Bottled Water: Worldwide Market Analysis & Outlook 2018-2023 – CAGR to Grow at 8.5%

Market Dynamics

The bottled water industry is driven by the health concerns regarding drinking water. Changing lifestyles, preference for vitamin and minerals rich drinking water, and ease of handling and portability of bottled water are some of the factors driving the market. Bottled water manufacturers are introducing new products with health benefits and new flavors. It is resulting in several product launches in the bottled water market. The new products are offering functional benefits, convenience and better taste which are preferred by consumers.

The growth of PET bottles sector globally has also helped in the widespread supply of bottled water, through wide network organized markets as well as several grocery and club stores. These factors are expected to boost the growth of the bottled water market in the near future.

Market Segmentation

The bottled water market can be segmented by types, flavor, distribution channel, and packaging. Still water is the largest sub-segment of bottled water, accounting for more than 65% of the demand, followed by carbonated water. Product innovation in terms of flavor and packaging has triggered the flavored water demand. The segment of still bottled water has dominance in terms of both revenue and volume in the global market. The segment is expected to account for a share of 78% of overall market revenue by 2022. The flavored water segment is expected to witness rapid growth during the forecast period.

Regional Analysis

Asia-Pacific is the largest market in terms of revenue and total consumption, accounting for 33% market share. It is also the fastest growing market for bottled water, covering more than one-thirds of the market demand, supported by the large population, high demand, untapped market and demography, and rapid urbanization. As a result, there is business expansion by almost all the big players in the market. Led by China and India, Asia-Pacific is expected to register the highest CAGR during the forecast period.

Europe is the second largest market, with 28% market share. Other regions like North America, South America, and Africa have a significant share of the bottled water market. North America is a saturated market with steady demand and the highest per capita bottled water consumption currently. U.S. bottled water market has hit an historic high point in 2015, when volume exceeded 11.7 billion gallons.

The above content is extracted from the Internet（DUBLIN, Aug. 20, 2018 /PRNewswire/）, it can be seen that bottled water/juice/beverages has considerable prospect, customers who want to make money please contact us for more information by email info@szsdwater.com.