The global spring water market is envisioned to garner $465.2 billion by 2031, growing from $210.7 billion in 2021 at a CAGR of 8.7% from 2022 to 2031.
The rise in awareness about different health problems caused by polluted water, such as neurological disorders, gastrointestinal ailments, and reproductive issues, drives demand for clean and hygienic water. Water is protected against bacterial contamination if it is correctly packed, regardless of storage time. Consumers are shifting toward safe, healthful, and refreshing beverages that are low in calories, caffeine, and preservatives. Rise in cases of various health issues such as gastrointestinal diseases, neurological disorders, and reproductive problems caused by drinking contaminated water is expected to offer ample growth opportunities to spring water market during the forecast period.
Spring water is costlier than tap water, which limits its use among low-income individuals. This aspect is expected to stifle market expansion. It is not a cost-effective choice, as it sometimes has no discernible difference from tap water and may be of same or lower quality. These factors are expected to restrain market expansion during the forecast period.
Better technology and methods for lowering manufacturing time are likely to drive market expansion during the forecast period. For example, Clear Water Manufacturing, a bottled water manufacturing company based in North Carolina, introduced a machine in June 2018 that can filter, fill, and cap more than 300 bottles of water per one-hour cycle on-site at any location such as campuses, hotels, stadiums, or in retail spaces. As a result, technological improvement is likely to drive market expansion.
The COVID-19 pandemic brought several uncertainties leading to severe economic losses as various businesses across the world were on a standstill. There were import-export restrictions laid down on major Spring Water producing countries such as the U.S. and China, which imposed significant challenges on the market. Owing to the COVID-19 pandemic, several companies, especially the consumer products industry, experienced unprecedented challenges. The spring water market was harmed by a scarcity of raw materials & personnel, factory closures, and other operational challenges caused by COVID-19 safety measures. The lockdown had a significant influence on the supply and production of Spring Water, limiting the market's expansion. However, vaccination initiatives, on the other hand, increased commercial activity globally.
The key players profiled in this report include Orient Beverages Pvt. Ltd. (Bisleri International Pvt. Ltd.), CG Roxane, LLC, Nestle S.A., PepsiCo, Ten Spring Water, Coca-Cola (Valpre), Danone (Evian), 3 Spring Water, Mountain Valley Spring Water (Primo Water Corp.), and Tata Consumer Products Limited (Himalayan).
The rise in awareness about different health problems caused by polluted water, such as neurological disorders, gastrointestinal ailments, and reproductive issues, drives demand for clean and hygienic water. Water is protected against bacterial contamination if it is correctly packed, regardless of storage time. Consumers are shifting toward safe, healthful, and refreshing beverages that are low in calories, caffeine, and preservatives. Rise in cases of various health issues such as gastrointestinal diseases, neurological disorders, and reproductive problems caused by drinking contaminated water is expected to offer ample growth opportunities to spring water market during the forecast period.
Spring water is costlier than tap water, which limits its use among low-income individuals. This aspect is expected to stifle market expansion. It is not a cost-effective choice, as it sometimes has no discernible difference from tap water and may be of same or lower quality. These factors are expected to restrain market expansion during the forecast period.
Better technology and methods for lowering manufacturing time are likely to drive market expansion during the forecast period. For example, Clear Water Manufacturing, a bottled water manufacturing company based in North Carolina, introduced a machine in June 2018 that can filter, fill, and cap more than 300 bottles of water per one-hour cycle on-site at any location such as campuses, hotels, stadiums, or in retail spaces. As a result, technological improvement is likely to drive market expansion.
The COVID-19 pandemic brought several uncertainties leading to severe economic losses as various businesses across the world were on a standstill. There were import-export restrictions laid down on major Spring Water producing countries such as the U.S. and China, which imposed significant challenges on the market. Owing to the COVID-19 pandemic, several companies, especially the consumer products industry, experienced unprecedented challenges. The spring water market was harmed by a scarcity of raw materials & personnel, factory closures, and other operational challenges caused by COVID-19 safety measures. The lockdown had a significant influence on the supply and production of Spring Water, limiting the market's expansion. However, vaccination initiatives, on the other hand, increased commercial activity globally.
The key players profiled in this report include Orient Beverages Pvt. Ltd. (Bisleri International Pvt. Ltd.), CG Roxane, LLC, Nestle S.A., PepsiCo, Ten Spring Water, Coca-Cola (Valpre), Danone (Evian), 3 Spring Water, Mountain Valley Spring Water (Primo Water Corp.), and Tata Consumer Products Limited (Himalayan).
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the spring water market analysis from 2021 to 2031 to identify the prevailing spring water market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the spring water market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global spring water market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Distribution Channel
- Specialty Stores
- Online Retail
- Hypermarkets/Supermarkets
By Packaging Type
- Bottled
- Canned
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa,
- Saudi Arabia
- UAE
- Rest of LAMEA
Key Market Players
- Orient Beverages Pvt. Ltd.
- Nestle S.A.
- Pepsico, Inc.
- Ten Spring Water
- Danone
- 3 Spring Water
- Mountain Valley Spring Water
- Tata Consumer Products Limited
- CG Roxane, LLC
- Coca-Cola
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: SPRING WATER MARKET, BY PACKAGING TYPE
CHAPTER 5: SPRING WATER MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 6: SPRING WATER MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report titled, “Spring Water Market," the spring water market was valued at $210.70 billion in 2021, and is estimated to reach $465.2 billion by 2031, growing at a CAGR of 8.7% from 2022 to 2031.Water that comes from an underground aquifer is known as spring water. Aquifers are vast subsurface deposits of water that exist in some areas around the world. Spring water is a popular bottled water type. It is sourced from groundwater, which is water found underground in an aquifer at or below the earth's natural water table. The demand for nutrient-fortified water has been rising among customers, especially, among working professionals. Products with the labels alkaline, rich in electrolytes, and with additional hydrogen oxygen are gaining popularity across the world. Demand for bottled water boosted in the initial few months of Covid-19 pandemic as a result of consumers storing supplies in anticipation of lockdowns and shortages.
Water is collected near the opening of a spring as it naturally flows to the ground's surface. It can also be extracted straight from the earth using a borehole. This water is considered pre-purified since it has passed through natural filters such as limestone, sandstone, and clay. Once collected, it is examined and analyzed to ensure that it fulfils the Food and Drug Administration's (FDA) and Environmental Protection Agency's (EPA) stringent safety criteria (EPA). Finally, it is bottled and then it is ready for sale.
Spring water typically contains magnesium, potassium, calcium, and sodium, as well as trace amounts of iron and zinc. Water contains all minerals in their ionic state, which means they are more easily absorbed by the gastrointestinal tract than minerals found in foods and supplements. As a result, when combined with the reality of modern-day mineral depletion in land, drinking mineral-rich water becomes even more crucial to health.
Depending on the source, spring water has the most potassium, sodium, magnesium, and calcium. According to the World Health Organization, drinking magnesium and calcium-rich water may reduce the prevalence of heart disease & osteoporosis, and many reputable spring water manufacturers offer products that are low in sodium or sodium-free to avoid the potential complication of hypertension in sensitive populations.
The demand for spring water has increased as people become more aware of waterborne ailments such as, typhoid, dysentery, and food poisoning. Furthermore, as awareness of various health-related difficulties, such as neurological disorders, reproductive troubles, and gastrointestinal diseases develops, so does the demand for safe and clean spring water rises. This could help the spring water sector during the forecast period.
Chemical farming and modern industrialized agriculture are depleting the mineral content of soil. According to studies, there has been a major drop in critical vitamins, minerals, and other nutrients in both soil and produce, owing to chemical-based agriculture and over-farming. Drinking plastic bottled water poses some health risks. Owing to the high energy requirements for water extraction, processing, and bottling, environmentalists are increasing pressure on spring water bottle makers to change their production techniques. The environmental damage caused by improper spring water plastic bottle disposal adds another dimension to the problem and is expected to limit the spring water industry's future expansion.
Growing awareness of the therapeutic effects of mineral consumption, particularly spring water use, in the treatment of numerous gastrointestinal ailments has enhanced the prospects of the spring water sector. Healthy drinks are growing more popular among health-conscious people all around the world. This has prompted a move away from sugary and calorie-laden beverages. On the other hand, the health benefits of natural spring water have persuaded people to consume the goods to meet their daily hydration needs, which is increasing demand for spring water products.
The spring water market is segmented on the basis of packaging type, distribution channel, and region. By packaging type, the market is bifurcated into bottled and canned. By distribution channel, the market is classified into hypermarkets/supermarkets, specialty stores, and online retail. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in this report include Orient Beverages Pvt. Ltd. (Bisleri International Pvt. Ltd.), CG Roxane, LLC, Nestle S.A., PepsiCo, Ten Spring Water, Coca-Cola (Valpre), Danone (Evian), 3 Spring Water, Mountain Valley Spring Water (Primo Water Corp.), and Tata Consumer Products Limited (Himalayan). The major players in the market are actively engaged in the adoption of various strategies such as product launches and business expansion.
Key Market Insights
- By packaging type, the bottled segment emerged as the global leader in 2021 and canned segment is anticipated to be the fastest growing segment during the forecast period.
- By distribution channel, the specialty stores segment emerged as the global leader in 2021 and hypermarkets/supermarkets appliances segment is expected to show the fastest growth in the upcoming years.
- By region, the Europe market registered the highest market share in 2021 and Asia-Pacific is anticipated to show the fastest growth during the forecast period.
Companies Mentioned
- Orient Beverages Pvt. Ltd.
- Nestle S.A.
- Pepsico, Inc.
- Ten Spring Water
- Danone
- 3 Spring Water
- Mountain Valley Spring Water
- Tata Consumer Products Limited
- CG Roxane, LLC
- Coca-Cola
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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