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.
For Full Research Report On Packaged Water Market Visit Here:
https://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.
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https://www.grandviewresearch.com/industry-analysis/packaged-water-market/request/rs1
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 info visit @ https://www.grandviewresearch.com
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