by The U.S. Bottled Water Market is estimated to be valued at US$ 22,175.71 million in 2021 and is expected to exhibit a CAGR of 8.42% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The U.S. bottled water market refers to the commercial production, packaging, and distribution of drinking water in various sizes and forms. It includes bottled spring water, purified water, and mineral water. With the rising health consciousness among consumers and the convenience of on-the-go consumption, bottled water has gained significant popularity. The market offers a wide range of products with different mineral compositions, flavors, and packaging options to cater to diverse consumer preferences. The market is dominated by key players such as Nestle Waters, PepsiCo, Inc., The Coca-Cola Company, Groupe Danone, Suntory Beverage & Food Ltd, Mountain Valley Spring Company, LLC, and CG Roxane, LLC.
Market Dynamics:
The U.S. bottled water market is primarily driven by the increasing health consciousness among consumers. With growing concerns regarding water contamination and the desire for safe and clean drinking water, consumers are inclined towards bottled water as a healthier alternative. Additionally, the busy and fast-paced lifestyle of the population fuels the demand for on-the-go beverages, including bottled water.
Furthermore, the market is poised to witness significant growth due to the presence of a variety of flavors and mineral compositions in bottled water products. Manufacturers are continuously innovating and introducing new flavors and enhanced functionalities in bottled water to attract consumers. This wide range of product options drives consumer interest and boosts market growth.
Overall, the U.S. bottled water market is expected to experience high growth in the forecast period, driven by increasing health consciousness and the convenience of on-the-go consumption
Segment Analysis:
The U.S. Bottled Water Market can be segmented based on product type, packaging, distribution channel, and region. Among these segments, the flavored water sub-segment dominates the market. Flavored water is gaining popularity among consumers due to its refreshing taste and various flavors available in the market. The demand for flavored water is also driven by health-conscious consumers who prefer low-calorie and sugar-free beverages. Additionally, flavored water is often marketed as an alternative to carbonated soft drinks, which attracts a larger consumer base. Therefore, the flavored water sub-segment holds a dominant position in the U.S. bottled water market.
PEST Analysis:
Political: The political environment in the U.S. has been supportive of the bottled water industry, with regulations ensuring the safety and quality of water products.
Economic: The growing disposable income of consumers and their increasing preference for healthy beverages contribute to the growth of the bottled water market.
Social: Changing consumer lifestyles, health consciousness, and the need for convenient hydration options drive the demand for bottled water.
Technological: Technological advancements in packaging and purification processes have improved the quality and shelf life of bottled water, further boosting its market growth.
Key Takeaways:
The U.S. Bottled Water Market Demand is expected to witness high growth, exhibiting a CAGR of 8.42% over the forecast period (2022-2030). This growth can be attributed to the increasing awareness among consumers about the health benefits of consuming bottled water and the shift towards healthier beverage choices.
Among the regional analysis, the fastest growing and dominating region in the U.S. bottled water market is the West Coast. The West Coast region has a large population base and a high demand for bottled water due to its warm climate and frequent drought conditions. The region also has a strong preference for health and wellness products, which further drives the demand for bottled water.
Key players operating in the U.S. bottled water market include Nestle Waters, PepsiCo, Inc., The Coca-Cola Company, Groupe Danone, Suntory Beverage & Food Ltd, Mountain Valley Spring Company, LLC, and CG Roxane, LLC. These key players have a strong market presence and offer a wide range of bottled water products to cater to the diverse consumer demands in the U.S. market.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Ravina Pandya, a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals.
