The global bottled water market size is expected to reach USD
215.12 billion by 2025, according to a new report by Grand View Research, Inc.
The market is estimated to register a CAGR of 7.4% during the forecast period.
It is anticipated to witness a higher growth as compared to carbonated drinks
on account of better health benefits and added nutrients. Factors such as
increase in per capita spending and rapid urbanization are likely to fuel the
demand for bottled water over the forecast period.
However, higher cost of bottled water may
restrain the growth of the market. On the other hand, growing awareness
regarding benefits of bottled water coupled with increasing preference for
active lifestyle is expected to play a significant role in driving the market.
Companies such as PepsiCo Inc. launched premium priced bottled water in order
to strengthen consumer interest in healthier beverages.
Some of the key companies in the market are
Mountain Valley Spring Water; Nestlé S.A.; Tata Global Beverages; Danone Waters
of America, Inc.; PepsiCo, Inc.; Gerolsteiner Brunnen GmbH & Co. KG;
RHODIUS Mineralquellen und Getränke GmbH & Co. KG; Nongfu Spring; Bisleri
International Pvt. Ltd.; and The Coca-Cola Company.
For full research report on Bottled
Water Market visit here:
https://www.grandviewresearch.com/industry-analysis/bottled-water-market
Further key
findings from the study suggest:
- The spring bottled water segment accounted for
revenue share of over 17.0% in 2016
- Mineral bottled water accounted for the
largest market share in 2016 and is expected to witness a CAGR of 7.3%
over the forecast period. This is due to its added nutrients compared to
spring water and the fact that mineral water is less processed than
sparkling water
- Sparkling bottled water witnessed a share of
8.0% in 2016 and is expected to witness a significant growth over the
forecast period owing to increasing demand for alternatives for carbonated
beverages
- Asia Pacific is likely to be the dominant
regional market for bottled water over the forecast period. Rising
population coupled with rapid urbanization in countries such as India,
China, Indonesia, and Malaysia is likely to be the key driver for the
market
- Regional expansion and R&D are the key
strategies adopted by most of the key companies to strengthen their market
position
- In November 2017, The Coca-Cola Company
launched its bottled water brand Kinley in Nepal in order to gain domestic
market share. In March 2017, Nestlé Waters collaborated with Danone and
Origin Materials to develop PET plastic bottles, which were made from 100%
renewable and sustainable resources.
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/bottled-water-market/request/rs1
Grand
View Research has segmented the global bottled water market on the basis of
product and region:
Bottled Water
Product Outlook (Revenue, USD Million, 2014 - 2025)
- Spring Water
- Purified Water
- Mineral Water
- Sparkling Water
- Others
Bottled Water
Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Europe
- Germany
- France
- Asia Pacific
- China
- Central & South
America
- Middle East &
Africa
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.
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