The Latin America, Middle East and Africa Premium Bottled Water Market would witness market growth of 8.5% CAGR during the forecast period (2021-2027).
Bottled water also serves with various cations and anions required for proper functioning of body. The cations present in bottled water include potassium (K), sodium (Na), magnesium (Mg), & calcium (Ca) and the anions present in the bottled water are bicarbonate (HCO3), sulfate (SO4), and chloride (CI). The cations like magnesium helps the nerve system work well and also support heartbeat to be steady, bones to remain strong and maintaining the health of immune system.
Additionally, the human brain is highly influenced by the hydration status of the body. Various studies have concluded that even the mild dehydration can result in impairing the brain’s functioning. Constipation is another common problem due to less consumption of water. A high intake of mineral bottled water containing a sufficient quantity of magnesium & sodium can improve bowel movement resulting in decreasing constipation.
The countries under Gulf Cooperation Council (GCC) like United Arab Emirates in the region have a well-established travel & tourism industry which is further resulting in the growth of the hospitality sector of the region which is increasing the demand for bottled water to be served to the people visiting in food service outlets.
Also, the Middle East region is among the driest region of the world due to the high temperature. The government of the United States Arab is rising the investment in the development of advanced water technologies & water infrastructure to fulfill the increasing demand for drinking water in the country.
The Brazil market dominated the LAMEA Premium Bottled Water Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $446.7 Million by 2027. The Argentina market is estimated to witness a CAGR of 9% during (2021 - 2027). Additionally, The UAE market would exhibit a CAGR of 8.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Premium Bottled Water Market is Predict to reach $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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