Premium Bottled Water Market to Grow with a CAGR of 6.89% through 2028

Rising health awareness and changing lifestyle are factors driving the Global Premium Bottled Water in the forecast period 2024-2028.

According to TechSci Research report, “Premium Bottled Water Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Premium Bottled Water Market stood at USD 18.94 billion in 2022 and is anticipated to grow with a CAGR of 6.89% in the forecast period, 2024-2028. The global premium bottled water market has emerged as a dynamic and rapidly expanding segment within the broader beverage industry. Characterized by its emphasis on superior quality, distinctive sourcing, and elegant packaging, this market caters to consumers who seek more than just basic hydration. Several key factors have contributed to the growth and evolution of the global premium bottled water market.

Premium bottled water is a high-quality segment of the beverage industry that offers unique sourcing, enhanced mineral content, and sophisticated packaging. It caters to health-conscious consumers seeking pure hydration, often sourced from pristine locations. However, it also faces challenges related to sustainability, ethical sourcing, and differentiation in a competitive market.

In recent years, there has been a significant shift in consumer preferences towards healthier beverage choices. As health and wellness awareness grows, consumers are seeking alternatives to sugary and calorie-laden beverages. Premium bottled water, often touted for its purity and mineral content, has gained traction among health-conscious individuals. With concerns over contaminants in tap water, premium bottled water offers a reassuring solution, positioning itself as a healthier option for hydration.    

The allure of premium bottled water lies not only in its quality but also in its unique sourcing narratives. Many brands highlight their water's origin from pristine springs, glaciers, or deep aquifers in remote locations. These captivating stories evoke a sense of authenticity and adventure, connecting consumers to the source of their hydration. The notion of consuming water from untouched, natural sources resonates with a growing consumer desire for authentic experiences and products.

The premium bottled water market has tapped into the luxury and lifestyle sectors, transforming hydration into a statement of taste and refinement. Sleek packaging designs, often created in collaboration with renowned designers, turn simple water bottles into fashion accessories or status symbols. Premium bottled water is often associated with sophistication and exclusivity, making it a popular choice at upscale events and gatherings. This blend of luxury and utility appeals to consumers seeking an elevated experience beyond conventional hydration.

In conclusion, the global premium bottled water market is characterized by its emphasis on quality, unique sourcing, and elegant presentation. As consumers prioritize health, authenticity, and sustainability, the market has responded by offering a range of innovative options that cater to these evolving preferences. While challenges exist, the market's trajectory remains positive, driven by the continued pursuit of healthier alternatives and a desire for products that align with personal values and aspirations.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Premium Bottled Water Market.”

The Global Premium Bottled Water Market is segmented into product, sales channel, regional distribution, and company. Based on product type the market is segmented into Spring Water, Mineral Water, Sparkling Water. The global premium bottled water market is witnessing a significant surge in the demand for mineral water. Driven by health-conscious consumers seeking natural and beneficial hydration options, mineral water's unique mineral content and potential health advantages are appealing. Its rise aligns with the market's focus on authenticity and well-being, shaping the beverage landscape.

Based on sales channel the market is segmented into supermarkets/hypermarkets, specialty stores, online, and others. The global premium bottled water market is experiencing a notable upswing in demand through online sales channels. This trend caters to the convenience-seeking modern consumers who appreciate easy access to premium hydration options, while also allowing brands to engage directly with consumers through digital platforms, reshaping the market's distribution dynamics. Based on region the market is segmented into five regions North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Major companies operating in Global Premium Bottled Water Market are:

• NEVAS GmbH
• Lofoten Arctic Water AS
• Beverly Hills Drink Company
• Uisge Source, Inc.
• Roiwater
• Bling H2O
• MINUS 181 GmbH
• BLVD Water
• Berg Water
• Alpine Glacier Water Inc.

Download Free Sample Report

Customers can also request for 10% free customization on this report.

“Hybrid and infused varieties of premium bottled water is a significant trend that is expected to have an impact on growth over the forecasted period. Rising consumer awareness, changing lifestyle, and rising environmental concerns will positively impact the Global Premium Bottled Water Market. Due to the wide range of products available to meet specific needs of, as well as the growing popularity of the online sales channel, the market is growing at impressive rate through projected period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Premium Bottled Water By Product (Spring Water, Mineral Water, Sparkling Water), By Sales Channel (Supermarkets/Hypermarkets, Specialty Stores, Online, and Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Premium Bottled Water Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Premium Bottled Water Market.

Contact

Mr. Ken Mathews

Techsci Research LLC

420 Lexington Avenue, Suite 300,

New York, United States- 10170                   

Tel: +13322586602

Email: [email protected]

Website: www.techsciresearch.com