by The U.S. bottled water market dominates as the largest bottled water consuming country globally. Bottled water is a convenient and portable drinking water option that provides hydration on-the-go. It comes in various packaging types like PET bottles, glass bottles and stand-up pouches based on personal needs and preferences. Bottled water witnesses higher consumption among health conscious population as natural mineral water supports optimal hydration and contains lesser impurities than other sources. The growing awareness about importance of consuming pure water for overall health and wellness has been a key factor fueling the sales of bottled water.
The U.S. Bottled Water Market is estimated to be valued at US$ 30029.56 Bn in 2024 and is expected to exhibit a CAGR of 10 % over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the U.S. bottled water market are Amgen, Gilead Sciences, Biogen, Pfizer, Novartis, Roche, Johnson & Johnson, Sanofi, Merck & Co., AbbVie, GlaxoSmithKline, AstraZeneca, Eli Lilly, Novo Nordisk, Bayer, Bristol-Myers Squibb, Teva Pharmaceutical, Takeda Pharmaceutical, Boehringer Ingelheim, Astellas Pharma.
Consumers’ rising health consciousness andbusy lifestyles have been driving strong demand for bottled water in the country. Also, increasing promotion of U.S. Bottled Water Market Size by manufacturers through various marketing campaigns is influencing the purchase decisions of consumers. Further, the bottled water industry players are focused on expanding their production capacities and global footprint to cater to the growing worldwide demand for packaged drinking water.
Market Drivers
One of the key drivers for the U.S bottled water market’s growth is the rising health awareness among population regarding importance of drinking pure water for overall well-being. As bottled water is perceived to be more hygienic than tap water due to stringent production standards, its consumption provides hydration in safe and germ-free form. Also, shifting consumer preferences towards convenient on-the-go packaging of bottled water to quench thirst while traveling or during physical activities is bolstering the market expansion. Its availability through organized retail chains and online retail mediums is further supporting the product’s widespread adoption.
Impact of geopolitical situation on the growth of U.S. Bottled Water Market
The current geopolitical instability across various regions is negatively impacting the growth of U.S. Bottled Water Market Size. Escalating tensions between major economies and disruptions in global supply chains due to trade wars are hindering the import and export of bottled water in the country. Additionally, economic sanctions on certain nations by the U.S. government are restricting international business opportunities for bottled water companies. However, bottled water being a basic necessity, demand is still expected to remain stable in the domestic market. To counter external challenges, market players will need to focus on developing strong local sourcing and manufacturing networks. They will also have to diversify and expand to other growing international markets through strategic partnerships to mitigate risks arising from geopolitical issues. Building resilient and agile supply chains capable of quickly adapting to dynamic policy changes will be a key priority.
Geographical regions where U.S. bottled water market is concentrated in terms of value
The Western and Southern regions of the United States account for the bulk of revenues in the U.S. bottled water market due to higher population and economic activity. States like California, Texas and Florida have emerged as major value generators as their warm climate and busy lifestyle of people drive strong bottled water consumption throughout the year. The availability of major bottling plants of leading companies also contributes to regional concentration of market worth in these areas. Other populous coastal states along the East Coast such as New York and southeastern states also represent lucrative business hubs. However, bottled water demand is steadily increasing even in the interiorNorthern and Central regions on back of rising health awareness.
Fastest growing region in the U.S. bottled water market
The South Central region covering states like Arizona, New Mexico and Nevada has been witnessing the fastest value growth in the U.S. bottled water market owing to climatic and demographic factors. Soaring temperatures for most part of the year coupled with rapid population increase, especially among younger age groups fuel perpetual bottled water usage. Moreover, travelers and tourists flocking to these popular tourist destinations on the rise are augmenting on-the-go bottled water requirement. The ongoing economic and infrastructure development activities also contribute to strong market expansion. Leading players have been quick to capitalize on opportunities by enhancing local production and expanding retail presence aggressively across the South Central region.
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1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
