Bottled Water Market Size, Trends and Insights By Product Type (Still Water, Sparkling Water, Functional Water, Others), By Capacity Type (3 Gallons, 5 Gallons, Others), By Packaging Type (PET, Cans, Others), By Distribution Channel (Off-trade, Supermarkets & Hypermarkets, Convenience Stores, Grocery Stores, Others, On…
The global bottled water market was valued at USD 333 Bn in 2023 and is projected to reach USD 539 Bn by 2032, growing at a CAGR of 5.67%. Europe is the largest regional market and Asia-Pacific is growing fastest.
Reports Description
Global Bottled Water Market was valued at USD 333.2 Billion in 2023 and is expected to reach USD 538.9 Billion by 2032, at a CAGR of 5.67% during the forecast period 2023 - 2032.
Bottled water is packaged drinking water that meets all applicable government, regional, and country standards. It is sealed in a sanitary container and is sold for human consumption. Bottled water is drinking water packaged in plastic or glass water bottles. Sizes range from small single serving bottles to containers.
Increasing Concerns about Gastrointestinal Diseases
The increasing prevalence of gastrointestinal diseases across the globe is mainly driving the bottled water market. Gastrointestinal (GI) symptoms are widespread and carry heavy economic and social consequences.
According to data published by the United States, Centre for Disease Control and Prevention organization in the United States 11% of the population suffer from a chronic digestive disease, with a prevalence rate as high as 35% for those 65 years and over. These diseases are caused by to consumption of contaminated water.
Thus, such growing incidences of gastrointestinal diseases are boosting the demand for bottled water during the forecast period.
Growing awareness about health and Increasing Preferences for Nutrient Fortified Water
Growing disposable income across emerging economies such as China, India, South Korea, and Brazil, is creating awareness about health, which in turn boosts the demand for bottled water because it is purified, deionized, and demineralized.
This water is free from pollutants and potable. According to the United Nations, some 2.2 billion people across the globe do not have access to safe drinking water. Developing nations depend on bottled water to make up for this shortfall. Such factors are augmenting the overall market growth during the forecast period.
Drinking water scarcity in several regions further necessitates demand for safe drinking water. For instance, Egypt, facing water scarcity, was the fastest growing market for treated bottled water from 2018 to 2021, the UNU report said.
People are giving preferences for nutrient fortified water because fortified water contains protein, amino acids, electrolytes, vitamins and minerals, or bioactive botanicals. Due to such functional benefits, demand for nutrient fortified water is increasing across the globe, thereby driving market growth.
Market Restraints
Bottled water is manufactured by using various raw materials such as PET, HDPE and Others. Stringent regulations related to these materials across the globe are restraining the bottled water market during the forecast period. Improper disposable of bottled water is creating an environmental population, which in turn restraining the market growth.
Furthermore, less adaptation of bottled water in many underdeveloped countries, and the lack of universal directives about packaging and mineral content of bottled water are also restraining the market growth.
Market Opportunities
Growing Awareness about Health and Wellness
Disposable income is increasing across the globe, which in turn creates awareness about health and well ness in many developed and developing countries such as U.S., Canada, France, Germany, China, India, and Japan among others. People are increasingly focusing on their health and wellness due to growing disposable income, which in turn boosts the demand for purified and ultra-purified bottled water across the globe.
Increasing demand for bottled water among travellers, working professionals, and in-house consumers due to the ease and convenience of these bottles is expected to create lucrative opportunities for the market during the forecast period.
Furthermore, innovation in product development such as the introduction of various flavours of water such as alkaline, electrolyte-rich, fortified, and caffeinated water, fortified with additional hydrogen or oxygen is expected to create more opportunities during the forecast period.
Bottled Water Market Segmentation Analysis
Global Bottled Water market is segmented by product type, packaging type, capacity type, distribution channel and region. By Product type market is further sub segmented into still water, sparkling water, functional water, and others. Among all these, still, water held the highest market share in 2022 and is expected to keep its dominance during the forecast period.
Still, water is effective and prevents various diseases such as dysentery, diarrhea, and typhoid. The still water does not contain dissolved carbon dioxide. It contains fluoride which prevents tooth decay. Sparkling water held the second largest market in 2022.
The functional water segment is expected to grow at the highest CAGR during the forecast period. Due to an increasing awareness about health and wellness consumers are becoming increasingly conscious of their overall health and wellness and actively seeking out functional beverages that can support their specific health goals.
By packaging type, the PET packaging segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period owing to the low cost of PET packaging as compared to other packaging materials. PET packaging material is easily available, lightweight and cost effective due to these benefits their utilization is increasing in bottle packaging, thereby boosting market growth.
By distribution channel market is segmented into on trade and off trade distribution channel segments. Off trade distribution channel segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period. Off trade distribution channels include supermarkets/hypermarkets, speciality stores, grocery stores etc. Growing number of these stores globally is expected to boost the growth of this segment during the forecast period.
Bottled Water Market Regional Insight
By region, bottled water market is segmented into Asia Pacific, Europe, North America, Middle East & Africa and Latin America. Asia Pacific held the highest market share of 42.00% in 2022 and is expected to keep its dominance during the forecast period.
Factors such as growing disposable income, changing lifestyle, increasing working population and increasing awareness about health in many emerging countries such as China, India, Japan, South Korea, Indonesia, Singapore, Australia and Vietnam are boosting the growth in this region.
According to the United Nations, India was the 12th largest consumer of bottled water in the world by value and the 14th biggest by volume in 2022. Furthermore, in 2022 Singapore and Australia were the biggest per capita consumers of bottled water at 1,129 litres and 504 litres a year respectively, according to the same report. Thus, such increasing consumption of bottled water in these countries is expected to drive market growth in this region.
North America held the second largest market share in 2022 and is expected to keep its position during the forecast period owing to increasing demand for bottled water in the U.S. and Canada. Increasing awareness about health and wellness among people in this region is mainly driving the bottled water market growth during the forecast period.
Europe held the third largest market share in 2022 and is expected to grow at a significant CAGR during the forecast period. Major countries such as Germany, France, Russia, Spain, the UK and the Netherlands are prominent consumers of bottled water in this region.
Rapidly growing tourism European tourism industry is attracting millions of tourists every year. These tourists prefer bottled water for reliable and safe drinking, which in turn is expected to boost the demand for the bottled water market, thereby market growth.
Middle East & Africa and Latin America region are expected to grow at a steady growth rate during the forecast period.
Report Scope
Feature of the Report
Details
Market Size in 2023
USD 333.2 Billion
Projected Market Size in 2032
USD 538.9 Billion
Market Size in 2022
USD 310.45 Billion
CAGR Growth Rate
5.67% CAGR
Base Year
2023
Forecast Period
2024-2033
Key Segment
By Product Type, Capacity Type, Packaging Type, Distribution Channel and Region
Report Coverage
Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options
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Bottled Water Market Competitive Landscape
Água Mineral
Alba Suntory Beverage & Food Ltd.
Bisleri International
BlueTriton Brands Inc.
DANONE
FIJI Water Company LLC
Gerolsteiner Brunnen GmbH & Co. KG
Groupe Danone
Himalayan Oxyrich
Kaiary Angosto
Keurig Dr Pepper Inc.
Kona Deep
Mountain Valley Spring Company LLC
National Beverage Corp.
Nestle Waters
Nongfu Spring
Parle Agro
PepsiCo
Perrier KHS Group
Primo Water Corporation
Tata Global Beverages Ltd. (TGBL)
The Coca-Cola Company
Unicer-Bebidas SA Grupo
VOSS WATER
Others
These key players are adopting various organic and inorganic growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.
Recent Developments in Market
In Oct 2022, The Coca-Cola Company entered in Chinese market and launched premium vapour distilled bottled water. Through this new product, Coca- Cola will enhance its presence in the Chinese market.
In Mar 2023, Tata Consumer Products is announced to make substantial investments in its mineral water brands, such as Tata Copper+ and Himalayan. The development comes at a time when its plans to acquire leading bottled water brand Bisleri could not come to fruition. Through this investment, Tata consumer product is aiming to strengthen its product portfolio in the Indian Market.
Global Bottled Water Market 2023–2032 (By Billion)
What is the restraints of global Bottled Water market?
The stringent regulation pertaining to PET packaging material is major restraint in global bottled water market.
Which are the driving factors of the Bottled Water Market?
The growing demand for nutrient fortified bottled Water is major driver in global bottled water market.
Which type led the Bottled Water market?
The "Still Water" category dominated the market in 2022.
Who are the key players in the Bottled Water market?
The key players in the market are Água Mineral, Alba Suntory Beverage & Food Ltd., Bisleri International, BlueTriton Brands Inc., DANONE, FIJI Water Company LLC, Gerolsteiner Brunnen GmbH & Co. KG, Groupe Danone, Himalayan Oxyrich, Kaiary Angosto, Keurig Dr Pepper Inc., Kona Deep, Mountain Valley Spring Company LLC, National Beverage Corp., Nestle Waters, Nongfu Spring, Parle Agro, PepsiCo, Perrier KHS Group, Primo Water Corporation, Tata Global Beverages Ltd. (TGBL), The Coca-Cola Company, Unicer-Bebidas SA Grupo, VOSS WATER, Others.
Which region held the largest market share in the Bottled Water market?
"Asia Pacific" had the largest share in the Bottled Water Market.
What is the growth rate of the Bottled Water market?
The global market is projected to grow at a CAGR of 5.67% during the forecast period, 2023-2032.
How much is the Bottled Water market?
The Bottled Water Market size was valued at USD 333.2 Billion in 2023.
Ayush Kadam is a Senior Market Research Analyst at Custom Market Insights, with over seven years of experience in syndicated and custom market research. He specializes in market sizing, competitive intelligence, industry trends, forecasting, and strategic insights, helping clients turn complex data into actionable business decisions.