Global Bottled Water Market By Type ( Carbonated Bottle Water, Flavored Bottle Water, Still Bottle Water, Functional Bottle Water, Others ), By Application( Retail Stores, Supermarkets, E-retailers ), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2033

The Global Bottled Water Market was valued at USD 322.20 billion in 2023. Beetroot Powder products are expected to grow at a strong CAGR of 7% between 2023-2033, amounting to USD 577.58 billion by 2033. There is a growing demand for packaged water that is clean and safe. In many regions, water scarcity is a major problem. This leads to increased demand for safe drinking water.

Growing Demand:

Global bottled water markets are driven by the scarcity of water in certain regions of the world. Consuming contaminated water can lead to numerous health problems such as digestive problems, reproductive problems, neurological disorders, and other issues. A growing awareness of the dangers associated with contaminated water is driving demand for bottled water around the world.

In order to increase the popularity of bottled water across the globe, it has been easy to find bottled water at various outlets, such as grocery stores, supermarkets, convenience stores, and other retail outlets. In the last few decades, there has been a boom in demand for bottled water products like mineral water, sparkling water, and distilled water. This has aided market growth.

Consumption of bottled water has increased due to rising urban populations, increasing disposable income, increasing health consciousness, and growing awareness about waterborne diseases. To achieve sustainability, manufacturers have begun to adopt PET and plant-based water bottles due to growing concerns about plastic waste from the bottled water industry.

These environmentally-friendly bottles will drive demand for bottled water in developed countries like North America and Europe. In the near future, innovative packaging will play an important role in the market’s growth. It is important to create a positive brand image for consumers by using sustainable materials when making bottles.

The manufacturer uses premiumization to distinguish bottled water products for their premium customers. Manufacturers emphasize the exclusivity and high quality of their premium brands. Premiumization is an important part of generating high-quality revenues for manufacturers.

Bottled Water Market Scope:

By Type, the market is segmented into Carbonated Bottle Water, Flavored Bottle Water, Still Bottle Water, Functional Bottle Water, and Others. By Application, the market is divided into Retail Stores, Supermarkets, and E-retailers.

Based on geography, the market is analyzed across North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. Major players profiled in the report include PepsiCo, Coca-Cola, Suntory, Unicer, Icelandic Glacial, CG Roxane, Vichy Catalan, and Mountain Valley Spring.

Key Market Segments

Type

Carbonated Bottle Water
Flavored Bottle Water
Still Bottle Water
Functional Bottle Water

Application

Retail Stores
Supermarkets
E-retailers

Key Market Players included in the report:

PepsiCo
Coca Cola
Suntory
Unicer
Icelandic Glacial
CG Roxane
Vichy Catalan
Mountain Valley Spring

Factors driving the decision:

To foster market growth prospects, increase alcohol consumption

The popularity of bottled water in margaritas is a major driver of the Bottled Water Market’s growth. It can be used as a drink enhancer or to soothe dehydration because of its strong taste. Children, teens, and young adults love the sparkling effect of water under ultraviolet light.

Exposure to direct sunlight makes bottles of water appear fluorescent because quinine, which is reactive to ultraviolet radiation, makes them glow. The market for quinine is expected to continue growing due to its use in cocktails and medicinal properties. Over the forecast period, bottled water producers are expected to create additional flavorings for their products.

Many benefits of bottled water and the rising disposable income of people accelerate market growth

Bottled water is a popular healthy drink because it contains quinine. This medication is used to treat malaria and babesiosis. Bottled water has 83 mg of quinine per bottle and excellent medicinal properties. A wide range of flavors and sugars are being offered by market manufacturers. The therapeutic benefits of bottled water are driving global demand for the product.

A major driver of the global bottled water market is the rising disposable income of people due to industrialization and economic growth. Rapid urbanization has also contributed to an increase in demand. This is because it has led to increased alcohol consumption, which is why bottled water is often added to. The market has also seen positive effects from the increasing popularity of social media platforms and the internet.

Restraining Factors:

Market prospects are being hampered by increasing environmental pollution

The bottled water bottle’s growth will be impeded by the environmental pollution caused by plastic bottles. The plastic used in making bottles may contain hazardous substances. Even though many bottled water companies have stopped using BPA-containing polypropylene plastics, which can cause harm to the human body, plastic bottles can still contain harmful chemicals that act as the main restraint factor in the bottled water market.

Manufacturing Companies are being criticized more than ever to hinder market prospects

Environmentalists are critiquing bottled water companies for their manufacturing processes. This is because water extraction, processing, and bottling require a lot of energy. The market for bottled water will be further challenged by a lack of awareness regarding health issues caused by low-cost tap water.

Market Trends in Bottled Water:

According to our research experts, this section focuses on the key market trends that will shape the Bottled Water Market.

North America: Growing Preference for Functional water

Functional water is water that has been enriched with vitamins. It has gained popularity because of its convenience, perceived health benefits, and better flavor than tap water. There are growing concerns about various health issues such as heartburn, weight gain, and digestive problems. Consumers are choosing healthier options like flavored and functional water.

Functional waters are more affordable than other RTD beverages. They also come in a variety of packaging options such as single-serve bottles and containers. This is driving the growth and popularity of functional water. The inclusion of essential ingredients such as vitamins and minerals in functional beverages has led to a rapid increase in demand for fortified beverages. It is expected that the market will grow with the introduction of innovative functional water products from beverage manufacturers and companies involved in the production of water derived from modified blends of protein and minerals.

Recent Developments:

Nestle SA sold its bottled water business in America and Canada to One Rock Capital Partners, a private equity firm, for USD 4.3 billion. This was renamed BlueTriton Brands.

Primo Water Corporation announced in October 2020 that it had acquired Mountain Valley Water Company, Los Angeles. This will bring the total number of customers to more than 8,000.

Agthia Group PJSC launched Al Ain Plant Bottle in February 2020. This is the first region-wide plant-based water container. Veolia, the global leader in optimized resource management, signed an MoU with Agthia to establish a PET water bottle collection program in the United Arab Emirates.