Bottled Water Market Size

Market Outlook:

Bottled Water Market surpassed USD 329.09 Billion in 2023 and is predicted to exceed USD 555.99 Billion by end of the year 2032, witnessing more than 6% CAGR between 2024 and 2032.

• Base Year Value (2023): USD 329.09 Billion
• CAGR (2024-2032): 6%
• Forecast Year Value (2032): USD 555.99 Billion
• Historical Data Period: 2019-2023
• Largest Region: Asia Pacific
• Forecast Period: 2024-2032

Market Dynamics:

Growth Drivers & Opportunity:

Increasing health consciousness among consumers is driving the growth of the bottled water market. Consumers are increasingly seeking healthier alternatives to sugary sodas and other beverages, leading to a surge in demand for bottled water.

Growing urbanization and a shift towards on-the-go lifestyles are also fueling the growth of the bottled water market. As people become busier and more mobile, they are opting for convenient and portable hydration options like bottled water.

Rising disposable incomes in developing countries are creating opportunities for the bottled water market to expand. As consumers in these regions become more affluent, they are able to spend more on premium bottled water products.

Industry

Report Scope

Report Coverage	Details
Segments Covered	Product, Packaging, Distribution Channel
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	Nestlé, PepsiCo, The Coca-Cola Company, DANONE, Primo Water, FIJI Water Company LLC, Gerolsteiner Brunnen & Co. KG, VOSS WATER, Nongfu Spring, National Beverage Corp., Keurig Dr Pepper

Environmental concerns surrounding single-use plastic bottles are a major restraint for the bottled water market. The industry is facing increasing backlash over the environmental impact of plastic waste, prompting calls for more sustainable packaging solutions.

Intense competition from other beverage categories such as energy drinks, sports drinks, and functional beverages is Furthermore, a primary hindrance for the bottled water market. With a wide range of alternative beverage options available to consumers, bottled water brands must work harder to differentiate themselves and capture market share.