Global Bottled Water Industry Thrives with a 73% Growth Over the Last Decade

New York, United States., November 20, 2023 - /PressReleasePoint/ - The bottled water industry has witnessed a remarkable 73% growth worldwide over the past ten years, making substantial contributions to the global financial landscape in terms of growth rate, market share, and sales generation. With over 1 million bottles sold every minute globally, the industry has played a pivotal role in meeting the increasing demand driven by heightened awareness of waterborne diseases such as malaria, typhoid, diarrhea, and food poisoning.

In the last decade, the Global Bottled Water industry exhibited extraordinary and consistent yearly growth, reaching a valuation of over USD 200 billion in 2018, which saw a significant increase in 2019. Despite a slight disruption in 2020 due to supply chain issues, the market remained resilient as demand surged.

Examining regional trends, the Asia Pacific emerges as the largest bottled water market, experiencing considerable growth in countries like China and India, fueled by increased health awareness and the demand for on-the-go hydration. China, in particular, has seen a rapid increase in bottled water sales, with companies capitalizing on seasonal changes and heightened health consciousness among consumers.

Bottled water consumption in the United States grew by 4.7% in 2021, with each American consuming 47 gallons of bottled water, reflecting a 3.9% increase from 2010.

Singapore and Australia lead in per capita bottled water usage, with 1,129 and 504 liters per year, respectively. Singaporeans, in particular, stand out for consuming the most bottled water and spending the most money per capita on it.

The Asia Pacific region, with its growing population, rising living standards, increased waterborne illnesses, and inadequate government provision of clean drinking water, remains one of the fastest-growing markets for the bottled water industry, notably in India and China.

Recent product launches have further fueled industry growth. For instance, Danone-AQUA in Indonesia introduced AQUA LIFE in January 2022, emphasizing healthy ingredients and environmental sustainability. Danone S.A.'s Evian brand launched Evian+ in August 2021, a line of mineral-enhanced sparkling beverages designed to boost cognitive performance. Otsuka Pharmaceutical introduced label-free PET bottle versions of POCARI SWEAT and POCARI SWEAT ION WATER in January 2021.

Major competitors dominating the market include Danone, Coca-Cola, Nestle, and PepsiCo. Both major and smaller players are vying for market share by innovating with new product variations and differentiations.

Looking ahead, the future prospects for bottled water consumption project a 7% Compound Annual Growth Rate (CAGR). Despite overall liquid consumption remaining steady annually, the bottled water segment is expected to grow significantly faster, aligning with population growth.


Scope of the Study
The report titled "Bottled Water Market Analysis: Size, Share and Forecast (2018-2028) - Segmentation by Product & Geography" by Makreo Research offers a comprehensive examination of the bottled water market, analyzing demand, production data, historical and current industry trends, and regional dynamics. The study covers North America, Europe, Asia-Pacific, and the Middle East, providing a balanced mix of macroeconomic and microeconomic analysis, both qualitative and quantitative. The report also delves into competitive landscapes, highlighting significant M&A transactions and recent financial infusions.

The study spans from 2018 to 2022, capturing the past and present scenario, with 2022 as the base year. The outlook for 2023-2028 anticipates continued growth and evolution in the industry.

Research Study:
Bottled Water Market Analysis, Size, Share and Forecast (2018-2028)