Packaged Water Market Size, Share & Trends Analysis Report
The
global Packaged Water Market is anticipated to reach USD
470.0 billion by 2025, according to a new report by Grand View Research, Inc.
increasing health awareness, and rising disposable income are the key factors
that are driving the market growth.
The
increasing health awareness is driving people to add nutrition in their diet.
Factors such as poor quality of tap water, risk of water borne diseases, and
ease of availability of packaged water has increased the demand for packaged
water. Companies have positioned and advertised packaged water as pure and
healthy option; therefore, fueling market growth. In addition, the launch of
new products such as flavored water and functional water has increased the urge
of customers to prefer such drinks than carbonated drinks. Flavored water and
functional water contain certain amount of nutrients that help people intake
more fluids. Consumption of bottled water has increased over the last decade as
US sales of carbonated soft drinks, particularly colas, have steadily declined.
The decline is mainly driven by consumer concerns about soda sugar content and
increased awareness of obesity and diabetes rates, as well as perceived health
risks associated with some artificial sweeteners.
Presence
of untapped opportunities in emerging countries such as Brazil and Mexico are
expected to propel the growth of packaged water market during the forecast
period. Rise in consumer awareness and adoption of healthy practices in the
region are key contributors to the market growth in these regions.
Further
Key Findings From the Study Suggest:
- Still water held the
largest position with a share of about 60.0% in 2016 and is anticipated to
maintain its position over the forecast period. Flavored water are
expected to gain momentum over the forecast period owing to the increasing
health awareness and the need for healthy diet intake.
- Asia Pacific dominated the
global packaged water market in 2016. Rise in consumer awareness and
adoption of healthy practices in the region are key contributors to the
market growth in this regions.
- The major players of the
market include, Nestle Waters, Coca-Cola Company, PepsiCo Inc., Suntory
Holdings, and Danone. Various strategies are adopted by these players to
maintain their market share.
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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