San Francisco, 24 October 2018 , The
global bottled water market size is expected to reach USD 215.12 billion by
2025, according to a new report by Grand View Research, Inc. The market is
estimated to register a CAGR of 7.4% during the forecast period. It is
anticipated to witness a higher growth as compared to carbonated drinks on
account of better health benefits and added nutrients. Factors such as increase
in per capita spending and rapid urbanization are likely to fuel the demand for
bottled water over the forecast period.
However,
higher cost of bottled water may restrain the growth of the market. On the
other hand, growing awareness regarding benefits of bottled water coupled with
increasing preference for active lifestyle is expected to play a significant
role in driving the market. Companies such as PepsiCo Inc. launched premium
priced bottled water in order to strengthen consumer interest in healthier
beverages.
Some of the
key companies in the market are Mountain Valley Spring Water; Nestlé S.A.; Tata
Global Beverages; Danone Waters of America, Inc.; PepsiCo, Inc.; Gerolsteiner
Brunnen GmbH & Co. KG; RHODIUS Mineralquellen und Getränke GmbH & Co.
KG; Nongfu Spring; Bisleri International Pvt. Ltd.; and The Coca-Cola Company.
Further key findings from the study suggest:
·
The spring bottled water segment accounted
for revenue share of over 17.0% in 2016
·
Mineral bottled water accounted for the
largest market share in 2016 and is expected to witness a CAGR of 7.3% over the
forecast period. This is due to its added nutrients compared to spring water
and the fact that mineral water is less processed than sparkling water
·
Sparkling bottled water witnessed a share
of 8.0% in 2016 and is expected to witness a significant growth over the
forecast period owing to increasing demand for alternatives for carbonated
beverages
·
Asia Pacific is likely to be the dominant
regional market for bottled water over the forecast period. Rising population
coupled with rapid urbanization in countries such as India, China, Indonesia,
and Malaysia is likely to be the key driver for the market
·
Regional expansion and R&D are the key
strategies adopted by most of the key companies to strengthen their market
position
·
In November 2017, The Coca-Cola Company
launched its bottled water brand Kinley in Nepal in order to gain domestic
market share. In March 2017, Nestlé Waters collaborated with Danone and Origin
Materials to develop PET plastic bottles, which were made from 100% renewable
and sustainable resources.
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/consumer-goods
Grand View Research has segmented the
global bottled water market on the basis of product and region:
Bottled
Water Product Outlook (Revenue, USD Million, 2014 - 2025)
·
Spring Water
·
Purified Water
·
Mineral Water
·
Sparkling Water
·
Others
Bottled
Water Regional Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
·
Europe
o
Germany
o
France
·
Asia Pacific
o
China
·
Central & South America
·
Middle East & Africa
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-bottled-water-market
www.grandviewresearch.com/press-release/global-bottled-water-market
About Grand View
Research
Grand View Research, Inc.
is a U.S. based market research and consulting company, registered in the State
of California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com/
