The Asia Pacific Spring Water Market would witness market growth of 8.5% CAGR during the forecast period (2022-2028).
The mineral content of spring water is high, which is significant given that the human body is composed of almost two-thirds water. This natural resource is crucial for cleansing, toxin elimination, and enabling each organ to perform as it should, including the brain, which is 75% water. Therefore, it should never be considered a costly luxury to have access to pure, clean, and mineral-rich drinking water since it is necessary for a healthy body and mind and is what people have been ingesting for thousands of years.
Throughout the beginning of time, spring water has been used for its incomparable health advantages due to its natural mineral composition. While the large plastic business has gone to great efforts to suppress these facts, spring water is inherently abundant in minerals. It stands on its own when contrasted to municipal tap or bottled water, which have their respective quantities of chlorine, antibacterial agents, and medications.
More than any other form of water, spring water's biological filtering process gives a wealthy mineral profile. Nevertheless, this should not be confused with firms who advertise their goods as having "mountain water" or "glacier water," for example. Both these labels and "purified water," which can still include potentially dangerous chemicals and microorganisms, are unregulated.
India's inadequate water management practices have led to the provision of polluted water for consumption. The poor quality of the water in India contributes to increased demand for bottled water. Also, to guarantee that bottled water on the market is of high quality, the Food Safety and Standards Authority of India (FSSAI) has made the BIS certification for manufacturing and marketing packaged drinking water mandatory. All of this would encourage the market for local spring water to expand.
The China market dominated the Asia Pacific Spring Water Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $28,814.4 million by 2028. The Japan market is estimated to grow a CAGR of 7.9% during (2022 - 2028). Additionally, The India market would experience a CAGR of 9.2% during (2022 - 2028).
Based on Packaging Type, the market is segmented into Bottled and Canned. Based on Distribution Channel, the market is segmented into Specialty Stores, Hypermarkets/Supermarkets and Online Retail. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Spring Water Market is Projected to reach USD 347.2 Billion by 2028, at a CAGR of 7.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include PepsiCo, Inc., Nestle S.A., Tata Consumer Products Limited (Tata Group), The Coca-Cola Company, Mountain Valley Spring Company, LLC (Primo Water Corporation), Keurig Dr Pepper Inc, Orient Beverages Limited, TEN Spring Water, 3 Springs Water Company LLC, and Gerolsteiner Brunnen GmbH & Co KG.
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