Premium Bottled Water Market Analysis

Premium Bottled Water Market Analysis

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The premium bottled water market from spring water segment dominated around USD 9.1 billion revenue in 2022, due to an increased awareness of health and wellness among consumers, leading to a shift in beverage preferences. Spring is perceived as a healthier alternative to sugary and artificially flavored drinks, as it contains naturally occurring minerals that can have potential health benefits. In addition, as consumers become more conscious of the sources and quality of their water, mineral water's origins from natural springs or mineral-rich underground reservoirs hold a strong appeal. This natural sourcing, often coupled with the absence of artificial additives, adds to the perception of purity and cleanliness.
 

The supermarket and hypermarket segment held over 59.6% of the premium bottled water market share in 2022. Supermarkets and hypermarkets are one-stop shops for a wide range of groceries and household goods, including premium bottled water. This makes it convenient for consumers to purchase premium bottled water while they are shopping for other items. In addition, these stores provide a one-stop shopping experience, allowing customers to purchase everything they need in a single shopping trip. This convenience saves time and effort, making it an attractive choice for many shoppers.
 

The glass bottles segment accounted for 55.4% of the premium bottled water market share in 2022. Glass bottles are more aesthetically pleasing than plastic bottles. They have a more elegant and sophisticated look, which is appealing to consumers who are looking for a premium product. In addition, it can be reused and recycled multiple times, while plastic bottles typically end up in landfills. This is important to consumers who are concerned about the environmental impact of their purchases.
 

The Asia pacific premium bottled water market size will gain remarkable momentum during the forecast timeline, owing to Consumers in Asia Pacific are becoming more aware of the health benefits of drinking water, and they are looking for convenient and accessible ways to stay hydrated. Premium bottled water is seen as a healthy and convenient beverage option. In addition the region is increasingly urbanization. This is leading to a growing demand for convenient and accessible food and beverage options, such as premium bottled water.