Spring Water Market By Packaging Type (Bottled, Canned), By Distribution Channel (Hypermarkets/Supermarkets, Specialty Stores, Online Retail): Global Opportunity Analysis and Industry Forecast, 2021-2031

Spring Water Market By Packaging Type (Bottled, Canned), By Distribution Channel (Hypermarkets/Supermarkets, Specialty Stores, Online Retail): Global Opportunity Analysis and Industry Forecast, 2021-2031

The global spring water market is envisioned to garner $465.2 billion by 2031, growing from $210.7 billion in 2021 at a CAGR of 8.7% from 2022 to 2031.

The rise in awareness about different health problems caused by polluted water, such as neurological disorders, gastrointestinal ailments, and reproductive issues, drives demand for clean and hygienic water. Water is protected against bacterial contamination if it is correctly packed, regardless of storage time. Consumers are shifting toward safe, healthful, and refreshing beverages that are low in calories, caffeine, and preservatives. Rise in cases of various health issues such as gastrointestinal diseases, neurological disorders, and reproductive problems caused by drinking contaminated water is expected to offer ample growth opportunities to spring water market during the forecast period.

Spring water is costlier than tap water, which limits its use among low-income individuals. This aspect is expected to stifle market expansion. It is not a cost-effective choice, as it sometimes has no discernible difference from tap water and may be of same or lower quality. These factors are expected to restrain market expansion during the forecast period.

Better technology and methods for lowering manufacturing time are likely to drive market expansion during the forecast period. For example, Clear Water Manufacturing, a bottled water manufacturing company based in North Carolina, introduced a machine in June 2018 that can filter, fill, and cap more than 300 bottles of water per one-hour cycle on-site at any location such as campuses, hotels, stadiums, or in retail spaces. As a result, technological improvement is likely to drive market expansion.

The COVID-19 pandemic brought several uncertainties leading to severe economic losses as various businesses across the world were on a standstill. There were import-export restrictions laid down on major Spring Water producing countries such as the U.S. and China, which imposed significant challenges on the market. Owing to the COVID-19 pandemic, several companies, especially the consumer products industry, experienced unprecedented challenges. The spring water market was harmed by a scarcity of raw materials & personnel, factory closures, and other operational challenges caused by COVID-19 safety measures. The lockdown had a significant influence on the supply and production of Spring Water, limiting the market's expansion. However, vaccination initiatives, on the other hand, increased commercial activity globally.

The key players profiled in this report include Orient Beverages Pvt. Ltd. (Bisleri International Pvt. Ltd.), CG Roxane, LLC, Nestle S.A., PepsiCo, Ten Spring  Water, Coca-Cola (Valpre), Danone (Evian), 3 Spring Water, Mountain Valley Spring Water (Primo Water Corp.), and Tata Consumer Products Limited (Himalayan).

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the spring water market analysis from 2021 to 2031 to identify the prevailing spring 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 spring 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 spring water market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Distribution Channel

Specialty Stores
Online Retail
Hypermarkets/Supermarkets

By Packaging Type

Bottled
Canned

By Region

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa,
Saudi Arabia
UAE
Rest of LAMEA

Key Market Players

Orient Beverages Pvt. Ltd.
Nestle S.A.
Pepsico, Inc.
Ten Spring Water
Danone
3 Spring Water
Mountain Valley Spring Water
Tata Consumer Products Limited
CG Roxane, LLC
Coca-Cola

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