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2022

Bottled Water Market

Bottled Water Market By Product Type (Still Bottled Water, Carbonated Bottled Water, Flavored Bottled Water, Functional Bottled Water): Global Opportunity Analysis and Industry Forecast, 2022-2031

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Author's: Raushan Karn| Nikhil Mittal | Eswara Prasad
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The bottled water market was valued at $301.7 billion in 2021 and is estimated to reach $515.3 billion by 2031, exhibiting a CAGR of 5.5% from 2022 to 2031.

Report Key Highlighters:

  • The report provides competitive dynamics by evaluating business segments, product portfolios, target market revenue, geographical presence and key strategic developments by prominent manufacturers.
  • The study contains qualitative information such as the market dynamics (drivers, restraints, challenges, and opportunities), key regulation analysis, pricing analysis, and Porter’s Five Force Analysis across North America, Europe, Asia-Pacific, LAMEA regions. Moreover, the report covers sub-segments that is studied across all the regions.
  • Latest trends in global bottled water market such as undergoing R&D activities, regulatory guidelines, and government initiatives are analyzed across 16 countries in 4 different regions.
  • More than 3,500 bottled water-related product literatures, industry releases, annual reports, and other such documents of key industry participants along with authentic industry journals and government websites have been reviewed for generating high-value industry insights for global bottled water market.

Bottled Water Market

Bottled water is packaged drinking water that is purified and free from contamination. It is available in plastic and glass water bottles and is the most convenient way for the body to fulfill its hydration needs, being easily available in nearby retail stores and supermarkets.

Increase in awareness about waterborne diseases, such as malaria, typhoid, diarrhea, food poisoning, and others have surge the demand for bottled water. Furthermore, increase in concern regarding various health-related issues, such as gastrointestinal diseases, neurological disorders, and reproductive problems surge the need for clean and hygienic bottled water. This may propel the growth of the bottled water market during the forecast period. Moreover, factors such as rise in urban population, increase in disposable income, improvement in standard of living, and emergence of eco-friendly materials for bottles are crucial factors responsible for the growth of the bottled water market.

However, increase in attempts to reduce the environmental pollution caused by the improper disposal of plastic water bottles is expected to hinder the market growth. On the contrary, increase in demand for flavored bottled water owing to its fruit essence and artificial sweeteners contents surge the popularity of flavored bottled water among consumers. Moreover, they are also considered as a healthy alternative to normal sugary drinks. This is anticipated to increase the sales of flavored bottled water; thus, creating remunerative opportunities for the market.

The bottled water market analysis is done on the basis of type and region. On the basis of type, the market is divided into carbonated water, flavored water, still water, and functional water. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Bottled Water Market by Product Type

In 2021, the still water segment accounted for the largest revenue share of 64.3% in 2021 and is projected to grow at a CAGR of 5.4% during the forecast period. This is attributed to the rapid shift toward healthy drinking practices where still water type bottled water is mostly preferred by consumers owing to its cheap rates. This factor is escalating the growth of this segment in the global market.

Bottled Water Market by Region

The Asia-Pacific bottled water market size is projected to grow at the highest CAGR of 7.0% during the forecast period and account for 27.0% of the bottled water market share in 2021. This is attributed to increase in demand for bottled water in countries, such as China, India, Japan, Australia, and others. China is the largest consumer of bottled water followed by countries, such as India and Japan. Furthermore, manufacturers across the globe find Asia-Pacific as an attractive market, owing to cheap labor cost, low cost of setting up manufacturing units, and low cost of bottled water. These factors drive the bottled water market in this region.

The major companies profiled in this report include, Danone, Hangzhou Wahaha Group CO, Ltd., Icelandic Glacial, Nestlé, Niagara Bottling, LLC., Nongfu Spring., Norland International, PepsiCo, The Coca-Cola Company, and VOSS of Norway AS.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the bottled water market analysis from 2021 to 2031 to identify the prevailing bottled water market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the bottled water market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global bottled water market trends, key players, market segments, application areas, and market growth strategies.

Bottled Water Market Report Highlights

Aspects Details
Market Size By 2031
Market Size By 2031

USD 515.3 billion

Growth Rate
Growth Rate

CAGR of 5.5%

Forecast period
Forecast period

2021 - 2031

Report Pages
Report Pages

216

Bottled Water Market By Product Type
By Product Type
  • Still Bottled Water
  • Carbonated Bottled Water
  • Flavored Bottled Water
  • Functional Bottled Water
Bottled Water Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, United Kingdom, France, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players
Key Market Players

Niagara Bottling, LLC, BlueTriton Brands, Inc., HANGZHOU WAHAHA GROUP CO., LTD., VOSS of Norway AS, PepsiCo Inc., Danone, Icelandic Glacial Inc., Nongfu Spring, Nestle Waters, The Coca Cola Company

Analyst Review

The global bottled water market is expected to exhibit high growth potential during the forecast period. Rise in demand from end users, such as food outlets, restaurants, hospitals, and others, especially from developing countries, and spurring rise in health-conscious buyers are the key driving factors for the global bottled water market. Moreover, stringent regulations for the approval of bottled water and availability of tap water at a lower cost are some of the major hindrances observed for the growth of the bottled water market. Asia-Pacific is projected to register significant growth compared to the markets of North America and Europe during the forecast period.

In addition, there is an emerging megatrend for consuming flavored bottled water over normal sugary water owing to the rise in awareness for health benefits associated with the use of flavored bottled water. This has made customers more linear toward purchasing flavored bottled water. Sustained economic growth and development of the beverage sector have increased the popularity of bottled water

Author Name(s) : Raushan Karn| Nikhil Mittal | Eswara Prasad
Frequently Asked Questions?

Rising demand for flavored bottled water owing to its fruit essence and artificial sweeteners contents surge the popularity of flavored bottled water among consumers.

Asia-Pacific is the largest regional market for bottled water market.

The global bottled water market was valued at $301.7 billion in 2021.

The major companies profiled in this report include, Danone, Hangzhou Wahaha Group CO, Ltd., Icelandic Glacial, Nestlé, Niagara Bottling, LLC., Nongfu Spring., Norland International, PepsiCo, The Coca-Cola Company, and VOSS of Norway AS.

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Bottled Water Market

Global Opportunity Analysis and Industry Forecast, 2022-2031