Global Bottled Water Market to be Driven by Launch of New Products and Innovative Packaging
A new market research report, titled “Bottled Water Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020,” has recently been published by Transparency Market Research. The report offers a detailed analysis of the global bottled water market, emphasizing on the product segmentation, growth drivers, barriers, vendor analysis, and major geographical segments.
According to the research study, in 2013, the global bottled water market stood at US$157.27 bn and is predicted to reach a valuation of US$279.65 bn by the end of 2020. The market is projected to register an 8.70% CAGR between 2014 and 2020. On the basis of volume, in 2013, the global bottled water market was pegged at 267.91 bn liters and is estimated to be 465.12 bn liters by 2020. The market is projected to log an 8.30% CAGR between 2014 and 2020.
In the global food and beverage industry, bottled water is one of the fastest-selling products. As a result, the global bottled water market is considered a dynamic market. Bottled water is regulated by the Food and Drug Administration as a packaged food product. The regulation of bottled water is extremely important owing to the rising health concerns across the globe. The easy availability of functional water in different flavors, rising disposable incomes, and the introduction of innovative products and packaging are some of the major factors driving the bottled water market across the globe.
The global market for bottled water has been classified on the basis of product into flavored, still, functional, and carbonated. In 2013, the still bottled water segment led, accounting for a 65% share in the global bottled water market. Nevertheless, the functional and flavored segments have been witnessing substantial growth, owing to the rising consumer preference for products for well-being and fitness goals.
The carbonated segment accounted for second-largest position in the global bottled water market with a 22.9% share in terms of revenue. However, this segment is expected to lose some of its share in the next few years. This downward trend of the carbonated segment is due to the increased consumer spending on healthy hydration products across the globe.
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From the geographical standpoint, Asia Pacific was the dominant region, accounting for a 33% share in the global bottled water market in 2013. The bottled water market is spread across the globe owing to the bottling operations and processing taking place in different countries. Thus, bottled water exports are proving to be highly lucrative, resulting in high investments into the global bottled water market in the near future.
The prominent players engaged in the global bottled water market include CG Roxane, LLC, The Coca-Cola Company, Icelandic Water Holdings ehf., Tibet 5100 Water Resources Holdings Ltd., Mountain Valley Spring Company, LLC, Ajegroup SA, Nestle Waters, Unicer – Bebidas SA, Hangzhou Wahaha Group Co., Ltd., Groupe Danone, PepsiCo, Inc., Grupo Vichy Catalan, Hassia Waters International GmbH & Co. KG, Fonti Di Vinadio S.P.A., and Suntory Beverage & Food Ltd.
Key Segments of the Global Bottled Water Market:
Global Bottled Water Market: Product Analysis
Global Bottled Water Market: Regional Analysis