Premium Bottled Water Market Observe Significant Growth Of USD 17.60 Billion By 2028


 San Francisco, 9 July 2021: The Report Premium Bottled Water Market Size, Share & Trends Analysis Report By Region (APAC, Europe, North America, Central & South America, MEA), And Segment Forecasts, 2021 - 2028

The global premium bottled water market size is anticipated to reach USD 17.60 billion by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.8% from 2021 to 2028. Growing consumer awareness regarding the health benefits of consuming premium bottled water containing minerals and pure elements are projected to drive market growth over the forecast period. Most Americans prefer bottled drinking water as they find it to be a safer and more convenient option than tap water. Moreover, the rising need for eco-friendly packaging of premium bottled water is offering lucrative growth opportunities for existing manufacturers and new entrants in the market.

Moreover, companies target selected groups of consumers and channels, such as 5-star hotels & resorts and clubs as the product price is slightly higher than regular bottled water. A rise in the number of 5-star hotels, resorts, spas, and clubs is likely to augment the product demand. For instance, LXR Luxury Resorts offer Icelandic Glacial premium bottled water to its customers. Furthermore, many companies have been launching new packaging consisting of new designs, logos, crystals, and more to give it a more personalized experience and thus, increase sales.

For instance, in November 2020, Bling H2O launched its new made-to-order collection called The Ten Thousand Bespoke Collection, wherein a single premium bottled water is priced at USD 2,700 and is made of over ten thousand hand-applied Swarovski Crystals. Consumers are seeking products that have added value and thus looking for premium brands, which showcase distinct mineral composition on the packaging. The assurance of purity of the water is often a key selling proposition used for brand positioning by many premium product manufacturers.

Access Research Report of Premium Bottled Water Market @ https://www.grandviewresearch.com/industry-analysis/premium-bottled-water-market

Premium Bottled Water Market Report Highlights

  • The global market is expected to progress at a CAGR of 6.8% from 2021 to 2028
  • New product launches and innovations in terms of sustainable packaging and bottle designs are some of the key strategies adopted by the market players to gain a higher share
  • Europe is estimated to lead the global market in terms of revenue share while Asia Pacific is expected to be the fastest-growing regional market from 2021 to 2028
  • The growth of the APAC market can be attributed to product innovation and the rising need for safe drinking water as a result of the growing population in the region
  • A rise in the sales of packaged water bottles due to deteriorating water quality in countries, such as China and India, will boost the market growth further.

List of Key Players of Premium Bottled Water Market

  • Bling Water
  • ROI
  • Beverly Hills 9OH2O
  • NEVAS
  • Lofoten
  • MINUS181
  • Alpine Glacier Water, Inc.
  • BLVD
  • Berg Water
  • Uisge Source
  • VEEN

Access Press Release of Premium Bottled Water Market @ https://www.grandviewresearch.com/press-release/global-premium-bottled-water-market

 

Comments

Post a Comment

Popular posts from this blog

U.K. Point Of Sale Software Market To Expand Industry Growth At USD 1.05 Billion By 2028

Image
  San Francisco, 21 Jan 2022:   The Report  U.K. Point Of Sale Software Market  Size, Share & Trends Analysis Report By Application (Fixed POS, Mobile POS), By Deployment, By Organization Size, By End-user, And Segment Forecasts, 2021 - 2028 The global U.K. point of sale software market size is expected to reach USD 1.05 billion by 2028, expanding at a CAGR of 8.1% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. The integration of a Point-Of-Sale (POS) solution with capabilities such as sales reports monitoring, cash flow recording, product demand analysis, tracking delivery status, and inventory management ensure systematic functioning and upscaling of a business. The adoption of POS software is directly impacted by the demand for POS terminals, which is witnessing growth in demand due to changing lifestyles and government policies. However, the COVID-19 pandemic disrupted the industry's business, wherein ...
Read more

Gas Detection Equipment Market Anticipated To Expand At A CAGR 9.7% From 2021 To 2028

  San Francisco, 5 May 2021:   The Report  Gas Detection Equipment Market  Size, Share & Trends Analysis Report By Product, By Technology (Infrared, Catalytic, PID), By End-use, By Region, And Segment Forecasts, 2021 - 2028 The global gas detection equipment market size is expected to reach USD 8.38 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 9.7% from 2021 to 2028. The market growth can be attributed to the growing awareness among governments regarding the harmful effects of greenhouse gases, coupled with their increased efforts toward protecting the environment. Major industries such as petroleum, oil, and gas, among others are needed to comply with safety and environmental regulations which are also major factors driving the market growth. Many companies are focused on introducing drone-based gas detection equipment, which is expected to create new opportunities for market growth in...
Read more