Global Bottled Water Market Size To Grow At 6.2% CAGR From 2023 to 2030

Global Bottled Water Market Analysis (2023 - 2030)

As per our research report, the global Bottled Water Market size is estimated to be growing at a CAGR of 6.2% from 2023 to 2030. 

The Bottled Water market has been hit severely because of the pandemic. The global pandemic resulted in the downfall of several industries across the board. The virus that was responsible for spreading the pandemic appeared to be of an extremely contagious nature. Therefore to prevent its spread, governments instituted lockdowns across countries, domestic as well as international. Because of this, all markets suffered through supply chain issues. The raw materials required for manufacturing were not being supplied or obtained, or in some cases even made. Due to this, the bottled water market was also affected. It was an essential item for several countries which ensured that the market didn’t face the worst of the challenges, but it was hit temporarily. Post-pandemic, it has been observed to regain its footing and flourish as before.

Water that has been in the open and exposed to the environment is at risk of developing several microbes and other organisms which contaminate the water. Regular exposure to impure air, various microorganisms, dirty land, and more make the water unfit for drinking. Bottled water ensures the quality of water is preserved and it is clean and drinkable. Impure water causes gastrointestinal problems like dysentery, food poisoning, and more. Several recent respiratory, reproductive, and neurological diseases and infections have been attributed to drinking unfiltered water. Bottled water on the other hand ensures that the risk of these diseases is almost null and preserves people’s health and wellness. Various companies add extra enzymes, minerals, and beneficial elements to it, to make it even healthier. Electrolyte-rich bottled waters and bottles with alkaline pH have been extremely popular. These factors have aided in the growth of the bottled water market.

Underprivileged countries weren’t able to access good quality water very easily or at an affordable rate. But several institutions across the world have made it their mission to provide all communities with clean, drinking water. In other parts of the world, bottled water can be found in abundance at several different sources and through various distribution channels. Even in the remotest parts of developed countries, it’s not difficult to find bottled water. This abundance in availability has aided in the growth of the market.

The majority of the water bottles available are made from some form of plastic or polymer and materials like PET. This makes it easy for them to be portable and be carried from one place to another. But these materials are not environmentally friendly. They do not biodegrade and are very difficult to recycle in masses. Therefore the pollution caused by the inappropriate disposal of bottles is restraining the growth of the market.

KEY MARKET INSIGHTS:

• Based on the product, the purified water segment holds the largest market share at almost 50%. This can be attributed to the need for processed, clean water amongst people of all communities to prevent various diseases and infections. The sparkling water segment is estimated to show the fastest growth during the forecast period of 2023-2030. A leading cause is people willing to switch from carbonated sugary soft drinks to a healthier alternative that may provide a similar feel.
• Based on the distribution channel, the off-trade segment held the largest market share amounting to over 80% of the total market value. In this, the supermarkets and hypermarkets observed the largest share because of the choices, and discounts they provide on their products. Online retail stores are anticipated to grow at the fastest rate during the forecast period. The on-trade segment is also expected to grow at a fast rate owing to the increase in leisure establishments and the availability of bottled water there.
• Based on the region, Asia-Pacific dominated the market and is also estimated to grow with the fastest CAGR. The absence of clean public drinking water and the rising awareness about contamination from impure water is the main reasons for the growth of the Asia-Pacific market. North America is the second-largest market share holder for the bottled water market. The increasing trend of outdoor and sports activities and increasing demand for enriched water are the leading causes for the same. 
• Companies playing a leading role in the global Bottled Water market profiled in this report are Topo Chico, Fiji Water Company, Danone, VOSS Water, Agua Mineral, Gerolsteiner Mineral, Mountain Valley, and LaCroix Sparkling.

MARKET SEGMENTATION:

By Product: 

• Spring Water
• Purified Water
• Mineral Water
• Sparkling Water
• Others

 By Distribution Channel: 

• On-trade
• Off-trade
  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Home and Office Delivery
  • Online Retail Stores
  • Other Off-trade Channels

By Region: 

• North America 
• Europe 
• Asia-Pacific 
• Rest of the World

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