Latin America Bottled Water Market was worth USD 23.12 billion in 2021 and estimated to be growing at a CAGR of 8.9%, to reach USD 34.82 billion by 2026. Bottled water is packaged drinking water that is purified and free from contamination. It is available in plastic and glass water bottles. It is very easily accessible and priced at an affordable cost making it one of the convenient sources of water.
Drivers and Restraints of Latin America Bottled Water Market:
The growing number of educated and health-conscious people is 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 growth.
Latin America Bottled Water Market - By Product Type:
Still water
Latin America Bottled Water Market - By Packaging:
Latin America Bottled Water Market - By Distribution Channel:
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.
Geographical Analysis:
On the basis of geography, the market is analyzed under various regions namely
Key Players:
Key players operating in the bottled water industry include
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