Market Research Report
Packaged Water Market Size, Share & Trends Analysis Report By Product (Still, Carbonated, Flavored, Functional), By Region (North America, Europe, Asia Pacific, Latin America, MEA) And Segment Forecasts, 2014 - 2025
|Published by||Grand View Research, Inc.||Product code||615521|
|Published||Content info||66 Pages
Delivery time: 1-2 business days
|Packaged Water Market Size, Share & Trends Analysis Report By Product (Still, Carbonated, Flavored, Functional), By Region (North America, Europe, Asia Pacific, Latin America, MEA) And Segment Forecasts, 2014 - 2025|
|Published: January 29, 2018||Content info: 66 Pages||
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.