Global Spring Water Market Research Report: Information By Distribution Channel (Specialty Stores, Online Retail, and Hypermarkets/Supermarkets), By Packaging Type (Bottled and Canned), and By Region (North America, Europe, Asia-Pacific, and Rest Of The World), Global Economy Insights, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast Till 2032.
Global Spring Water Market Size was valued at USD 214.4 Billion in 2022. The Spring Water market industry is projected to grow from USD 234.3 Billion in 2023 to USD 474.7 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.40% during the forecast period (2023 - 2032).
Worries about a variety of health conditions, such as gastrointestinal disorders, are growing, along with the population of cities and disposable income, are the key market drivers enhancing the market growth.
As knowledge of several health issues, such as gastrointestinal diseases brought on by consuming contaminated water, develops, so does the demand for clean and hygienic packaged solutions. Drinking water shortages in some locations increase the need for clean water, boosting product sales and market growth.
Nutrient-fortified water is growing increasingly popular as consumers place a higher importance on health and wellness. There has been an increase in demand from business travelers, working professionals, and domestic consumers. Over the past few years, products marked as "alkaline," "electrolyte-rich," "fortified," "caffeinated water," and "fortified with additional hydrogen or oxygen" have become more and more popular.
Customers are placing an increasing amount of importance on their health and wellness, which is increasing the market for bottled, ultra-purified solutions. Customers choose these bottles when they were on the go because they are a healthier option to high-calorie, sugary, carbonated beverages like sports drinks and juices. Sales of bottled water climbed by 4.7% in 2020, the beverage industry announced in September 2021. Customers are increasingly choosing premium or ultra-purified bottled options due to increased access to knowledge on healthy beverages and consumer discontent with high-quality alcoholic beverages.
Packaging has been a significant contributor to the product's rising market penetration. New bottle wrapping for bottles made of plastic that was recovered from the ocean was unveiled by ZenWTR in June 2020. The product is sold in packets of 1 liter, 23.7 ounces, and 16.9 ounces. Through vapour distillation, ionization, and presentation in endlessly recyclable bottles, the 9.5 pH level of the pure crisp water is reached. The company has worked on supply chain research, development, and security. With this, the company has made a huge advancement toward creating a sustainable product. In order to make each 1-liter package, the corporation would employ up to five ocean-bound plastic bottles, saving nearly 70 million in total. Thus, driving the Spring Water market revenue.
A recent market research report added to repository of Intellectual Market Insights Research is an in-depth analysis of Global Spring Water Market. On the basis of historic growth analysis and current scenario of Spring Water market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global Spring Water market. This further helps users with their developmental strategy.
eading industry companies are making significant R&D investments in order to diversify their product offerings, which will drive the Spring Water market's expansion. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants are also engaging in a number of strategic actions to increase their global footprint. The Spring Water sector needs to provide affordable products if it wants to grow and thrive in a more competitive and challenging market environment.
One of the primary business strategies employed by manufacturers in the worldwide Spring Water industry to assist customers and expand the market sector is local manufacturing to reduce operational costs. Some of the biggest benefits to medicine have recently come from the Spring Water sector. Major players in the Spring Water market, including Orient Beverages Pvt. Ltd., Nestle S.A., Pepsico, Inc., Ten Spring Water, Danone, 3 Spring Water, Mountain Valley Spring Water, Tata Consumer Products Limited, CG Roxane, LLC, and Coca-Cola, are attempting to increase market demand by investing in research and development operations.
Nestle SA (Nestle) is a food and beverage producer and marketer. The company's product line-up consists of baby foods, bottled water, cereals, chocolates and confectionery, coffee, culinary products, plant-based meals, chilled and frozen foods, dairy products, nutritional products, ice cream, and things for pet care. Nestle provides its products under a number of brand names, including Aero, Purina Alpo, Milkybar, Cerelac, Nescafe, Nespresso, Nido, Perrier, S.Pellegrino, Acqua Panna, Nestea, Milo, Maggi, Buitoni, Cailler, Movenpick, Purina, Boost, Gerber, and Kit Kat. The corporation has commercial centres in Asia, Oceania, the Americas, Europe, the Middle East, and Africa. Nestle is headquartered in Vevey, Waadt, Switzerland. Nestle SA decided to sell BlueTriton Brands, the company's North American bottled water division, to private equity firm One Rock Capital Partners for USD 4.3 billion in April 2021.
Primo Water Corp (Primo) manufactures, refines, and distributes products for water purification. Its product line includes water dispensers, bottled water, filtration equipment, premium spring, sparkling, and flavor water, filtration equipment, and coffee. A number of brands, including Aquaterra, Alhambra, Eden, Crystal Springs, PureFLO Deep Rock, Sierra Springs, and Crystal Rock, are used by the corporation to market its products. One of the company's razorblade offerings is its water exchange, water direct, and water replenishment businesses. Primo further provides bottled water delivery services, coffee services, brewers, and filtration equipment. Through subsidiaries, the corporation has operations in both North America and Europe. Primo is situated in Tampa, Florida, in the United States. Primo Water Corporation will have more than 8,000 clients total after acquiring Mountain Valley Water Company of Los Angeles in October 2020.
February 2020: According to Agthia Group PJSC, the Al Ain Plant Bottle is the first plant-based water bottle in the region. A Memorandum of Understanding (MoU) was also inked by Agthia and Veolia, a global leader in resource management optimization, for the launch of a PET water bottle collection program in the United Arab Emirates.
May 2020: Kopparberg Brewery in the UK unveiled a 5% ABV bottled water with claims of being vegan and gluten-free. It is sold in flavors like mixed berries, black cherries, and passion fruit in Morrisons and Tesco stores throughout Europe.
May 2020: The expanding product portfolio of TEN Alkaline Spring now includes a 12-ounce aluminum can of high-pH premium alkaline water. It provides a new, more affordable pricing point for the option that is marketed for around 50% less per ounce and is wrapped in aluminum.
Distribution Channel Outlook
Packaging Type Outlook
Regional Outlook
Spring Water Distribution Channel Insights
The global Spring Water market segmentation, based on Distribution Channel, includes specialty stores, online retail, and hypermarkets/supermarkets. Hypermarkets/supermarkets segment accounted for the largest revenue share in 2022. Throughout the projection period, market growth will be fueled by how easy it is to choose the necessary brand of bottled water with a particular mineral combination. Various brands, including Aquafina, Dasani, Nestlé, and Danone, are sold in the following shops. Customers are increasingly choosing packaged water over more traditional options in these places due to rising health and hygiene concerns, a surge in COVID-19 cases, and other factors. Furthermore, it's projected that the establishment of bars, nightclubs, and outdoor activities at resorts and hotels will boost the consumption of bottled water through this route.
Spring Water Packaging Type Insights
The global Spring Water market segmentation, based on Packaging Type, includes bottled and canned. Bottled segment dominated the global Spring Water market in 2022. Because dysentery, diarrhea, and typhoid are frequently caused by impurities in flowing water, consumers are looking for water-saving strategies, and businesses are dealing with the same issues. For instance, Aquafina offers purified, sodium-free drinking options that have been filtered. Dasani also offers mineral-infused, purified drinking solutions that are clean and safe. Customers' growing preference for sparkling beverages as a healthier alternative to sugary beverages like cola to reduce sugar content levels is driving the industry. The body's elevated sugar levels cause type 2 diabetes, obesity, and other related health issues.
Spring Water Regional Insights
Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. In 2022, this market was headed by the North America Spring Water Market (45.80%). Another element boosting the high demand for bottled water is the increased popularity of healthy living, rigorous exercise, and other physical and outdoor activities. The majority of Americans think packaged water is safer and more convenient than water that they get from the faucet. Additionally, it is projected that the growing consumer demand for sustainable and ecologically friendly packaging solutions will create lucrative business prospects for both incumbent manufacturers and new rivals. Further, In the North American area, the U.S. Spring Water market had the biggest market share, while the Canada Spring Water market had the quickest rate of expansion.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
In 2022, the Europe Spring Water market had a sizable portion of the market. Due to the expanding use of packaged drinks and the rising proportion of health-conscious consumers, the spring water market is expected to experience considerable growth over the projected period. Furthermore, the market with the greatest growth rate in this area belonged to the United Kingdom, while Germany had the largest market share. Further, In the European region, the German Spring Water market had the biggest market share, and the U.K. Spring Water market had the quickest rate of growth.
From 2023 to 2032, the Asia Pacific Spring Water market is anticipated to experience rapid growth. One of the main factors promoting the market expansion is the rising awareness of the value of health and wellness in nations like China, India, Malaysia, and Indonesia. This is because there is a higher need for sanitary consumables. The demand for bottled options is rising along with the knowledge of the value of hygienic beverage options, opening up new opportunities for market expansion in the area. Moreover, In the Asia-Pacific region, the Indian Spring Water market had the quickest rate of growth while China's Spring Water market had the greatest market share.
North America accounted for the highest xx% market share in terms of revenue in the Spring Water market and is expected to expand at a CAGR of xx% during the forecast period. This growth can be attributed to the growing adoption of Spring Water. The market in APAC is expected to witness significant growth and is expected to register a CAGR of xx% over upcoming years, because of the presence of key Spring Water companies in economies such as Japan and China.
The objective of the report is to present comprehensive analysis of Global Spring Water Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
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Spring Water Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends:
Frequently Asked Questions
• The global Spring Water market size was valued at USD 214.4 Billion in 2022.
• The global market is projected to grow at a CAGR of 9.40% during the forecast period, 2023-2032.
• North America had the largest share in the global market
• The key players in the market are Orient Beverages Pvt. Ltd., Nestle S.A., Pepsico, Inc., Ten Spring Water, Danone, 3 Spring Water, Mountain Valley Spring Water, Tata Consumer Products Limited, CG Roxane, LLC, and Coca-Cola
• The Hypermarkets/Supermarkets Distribution Channel dominated the market in 2022.
• The Bottled Packaging Type had the largest share in the global market.
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