According to a new report, published by KBV research, The Global Premium Bottled Water Market size is expected to reach $24.6 billion by 2027, rising at a market growth of 5.8% CAGR during the forecast period.
The Specialty Stores segment shows high growth rate of 6.1% during (2021 - 2027). Specialty stores offer a limited variety of products and are easy to reach for a consumer due to which the purchase from this segment is increasing continuously contributing to the growth of the premium bottled water market.
The Mineral Water segment acquired maximum revenue share in the Global Premium Bottled Water Market by Product 2020, thereby, achieving a market value of $9.8 billion by 2027. The high demand for mineral water is the result of the rising awareness regarding the health benefits of its consumption & growing spending on premium products resulting in market growth.
The Europe is the fastest growing region in the Global Premium Bottled Water Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $8.6 billion by 2027. The North America market is poised to grow at a CAGR of 5.4% during (2021 - 2027). Additionally, The Asia Pacific market would display a CAGR of 5.9% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/premium-bottled-water-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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