Carbonated Bottled Water Market By Product Type (Flavored, Unflavored) , By Packaging (Bottles, Cans, Others) By Distribution Channel (Supermarkets/hypermarkets, Convenience stores, Online retailers, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033
The carbonated bottled water market was valued at $29.7 billion in 2023, and is projected to reach $72.8 billion by 2033, growing at a CAGR of 9.5% from 2024 to 2033.
Carbonated bottled water, also known as sparkling water, is water that has been infused with carbon dioxide gas under pressure. This process creates bubbles, giving the water its characteristic effervescence. Carbonated water can be naturally sourced from mineral springs where the water absorbs carbon dioxide naturally or it can be artificially carbonated. It is available in various flavors, from plain sparkling water to those with added minerals or flavorings. The product has gained popularity as a healthier alternative to sugary sodas, appealing to consumers seeking a refreshing, calorie-free beverage option.
The growth of the global carbonated bottled water market is majorly driven by rise in health consciousness, increase in awareness about the negative effects of sugary beverages, and surge in demand for healthier, zero-calorie alternatives. A study by the Centers for Disease Control and Prevention in 2021 reported that 63% of U.S. adults actively avoid sugary drinks due to health concerns like obesity and diabetes. This trend has contributed to a rise in the consumption of zero-calorie alternatives such as carbonated water. Moreover, shift in preferences toward beverages with lower sugar content, combined with the desire for flavorful yet refreshing drinks, has driven the popularity of flavored carbonated water. Furthermore, exponential increase in urban population and rise in disposable incomes, particularly in emerging markets, have led to greater consumption of convenience beverages, including carbonated water. A report from the United Nations in 2021 estimated that by 2050, nearly 68% of the global population would live in urban areas, significantly increasing the demand for ready-to-drink, convenience beverages like carbonated bottled water. In addition, widespread availability of carbonated bottled water in supermarkets, convenience stores, and online platforms acts as the key force augmenting the market growth. However, the use of single-use plastic bottles is a significant issue, with growing concerns over pollution and environmental sustainability, which hampers the market growth. In addition, high cost of premium carbonated bottled water such as mineral-infused or naturally sourced variants can limit its accessibility, thereby restraining the market growth. On the contrary, constant introducing of new flavors, packaging formats, and eco-friendly packaging solutions to attract environmentally conscious consumers, which is expected to offer lucrative opportunities for the market growth during the forecast period.
The global carbonated bottled water market is segmented into product type, packaging, distribution channel, and region. On the basis of product type, the market is categorized into flavored and unflavored. Depending on packaging, it is divided into bottles, cans, and others. By distribution channel, it is classified into supermarkets/hypermarkets, convenience stores, online retailers, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key FindingsOn the basis of product type, the flavored segment is expected to experience the highest growth by 2033.
By packaging, the plastic segment is anticipated to dominate the carbonated bottled water market from 2024 to 2033.Depending on distribution channel, the supermarkets/hypermarkets segment is likely to exhibit the highest growth during the forecast period.
Region wise, North America is projected to emerge as the most lucrative market for carbonated bottled water in the coming years.
Competition AnalysisCompetitive analysis and profiles of the major players in the global carbonated bottled water market include Nestlé Waters, PepsiCo, The Coca-Cola Company, Danone S.A., Keurig Dr Pepper Inc, LaCroix Beverages, Sanpellegrino S.p.A, Gerolsteiner Brunnen GmbH & Co., Gerolsteiner Brunnen GmbH & CO. KG, VOSS of Norway ASA, and Perrier. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to sustain the intense competition and gain a strong foothold in the global market.
Key Market SegmentsBy Product TypeFlavored
Unflavored
By PackagingBottles
Cans
Others
By Distribution ChannelSupermarkets/hypermarkets
Convenience stores
Online retailers
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Thailand
Malaysia
Indonesia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
UAE
Argentina
Rest of LAMEA
Key Market PlayersNestlé Waters
PepsiCo
The Coca-Cola Company
Danone S.A.
Keurig Dr Pepper Inc
LaCroix Beverages
Sanpellegrino S.p.A
Gerolsteiner Brunnen GmbH & Co.
gerolsteiner brunnen gmbh & co. kg
VOSS of Norway ASA
Perrier