Asia Pacific Mineral Water Industry
According to Goldstein Research, “Rising health consciousness, growing tourism industry and the easy availability of bottled water are the major factors driving the growth of Mineral Water Market in the Asia Pacific.” Additionally, major market players have been spending a huge amount on advertising, positioning bottled water as the “pure and healthy option, which is significantly strengthening the growth of packaged drinking water market.
“Asia Pacific Mineral Water Industry Outlook 2024”
The Asia Pacific Mineral Water Industry is segmented based on product type, by packaging and by distribution channel. The distribution channel is further bifurcated into the online and offline channel. Offline channel constitutes the majority of the market share of more than 90% owing to the significant reach of offline distribution channels to the consumers.
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Based on packaging, PET bottles accounted for the largest market share of Asia Pacific packaged drinking water. PET bottles accounted for more than 82% market share of water packaging and are expected to reach over 86.0% during the forecast period.
China is the largest region for packaged drinking market in 2016 and is expected to dominate the market during the forecast period of 2016-2024. China packaged drinking water market valued USD 15.2 billion in 2016 and is estimated to expand at a CAGR of +11% during the forecast period. China is expected to dominate the Mineral Water Market followed by India due to rising per capita consumption of bottled water in these countries.
Impactful Packaging is Gaining Consumer’s Interest
Good packaging increases the shelf life of bottled water whereas attractive packaging increases the visibility and gain consumer’s interest in the product. Top manufacturers of packaged drinking water are spending on the innovative packaging of the products. The maximum demand for bottled water comes from the retail sector; but this is changing with significant demand coming from social functions and corporate events, especially for bulk water or bottled water cups.
“Asia Pacific Mineral Water Industry Outlook 2024” contains a detailed overview of the Asia Pacific packaged drinking water in terms of market segmentation by product type, by packaging type, and by distribution channel.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
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Asia Pacific Mineral Water Market Report also provides the competitive outlook of some of the major players which includes profiling of companies such as Danone Waters, Pepsi Co, and Coca-Cola Co., Nestle S.A, TruBlu Beverages Pty. Ltd., Bickford’s Australia Pty. Ltd., ParleBisleri Ltd.etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the Asia Pacific packaged drinking water market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
Browse similar report on Australia Bottled Water Market for the detailed insights of industry trends, company profiling, sales data, fact & figures(data table, charts, graphs), manufacturers details.