The global packaged water market is anticipated to
reach USD 470.0 billion by 2025, according to a new report by Grand View
Research, Inc. increasing health awareness, and rising disposable income are
the key factors that are driving the market growth.
The
increasing health awareness is driving people to add nutrition in their diet.
Factors such as poor quality of tap water, risk of water borne diseases, and
ease of availability of packaged water has increased the demand for packaged
water. Companies have positioned and advertised packaged water as pure and
healthy option; therefore, fueling market growth. In addition, the launch of
new products such as flavored water and functional water has increased the urge
of customers to prefer such drinks than carbonated drinks. Flavored water and functional
water contain certain amount of nutrients that help people intake more fluids.
Consumption of bottled water has increased over the last decade as US sales of
carbonated soft drinks, particularly colas, have steadily declined. The decline
is mainly driven by consumer concerns about soda sugar content and increased
awareness of obesity and diabetes rates, as well as perceived health risks
associated with some artificial sweeteners.
Presence of
untapped opportunities in emerging countries such as Brazil and Mexico are
expected to propel the growth of packaged water market during the forecast
period. Rise in consumer awareness and adoption of healthy practices in the
region are key contributors to the market growth in these regions.
Access Full research
report on packaged water market analysis:
Further Key Findings From the Study Suggest:
·
Still water held the largest position with
a share of about 60.0% in 2016 and is anticipated to maintain its position over
the forecast period. Flavored water are expected to gain momentum over the
forecast period owing to the increasing health awareness and the need for
healthy diet intake.
·
Asia Pacific dominated the global packaged
water market in 2016. Rise in consumer awareness and adoption of healthy
practices in the region are key contributors to the market growth in this
regions.
·
The major players of the market include,
Nestle Waters, Coca-Cola Company, PepsiCo Inc., Suntory Holdings, and Danone.
Various strategies are adopted by these players to maintain their market share.
View more reports of this category by Grand
View Research at: https://www.grandviewresearch.com/industry/consumer-goods
Grand View Research has segmented the
global packaged water market on the basis of product, and region:
Product
Outlook (Revenue, USD Billion, 2014 - 2025)
·
Still
·
Carbonated
·
Flavored
·
Functional
Regional
Outlook (Revenue, USD Billion, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
Japan
o
China
·
Latin America
o
Brazil
o
Mexico
·
Middle East and Africa (MEA)
o
South Africa
o
Saudi Arabia
Access press release by Grand View
Research: https://www.grandviewresearch.com/press-release/gloabl-packaged-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.
