Sparkling Bottled Water Market

Sparkling Bottled Water Market Growth and Forecast (2022-2027):

According to the research report, the global sparkling bottled water market is expected to experience healthy growth rate in the near future. The market is likely to experience moderate growth to record a CAGR of 3.2% throughout the forecast period 2022 - 2027.

Market Overview:

Sparkling Bottled Water is a refreshing drink and an excellent alternative to carbonated and alcoholic beverages. It's known by a different name, such as carbonated water, sparkling water, mineral water, or seltzer water. It not only helps you stay hydrated but also helps improve your health in several other ways, including digestion to improve your ability to swallow, triggers a feeling of satiety faster, relieves constipation, improves bone and heart health. Carbon dioxide and water chemically react to form carbonated water PH vary from 3-4. The expansion of distribution networks and channels and the emergence of the calorie-free variant should drive growth in the world market in the coming years.

Recent Developments in Sparkling Bottled Water Industry:

• In May 2012, Nestlé Waters acquired Sparkling Spring Mineral Water Co., a leading distributor of home and office products in the Great Lakes region. Nestlé Waters strengthens its leadership position in the North American market. The acquisition offers Nestlé Waters significant synergy opportunities.
• In November 2019, Coca-Cola will launch a sparkling water brand called AHA in early 2020. Soft drink consumption in the United States is declining as consumers turn to healthier alternatives, such as sparkling water or mineral water. PepsiCo expects its Bubly-flavored sparkling water brand to become one of its next billion-dollar brands.
• On March 7, 2019, one of the world's largest manufacturers of sparkling bottled water "PepsiCo" and its subsidiary "Frito Lay" announced a new product line from the snack division that offers poppable snacks in four energizing flavors, Doritos and Cheetos. Featuring a burst of intensity and crunch with each bite, these flavor shots come in a convenient, ready-to-use package - the consumer can get a quick boost and move on through the day.
• PepsiCo agreed to acquire SodaStream, the countertop soda water maker for $ 3.2 billion, the latest snack and beverage giant initiative to add healthier products to its portfolio and promote a greener program. The deal for $ 144 per share in cash, represents a 32% premium to SodaStream's 30-day volume-weighted average price.

REPORT COVERAGE:

Drivers and Restraints:

The increasing demand for Sparkling bottled water among the health-conscious population and the growing trend of consumers as a healthy alternative to Sparkling beverages are some of the main factors estimated to encourage growth in the world Sparkling Bottled Water Market during the forecast period.

Furthermore, the increasing number of obesity cases, particularly among children, is supposed to accelerate growth in the global Sparkling Bottled Water Market in the coming years. Furthermore, the introduction of new flavors of sparkling bottled water should contribute significantly to market development. The Sparkling Bottled Water trend is a microcosm of a much larger trend in the soft drink industry. The trend is for an increasing number of health-conscious consumers and a significant shift towards healthy and nutritious drinks. This is demonstrated by the fact that the leading players in the soft drink industry are in the process of developing their portfolio to include Sparkling Bottled Water, which therefore acts as an essential factor in the growth of water with gas.

The Sparkling Bottled Water Market is slowly taking over the soft drink market share, as sparkling water boasts of a sugar-free and calorie-free label, but presents itself as a unique bottled drink for consumers. The fact that major players are also developing new strategies to promote and market their products as healthy beverages to enhance their health-conscious consumer base is a reliable growth indicator for the growth of the water market. Brilliant health-conscious consumers are looking for healthier alternatives in the beverage market, and Sparkling Bottled Water is becoming a healthy and refreshing choice for consumers in the soda market.

Regional Share Insights into the Sparkling Bottled Water Market:

Among all the regions, in North America, the sparkling water market is growing exponentially. The introduction and promotion of Sparkling Bottled Water by major players ultimately force regional and local players to extend their portfolio to comprise Sparkling Bottled Water in order to face immense competition in the market. In Latin America, the beverage giants are investing in the Sparkling Bottled Water market through acquisitions of major sparkling water brands, indicating consumer demand and the immense potential of the sparkling water market in this region.

Europe is also in a growth phase in the sparkling water market and offers innovations such as the launch of equipment with CO² taps, aimed at converting ordinary water into sparkling water. In the Asia-Pacific region, rapid industrialization and rising disposable incomes have drawn attention to the Sparkling Bottled Water market, and significant growth is also assumed from Japan during the projection period. Consumer demand for innovative sparkling products along with a hot and arid climate is foreseen to spur growth in the Sparkling Bottled Water market in the Middle East and Africa.

Sparkling Bottled Water Market Segmentation Analysis:

Based on Product:                      

• Unflavoured           
• Flavoured

Based on Distribution channel:

• Supermarkets        
• On-trade  
• Independent retailers        
• Convenience stores 

Geographical Segmentation Analysis:

• North America - the United States and Canada
• Europe - United Kingdom, Spain, Germany, Italy, and France
• The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
• Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
• The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Impact of COVID-19 on Sparkling Bottled Water Market:

COVID-19 will continue to impact the food industry and its supply chains. Meeting short-term demands shouldn't be a major challenge for most companies in the food industry, but industry experts and analysts have expressed a lack of clarity on the degree and extent of the impact sprouts. Many companies have launched contingency plans to build in-depth supply chain facilities across the country. Food retailers remain committed to preserving local supplies to combat the danger of interregional transportation bans. Food manufacturers with services in other countries have begun working with local suppliers to keep products moving and overcome potential ingredient shortages. There will surely be lasting changes in the way we live, work, and eat after we overcome the Coronavirus pandemic. The F&B culture that had flourished over the past decades will have to see new challenges with the slowdown of the Coronavirus, such as recovering from losses and a preference for ordering food online.

Leading Company

Nestle had the largest share of the Nestle Market in terms of sales and revenue in 2019.

Key Players in the Market:

Major Key Players in the Global Sparkling Bottled Water Market are

• Coca-Cola
• Nestle
• Jarritos Mineragua Club Soda
• La Croix Sparkling Water
• Perrier Sparkling Natural Mineral Water
• Voss Sparkling
• San Pellegrino Sparkling Mineral Water
• PepsiCo
• Ferrarelle Acqua Minerale
• Q Club Soda
• Schweppes Club Soda