The North America Premium Bottled Water Market would witness market growth of 5.4% CAGR during the forecast period (2021-2027).
Drinking water is easily available at most places, still people feel it is more convenient as well as important to carry bottled water while traveling. It is necessary to have a certain amount of water on a routine basis to maintain the proper functioning of the body. Since many consumers are being busy at offices, which usually distract the need and do not let the body get enough amount of water. This situation can easily be overcome by carrying a bottle of water which would lead to better water consumption habits.
Also, consumption of sufficient amount of pure water may help in removing the toxins from body by the way of sweat & urination which would further reduce the risk of kidney stone and urinary tract infections. It is considered good for keeping the skin moisturized, fresh, smooth as well as glowing. Even it may be beneficial in anti-aging treatment and help in getting rid from wrinkles.
The marketing and manufacturing of bottled water products in the United States is regulated by food & drug administration (FDA). FDA has set some standards to be matched by the bottled water providing companies under the federal food, drug & cosmetic act. The FDA has defined certain regulations including standard of identity (regulations that define types of bottled water), the standard of quality (regulations setting maximum levels of contaminants) and current good manufacturing practice (regulations arising need to ensure that bottled water is safe and produced under sanitary conditions), which would contribute to the enhanced quality of premium bottled water.
All these regulations encourage the companies to match the possible purity & safety standards. This further increases the consumer adoption of bottled water by ensuring that the product available for them is safe.
The US market dominated the North America Premium Bottled Water Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $5,235 Million by 2027. The Canada market is anticipated to grow at a CAGR of 7.8% during (2021 - 2027). Additionally, The Mexico market would display a CAGR of 6.9% during (2021 - 2027).
Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Specialty Stores, Online, and Other. Based on Product, the market is segmented into Mineral Water, Spring Water, Sparkling Water, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Premium Bottled Water Market is Estimated to reach $24.6 Billion by 2027, at a CAGR of 5.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include include Lofoten Arctic Water AS, ROI water, Berg Water (2001 Investments Limited Company), Uisge Source, VEEN, NEVAS GMBH, and Beverly Hills Drink Company.
By Distribution Channel
By Product
By Country
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