Market Size of North America Bottled Water Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.82 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
North America Bottled Water Market Analysis
North America Bottled Water Market is projected to grow at a CAGR of 3.82 % over the forecast period.
Increasing demand from the rising population and the easy portability and convenience provided by bottled water is the major factor driving the market in North America. Functional water is vitamin-enriched water that has gained consumer popularity for convenience, perceived health benefits, and improved flavor over tap water. The rising trend for healthy lifestyles and wide utilization of bottled water for activities, such as trekking and other sports activities, are the major factors responsible for the high demand for bottled water. Furthermore, the sales of still water are increasing through these channels compared to sparkling water, owing to rising awareness regarding carbonated water and healthy lifestyles.
With higher disposable income and growing urbanization, premium products have greater demand. There is significant growth in the tourism industry, and the influx of tourists influences product placement on most supermarket/hypermarket shelves attracting buyers and enhancing bottled water sales. Also, sparkling water, known as carbonated water, is a well-thought-out premium sold at a higher price per gallon than still water. This may lead to carbonated bottled water gaining heftier margins than the other segments. Moreover, the increasing demand for eco-friendly packaging of bottled water is creating lucrative market opportunities for the existing manufacturers and new entrants in the market.
