The global Bottled Water market gathered revenue around USD 217.66 Billion in 2020 and market is set to grow USD 501.80 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 10.9% during the prediction period 2021 to 2027.
Growth Factors:
The market Portability, easy usage and installation process, and minimal maintenance costs are the key factors to drive the market over the next few years. Furthermore, rising consumer consciousness towards the health benefits of consuming bottled water is projected to drive market growth over the forecast period. Inclination towards bottled water rather than ordinary water, particularly among younger consumers, drives product sales. Observing this trend, several restaurants are providing bottled water to meet consumer demand. Water seems to have hit a sweet spot with health-conscious buyers. The rapid expansion of restaurants in the U.S. is also foreseen to create a significant demand for bottled water in the upcoming years.
The growing awareness regarding the adverse health effects of consuming sugary drinks, such as weight gain, obesity, diabetes, and heart disease, is supporting the consumption of alternative beverages, such as still and sparkling water.
The growth of the market is primarily attributed to rising awareness regarding the importance of hydration. According to a study conducted by the International Bottled Water Association in 2020, it was revealed that 92% of American citizens want bottled water to be sold in most stores selling beverages. A substantial part of the population prefers to quench their thirst using bottled water over other beverages.
Increasing preference for nutrient-fortified water is trending owing to the rising importance of health and wellness among buyers. The water demand has been increasing among travelers, working professionals, and for use in households.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Bottled Water market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Bottled Water market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
Report Coverage
| Report Scope | Details |
| Market Size | USD 501.80 Billion by 2027 |
| Growth Rate | CAGR of 10.9% From 2021 to 2027 |
| Base Year | 2020 |
| Forecast Period | 2021 to 2027 |
| Historic Data | 2017 to 2020 |
| Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
| Segments Covered | Product and Region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | Nestlé SA; PepsiCo; Primo Water Corporation; The Coca-Cola Company; DANONE; VOSS WATER; FIJI Water Company LLC.; Gerolsteiner Brunnen GmbH & Co. KG; Nongfu Spring; Rhodius Mineralquellen Und Getranke GmbH & Co KG. |
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Bottled Water market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Market Segments analysis:
By Product
The purified water segment held the largest share of more than 35.2% in 2020. According to a United Nations study published in 2020, almost 16,000 desalination plants across 177 countries provide purified water. Increasing water needs due to population growth, increased per capita water consumption, urbanization, economic development, and falling water supplies due to climate change and contamination exacerbate water scarcity in most regions of the world. The demand for ultra-purified water derived from desalination technology is anticipated to grow during the forecast period to tackle these concerns.
The sparkling water segment is anticipated to be the fastest-growing segment with a CAGR of 11.2% from 2021 to 2027. Sparkling water is also marketed as sparkling drinking water or sparkling mineral water. Water that contains the same amount of carbon dioxide as its source post-treatment is defined as sparkling water. The segment demand is estimated to primarily stem from the developed markets of the U.S., France, Canada, Germany, and the U.K.
The Beverage Digest, a privately-owned publication in the U.S., states that sparkling water has become an everyday drink for most Americans. This can be attributed to the product’s health advantages, coupled with a growing shift in consumer preference toward healthy drinks. This trend is likely to be the key factor for segment growth.
Regional analysis:
Asia Pacific held the largest share of over 42.3% in 2020 and is expected to maintain its lead throughout the forecast period. The regional market is mainly driven by the growing preference for bottled water due to rising health issues caused by contaminated water consumption. Changing water consumption habits, growing organized retail sectors, and the introduction of innovative products, such as flavored water are further expected to support the regional market growth.
Asia Pacific is anticipated to be the fastest-growing regional market from 2021 to 2027. Many governments are looking at desalination as a possible solution to produce fresh water. For instance, in 2017, India and Israel signed a memorandum of understanding (MoU) to promote India's desalination technology. This government-led initiative to boost the technology to produce purified water is anticipated to positively impact the segment growth over the forecast period.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Bottled Water Market include: Nestlé SA; PepsiCo; Primo Water Corporation; The Coca-Cola Company; DANONE; VOSS WATER; FIJI Water Company LLC.; Gerolsteiner Brunnen GmbH & Co. KG; Nongfu Spring; Rhodius Mineralquellen Und Getranke GmbH & Co KG
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2027 and covers subsequent region in its scope:
Market Segments:
By Product
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Bottled Water market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Bottled Water market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Bottled Water markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Bottled Water Market Study:
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
(Upto 5 With No Cost)
Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers