Bottled Water Market Overview
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U.S. Market and Global Growth:
- In 2019, U.S. bottled water sales volume peaked at 14.4 billion gallons.
- The global market size was $217 billion in 2020, with an annual growth rate of around 11% to 2028.
- The largest company, Nestle Waters, boasts over $100 billion in annual sales.
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Profitability and Demand
- The profitability of bottled water business is evident with profit margins ranging from 50% to 200%.
- Reasons for profitability include consistent consumer demand and health concerns.
- About 50 billion bottles are purchased yearly in the U.S.
Business Viability and Costs
- Financial Aspects
- Startup costs for a bottled water business begin at around $750,000 for licensing and facilities.
- Monthly profits can reach up to $40,000, showcasing the business’s potential.
Industry Impact and Sustainability
- Profit and Social Responsibility
- The profit margins in the bottled water industry are exceptionally high, making it a lucrative business.
- Despite the profitability, it’s important to note the disparity in clean water access between developed and developing countries.
Consumer Demand
- Popularity and Consumption
- Bottled water reaffirmed its top position as America’s preferred packaged drink in 2020 for the fifth consecutive year.
- A survey revealed that 90% of Americans desire bottled water availability wherever beverages are sold.