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Published Date: 2016-10-13Number of Pages: 283

Bottled Water Market (Product Type - Still Bottle Water, Carbonated Bottle Water, Flavored Bottle Water, and Functional Bottle Water; Packaging - PET Bottles and Glass Bottles; Distribution Channel - Super/Hypermarket, Convenience/Drug Stores, Grocery Stores/Clube Stores, and Foodservice/Vending) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Global Bottled Water Market: Snapshot

The global market for bottled water has gained significant momentum in the past few years, chiefly owing to the increasing global demand for convenient, safer, healthy, and refreshing beverages. Rising concerns regarding the adverse effects of the high-sugar content of carbonated soft drinks and increasing disposable incomes of the population in Asia pacific, Latin America, and Eastern Europe have also significantly contributed to the increasing demand bottled water in the global market.

Transparency Market Research estimates that the global bottled water market will expand at a 6.6% CAGR over the period between 2016 and 2024. If the projection holds true, the market will rise from a valuation of US$169.9 bn to US$307.2 bn by 2024.bottled water market

Flavored and Functional Bottled Water to Register Promising Growth

Of the key varieties of products available in the market, including still bottled water, flavored bottled water, carbonated bottled water, and functional bottled water, the segment of still bottled water dominates in terms of both revenue and volume. The segment is expected to hold 78.8% and 82.2% in terms of revenue and volume, respectively, of the global market by the end of 2016, and is also expected to remain dominant throughout the forecast period. The vast rise in the global population of health conscious consumers and diabetics is key to the rising demand for still bottled water as this product variety does not contain artificial sweeteners or ingredients.

Rising concerns regarding the high sugars in carbonated soft drinks are also shifting the consumer’s focus from flavored and carbonated soft drinks to flavored and carbonated bottled water. The segment of carbonated bottled water is presently the second dominant segment of the market and is expected to grow at a healthy pace throughout the forecast period as well. However, the segment of flavored bottled water is expected to register the most promising growth, exhibiting an 8.4% CAGR from 2016 through 2024. The segment of functional bottled water is expected to register a slightly less but equally promising CAGR over the said period.

Developing Economies to Remain Key Growth Drivers

The markets for bottled water in regions such as Asia Pacific, Latin America, and Middle East and Africa are expected to register high growth rates between 2016 and 2024. The bottled water market in Asia Pacific is expected to dominate the global market in terms of market share owing to high demand for bottled water from India and China, Thailand and Indonesia. The region will remain ahead of other regional markets in terms of overall uptake of bottled water owing to the rising per capita consumption of bottled water across urban areas in developing economies. Also, the easy availability of bottled water through well-developed supply chain for bottled water products in the region will enable the bottled water market in the region gain traction.

In term of value, Asia Pacific accounted for a share of 26.9% in the global bottled water market in 2015 and is expected to account for 31.0% by 2024. In terms of volume too, the bottled water market in Asia Pacific is expected to remain the dominant regional market throughout the forecast period. The bottled water market in Latin America is also expected to witness favorable growth over the forecast period owing to the vast rise in focus of key manufacturers and suppliers of bottled water and an increasing number of manufacturing facilities in the region.

Key players in the global bottled water market report include bottled water suppliers and manufacturers such as Nestle Waters, Groupe Danone, PepsiCo Inc, The Coca Cola Company, Mountain Valley Spring Company, LLC., Suntori Beverage & Food Ltd, Unicer - Bebidas SA, Grupo Vichy Catalan, Icelandic Water Holdings ehf., CG Roxane, LLC.

Global Bottled Water Market: Overview

Transparency Market Research (TMR) offers an 8-year forecast for the global bottled water market between 2016 and 2024. In terms of value, the market is expected to register a CAGR of 6.6% during the forecast period (2016–2024). The main objective of the report is to offer insights on the advancements in the bottled water market. The study demonstrates market dynamics that are expected to influence the current environment and future status of the global bottled water market over the forecast period. The report aims to offer updates on trends, drivers, restraints, value forecasts, and opportunities for manufacturers operating in the global bottled water market.

Global Bottled Water Market: Drives and Restraints

Factors such as increasing health consciousness, hygiene awareness, lack of well-developed public water infrastructure and demand for functional bottled water are expected to fuel revenue and volume growth of the global bottled water market.  Bottled water manufacturers are introducing new products with health benefits and new flavours which is resulting several product launches in the bottled water market. The new products offering functional benefits, better taste and convenience are preferred by consumers. Increasing disposable income and consumer preferences for bottled water over aerated drinks and rising demand for functional and flavoured water are expected to further fuel demand for bottled water across the world.  Globally, the growth of PET bottles sector has led to widespread supply of bottled water, through wide network organized markets as well as several grocery and club stores. These factors are expected to bolster growth of the bottled water market in the near future. 

A section of the report discusses how the overall competition in the market is steadily increasing. It discusses various factors shaping the internal as well as external competition in the market. Overall internal competition in the bottled water market is observed to be comparatively high owing to a large number of major providers of bottled water products and increasing number of small domestic players in the market. The global bottled water industry is facing external competition from producers & distributors, which are adopting forward and backward integration strategies, and developing their own facilities to produce bottled water. Various barriers to entry in the industry are analyzed and rated on the basis of their impact on the competition level in the market. 

Global Bottled Water Market: Competitive Landscape

In the final section of the report, a competitive landscape has been included to provide report audiences with a dashboard view. Key categories of providers covered in the report are bottled water suppliers, manufacturers, and a list of major retailers and raw material suppliers. Detailed profiles of the providers are also included in the scope of the report to evaluate their long- and short-term strategies, key offerings, and recent developments in the bottled water space. Key players in the global bottled water market report include bottled water suppliers and manufacturers such as Key players in the global bottled water market report include bottled water suppliers and manufacturers such as Nestle Waters, Groupe Danone, PepsiCo Inc, The Coca Cola Company, Mountain Valley Spring Company, LLC., Suntori Beverage & Food Ltd, Unicer - Bebidas SA, Grupo Vichy Catalan, Icelandic Water Holdings ehf., CG Roxane, LLC

Global Bottled Water Market: Segmentation 

The report analyses the market share of the global bottled water market by each of the packaging type segment including PET bottles, glass bottles, and others(foodservice, vending). It also analyses the market share of the global bottled water market by each distribution channel and product types. A section of the report highlights bottled water demand, region-wise. It provides a market outlook for 2016–2024 and sets the forecast within the context of the bottled water ecosystem, including strategic developments, latest regulations, and new product offerings in the global bottled water market. This study discusses key region trends contributing to growth of the global bottled water market, as well as analyzes the degree to which drivers are influencing the market in each region. Key regions assessed in this report include North America, Latin America, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA).

Key Segments Covered

  • By Product Type
    • Still Bottle Water
    • Carbonated Bottle Water
    • Flavored Bottle Water
    • Functional Bottle Water
  • By Packaging
    • PET Bottles
    • Glass Bottles
    • Others
  • By Distribution Channel
    • Super/Hypermarket
    • Convenience/Drug Stores
    • Grocery Stores/Club Stores
    • Others (Foodservice/Vending)

On the basis of product type, the global bottled water market is segmented into still bottle water, carbonated bottle water, flavoured bottle water and functional bottle water. Demand for bottled water has grown significantly owing to increasing consumption bottled water over any other non-alcoholic beverage. Improving hygienic conditions, health consciousness and improving living standards, clubbed with increasing consumer preferences for functional bottled water is expected to drive revenue growth of the global bottled water market. 

On the basis of distribution channel, the global bottled water market is segmented into super/hypermarket, convenience/drug stores, grocery stores/club stores, and others (foodservice/vending). A detailed analysis has been provided for every segment in terms of market size analysis for bottled water across the globe. 

In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyze on the basis of key parameters such as Year-on-Year (Y-o-Y) growth, to understand the predictability of the market and identify the right opportunities.

Another key feature of this report is the analysis of all key segments in terms of absolute dollar. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global bottled water market.

Key Regions/Countries Covered

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Europe
    • EU5
    • Benelux
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Australia and New Zealand
    • Rest of APAC
  • Middle East & Africa
    • GCC
    • North Africa
    • South Africa
    • Rest of MEA


 
 
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