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Bottled Water Market to Grow Due to Necessity for Clean Drinking Water
Published : 2016-10-17

The increased cleanliness criteria throughout the world and increasing health conscious customers have considerably boosted the intake of bottled water globally. Escalating apprehensions concerning lowly quality drinking water has provoked customers towards the drinking of bottled drinking water. In addition, increasing cognizance amongst buyers as regards the drinking of energizing, rejuvenating, expedient, and safe drinks that are calorie free and caffeine free is likely to speed up sales of bottled water in the coming years. Stringent protocols levied by governments across the globe vis-à-vis the drinking of carbonated soft drinks is also predicted to drive the progress of the global bottled water market in the next few years. 

Amongst all the merchandises existing in the global bottled water market such as carbonated bottled water, flavored bottled water, functional bottled water, and still bottled water, the still bottled water segment arose dominant. It is anticipated to make up for a share of 78.8% in terms of profits by 2016. The development of this fragment can be ascribed to the mounting number of diabetes patients across the globe, for they cannot drink water with artificial components or sweeteners. Nevertheless, the fragments of flavored and functional bottled water are expected to achieve acceptance and display sturdy growth due to the ever-changing buyer inclinations from flavored and carbonated soft drinks to flavored bottled water. The functional bottled water market is estimated to eyewitness a CAGR of 8.4% between 2016 and 2024.

Areas such as Africa and the Middle East, Latin America, and Asia Pacific are slated to materialize as money-spinning markets for makers of bottled water. The elevated demand for bottled water from nations such as China, Thailand, Indonesia, and India is anticipated to help Asia Pacific maintain a top position until 2024. Additionally, the powerful supply chain for bottled water in this area is additionally predictable to upswing the market in the near future.

The global bottled water market is projected to rise at a CAGR of 6.6% during in the coming few years. The principal establishments functioning in the market are Mountain Valley Spring Company, PepsiCo Inc., LLC, Groupe Danone, and Nestle Waters amongst others.

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