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U.S. Bottled Water Market Is Estimated To Witness High Growth Owing To Increasing Health Consciousness

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Anjali CMI
U.S. Bottled Water Market Is Estimated To Witness High Growth Owing To Increasing Health Consciousness

The global U.S. bottled water market is estimated to be valued at US$22,175.71 Million in 2021 and is expected to exhibit a CAGR of 8.42% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.


Market Overview:

The U.S. bottled water market provides consumers with a convenient and healthy hydration option. Bottled water offers various advantages such as portability, easy availability, and safety compared to tap water. With the increasing focus on maintaining a healthy lifestyle and rising concerns about water quality, the demand for bottled water is expected to grow significantly in the coming years. Bottled water serves as a necessity for individuals who are always on the go and do not have easy access to safe drinking water.


Market Key Trends:

One key trend driving the growth of the U.S. bottled water market is the increasing health consciousness among consumers. With the rising awareness about the importance of staying hydrated and maintaining proper hydration levels, the demand for bottled water has increased. Consumers are actively seeking healthier alternatives to sugary beverages and are turning to bottled water as a healthier choice. The U.S. bottled water market is witnessing a shift towards functional beverages and innovative packaging solutions to cater to the evolving consumer preferences.


In conclusion, the U.S. bottled water market is expected to experience high growth due to increasing health consciousness among consumers. The demand for bottled water is driven by its convenience, availability, and safety compared to tap water. Key trends in the market include the growing emphasis on health and hydration, leading to an increase in the consumption of bottled water.


PEST Analysis:


Political: The political environment in the U.S. bottled water market is generally stable. Government regulations and policies regarding water quality and safety standards play a crucial role in shaping the industry. Strict regulations ensure that bottled water meets the required standards and undergoes proper labeling, thereby safeguarding consumer health.


Economic: The U.S. bottled water market is expected to witness significant economic growth in the forecast period. Rising disposable income, changing consumer preferences towards healthier alternatives, and increasing health consciousness are the key factors driving the market. Additionally, the convenience of bottled water and its affordability compared to other beverages contribute to its growing demand.


Social: Changing consumer lifestyles and increasing awareness about the importance of hydration and maintaining good health have positively influenced the growth of the U.S. bottled water market. Consumers are increasingly opting for bottled water over sugary beverages, leading to a shift in consumption patterns and a rise in demand.


Technological: Advancements in technology have improved the production and packaging processes in the bottled water industry. Improved purification techniques, filtration systems, and innovative packaging designs are driving the market growth. Additionally, the increasing use of e-commerce platforms and digital marketing strategies have facilitated the reach of bottled water brands to a broader consumer base.


Key Takeaways:


The U.S. Bottled Water Market Segmentation is expected to witness high growth, exhibiting a CAGR of 8.42% over the forecast period (2022-2030). This growth is primarily driven by the increasing health consciousness among consumers, changing lifestyles, and the convenience offered by bottled water.


Regionally, North America is expected to be the fastest-growing and dominating region in the bottled water market. The region's already high consumption of bottled water is further fueled by the growing adoption of healthy lifestyles, increased product availability, and promotional activities by key players.


Key players operating in the U.S. bottled water market include Nestle Waters, PepsiCo Inc., The Coca-Cola Company, Groupe Danone, Suntory Beverage & Food Ltd, Mountain Valley Spring Company LLC, and CG Roxane LLC. These players hold significant market share and continue to invest in product innovation, marketing strategies, and expanding their distribution networks. Their strong brand presence and wide range of product offerings make them influential players in the market.


Read more @ https://www.newsstatix.com/future-prospects-of-the-u-s-bottled-water-market-trend-and-scope/

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