Market Size of Asia-Pacific Bottled Water Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.71 % |
| Market Concentration | Low |
Major Players.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
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APAC Bottled Water Market Analysis
The Asia-Pacific Bottled Water Market size is expected to grow from USD 84.47 billion in 2023 to USD 111.50 billion by 2028, at a CAGR of 5.71% during the forecast period (2023-2028).
- The demand for hygienic food and drinks is increasing with the growing number of educated and health-conscious people. This has resulted in an increased demand for clean and hygienic water, leading to a rise in the demand for bottled water. The bottled water market is expected to grow due to the demand for convenient, safe, healthy, and refreshing drinks from health-conscious consumers. The rise in healthcare awareness regarding waterborne diseases such as malaria, typhoid, diarrhea, and food poisoning is further driving the market.
- Additionally, the demand for electrolytes, protein, and vitamin-enriched drinks is increasing in the region, especially among baby boomers and the millennial population who want to keep their bodies fit and active after hectic work schedules, gym, and other activities. Manufacturers retailing their products at competitive prices further incline consumers towards healthy hydration, while premium water ranges are also witnessing an upsurge in the market led by the rising income group in the region. The portability and convenience of bottled water also support market growth.
- However, the lower cost of tap water compared to bottled water is one of the major restraints of the market. Stringent regulations for the approval of bottled water and the presence of harmful chemicals such as bisphenol can further hamper growth. The competition in the Asia-Pacific bottled water market is high, with many regional and local players, along with private label brands.
- The market is expected to grow due to health concerns, a thirst for innovative products, and multiple distribution channels. In India, the Indian Railway Catering and Tourism Corporation Limited produced 198.6 million bottles of drinking water in 2022, according to the Indian Railway Catering and Tourism Corporation.
