New York, February 22, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Bottled Water Size Analysis, Share & Bias by Product, By Segment and Segment Projections, 2021 – 2028 “- https: //www.reportlinker.com/p05491687/?utm_source=GNW
Growth and trends of bottled water market
The global bottled water market size is expected to reach 505.19 billion USD by 2028. It is expected to expand at a CAGR of 11.1% from 2021 to 2028. The growing awareness of adverse health effects from drinking sugary drinks, such as weightlifting, obesity, diabetes, and heart disease, supports the consumption of other beverages, such as lukewarm water and lukewarm water.
Market growth is largely due to rising awareness of the importance of irrigation. Following a study conducted by the International Association of Bottled Water in 2018, it was revealed that 93% of American citizens want bottled water to be sold in most stores. beverage.
A large section of the population prefers to avoid thirst by using bottled water over other drinks.
More choice for nutrient-fortified water is falling because of the importance of health and well-being among consumers. Demand for water has been growing among travelers, work professionals, and for domestic use.
COVID-19 has impacted the market for bottled water as many fast service restaurants have seen a sharp drop in their sales. For example, according to a blog post by CNBC LLC, McDonald’s had seen a 22% decline in March compared to the previous month.
COVID-19 forced the company to close their dining rooms.
Highlights Bottled Water Market Reports
• The trend toward packaged water rather than conventional water, especially among younger buyers, drives product sales. Keeping track of this trend, several restaurants are providing bottled water to meet consumer demand.
• The pure water sector maintained the largest share of more than 35.0% in 2020. According to a United Nations study published in 2018, nearly 16,000 plants are detoxified across 177 countries that are providing pure water.
• Sparkling water is expected to be the fastest growing stretch with a CAGR of 11.7% from 2021 to 2028. Golden water is also marketed as spicy drinking water or spicy mineral water. Water containing the same amount of carbon dioxide as the source after treatment is defined as pure water.
• Asia Pacific maintained its largest market share in 2020 and is expected to continue through the forecast period. The regional market is largely driven by the growing preference for bottled water due to health issues arising from the consumption of contaminated water in countries, including China. and India
Read the full report: https://www.reportlinker.com/p05491687/?utm_source=GNW
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