The Asia Pacific Bottled Water Market would witness market growth of 14.9% CAGR during the forecast period (2020-2026). Bottled water is considered as the most convenient source of water as it is accessible in several convenient packages, which help consumers to carry them easily. These water bottles are handy and suitable for on-the-go usage. Additionally, they are easily available in the retail and departmental stores, which supports the growth of the bottled water industry.
The bottled water market is likely to show promising growth during the forecast period. It is attributed to factors like changing lifestyle patterns of consumers as they prefer convenient sources of water and food that would save their time. Though, strict regulations for the approval of bottled water and easy & low-cost availability of bottle water are major factors that may hinder the market growth. Furthermore, the utilization of plastic bottles causes harmful effects as there is the presence of chemicals like bisphenol A (BPA) that can result in neurological diseases and behavioural issues among children.
Consumers have become more concerned about obesity, & a surge in public awareness about health issues in developing countries like China, India, and Indonesia will positively impact the bottled water market. Consumers are choosing healthier drinks instead of sugary carbonated ones. This shift will contribute to the growth of bottled water market in the upcoming years. The demand for bottled water is boosted by the apprehension to catch disease after drinking contaminated tap water. The bottle water market is largely driven by the increasing healthcare awareness about waterborne diseases like diarrhea, food poisoning, typhoid, and others. Companies are developing various types of products, which is creating new growth opportunities. For example, Pepsi launched new sparkling Aquafina flavored waters in order to meet the rising demand of flavored and functional water.
Based on Product, the market is segmented into purified water, mineral water, spring water, sparkling water, distilled water, and other products. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Bottled Water Market in Asia Pacific is expected to register a CAGR of 14.9% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nestle S.A., PepsiCo, Inc., The Coca Cola Company, Danone S.A., Primo Water Corporation, Otsuka Pharmaceutical Co., Ltd., VOSS of Norway AS (Reignwood Group), Gerolsteiner Brunnen GmbH & Co. KG, Bisleri International Pvt. Ltd., and FIJI Water Company LLC.
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