Global Sparkling Bottled Water Market Analysis and Forecast, 2019-2028

Introduction

The global sparkling bottled water market has been growing rapidly in recent years, driven by increasing consumer demand for healthier and more convenient beverages. Sparkling bottled water is a type of carbonated water that contains carbon dioxide bubbles and can be flavored or unflavored. This market report provides a detailed analysis of the global sparkling bottled water market, covering market size, growth rate, market dynamics, and major players.

The global sparkling bottled water market is expected to grow significantly over the next five years, driven by increasing consumer demand for healthier and more convenient beverages. The growing popularity of flavored sparkling bottled water, the increasing demand for convenient and portable beverages, and the growing awareness of the health benefits of sparkling bottled water are major drivers of market growth. The market is highly fragmented, with several major players operating in the market, and is expected to see increased competition in the future.

Market size and growth rate

The global sparkling bottled water market size was valued at approximately US$ 34 billion in 2022 and is expected to reach US$ 45 billion by 2028, growing at a CAGR of 4.5% during the forecast period. The increasing popularity of sparkling bottled water as a healthy alternative to sugary drinks and the growing demand for convenient and portable beverages are major drivers of market growth.

Market dynamics

• Increase in health awareness: The growing awareness of the health benefits of sparkling bottled water, such as hydration and reduced sugar intake, is driving the demand for this product.
• Convenience and portability: The rise in demand for convenient and portable beverages has also boosted the market for sparkling bottled water, as consumers can easily carry a bottle of sparkling water with them for on-the-go hydration.
• Growing demand for flavored water: The increasing popularity of flavored sparkling bottled water has also fueled market growth, as consumers are seeking new and exciting taste experiences.

Major players

The global sparkling bottled water market is highly fragmented, with several major players operating in the market, including Nestlé, PepsiCo Inc., National Beverage Corp., Keurig Dr Pepper Inc., The Coca-Cola Company, Danone S.A., SANPELLEGRINO S.p.A., and Hiball, among others. These players are focusing on product innovation, strategic partnerships, and expansion into new markets to enhance their market presence and increase their market share.

Geographical Analysis

The global sparkling bottled water market is segmented into North America, Europe, Asia-Pacific, and the rest of the world. North America and Europe are leading markets for sparkling bottled water, driven by high consumer demand and the presence of established players in these regions. Asia-Pacific is a growing market for sparkling bottled water, driven by the increasing popularity of this product in countries such as China and India.

Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

Primary Intelligence

• RationalStat utilizes surveys, questionnaires, focus groups, and one-to-one interviews with CXOs, industry partners, trade bodies, association members, ex-employees, and industry professionals to collect insights and quantitative/qualitative data specific to client needs. RationalStat quickly gets to the ‘why’ behind the ‘what’ demonstrated by secondary data.
• RationalStat takes a unique approach to arrive at market conclusions and actionable insights for clients.
• We have the technology and strong in-house resource pool with extensive experience in the global and regional markets, across a wide variety of categories and stakeholders.
• Strong language proficiency and capability with coverage across more than 70 language areas.

Secondary Sources

• Annual reports, company filings, investor presentations, product catalogs, and company documents
• Industry and market-related documents available in the public domain
• Paid databases including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, and Thomson Reuters, among others
• Whitepapers, research papers, and industry blogs.