SAN FRANCISCO, Feb. 2, 2021
SAN FRANCISCO, Feb. 2, 2021 /PRNewswire/ -- The global bottled water market size is expected to reach USD 505.19 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 11.1% from 2021 to 2028. The growing awareness regarding the adverse health effects of consuming sugary drinks, such as weight gain, obesity, diabetes, and heart disease, is supporting the consumption of alternative beverages, such as still and sparkling water.
Key suggestions from the report:
Read 80 page research report with ToC on "Bottled Water Market Size, Share & Trends Analysis Report By Product (Purified, Mineral, Spring, Sparkling, Distilled), By Region (North America, Asia Pacific, Europe, CSA, MEA), And Segment Forecasts, 2021 - 2028" at: https://www.grandviewresearch.com/industry-analysis/bottled-water-market
The growth of the market is primarily attributed to rising awareness regarding the importance of hydration. According to a study conducted by the International Bottled Water Association in 2018, it was revealed that 93% of American citizens want bottled water to be sold in most stores selling beverages. A substantial part of the population prefers to quench their thirst using bottled water over other beverages.
Increasing preference for nutrient-fortified water is trending owing to the rising importance of health and wellness among buyers. The water demand has been increasing among travelers, working professionals, and for use in households.
COVID-19 has impacted the market for bottled water as many quick-service restaurants have been witnessing a significant drop in their sales. For instance, according to a blog post by CNBC LLC, McDonald's had witnessed a decline of 22% in March compared to the previous month. COVID-19 compelled the company to shut down its dining rooms.
Grand View Research has segmented the global bottled water market on the basis of product and region:
List of Key Players of Bottled Water Market
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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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