Market Overview
The global U.S. Bottled Water Market is estimated to be valued at USD 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. The market is experiencing significant growth due to increasing consumer demand for bottled water as a convenient and healthy hydration option. With rising health consciousness and concerns regarding water contamination, consumers are opting for bottled water as a safer alternative. However, the market faces obstacles such as environmental concerns related to plastic waste and increasing regulations on the usage of single-use plastics.
Market key trends
One key trend in the U.S. Bottled Water Market is the growing popularity of premium and flavored bottled water. Consumers are increasingly seeking unique and enhanced flavors in their beverages, and this trend has extended to the bottled water segment. Companies are introducing fruit-infused and flavored variations of bottled water to cater to consumer preferences. For example, Nestle Waters recently launched its sparkling flavored water range, leveraging consumer demand for innovative and refreshing hydration options.
Segment Analysis
The U.S. Bottled Water Market is segmented based on the type of water, including spring water, purified water, mineral water, sparkling water, and others. Among these segments, purified water dominates the market. Purified water undergoes extensive filtration processes to remove impurities and contaminants, making it a popular choice among health-conscious consumers. The segment’s dominance can be attributed to its wide availability, affordability, and perceived higher quality compared to tap water.
Key Takeaways
The global U.S. Bottled Water Market is expected to witness high growth, exhibiting a CAGR of 8.42% over the forecast period. This growth is driven by increasing health consciousness among consumers and concerns regarding water contamination. The convenience and safety offered by bottled water make it a preferred choice for hydration.
In terms of market size, the U.S. Bottled Water Market is expected to reach a value of USD X billion/million by 2022. This growth is fueled by the increasing demand for bottled water as a healthier alternative to sugary beverages. Consumers are becoming more aware of the negative health effects of sugary drinks, leading to a shift towards bottled water.
Regionally, North America is the fastest-growing and dominating region in the U.S. Bottled Water Market. The region’s market growth can be attributed to the high disposable income, growing health consciousness, and easy availability of bottled water. In North America, the United States holds the largest market share, followed by Canada.
Key players operating in the global 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 companies play a significant role in driving market growth through extensive product offerings, marketing strategies, and distribution networks. They continue to innovate and introduce new variants of bottled water to cater to evolving consumer preferences.
