Spring Water Market Forecasts to 2028 – Global Analysis By Container Type (Canned, Bottled and Other Container Types), Distribution Channel (Business to Consumer and Business to Business) and By Geography

Spring Water Market Forecasts to 2028 – Global Analysis By Container Type (Canned, Bottled and Other Container Types), Distribution Channel (Business to Consumer and Business to Business) and By Geography

According to Stratistics MRC, the Global Spring Water Market is accounted for $22.96 billion in 2022 and is expected to reach $405.09 billion by 2028 growing at a CAGR of 10.3% during the forecast period. One popular method of bottled water is spring water. It is derived from groundwater, which is water that is present beneath the surface of the earth in an aquifer that is at or below the natural water table. Water is gathered at the spring's entrance as it naturally rises to the surface of the ground. Additionally, it can be extracted directly from a borehole beneath.

According to the United Nations, there are around 16,000 desalination facilities in across 177 nations of the world that provides purified water. According to the Bottled Water Associated, in 2012 the overall consumption of bottled water increased 6.2% with sales up 6.7%.

Market Dynamics:

Driver:

Growth in Health Concerns

Concerns about a variety of health problems forced on by contaminated water, including neurological abnormalities, reproductive problems, and gastrointestinal diseases, have increased demand for hygienic, pure spring water worldwide. Manufacturers of spring water assert that regardless of how long the water is stored, the bottle's seals guard against bacterial contamination. Around the world, people are getting more interested in healthy mineral water. As a result, bottled water producers are placing more and more emphasis on creating new and improved water products while making sure to maintain the important qualities of naturalness and hydration of conventional plain water. This led to several product releases and innovations in the bottled water industry, many of which are centred on different health advantages.

Restraint:

High cost

The water, plastic water bottles, and labour must all be purchased by spring water producers in order to put the water in the bottles. When those bulky plastic water bottles are transported to a store near you, businesses pay even more expenses. Then, retailers include a mark-up.

Opportunity:

Rise in Awareness about Health

A movement in consumer preference for healthier, more convenient, hydrating beverages that don't contain calories, caffeine, or other artificial additives has been brought on by a rise in health consciousness. The market for spring water worldwide is being driven by this. The food and beverage business is being driven by ongoing urbanisation, rising disposable income, and growing consumer preference for healthier water products. The demand for spring water is increasing as a result. Because spring water originates from a pristine underground water source, it is free of common contaminants in drinking water. Pure spring water is also rich in minerals, which are excellent for the health. Because spring water has a neutral or slightly alkaline pH, it helps to balance the body's acidity and prevents free radical damage.

Threat:

Lack of availability

Bottled water sales have decreased by as much as 25% for some merchants due to a lack of supply. The dilemma of supply and demand is the cause of what appears to be a shortage in spring water brands. The current worldwide Covid-19 outbreak has raised demand for spring water, which is a need.

Covid-19 Impact

Even during the COVID-19 pandemic, producers have taken a number of steps to assist market expansion. It is anticipated that the COVID-19 epidemic will reduce global water sector investment. Due to the expense of an interruption, operational reliability has also become more crucial.

The bottled segment is expected to be the largest during the forecast period

The bottled segment is estimated to have a lucrative growth, due to the rising demand. It is now offered in almost all retail stores. Innovation in the portability of bottled water packaging is another factor driving the demand for bottled water. Consumers are willing to spend more for a product that satisfies their drinking needs, driven by increasingly hectic lifestyles. The working population is expected to buy more bottled water, which will fuel the demand for spring water.

The hypermarkets/supermarkets segment is expected to have the highest CAGR during the forecast period

The hypermarkets/supermarkets segment is anticipated to witness the fastest CAGR growth during the forecast period. A substantial customer base and extensive grocery store networks are owned by Supermarket and Hypermarket Company. In the upcoming years, it is anticipated that this would increase spring water sales in supermarkets and hypermarkets. The global market for the e-commerce platform now offers new potential due to the rise in smartphone adoption. Spring water sales through the internet retail sales channel are also being boosted by doorstep delivery, discounts, ease of access, and quality assurance by businesses.

Region with highest share:

North America is projected to hold the largest market share during the forecast period. It has become yet another valuable region in the worldwide spring water market. The expansion of revenue has been driven by the proliferation of product sales through convenience stores and online retail.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to the significant demand for natural spring water in Europe, the region's high market share can be primarily attributed to that desire. The abundance of product demand is primarily responsible for the predominance. Growing consumer knowledge of spring water's advantages has opened up profitable opportunities for local producers and merchants.

Key players in the market

Some of the key players profiled in the Spring Water Market include Nestle S.A., Danone, TEN Alkaline Spring Water, Coca-Cola, PepsiCo, 3 Spring Water, Bisleri International Pvt. Ltd., Himalayas ONTOP, Magnetic Spring, Premium Waters, Inc. and Tata Consumer Products Limited.

Key Developments:

In November 2021, TEN Alkaline Spring Water increased its distribution in the Northeast of the U.S. The company has successfully collaborated with KEHE Group and United Natural Foods (UNFI) for expanded distribution opportunities.

In September 2020, DANONE’s brand, Evian, launched its new recycled bottles that are made from 100% recycled plastics. These innovative bottles are available in Germany, the U.K., Switzerland, and Belgium.

Container Types Covered:
• Canned
• Bottled
• Other Container Types

Types Covered:
• Still
• Sparkling
• Other Types

Flavors Covered:
• Business Lemon
• Cherry
• Lime
• Orange
• Peach
• Pomegranate
• Raspberry
• White Grape
• Other Flavours

Distribution Channels Covered:
• Business to Consumer
• Business to Business
• Other Distribution Channels

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements