The North America bottled water market is projected to reach CAGR of 3.82 % over the forecast period.
Increasing demand from the rising population and the easy portability and convenience provided by bottled water is the major factor driving the market.
Rising trend for healthy lifestyles and wide utilization of bottled water for activities, such as trekking and other sports activities, are the major factors responsible for the high demand of bottled water.
Moreover, the increasing demand for eco-friendly packaging of bottled water is creating lucrative market opportunities for the existing manufacturers and new entrants in the market.
Key Market Trends
United States Holds the Maximum Share in the Market
In United States bottled water industry is highly influenced by consumer preference for pollution-free water with high health benefits. Changing lifestyles, health concerns, ease of handling, and portability of bottled water are driving the market. Moreover, consumers in the United States have started to develop interest in beverages that deliver benefits above and beyond simple refreshment, which is also contributing to the expansion of the functional water market. Amid worries about obesity and other health concerns in the country, functional water’s lack of calories and artificial ingredients attract conscientious consumers.
On-Trade Channel Drives the Market
The rising disposable incomes and changing lifestyles of the consumers have increased the trend of dining out. Such factors have fueled the expansion of food service establishment across various developed and developing countries, due to which the sales of bottled water has seen a boost through this channel. Additionally, consumers perceive that the on-trade channels comply with the regulations and are termed to be of high quality. Owing to such factors, food service witnessed a high sales and it is expected to continue to grow in the future with the growing food service industry. Furthermore, the sales of the still water is increasing through these channels compared to sparkling water, owing to a rising awareness regarding carbonated water and healthy lifestyles.
Competitive Landscape
The North America bottled water market is highly fragmented attributed to the major and local players dominating the market. Some of the prominent players in the market include Danone, Coca-Cola, Pepsico, and Nestle. The regional or domestic companies have been marketing their products with strategies, such as sponsorship and significant investment in advertisements.
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Increasing demand from the rising population and the easy portability and convenience provided by bottled water is the major factor driving the market.
Rising trend for healthy lifestyles and wide utilization of bottled water for activities, such as trekking and other sports activities, are the major factors responsible for the high demand of bottled water.
Moreover, the increasing demand for eco-friendly packaging of bottled water is creating lucrative market opportunities for the existing manufacturers and new entrants in the market.
Key Market Trends
United States Holds the Maximum Share in the Market
In United States bottled water industry is highly influenced by consumer preference for pollution-free water with high health benefits. Changing lifestyles, health concerns, ease of handling, and portability of bottled water are driving the market. Moreover, consumers in the United States have started to develop interest in beverages that deliver benefits above and beyond simple refreshment, which is also contributing to the expansion of the functional water market. Amid worries about obesity and other health concerns in the country, functional water’s lack of calories and artificial ingredients attract conscientious consumers.
On-Trade Channel Drives the Market
The rising disposable incomes and changing lifestyles of the consumers have increased the trend of dining out. Such factors have fueled the expansion of food service establishment across various developed and developing countries, due to which the sales of bottled water has seen a boost through this channel. Additionally, consumers perceive that the on-trade channels comply with the regulations and are termed to be of high quality. Owing to such factors, food service witnessed a high sales and it is expected to continue to grow in the future with the growing food service industry. Furthermore, the sales of the still water is increasing through these channels compared to sparkling water, owing to a rising awareness regarding carbonated water and healthy lifestyles.
Competitive Landscape
The North America bottled water market is highly fragmented attributed to the major and local players dominating the market. Some of the prominent players in the market include Danone, Coca-Cola, Pepsico, and Nestle. The regional or domestic companies have been marketing their products with strategies, such as sponsorship and significant investment in advertisements.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- PepsiCo
- The Coca-Cola Company
- Nestle SA
- Fiji Water
- National Beverage Corp.
- Voss Water
- Danone
- Chitos S A
Methodology
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