Market Size of North America Bottled Water Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.82 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Bottled Water Market Analysis
North America Bottled Water Market is projected to grow at a CAGR of 3.82 % over the forecast period.
Increasing demand from the rising population and the easy portability and convenience provided by bottled water is the major factor driving the market in North America. Functional water is vitamin-enriched water that has gained consumer popularity for convenience, perceived health benefits, and improved flavor over tap water. The rising trend for healthy lifestyles and wide utilization of bottled water for activities, such as trekking and other sports activities, are the major factors responsible for the high demand for bottled water. Furthermore, the sales of still water are increasing through these channels compared to sparkling water, owing to rising awareness regarding carbonated water and healthy lifestyles.
With higher disposable income and growing urbanization, premium products have greater demand. There is significant growth in the tourism industry, and the influx of tourists influences product placement on most supermarket/hypermarket shelves attracting buyers and enhancing bottled water sales. Also, sparkling water, known as carbonated water, is a well-thought-out premium sold at a higher price per gallon than still water. This may lead to carbonated bottled water gaining heftier margins than the other segments. Moreover, the increasing demand for eco-friendly packaging of bottled water is creating lucrative market opportunities for the existing manufacturers and new entrants in the market.
North America Bottled Water Industry Segmentation
Bottled water is packed drinking water that can be carbonated or not. North America's bottled water market is segmented by type, distribution channel, and geography. Based on type, the market is segmented into still water, sparkling water, and functional water. Based on distribution channels, the market is segmented into on-trade and off-trade distribution channels. The off-trade distribution channel is further sub-segmented into supermarkets/hypermarkets, convenience stores, home and office delivery (HOD), online retail stores, and other off-trade distribution channels. Based on geography, the market is segmented into the United States, Canada, Mexico, and the rest of North America. The report offers market size and forecasts in value (USD million) for the above segments.
| Type | |
| Still Water | |
| Sparkling Water | |
| Functional Water |
| Distribution Channel | |||||||
| On-trade | |||||||
|
| Geography | |
| United States | |
| Canada | |
| Mexico | |
| Rest of North America |
North America Bottled Water Market Size Summary
The North America bottled water market is experiencing steady growth, driven by increasing consumer demand for convenient and portable hydration solutions. The rising popularity of functional water, which is enriched with vitamins and perceived health benefits, is a significant trend influencing the market. This shift is largely attributed to the growing emphasis on healthy lifestyles and the use of bottled water in activities such as trekking and sports. The market is also seeing a preference for still water over sparkling options, as consumers become more aware of the health implications of carbonated beverages. Additionally, the demand for premium bottled water products is on the rise, fueled by higher disposable incomes and urbanization, alongside the tourism industry's expansion, which enhances product visibility in retail spaces.
The competitive landscape of the North America bottled water market is marked by the presence of major players like Danone SA, The Coca-Cola Company, PepsiCo, Inc., Nestle SA, and Otsuka Holdings Co. Ltd. These companies are actively engaging in strategies such as mergers, acquisitions, and product launches to capture a larger market share. The market is also witnessing a growing interest in eco-friendly packaging, presenting new opportunities for both established and emerging manufacturers. The increasing participation of health-conscious consumers, including athletes and fitness enthusiasts, further propels the demand for bottled water, particularly functional varieties that offer additional health benefits. As consumer preferences shift towards pollution-free and nutritionally beneficial beverages, the bottled water market in North America is poised for continued expansion.
North America Bottled Water Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Still Water
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2.1.2 Sparkling Water
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2.1.3 Functional Water
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2.2 Distribution Channel
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2.2.1 On-trade
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2.2.2 Off-trade
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2.2.2.1 Supermarkets/Hypermarkets
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2.2.2.2 Convenience Stores
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2.2.2.3 Home and Office Delivery
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2.2.2.4 Online Retail Stores
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2.2.2.5 Other Off-trade Channels
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2.3 Geography
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2.3.1 United States
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2.3.2 Canada
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2.3.3 Mexico
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2.3.4 Rest of North America
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North America Bottled Water Market Size FAQs
What is the current North America Bottled Water Market size?
The North America Bottled Water Market is projected to register a CAGR of 3.82% during the forecast period (2024-2029)
Who are the key players in North America Bottled Water Market?
Danone S.A., The Coca-Cola Company, Nestle SA, Otsuka Holdings Co. Ltd and PepsiCo, Inc. are the major companies operating in the North America Bottled Water Market.
