Global Premium Bottled Water Market 2017-2021
About Premium Bottled Water
Bottled water is drinking water packaged in plastic or glass water bottles. Bottled water might be carbonated or not. The bottled water which is high priced is referred as premium bottled water. Demand for premium bottled water is expected to increase worldwide due to the increasing awareness of the health benefits of premium bottled water with added minerals and the decreasing quality of tap water in most of the countries.
Technavio’s analysts forecast the global premium bottled water market to grow at a CAGR of 5.51% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global premium bottled water market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Premium Bottled Water Market 2017-2021
Technavio recognizes the following companies as the key players in the global premium bottled water market: Danone, GEROLSTEINER BRUNNEN, Nestlé, The Coca-Cola Company, and Tibet Water Resources.
Other Prominent Vendors in the market are: Bai, Bling H2O, blue republic artesian water, FIJI Water, Iluliaq, PepsiCo, Premium Waters, VEEN, Vital Premium Water, and WAIĀKEA.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is flavored water trends. Flavored water is becoming popular globally with the growing demand from consumers looking for water products with added flavor and functionality. Flavored water is marketed as water that contains natural and artificial flavors, sugar, vitamins, and minerals.”
According to the report, one driver in the market is expansion in the retail landscape. The organized retail sector across the globe is expanding significantly with the establishment of supermarkets, hypermarkets, and specialty stores. Premium bottled waters are primarily sold by large organized retailers. This implies that vendors operating in this market are highly dependent on these retailers. They also compete for limited shelf space in these large organized retail stores.
Further, the report states that one challenge in the market is side effects of flavored water. Flavored water is considered a healthy on-the-go beverage by consumers; but, physicians do not consider this beverage healthy because it contains flavoring agents and artificial sweeteners such as neotame, sucralose, and acesulfame potassium, which may cause health problems. It contains harmful ingredients such as potassium citrate that can cause heart problems, adrenal gland disorders, and kidney failure.
Danone, GEROLSTEINER BRUNNEN, Nestlé, The Coca-Cola Company, Tibet Water Resources, Bai, Bling H2O, blue republic artesian water, FIJI Water, Iluliaq, PepsiCo, Premium Waters, VEEN, Vital Premium Water, and WAIĀKEA.