Profitability of Bottled Water Companies
The bottled water business is profitable. Profit margins range from 50% to 200%. In 2019, U.S. bottled water sales volume was about 14.4 billion gallons, the highest ever. The global market size was $217.66 billion in 2020. It’s projected to grow around 11% annually through 2028. Reasons for profitability include the evergreen market and consumers worrying about health. The largest company is Nestle Waters, with over $100 billion in annual sales. About 50 billion bottles are purchased yearly in the U.S. When you think profitable, bottled water may not come to mind. But consider vitamin water’s popularity in the 2000s or sleek bottle designs in recent years.
Profit Margin of Bottled Water
Bottled water is a profitable business. Profit margins range from 50% to 200%. The global market size was $217.66 billion in 2020. It’s projected to grow around 11% annually through 2028. In 2019, U.S. bottled water sales volume was the highest ever at about 14.4 billion gallons. Reasons for profitability include the evergreen market and consumers worrying about health. About 50 billion bottles are purchased yearly in the U.S. The largest company is Nestle Waters, with over $100 billion in annual sales. Bottled water may not initially seem a profitable business. But consider vitamin water’s popularity in the 2000s or sleek bottle designs in recent years.