The Europe Premium Bottled Water Market would witness market growth of 5.7% CAGR during the forecast period (2021-2027).
The tap water is carefully treated to make it drinkable even though it may get contaminants and impurities even after filtration because it has to pass through a lot to finally get to the faucet from where it is consumed. However, bottled water does not have such safety issues. The water is packed in the bottles in purest form ensuring that it does not have any kind of impurities. Moreover, another benefit of bottled packaging of water to business organizations is that it can be a great tool used for advertising. The label of the water bottle can easily be used to deliver the message to the consumer.
A large number of people are shifting toward the adoption of bottled water from tap water due to its better taste. In addition, various options in terms of the flavor of water are available in the market breaking the sameness of a single flavor. The added flavors are usually the addition of various nutrients & electrolytes that are requirements of the body.
The people of the European region are highly concerned to follow a healthy lifestyle and are thus demanding for drinking water with enhanced quality & better nutritional value. Additionally, the cases of obesity are continuously in increasing in many countries of Europe especially in children aging 11 to 13. As per a report published by the WHO Europe in 2012-13, 27 per cent of the 13-year-old & 11 per cent of the 11-year-old children were overweight in the Europe region. This increase in number of obesity cases is the result of the high consumption of various kinds of soft drinks by these age groups influenced by the attractive advertising of such products.
The Germany market dominated the Europe Premium Bottled Water Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,930.8 Million by 202. The UK market is exhibiting a CAGR of 4.8% during (2021 - 2027). Additionally, The France market would display a CAGR of 6.5% during (2021 - 2027).
Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Specialty Stores, Online, and Other. Based on Product, the market is segmented into Mineral Water, Spring Water, Sparkling Water, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Premium Bottled Water Market Size will Hit $24.6 Billion by 2027, at a CAGR of 5.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include include Lofoten Arctic Water AS, ROI water, Berg Water (2001 Investments Limited Company), Uisge Source, VEEN, NEVAS GMBH, and Beverly Hills Drink Company.
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