Unveiling the Rapid Growth and Future Prospects of the Global Bottled Water Market

Global bottled water market surges with 73% growth in a decade, driven by health awareness and demand for clean water. Future growth at 7% CAGR projected.
By: Makreo Research and Consulting
 
CALIFORNIA, Calif. - July 5, 2023 - PRLog -- Global Bottled Water Market Overview
The bottled water industry has seen a 73% growth over the past decade, over with million bottles sold every minute worldwide. This growth is largely due to increased awareness of waterborne diseases and the demand for clean, potable water. Despite a slight disruption in 2020 due to supply chain issues, the market rebounded quickly.

Regional Demand and Consumption
Asia Pacific, particularly China, and India, leads the global bottled water market due to heightened health consciousness and the need for convenient hydration. In the US, bottled water consumption rose by 4.7% in 2021, with each American consuming 47 gallons annually. Singapore and Australia have the highest per capita consumption, with Singaporeans spending the most on bottled water globally.

Fastest Growing Markets and Major Players
The Asia Pacific region, especially India and China, is witnessing rapid growth due to rising living standards, polluted water issues, and inadequate clean water supply. The market is dominated by major players like Danone, Coca-Cola, Nestle, Pepsi andCo, who are continuously innovating and launching new products to capture market share.

Innovative Product Launches
Companies are focusing on sustainability and health benefits in their new product launches. For instance, Danone-AQUA launched AQUA LIFE, a product in 100% recycled PET bottles, while Evian introduced Evian+, a mineral-enhanced sparkling beverage. Otsuka Pharmaceutical also launched label-free PET bottle versions of their products.

Future Prospects and Market Analysis
The bottled water market is projected to grow at a 7% CAGR in the future, with volume growth in line with population growth. The report by Makreo Research provides a comprehensive analysis of the bottled water market, examining demand, production data, industry trends, and significant market transactions. The study also includes a detailed regional analysis, covering North America, Europe, Asia-Pacific, and the Middle East.

To Know More:-
Bottled Water Market Analysis, Size, Share and Forecast (2018-2028) (https://www.makreo.com/report/bottled-water-market-analys...)

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