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According to a new report Global Bottled Water Market, published by KBV research, The Global Bottled Water Market size is expected to reach $403.5 billion by 2026, rising at a market growth of 14.1% CAGR during the forecast period.
The Purified Water market dominated the Global Bottled Water Market by Product in 2019. The sparkling water segment is expected to grow at a prominent CAGR over the forecast period. Sparkling water is also termed as sparkling mineral water & sparkling drinking water. Sparking water has same percentage of carbon dioxide as its source after the purification process. The markets of the US, France, Canada, Germany, & the UK significantly increase the segment’s demand.
In 2019, The Asia Pacific acquired the largest revenue share of the global bottled water market. The region is expected to maintain the same position during the forecast years. Consumption of contaminated water causes various health problems, as a result, consumers are willing to purchase bottled water, which is further expected to drive the growth of the regional market. The growth of regional market is also fueled by the shifting water consumption patterns, increase in retail stores, and launch of innovative products. The Europe market is showcasing a CAGR of 13.7% during (2020 - 2026). Additionally, The North America market is estimated to grow at a CAGR of 12.6% during (2020 - 2026).
Full Report: https://www.kbvresearch.com/bottled-water-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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