Premium Bottled Water Market 2023 | Share, Trends, Growth and Forecast Till 2028
IMARC Group, a leading market research company, has released a report titled “Premium Bottled Water Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. The global premium bottled water market size reached US$ 14.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 21.6 Billion by 2028, exhibiting a growth rate (CAGR) of 6.6% during 2023-2028.
Premium bottled water is a high-quality beverage specifically engineered to offer a superior level of purity, taste, and mineral content compared to regular bottled water. This type of water often undergoes rigorous filtration processes, such as reverse osmosis, distillation, or carbon filtering, to ensure exceptional purity. It may also be sourced from exotic locations like natural springs, glaciers, or underground aquifers. It is often packaged in aesthetically appealing bottles made from high-quality materials like glass or BPA-free plastic. These characteristics make premium bottled water an ideal hydration choice and a lifestyle statement. As a result, premium bottled water is rapidly gaining popularity in high-end restaurants, luxury hotels, and among consumers who prioritize health and wellness, creating a distinct market segment within the larger bottled water industry.
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Premium Bottled Water Market Trends and Drivers:
The global premium bottled water market is primarily driven by the increasing consumer focus on health and wellness, which has led to a shift toward high-quality hydration options. This is further complemented by the growing disposable income levels globally, making premium products more accessible to a broader range of consumers. Moreover, the advent of flavored and fortified premium bottled water varieties, which offer added nutrients and health benefits, is expanding the consumer base and thus catalyzing market growth. Additionally, the rising trend toward sustainability is positively influencing market growth, as many premium bottled water brands are adopting eco-friendly packaging and responsible sourcing practices.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Product:
- Spring Water
- Sparkling Water
- Mineral Water
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Stores
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Alpine Glacier Water Inc.
- Berg Water
- Beverly Hills Drink Company
- Bling H2O
- Blvd Water
- Danone S.A.
- Gerolsteiner Brunnen GmbH & Co. KG
- Lofoten Arctic Water AS
- MINUS 181 GmbH
- NEVAS GmbH
- Roiwater
- Uisge Source Inc.
- Veen.
Explore full report with table of contents: https://www.imarcgroup.com/premium-bottled-water-market
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