Market Size of South America Bottled Water Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 11.57 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Bottled Water Market Analysis
The South America Bottled Water Market is forecasted to register a CAGR of 11.57% during the forecast period.
The South American bottled water market is expected to witness high growth fueled by strong demand for clean, flavored, and hygienic drinking water. The latest trend gaining momentum in this market is increased demand for bottled water with added minerals, vitamins, antioxidants, etc as consumers are looking for bottled water with added health benefits.
Sparkling water may cause health problems like digestive issues therefore certain mandates are issued regarding the ingredients to be used in functional water. The bottled water market is appealing in Brazil with an increasing number of players every year, primarily due to positive sales.
Moreover, bottled water demand in Brazil is showing significant growth owing to that consumer inclination has shifted from soft drinks and alcoholic beverages to functional, flavored, and mineral water. As a result, it increases the sales and margins of companies that are engaged in the manufacturing of bottled water, as well as the overall production volume.
One of the main factors influencing Brazil's production of bottled water is the entry of multinational manufacturers, particularly in the functional and mineral water segment. Some products have significant profit margins that may be stored which provide lucrative business opportunities in the region.
