Bottled Water Industry, Global Market Insights As Per TBRC’s Latest Report
Added: (Wed Jan 02 2019)
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The bottled water industry companies are basically involved in the water market, which includes purifying and bottling water, and then marketing and distributing it for commercial and personal use. Bottled water statistics constitute of both on-trade and off-trade consumption that include institutional and retail customers. Retail customer can purchase bottled water from different retail or food service formats. Institutional customers such as restaurants, offices and hotels purchase bottled water from wholesalers or distributors.
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The global bottled water market was valued at around $250 billion in 2017 and is expected to reach $350 billion in 2021, growing at a CAGR (compound annual growth rate) of around 10% during 2017-2021.
The Bottled Water Market, is segmented into Natural (Spring+Mineral - Still, Spring+Mineral - Sparkling) Bottled Water, Treated (Packaged Drinking Water - Still, Packaged Drinking Water - Sparkling, Flavored - Still, Flavored - Sparkling, Functional Water) Bottled Water. Out of these segments, Packaged Drinking Water -Still was the largest segment in the global bottled water market, with about 60% share of the market.
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Asia Pacific’s consumption value, which was the largest region for non-premium bottled water, contributed to more than 95%, whereas for premium bottled water, consumption share was less than 5%. Also, going by pack size, 1501 ml and above was the largest segment in the bottled water market in Asia-Pacific, with around 60% share of the market. The domestic bottled water consumption contributed to 98.5%, whereas imported bottled water consumption share was 1.5%.
Companies included in the report are Nestle Waters, Danone, Hangzhou Wahaha Group Co. Ltd. and the Coca Cola Company.
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