Dublin, Aug. 09, 2024 (GLOBE NEWSWIRE) -- The "Spring Water - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Spring Water is estimated at US$240.7 Billion in 2023 and is projected to reach US$376.3 Billion by 2030, growing at a CAGR of 6.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the spring water market is driven by several factors, including advancements in sustainable packaging, an expanding global distribution network, and evolving consumer preferences. Innovations such as biodegradable and reusable bottles appeal to environmentally conscious consumers, enhancing brand loyalty and market share among those concerned about plastic waste.
The global expansion of distribution channels has also played a crucial role in making spring water accessible in regions where it was previously unavailable, boosting global consumption. Moreover, as consumer behavior shifts towards healthier lifestyle choices, there is a growing preference for beverages that offer health benefits without added chemicals or sugars.
This trend has made spring water a popular choice for everyday hydration, as well as a premium offering in restaurants and cafes. Marketing strategies focusing on the natural purity and health benefits of spring water, combined with celebrity endorsements and strategic alliances, continue to attract a broad consumer base. Together, these factors contribute to the dynamic growth of the spring water market, highlighting its ongoing relevance in a health-oriented consumer market.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Bottled Spring Water segment, which is expected to reach US$304.1 Billion by 2030 with a CAGR of a 6.9%. The Canned Spring Water segment is also set to grow at 5.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $65.6 Billion in 2023, and China, forecasted to grow at an impressive 10.6% CAGR to reach $81.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Spring Water Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Spring Water Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Spring Water Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as 3 Spring Water Company, LLC., Bisleri International Pvt. Ltd., BlueTriton Brands, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 250 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $240.7 Billion |
| Forecasted Market Value (USD) by 2030 | $376.3 Billion |
| Compound Annual Growth Rate | 6.6% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Spring Water - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Increasing Popularity of Flavored Spring Water Expands Addressable Market Opportunities
- Consumer Preference for Natural and Organic Products Generates Demand for Spring Water
- Global Increase in Per Capita Water Consumption Drives Market Expansion
- E-commerce Growth Boosting Accessibility and Sales of Spring Water Brands
- Health Trends Promoting Hydration Cultures Propel Spring Water Consumption
- Expansion of Hospitality and Travel Industries Bolsters Spring Water Demand
- Shift Towards Low-sugar Diets Bodes Well for Unsweetened Spring Water Products
- Global Urbanization and Changing Work Environments Drive Bottled Water Consumption
- Growing Concerns Over Tap Water Safety Elevates Consumer Shift Toward Spring Water
- Wellness Programs and Corporate Health Initiatives Include Spring Water as a Staple, a Key Trend
FOCUS ON SELECT PLAYERS (Total 86 Featured)
- 3 Spring Water Company, LLC.
- Bisleri International Pvt. Ltd.
- BlueTriton Brands
- Danone S.A.
- Gerolsteiner Brunnen GmbH & Co. KG
- Icelandic Water Holdings hf (Icelandic Glacial)
- JUST Water
- Keurig Dr Pepper Inc.
- Magnetic Springs
- Mountain Valley Spring Water
- Nongfu Spring
- Premium Waters, Inc.
- Ten Spring Water
- The Coca-Cola Company
- Tibet Water Resources Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/l2yw8n
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
