IMARC Group's report titled "Bottled Water Market Report by Product Type (Still, Carbonated, Flavored, Mineral), Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Direct Sales, On-Trade, and Others), Packaging Type (PET Bottles, Metal Cans, and Others), and Region 2024-2032". The global bottled water market size reached US$ 255.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 455.5 Billion by 2032, exhibiting a growth rate (CAGR) of 6.5% during 2024-2032.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/bottled-water-market/requestsample
Factors Affecting the Growth of the Bottled Water Industry:
People are opting for healthier beverage choices due to heightened awareness about the negative health impacts of sugary drinks and artificial additives. Bottled water is perceived as a natural, calorie-free, and sugar-free option, aligning well with health-conscious lifestyles. Moreover, there is a growing understanding about the importance of staying hydrated for overall health and well-being. Bottled water, with its convenient packaging and availability, encourages people to consume more water throughout the day, thus promoting hydration. Besides this, bottled water is often marketed as a natural and pure beverage choice, appealing to people who prefer products without artificial ingredients.
Bottled water brands continuously innovate by offering a variety of flavor options, such as citrus, berry, tropical fruit, cucumber, mint, and herbal infusions. These flavored waters appeal to people seeking a more enjoyable and refreshing drinking experience compared to plain water. Additionally, flavored waters can serve as healthier alternatives to sugary beverages, attracting people looking to reduce their sugar intake. Furthermore, many bottled water brands introduce functional and enhanced water products that offer additional health benefits beyond basic hydration. They are infused with vitamins, electrolytes, minerals, antioxidants, or other additives targeted at specific individual needs, such as immune support, energy boost, hydration for athletes, or stress relief.
The expansion of distribution channels allows bottled water brands to penetrate various retail outlets, including supermarkets, convenience stores, specialty grocery stores, and online platforms. This increased presence on store shelves enhances brand visibility and availability, making it easier for people to purchase bottled water during their shopping trips. In addition, bottled water is available in on-premise channels, such as restaurants, hotels, cafes, and fitness centers. As individuals are prioritizing health and wellness even when dining out or traveling, the availability of bottled water in these establishments provides an additional revenue stream for brands and enhances the overall dining or hospitality experience for people.
Leading Companies Operating in the Global Bottled Water Industry:
