Bottled Water Market By Product Type (Still Bottled Water, Carbonated Bottled Water, Flavored Bottled Water, Functional Bottled Water): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global bottled water market was valued at $301.7 billion in 2021, and is projected to reach $515.3 billion by 2031, growing at a CAGR of 5.5% from 2022 to 2031.
Bottled water is the packaged drinking water that fulfills the hydration needs of the body, which is purified and free from contamination. It is available in plastic and glass water bottles and considered the most convenient way, since it is easily available in nearby retail stores and supermarkets.
Factors such as rise in urban population, increase in disposable income, improvement in standard of living, and the emergence of eco-friendly materials for bottles are crucial factors responsible for the growth of the bottled water market. In addition to this, the major driving factors of the bottled water market include rise in healthcare awareness about the water borne diseases, such as malaria, typhoid, diarrhea, food poisoning, and other diseases. Moreover, bottled water is more portable and convenient to use as they are handy, which also supports the growth of this market.
However, stringent regulations for the approval of bottled water hinder the growth of the market. Moreover, the harmful effects of using plastic bottles due to the presence of chemicals, such as Bisphenol A (BPA) can cause neurological diseases and behavioral problems among children. In addition, tap water is available at a lower cost, which also acts as a hindrance to the growth of the bottled water market.
On the contrary, increase in demand for flavored bottled water owing to its fruit essence and artificial sweeteners contents surge the popularity of flavored bottled water among consumers. Moreover, they are also considered as a healthy alternative over normal sugary drinks. This is anticipated to increase the sales of flavored bottled water; thus creating remunerative opportunities for the market.
The bottled water market analysis is done on the basis of type and region. Depending on type, the market is divided into carbonated water, flavored water, still water, and functional water. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global bottled water market profiles leading players include, Danone, Hangzhou Wahaha Group Co, Ltd., Icelandic Glacial, Nestlé, Niagara Bottling, LLC., Nongfu Spring., Norland International, PepsiCo, The Coca-Cola Company, and VOSS of Norway AS. The global bottled water market report provides in-depth competitive analysis as well as profiles of these major players.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the bottled water market analysis from 2021 to 2031 to identify the prevailing bottled water market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the bottled water market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global bottled water market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By BY PRODUCT TYPE
Flavored Bottled Water
Still Bottled Water
Carbonated Bottled Water
Functional Bottled Water
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
PepsiCo Inc.
Nestle Waters
The Coca Cola Company
HANGZHOU WAHAHA GROUP CO., LTD.
Danone
Icelandic Glacial Inc.
Niagara Bottling, LLC
Nongfu Spring
Norland International
VOSS of Norway AS
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