Bottled water is a purified type of drinking water packaged in plastic or glass water bottles. Bottled water contains dissolved minerals that vary based on its source and is often preferred by health-conscious consumers due to its perceived purity and protective packaging. Bottled water comes from natural or municipal sources and undergoes purification treatments like filtration and disinfection before packaging. Bottled water provides a portable, no-calorie hydration alternative to sweetened beverages and its packaged form makes it easy to consume on-the-go.
The U.S. Bottled Water Market Size is estimated to be valued at US$ 30029.56 Mn in 2024 and is expected to exhibit a CAGR of 10 % over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends
The increasing health consciousness among consumers has been a key factor driving the growth of the U.S. bottled water market. Bottled water perceived as a more hygienic and healthier option compared to tap water by many consumers in the country. Moreover, the busy lifestyles and on-the-go consumption habits have further boosted the demand for bottled water which can be easily carried and consumed anywhere. However, the environmental concerns around plastic waste from bottled water packaging is restricting the market growth. Many local governments and environmental groups across the U.S. are encouraging people to reduce the consumption of bottled water and opt for reusable water bottles instead to minimize plastic pollution. Nevertheless, the market players are increasingly focusing on developing eco-friendly and sustainable bottled water packaging solutions made from recycled PET (polyethylene terephthalate) to counter such concerns.
Segment Analysis
The U.S. bottled water market is dominated by still water segment, which holds around three-fourth of the total market share. Still water dominates as consumers prefer it due to its light taste and moderate content of minerals as compared to sparkling water. Still water is considered as an alternative to carbonated drinks and consumers opt for it due to its perceived health benefits.
Key Takeaways
The U.S. bottled water market is expected to witness high growth. The bottled water market is estimated to be valued at US$ 30029.56 Mn in 2024 and is expected to exhibit a CAGR of 10 % over the forecast period 2024 to 2031.
Regional analysis related content comprises The Western region dominates the U.S. bottled water market currently due to hot climate and increasing health awareness among consumers. The region is expected to continue its dominance during the forecast period owing to rising population and disposable income in states like California.
Key players related content comprises Key players operating in the U.S. bottled water market are Amgen, Gilead Sciences, Biogen, Pfizer, Novartis, Roche, Johnson & Johnson, Sanofi, Merck & Co., AbbVie, GlaxoSmithKline, AstraZeneca, Eli Lilly, Novo Nordisk, Bayer, Bristol-Myers Squibb, Teva Pharmaceutical, Takeda Pharmaceutical, Boehringer Ingelheim, Astellas Pharma.
PepsiCo's Aquafina is the leading brand in the U.S. bottled water market. Other major players like Nestle Pure Life and Dasani also have a significant market share. These key players are focusing on capacity expansion and new product launches to strengthen their foothold.
Get More Insights Here: https://www.newswirestats.com/u-s-bottled-water-market-trends-growth-and-regional-outlook-2023-2030-2/
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