North America Bottled Water Market Share, Trends, Size, Segmentation And Forecast To 2028
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According to Business Market Insights’ research, The North America Bottled Water Market was valued at US$ 72.02 billion in 2022 and is expected to reach US$ 104.12 billion by 2028, registeringan annual growth rate of 6.3% from 2022 to 2028.Increase in health concerns among consumers and shift in demand from carbonated soft drinks to bottled water are the critical factors attributed to the market expansion.
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The List of Companies
Danone S.A.
Bluetriton Brands,Inc.
FiJI Water Company LLC.
Gerolsteiner Brunnen Gmbh and Co.Kg.
Nestle S.A.
PepsiCo, Inc.
RHODIUS mineralquellen und Getranke Gmbh & CO.KG.
The Coca-Cola Company.
Voss of Norway AS.
Health-Conscious Consumers Drive Growth in North America's Bottled Water Market
Consumer health awareness is significantly impacting the soft drink industry, leading to a notable shift from traditional carbonated beverages to bottled water. This trend is driven by growing concerns about sugar content and overall health implications.
Key Market Drivers:
Healthier Alternatives:
Consumers are actively seeking healthier alternatives to high-sugar, unnatural soft drinks.
Bottled water is perceived as a healthier option, leading to increased demand.
Concerns About Carbonated Drinks:
Carbonated water has been linked to digestive issues, weight gain, and heartburn.
The high sugar content in many soft drinks, particularly carbonates, is a major concern.
Obesity Epidemic:
The rising prevalence of obesity, not only in high-income countries but also in low- and middle-income nations, is a significant challenge for the soft drink industry.
High consumption of sugar-rich beverages is a contributing factor to this problem.
Flavored and Functional Water:
Bottled water companies are responding to consumer demand by offering flavored and functional water options.
These products, often low-calorie, cater to the growing concern about obesity and the desire for healthier choices.
Shift in Consumer Preference:
The overall shift in consumer preference from carbonated soft drinks to bottled water is a major driver of the market.
North America Bottled Water Market Outlook:
The increasing demand for healthy beverage alternatives is fueling substantial market growth.
The North America bottled water market is expected to experience a notable Compound Annual Growth Rate (CAGR) during the forecast period.
About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
