Premium water bottles set themselves apart from the mainstream with a unique selling point. They attract a target group of consumers and command a higher value than the mainstream market. Price could be linked with the source of water, which may have a distinct mineral composition or link to a specific place or area. The purity of water and added functionality are also key selling points. Premium bottled water may have less sodium, high mineral, and special glass or plastic packaging.
Nowadays, consumers are seeking added value in their purchases and turning to premium brands. Premium bottled water satisfies the growing consumer needs by introducing value-adding to drinking water. The demand for premium water is expanding from a niche category of consumers to a wider audience. The acceptance of premium bottled water is also gradually growing in emerging countries, such as Brazil.
Furthermore, various premium brands are moving beyond bottled water into other categories. Brands, such as Evian and Volvic, have expanded their range from pure water to flavors and fruit inclusions. Hence, the growing acceptance of premium bottled water is likely to offer lucrative opportunities to the South & Central America bottled water market during the forecast period.
The South & Central America bottled water market is segmented on the basis of type, flavor, category, distribution channel, and country. Based on type, the market is bifurcated into sparkling and still. In 2022, the still segment held the largest market share.
Based on category, the market is bifurcated into functional and onventional. In 2022, the conventional segment held a larger market share. Based on flavor, the market is bifurcated into plain and flavored. In 2022, the plain segment held the largest market share.
Based on distribution channel, the market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. In 2022, the convenience stores segment held the largest market share.
Based on country, the regional market is segmented into Argentina, Brazil, and the Rest of South & Central America. The Rest of South & Central America has contributed a substantial share in 2022.
Danone S.A.; FiJI Water Company LLC; Gerolsteiner Brunnen Gmbh and Co. Kg; Nestle S.A.; PepsiCo, Inc.; and the Coca-Cola Company are the leading companies operating in the South & Central America bottled water market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 13.46 Billion |
| Market Size by 2028 | US$ 15.98 Billion |
| CAGR (2022 - 2028) | 2.9% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South & Central America Bottled Water Market is valued at US$ 13.46 Billion in 2022, it is projected to reach US$ 15.98 Billion by 2028.
As per our report South & Central America Bottled Water Market, the market size is valued at US$ 13.46 Billion in 2022, projecting it to reach US$ 15.98 Billion by 2028. This translates to a CAGR of approximately 2.9% during the forecast period.
The South & Central America Bottled Water Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South & Central America Bottled Water Market report:
The South & Central America Bottled Water Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South & Central America Bottled Water Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South & Central America Bottled Water Market value chain can benefit from the information contained in a comprehensive market report.
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