According to the latest report by IMARC Group “Premium Bottled Water Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, The global premium bottled water market reached a value of US$ XX Billion in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2022-2027.
Premium bottled water comprises a higher content of sodium, calcium, magnesium, and zinc. It is produced by distillation, deionization, reverse osmosis, and other suitable processes. It aids in enhancing taste, quality, purity, and safety and involves an adequate amount of overall dissolved solids (TDS), additional nutrients, and dissolved minerals as compared to conventionally used regular water. It offers hydration, removes harmful containments, improves digestion, boosts athletic performance, promotes clearer skin, and detoxifies the body. At present, the emerging trend of travel and tourism activities is driving the demand for premium bottled water due to the convenience offered and ease of carrying.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The increasing prevalence of water-borne diseases and gastrointestinal-related disorders, in confluence with the rising health consciousness among individuals, represent one of the major factors positively influencing the demand for premium bottled water around the world. Rapid urbanization and expanding purchasing power of consumers are also contributing to market growth. Moreover, the growing number of hotels, restaurants, cafes, resorts, and bars is driving the demand for premium bottled water worldwide.
In addition, there is a rise in the concern about high sugar content, and sweeteners in carbonated drinks is favoring the market growth. Apart from this, product manufacturers are introducing new and innovative flavored water variants to improve taste and nutritional benefits like vitamins and reduce calorie content. These manufacturers are also offering enhanced mineral content and other composites. In addition, they are focusing on packaging designs, patterns, labels, and customized product options. Key players are extensively financing advertising campaigns and celebrity and social media influencer endorsements to enhance brand awareness and profitability. This, in turn, is providing a thrust to the market growth.
Besides this, there is easy availability of premium bottled water in innovative packaging solutions with attractive labels through online retail channels. Along with this, an increasing number of e-commerce platforms that offer a wide catalog, free delivery, remarkable offers, and discounts is offering lucrative growth opportunities to key players operating in the industry. Additionally, the launch of testing equipment to analyze water quality and packaging of water bottles is propelling market growth. It helps treat bottled water with ultraviolet (UV) irradiation before packaging for protecting against the growth of pathogenic organisms during storage and transportation. Along with this, extensive research and development (R&D) activities to introduce automated testing equipment for improving the purity, safety, quality, and taste of bottled water are expected to strengthen the growth of the market.
Breakup by Product:
- Spring Water
- Sparkling Water
- Mineral Water
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Stores
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Alpine Glacier Water Inc.
- Berg Water
- Beverly Hills Drink Company
- Bling H2O
- Blvd Water
- Danone S.A.
- Gerolsteiner Brunnen GmbH & Co. KG
- Lofoten Arctic Water AS
- MINUS 181 GmbH
- NEVAS GmbH
- Roiwater
- Uisge Source Inc.
- Veen.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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