The global bottled water market is estimated to have reached more than $168 billion in 2015. During the next six years, the market is forecast to reach $319 billion stimulated by rising population, consumer spending patterns, lifestyle trends and growing levels of health consciousness, among other factors. The Sub-Saharan bottled water market is estimated to be $2.5 billion and growing at 25% per annum.
The global bottled water market is expected to reach a compound annual growth rate of 9.5% from 2016-2022.
Convenience is a major factor that supports the growth of this market. Premium quality and taste of bottled water is another major factor fueling the market growth. With the rise in health concisous consumers and end users bottled water is portable and convenient which will continue to drive growth within the market over the forecast period.
Developing markets are also expected to outpace developed markets in bottom line terms. Asia-Pacific is estimated to continue to lead the market, growing at a compound annual growth rate of 10.6% (according to the latest Allied Market Research). China held more than one-third of the total share of the Asia-Pacific bottled water market and India is estimated to grow at the highest compound annual growth rate of 15.1% in terms of revenue.