Bottled Water Market Industry Would Grow at a CAGR Over 6% by 2022, Globally, Says Market Research Future
May 8, 2019
Bottled Water Market Information, Size, Share, Segmentation and Type (spring water, purified water, mineral water, well water), by packaging (glass bottles), by process type (distilled water, sterile water, RO water), by application (flavored water, tonic water, fruit infused water, fortified water) Region Forecast to 2022
May 8, 2019 /MarketersMedia/ —
Market Forecast
Globally the Bottled Water Market is mainly driven by increasing health awareness & consumer’s interest in wellness, increasing incidence of diseases such as diabetes and obesity leading consumers to look for alternatives to carbonated soft drinks, and growing tourism industry with increasing number of tourists ensured the growth of bottle water market.
The process of desalination of ocean/sea water in bottled water market involves removal of salt from water has proven to be a boon in the regions where fresh water is enough or unavailable for consumption hence key players are expanding their processing units in such regions to gain huge consumer base worldwide. Increasing demand of processed, purified and packaged water is supporting the market growth and industrial players are focusing on new product development with innovations and in terms of flavor technology and improvement in functional attributes of bottled water.
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These factors will play a key role in the growth of Bottled Water Market at the CAGR of 6% during 2016-2022.
Competitive Analysis:
The Major Key Players in Bottled Water Market are
Nestle Waters (France)
Groupe Danone (France)
PepsiCo Inc (U.S.)
The Coca Cola Company (U.S.)
Mountain Valley Spring Company, LLC. (U.S.)
Suntori Beverage & Food Ltd (Japan)
Grupo Vichy Catalan (Spain)
Global bottled water market is highly concentrated in North American and European region whereas Asia-Pacific region is projected to grow at the highest CAGR in next 5 years owing to huge demand of high-quality bottled water. Bottled water manufacturers are focusing on expanding their product line by providing large variety of flavors and other innovative products.
Regional Analysis
The Global Bottled Water Market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Among these APAC regions has the major market share. Bottled water is largely consumed in countries like India and China. China, U.S., Belgium and Germany are the major importers of bottled water in the world. Emerging markets like India and China have been considered as potential markets for bottled water due to growing demand for bottled water.
Downstream Analysis:
The various flavored bottled water is in demand from the fast food joints, as demand for other sugary and carbonated beverages has decreased across the world. Rising popularity of fortified bottled water and increasing purchasing power of consumer due to rising disposable income in developing countries like India and China is fueling the growth of bottled water market.
Availability of different types of fruit infused bottled water, as it becomes low calorie consumers following healthy diet routine prefer fruit infused water is one of the factors driving more sales of bottled water in the world. Bottled water is also used in production of high-quality animal feed which contains more nutritional value. Key manufacturers of bottled water are doing R&D activities to recycle uses PET and glass bottles waste, to become eco-friendly.
Segmentation:
The Global Bottled Water Market is segmented based on by Type, Packaging, Process Type, Application and Region.
Based on Type Bottled Water Market is segmented into purified water, spring water, sparkling water, mineral water and well water.
Based on Process Type Market is Segmented into sterile water, distilled water, RO water and desalination.
Based on Application Bottled Water Market is Segmented into tonic water, fruit infused water, fortified water and flavored water.
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact Info:
Name: abhishek Sawant
Organization: Market Research Future
Address: Office No. 524/528, Amanora Chambers, Magarpatta Road, Hadapsar, Pune - 411028, Maharashtra, India
Phone: +16468459312
Website: https://www.marketresearchfuture.com/reports/bottled-water-market-2252
Source: MarketersMedia
Release ID: 510334
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