The North America Bottled Water Market would witness market growth of 12.6% CAGR during the forecast period (2020-2026).
Bottled water is portable and it is very handy and convenient to use, hence supporting the growth of the market. However, tap water which is a low priced substitute for the bottled water poses hindrance to the market growth of Bottled water market. The demand for bottled water has increased in the past few years, due to rising health and wellness concerns. Beverage companies are focused on enhancing their packaging due to rising environmental concerns. For example, Coca-Cola has shrinked the size of caps in bottles that are 24 ounces or smaller with an aim to decrease the plastic intake by the company.
Bottled water companies are focused to bring a variety of products in the market such as flavored and functional water. The demand for bottled water is also increasing due to the increasing concerns about obesity. Carbonated water can cause digestive issues, heartburn, weight gain, etc. that are why consumers are shifting towards low-calorie flavored water and functional water. Flavored water is natural and purified mineral water having added flavors. Functional water has additional functional value in the form of oxygen, vitamins, minerals, and botanicals.
Based on Product, the market is segmented into purified water, mineral water, spring water, sparkling water, distilled water, and other products. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nestle S.A., PepsiCo, Inc., The Coca Cola Company, Danone S.A., Primo Water Corporation, Otsuka Pharmaceutical Co., Ltd., VOSS of Norway AS (Reignwood Group), Gerolsteiner Brunnen GmbH & Co. KG, Bisleri International Pvt. Ltd., and FIJI Water Company LLC.
Scope of the Study
Market Segments covered in the Report:
- Purified Water
- Mineral Water
- Spring Water
- Sparkling Water
- Distilled Water
- Other Products
- Rest of North America
- Nestle S.A.
- PepsiCo, Inc.
- The Coca Cola Company
- Danone S.A.
- Primo Water Corporation
- Otsuka Pharmaceutical Co., Ltd.
- VOSS of Norway AS (Reignwood Group)
- Gerolsteiner Brunnen GmbH & Co. KG
- Bisleri International Pvt. Ltd.
- FIJI Water Company LLC
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