Bottled Water Market by Type (Still Water, Sparkling Water, and Functional Water), Distribution Channel (Off-trade and On-trade), and Regions (North America, Europe, Asia-Pacific, South America, and Middle East & Africa) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The bottled water market size is estimated to register a substantial CAGR of 6.1% during the forecast period, 2021–2028. The growth of the market is attributed to the increasing number of health-conscious consumers.
Bottled water is purified and contaminant-free drinking water that has been packaged. It comes in plastic and glass bottles, and is the most convenient way for the body to meet its hydration requirements because it is readily available at local retail stores and supermarkets. The market is being pushed by increased healthcare awareness of waterborne diseases including malaria, typhoid, diarrhea, food poisoning, and other illnesses.
The Covid-19 pandemic affected the demand and supply of bottled water market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing number of health-conscious consumers and rising demand for functional water are expected to propel the market in the coming years.
- The ease of consumption and its impact on human nutrition is major factor fueling the market.
- Pollution generated by plastic garbage is anticipated to hamper the market expansion.
- Lack of awareness act as major challenge that can hinder the market growth during the forecast period.
- The introduction of eco-friendly packaging and flavored water with specified substances is expected to create immense opportunities for the market players.
Scope of the Report
The report on the bottled water market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Bottled Water Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
by Type (Still Water, Sparkling Water, and Functional Water), by Distribution Channel (Off-trade and On-trade), and by Geography (North America, Europe, Asia-Pacific, South America, and Middle East & Africa) |
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Regional Scope |
North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Otsuka Pharmaceutical Co., Ltd., Nestle S.A, Danone S.A., The Coca-Cola Company, and PepsiCo Inc. |
Market Segment Insights
The functional water segment is expected to expand at a rapid pace
On the basis of type, the bottled water market is divided into still water, sparkling water, and functional water. The functional water segment is expected to represent a key share of the market during the forecast period. Health and wellness trends, as well as exquisite product offers from various global and regional companies, are driving demand for functional water. Growing consumer demand for functional drinks has been a major factor driving the market during the forecast period. The ease of consumption and its impact on human nutrition are two variables that are driving market demand. Growth of the market is likely to be aided by the increased popularity of functional water among the working class and millennial populations.
The off-trade distribution channel is anticipated to expand at a rapid pace
On the basis of distribution channel, the bottled water market is segmented into off-trade and on-trade. The off-trade segment is expected to hold a key share of the market during the forecast period due to convenience of consumption and its impact on health of human. All retail shops such as hypermarkets, supermarkets, and convenience stores are included in the off-trade market. Big grocery chains account for the major sales of the market.
North America is expected to dominate the market
On the basis of regions, the bottled water market is classified as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The market of North America is anticipated to dominate the market during the forecast period. Functional water is rapidly becoming a major commercial and popular beverage category in developed countries such as the United States and Canada, since it appeals to health-conscious customers. In the United States, major producers and marketers have begun to promote functional water as a healthier alternative to carbonated beverages and fruit juices. The players argue that functional water is an enhanced product that can be used not just for hydration but also as a functional beverage, using product descriptions, modern and interactive labelling, and support from well-known companies, as well as arranging programs and seminars.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Bottled Water Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Bottled Water Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Bottled Water Market - Supply Chain
4.5. Global Bottled Water Market Forecast
4.5.1. Bottled Water Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Bottled Water Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Bottled Water Market Absolute $ Opportunity
5. Global Bottled Water Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Bottled Water Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Bottled Water Demand Share Forecast, 2019-2026
6. North America Bottled Water Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Bottled Water Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Bottled Water Demand Share Forecast, 2019-2026
7. Latin America Bottled Water Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Bottled Water Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Bottled Water Demand Share Forecast, 2019-2026
8. Europe Bottled Water Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Bottled Water Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Bottled Water Demand Share Forecast, 2019-2026
9. Asia Pacific Bottled Water Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Bottled Water Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Bottled Water Demand Share Forecast, 2019-2026
10. Middle East & Africa Bottled Water Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Bottled Water Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Bottled Water Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Bottled Water Market: Market Share Analysis
11.2. Bottled Water Distributors and Customers
11.3. Bottled Water Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Otsuka Pharmaceutical Co., Ltd. Nestle S.A Danone S.A. The Coca-Cola Company PepsiCo Inc.
Segments Covered in the Report
The bottled water market has been segmented on the basis of
Type
- Still Water
- Sparkling Water
- Functional Water
Distribution Channel
- Off-trade
- On-trade
Geography
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Key Players
- Otsuka Pharmaceutical Co., Ltd.
- Nestle S.A
- Danone S.A.
- The Coca-Cola Company
- PepsiCo Inc.
Key players competing in the bottled water market include Otsuka Pharmaceutical Co., Ltd., Nestle S.A, Danone S.A., The Coca-Cola Company, and PepsiCo Inc.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.
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