The global packagedwater 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.
Full Research Report On Packaged Water Market Analysis:
www.grandviewresearch.com/industry-analysis/packaged-water-market
www.grandviewresearch.com/industry-analysis/packaged-water-market
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.
Browse More Reports Of This Category By
Grand View Research At: 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
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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/
