Asia Pacific Region Is The Largest Market For The Bottled Water Industry, Says TBRC’s Latest Report


Posted October 10, 2018 by sainath

Companies Included: Yangshengtang Co. Ltd, Ting Hsin, Bisleri, PepsiCo and Tirta Bahagia

 
Bottled water companies are involved in purifying and bottling water, and then marketing and distributing it for commercial and personal use. End users for bottled water group constitute both on-trade and off-trade consumption that include institutional and retail customers. Retail customer can purchase bottled water from different retail or food service formats. Institutional customers such as restaurants, offices and hotels purchase bottled water from wholesalers or distributors.

TBRC’s report covers information on the various segments of the market, such as premium bottled water, packaged drinking water, sparkling water, functional water, etc.

Order TBRC’s report to get more insights on bottled water statistics:
https://www.thebusinessresearchcompany.com/report/bottled-water-global-market-opportunities-and-strategies-to-2021

Water Statistics

The bottled water consumption market grew at a compound annual growth rate (CAGR) of 9% from 2013 to 2017. This rapid growth was attributed to factors which include increasing health hazards of untreated water, rapid industrialization and rising disposable income, consumer concerns which had a positive impact on the bottled water market, and other such factors mentioned in the report. This market is forecast to grow at a CAGR of 9.5% by 2021.

The bottled water market in Asia-Pacific is the largest in the world by volume, accounting for 42.5% of the global bottled water consumption, and second largest in the world in terms of value. The bottled water consumption in Asia-Pacific grew at a CAGR of 10.6% in the historic period and is expected to grow at a CAGR of 12.4% in the forecast period. The bottled water market in Asia-Pacific grew at a CAGR of 12.9% in the historic period and is expected to grow at a CAGR of 13.7% in the forecast period.

Download sample report at
https://www.thebusinessresearchcompany.com/sample.aspx?id=789&type=smp

Contamination of surface and ground water sources due to inappropriate garbage disposal has lead consumers to distrust tap water due to a rise in water borne diseases. This has led to an increase in the consumption of bottled water in Asia Pacific countries. In addition to this, shift in consumers’ preference from carbonates and juices towards bottled waters as rising health conscious, this will help bottled water market grow further during forecast period.

China was the largest country in the consumption of bottled water, with a 50.5% share of the market. It also had the highest CAGR (compound annual growth rate) of 11.5% during 2013 – 2017; this country is expected to grow at the same CAGR of during 2017 – 2021.
Japan had the lowest CAGR of just 1% during 2013 – 2017; this country is expected to grow at a CAGR of 1.5% during 2017 – 2021.

About The Business Research Company.

The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.

Contact Information

The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: [email protected]
Follow us on Linkedin: https://in.linkedin.com/company/the-business-research-company
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By sainath
Phone 02071930708
Business Address 47 Anchorage Point,, 42 Cuba Street, Canary Wharf,, London, England,, E14 8NE., +44 207 1930 708
42 Cuba Street, Canary Wharf,
Country United Kingdom
Categories Food , Industry , Research
Tags bottled water market , flavored water market , mineral water market , packaged drinking water market
Last Updated October 10, 2018