Global Bottled Water Industry Overview
The global bottled water industry has a market size of $342.4 billion. Mexico had the highest bottled water consumption per capita worldwide in 2017, followed by Thailand. About 50 billion bottles of water are purchased in the U.S. each year. One of the most successful bottled water companies is Nestle Waters, with gross annual sales of $104.11 billion. The segment of still bottled water has dominance in terms of both revenue and volume in the global market. Flavored water in particular has been gaining popularity.
Major Players and Trends
Bottled water comes from springs, wells and other sources. It is used as an alternative to tap water and for its portability. Increasing water pollution and preferences for better tasting water are also driving market growth. The growing use of bottled water in alcoholic drinks and the addition of sugars and flavors make it attractive to younger consumers.
Key Country Statistics
China is the largest producer of bottled water worldwide, accounting for 26% of total volume. France, China and Italy are the largest exporters in value terms, with a 53% share of global exports. Aquafina is the top selling brand in the U.S.