The Latin America, Middle East and Africa Spring Water Market would witness market growth of 9.7% CAGR during the forecast period (2022-2028).
Spring water often has the most significant concentrations of the mineral’s potassium, magnesium, sodium, and calcium. According to the World Health Organization, drinking water high in magnesium and calcium can lower the risk of heart disease and osteoporosis. Many reputable spring water producers also offer products that are low in sodium or sodium-free to prevent the potential complication of hypertension in vulnerable populations.
With chloride, sodium is a crucial element as an electrolyte to maintain the body's water equilibrium. Regrettably, salt needs to be understood in nutrition and conventional medicine and have a better name. For those with pre-existing medical issues or anybody else who has to follow a low-sodium diet, several firms that package spring water provide low or no-salt choices. Interestingly, research indicates that spring water's calcium and magnesium concentration reduces blood pressure and protects against heart disease, which some experts assert may offset any possible adverse effects of the salt level.
Those abusing heroin, cocaine, or alcohol for a long time often do not want to drink water. Their addictions were lessened when the physicians had them drink high-quality spring water. The same treatment applies to those dependent on nicotine, caffeine, or salt.
The region's hospitality industry is expanding as a result of the well-established travel and tourism industries in the Gulf Cooperation Council (GCC) nations like the United Arab Emirates. All through the Middle East, opulent hotels are being built, creating new locations for cafes and restaurants. Because of this, there is a higher need for bottled water to be given to customers at restaurants. However, because of its high temperatures, the Middle East is one of the driest regions on earth. To meet the nation's increased demand for drinking water, the government of the United States Arab is boosting its investment in the creation of cutting-edge water technology and infrastructure. This supports the growth of the regional market.
The Brazil market dominated the LAMEA Spring Water Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $6,192.5 million by 2028. The Argentina market is experiencing a CAGR of 10.3% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 9.4% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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