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| Global Bottled Water Market Size |
Bottled water is packed drinking water available in plastic or glass bottles
for consumption. Bottled water products have numerous health benefits such as
low calorie content, no added sugars, and natural mineral composition. The
rising consumer health awareness has accelerated the demand for bottled water
worldwide.
The global
bottled water Market is estimated to be valued at US$ 370.81 Mn in 2024 and is expected to exhibit a CAGR of 5.7% over the forecast period
2024 to 2031, as highlighted in a new report published by Coherent Market
Insights.
Market key trends:
The rising consumer health consciousness regarding the impacts of high sugar
and calorie consumption has accelerated the demand for bottled water globally.
With rising lifestyle diseases such as obesity and diabetes, consumers are
shifting towards low calorie beverages including bottled water. Additionally,
increasing concerns about water pollution and absence of safe drinking water in
various parts of the world has further boosted the sales of bottled water. In
order to capitalize on this trend, bottled water producers are offering various
healthy beverages including flavored and carbonated bottled water products with
low sugar content to expand their consumer base.
Segment Analysis
The global bottled water market is divided into still water, sparkling water,
and functional water segments based on product. Within these segments, still
water dominates accounting for over 75% of the market share. Still water is
preferred by health-conscious consumers as it provides hydration without adding
calories or sugars.
Key Takeaways
Global
Bottled Water Market Size is expected to witness high growth over the
forecast period of 2024 to 2031. The global bottled water Market is estimated
to be valued at US$ 370.81 Mn in
2024 and is expected to exhibit a CAGR
of 5.7% over the forecast period 2024 to 2031.
Regional
analysis shows that Asia Pacific currently dominates the market with over 35%
share due to changing lifestyles and growing health awareness in developing
economies like India and China. North America follows with close to 30% share
driven by increasing consumption of bottled water over carbonated drinks.
Key players operating in the bottled water market are 3M, Armolan, Avery
Dennison Corporation, Eastman Chemical Company, HYOSUNG CHEMICAL, Johnson
Laminating and Coating, Inc., LINTEC Corporation, Nexfil Co., LTD., Rayno
Window Film, Saint-Gobain Performance Plastics, and Toray Industries, Inc.
Major players are focussing on capacity expansion and new product launches to
strengthen their presence across regions. The market is also witnessing entry
of local and private label players offering bottled water at competitive
prices.
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