Bottled Water Market in APAC 2015-2019
About bottled water
Bottled water is one of the most profitable beverages in the beverage industry, and its consumption is growing rapidly. It contains drinking water obtained from various sources such as wells, springs, artesian wells, and the municipal water supply. The drinking water typically undergoes a purification process before being packaged in a plastic or glass bottle. Bottled water can be categorized into still water, flavored water, and sparkling water. Two main forms of bottled water are still and sparkling. Still water is similar to normal tap water. Sparkling water, also known as carbonated water, soda water, seltzer water, and fizzy water, is water that has been artificially carbonated.
Technavio's analysts forecast the bottled water market in APAC to grow at a CAGR of 12.21% and 9.46%, in terms of revenue and volume, over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the bottled water market in APAC for the period 2015-2019. To calculate the market size, the report considers revenue generated from the retail sales of bottled water.
Based on product types, the bottled water market in APAC can be classified into the following segments:
Technavio Announces the Publication of its Research Report – Bottled Water Market in APAC 2015-2019
Technavio recognizes the following companies as the key players in the Bottled Water Market in APAC: Danone, Nongfu Spring, Hangzhou Wahaha Group and Coca-Cola
Other Prominent Vendors in the market are: Asahi Soft Drinks, Aqua Gold, China Water & Drinks, Ito En, Nestlé. Crystal Geyser Water Company, Parle Bisleri, PepsiCo, Suntory Beverage & Food, and Ting Hsin International.
Commenting on the report, an analyst from Technavio’s team said: “several trends are emerging in the bottled water market in APAC that are expected to exert a positive influence on the market during the forecast period. One such trend is the increase in government regulations, which exerts pressure on vendors because they need to comply with the strict norms and laws.”
According to the report, growing consumer interest in health and wellness has driven the sales of bottled water in many countries in APAC. Although carbonated drinks are popular in big countries such as India and China, consumers are turning toward bottled water because of the functional benefits it offers and different features that have been emerging lately, thus creating more attractive options. Leading healthy and quality lifestyles is another reason why consumers in APAC are increasing their consumption of bottled water.
Further, the report states that the growth of the bottled water market in APAC is curtailed by certain serious challenges. One such challenge is the increase in the number of private label brands. This creates parity between branded water and private labels, forcing branded bottled water companies to reduce their product prices to remain competitive.
Danone, Nongfu Spring, Hangzhou Wahaha Group, Coca-Cola, Asahi Soft Drinks, Aqua Gold, China Water & Drinks, Ito En, Nestlé. Crystal Geyser Water Company, Parle Bisleri, PepsiCo, Suntory Beverage & Food, Ting Hsin International.
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