Bottled Water Market Size By Product (Spring Water, Purified Water, Mineral Water, and Others), By Distribution Channel (Off-Trade and On-Trade), Regions, Segmentation, and forecast till 2030.
Pune India, Jan. 13, 2023 (GLOBE NEWSWIRE) -- The market has been studied for the below mentioned-segmentation and regional analysis for North America, Europe, Asia, South America, and the Middle East and Africa. These are the key regions where the bottled water market is operating and is predicted to expand soon. The manufacturers and suppliers involved in the bottled water market are present across various countries in the above-mentioned regions.
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The report provides a detailed understanding of the market segments which have been formed by combining different prospects such as the product, distribution channel, and region. Apart from this, the key driving factors, restraints, potential growth opportunities, and market challenges are also discussed in the below paragraphs.
The significant players operating in the global bottled water market are Nestlé, Keurig Dr Pepper Inc., VOSS WATER, PepsiCo, The Coca-Cola Company, Nongfu Spring, Primo Water Corporation, DANONE, Gerolsteiner Brunnen GmbH & Co. KG, FIJI Water Company LLC, National Beverage Corp., among other. To achieve a substantial market share in the worldwide bottled water market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations, and partnerships, joint ventures.
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Scope of Bottled Water Market Report
Market Share Unit
Product, Distribution Channel and Regions
North America, Europe, Asia-Pacific, South America, and Middle-East and Africa
Nestlé, Keurig Dr Pepper Inc., VOSS WATER, PepsiCo, The Coca-Cola Company, Nongfu Spring, Primo Water Corporation, DANONE, Gerolsteiner Brunnen GmbH & Co. KG, FIJI Water Company LLC, National Beverage Corp., among other
The purified water segment is expected to be the fastest-growing segment in 2022.
The product segment is spring water, purified water, mineral water, and others. The purified water segment will witness the highest growth rate during the forecast period. Customers are looking for water-saving strategies, and businesses are facing the same issues because impurities in running water are frequently the cause of diseases including dysentery, diarrhea, and typhoid. For instance, Aquafina offers purified, sodium-free drinking options that have been filtered. Dasani also offers mineral-infused, purified drinking solutions that are clean and safe.
The off-trade segment is expected to be the fastest-growing segment in 2022.
The distribution channel segment includes off-trade and on-trade. The off-trade segment is expected to witness the highest growth rate during the forecast period. This section covers all types of retail businesses, such as traditional shops, micro markets, convenience stores, supermarkets, and hypermarkets. Market growth will be fueled by how easy it is to select the required brand of bottled water with a certain mineral mix throughout the course of the forecast period. Various brands, including Aquafina, Dasani, Nestlé, and Danone, are sold in the following shops.
The regional analysis provides a detailed perception of the key regions and the countries. Some of the key countries analyzed for the bottled water include the US, Canada, Mexico, Germany, France, the U.K., Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa, and Saudi Arabia.
The Asia Pacific region witnessed a major share. The growing appreciation of the importance of health and wellness in countries like China, India, Malaysia, and Indonesia is one of the primary drivers driving the market's rise. This is due to a greater need for sanitary supplies. There are more chances for market expansion in the area as the demand for bottled options rises along with awareness of the benefits of hygienic beverage options.
Germany's bottled water market size was valued at USD 11.36 billion in 2022 and is expected to reach USD 17.04 billion by 2030, at a CAGR of 5.2% from 2023 to 2030. The local sector is expected to grow as a result of greater health consciousness among consumers and increased bottled beverage consumption. Commercial organisations like the European Federation of Bottled Water actively market the benefits of natural spring water, mineral water, and other bottled fluids (EFBW).
China's Bottled water market size was valued at USD 45.44 billion in 2022 and is expected to reach USD 75.76 billion by 2030, at a CAGR of 6.6% from 2023 to 2030. China has long battled a lack of easily accessible drinking water due to water contamination and a lack of freshwater resources. According to the Direct China Chamber of Commerce, only 6.5% of the world's renewable water resources, which support one-fifth of the population, are found in China. As a result, the government is actively pushing greater accessibility to safe drinking water.
India's Bottled water market size was valued at USD 22.72 billion in 2022 and is expected to reach USD 36.21 billion by 2030, at a CAGR of 6% from 2023 to 2030. Functional waters are very affordable compared to other RTD drinks, and various packaging choices, like containers and single-serve bottles, are growing in favour with consumers, which is boosting the growth of the bottled water industry in the area.Covid-19 ImpactCovid-19 had a major impact on almost all industries, such as electronics, semiconductors, manufacturing, automobile, etc. However, several companies operating in the technology sector have seen increased revenue due to significant changes in consumer preferences toward technological services. In addition, the pandemic has led to significant growth in technology across developing and developed countries.
Furthermore, The growth of the bottled water market is mainly driven by the increasing concerns regarding various health problems.
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