain amount of nutrients
that help people intake more fluids. Consumption of bottled water has increased
over the last decade as US sales of carbonated soft drinks, particularly colas,
have steadily declined. The decline is mainly driven by consumer concerns about
soda sugar content and increased awareness of obesity and diabetes rates, as
well as perceived health risks associated with some artificial sweeteners.
Presence of untapped opportunities in emerging
countries such as Brazil and Mexico are expected to propel the growth of
packaged water market during the forecast period. Rise in consumer awareness
and adoption of healthy practices in the region are key contributors to the
market growth in these regions.
Browse full research report on Packaged Water Market : www.grandviewresearch.com/industry-analysis/packaged-water-market
Further
Key Findings From the Study Suggest:
- Still water held the largest position with a share of about 60.0%
in 2016 and is anticipated to maintain its position over the forecast
period. Flavored water are expected to gain momentum over the forecast
period owing to the increasing health awareness and the need for healthy
diet intake.
- Asia Pacific dominated the global packaged water market in 2016.
Rise in consumer awareness and adoption of healthy practices in the region
are key contributors to the market growth in this regions.
- The major players of the market include, Nestle Waters, Coca-Cola
Company, PepsiCo Inc., Suntory Holdings, and Danone. Various strategies
are adopted by these players to maintain their market share.
Browse more reports of this category
by Grand View Research: www.grandviewresearch.com/industry/consumer-goods
Grand
View Research has segmented the global packaged water market on the basis of
product, and region:
Product
Outlook (Revenue, USD Billion, 2014 - 2025)
- Still
- Carbonated
- Flavored
- Functional
Regional
Outlook (Revenue, USD Billion, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia Pacific
- Japan
- China
- Latin America
- Brazil
- Mexico
- Middle East
and Africa (MEA)
- South Africa
- Saudi Arabia
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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