24-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Premium Bottled Water Market By Type (Flavored and Unflavored) and By Distribution Channel (Supermarkets, Convenience Stores, Departmental Stores, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global premium bottled water market in 2019 was approximately USD 2,271 Million. The market is expected to grow at a CAGR of 8.34% and is anticipated to reach around USD 3,980 Million by 2026.
Premium bottled water is called premium water. The consciousness of the health benefits in most countries of high quality bottled water with additional minerals and a decline in tap water quality is expected to raise the global demand for premium bottled water. Consumers are drinking more and more flavored water as a practical drink for hydration. The demand and use of quality bottled water is growing significantly because of factors such as economic growth in developing countries, increased disposable incomes and changing people's lifestyle. Comfort and increased consumer spending on balanced drinks often contribute to the need for quality bottled water. The best water sources are bottled water since it can easily be transported in a wide range of convenient plots. Such water bottles are practical and appropriate for use. In addition, supermarkets and department shops can be easily found to promote the growth of the water bottling market.
Browse the full “Premium Bottled Water Market By Type (Flavored and Unflavored) and By Distribution Channel (Supermarkets, Convenience Stores, Departmental Stores, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026 " https://www.fnfresearch.com/premium-bottled-water-market-by-type-flavored-and-917
The growing demand for flavored water products with an additional flavor and distribution channel is supporting market growth. This contains fewer calories than carbonated drinks and juices and is known to be safer than soft drinks. Manufacturers also offer premium bottled water with vitamins or other elements for customers. The demand and use of quality bottled water have increased considerably due to such things as developing countries ' economic development, rising disposable incomes and changing lifestyles. Bottled water markets are also gaining traction due to the increased popularity of carbonated water and increasing knowledge of the consumption of water in affluent parts of the world.
Nevertheless, higher bottled water costs could prevent market growth. On the other hand, a growing understanding of the benefits and choice of bottled water is anticipated to play an important role in active living. Industries like PepsiCo Inc. have introduced premium boiler water in order to fuel customers ' interest in healthy drinks. In the forecast timeframe, the customer is expected to become aware of the health benefits of bottled water consumption. Moreover, higher per capita consumption and rapid urbanization will also fuel demand for products over the expected timeframe.
The global premium bottled water market can be fragmented based on type, distribution channel, and geography. Based on type, the global premium bottled water market is segmented into flavored and unflavored. Based on the distribution channel the global premium bottled water market is categorized into supermarkets, convenience stores, departmental stores, and others. On the basis of geography, the global premium bottled water market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Major countries such as the United States, Germany, Canada, France, UK, China, Japan, India, Mexico, Brazil, Saudi Arabia, and others are included in the report study.
Major players of the global premium bottled water market Danone, Pepsico, Nestle, Hangzhou Wahaha Group Co. Ltd., Nestlé Waters, The Coca Cola Company, Natural Waters of Viti Ltd., PepsiCo Inc., Mountain Valley Spring Company, and Dasani and Icelandic Glacial Inc. among others.
This report segments the premium bottled water market as follows:
Global Premium Bottled Water Market: By Type Segmentation Analysis (Customizable)
Global Premium Bottled Water Market: By Distribution Channel Segmentation Analysis (Customizable)
Global Premium Bottled Water Market: Regional Segmentation Analysis (Customizable)
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