Bottled Water Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Bottled Water Market is estimated to be USD 170 billion in 2016 and predicted to rise to USD 255.62 billion by 2021with a CAGR of 8.5%. The market is segmented by product type( Still water, carbonated water, flavored water and functional water), by packaging ( PET bottles, glass bottles and others) , by distribution channel ( supermarket, convenience/drug stores, grocery stores and others) . Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The growing number of educated and health conscious people are increasing thereby creating a heightened demand for hygienic food and drinks. As the demand for clean and hygienic water is increasing, the demand for bottled water will also increase. The growing demand for convenient, safe, healthy and refreshing drinks from health conscious consumers will continue to drive the growth prospects of the bottled water market. A rise in healthcare awareness about waterborne diseases such as malaria, typhoid, diarrhea, food poison is further driving the market. Moreover, bottled water is more portable and convenient to use as it is handy, thus supporting the market growth. However, the lower cost of tap water as compared to bottled water is one of the major restraints of the market. Stringent regulations for the approval of bottled water and the presence of harmful chemical bisphenol can further hamper the growth.
The market for Bottled Water is broadly categorized into product type, packaging and distribution channel. By product type the market is further classified into Still water, carbonated water, flavored water and functional water. The market is dominated by still bottled water due to the rising number of health conscious people. Flavored bottled water has witnessed large scale adoption in the bottled water market. By packaging the market is further analyzed under PET bottles, glass bottles and others. By distribution channel the market is further segmented into supermarket, convenience/drug stores, grocery stores and others.
On the basis of geography, the global market is analyzed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Bottled Water market was dominated by North America. It is expected that regions like Asia Pacific and Latin America will grow at a high CAGR.
Key players operating in bottled water industry include Nestlé Waters, Hangzhou Wahaha Group Co., Ltd., The Coca Cola Company, Danone, PepsiCo Inc., Natural Waters of Viti Ltd., Icelandic Glacial Inc., Mountain Valley Spring Company, and Dasani.
Browse through the full report at https://www.marketdataforecast.com/market-reports/bottled-water-market-7044/
and checkout our recent reports in the Processed Food category at https://www.marketdataforecast.com/subcategory/processed-food-15/
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