Market insights:
Increasing health concerns, and unavailability of clean drinking water have led to the growth of the bottled water market in India. The market is expected to reach INR ~403.06 Bn by the end of 2023, from its current value of INR ~160 Bn, expanding at a compound annual growth rate (CAGR) of ~20.75% from 2018. Based on volume, the market is likely to reach ~35.53 Bn liters by 2023, expanding at a CAGR of ~18.25% from 2018 to 2023. The major bottled water brands operating in India are Bislery, Kinley, and Aquafina.
Stock keeping unit (SKU)-wise segment insights:
In India, bottled water is sold in four main types of SKUs - one-liter bottles, two-liter bottles, 500 milliliter bottles, 250 milliliter bottles, pouches, and barrels of 15-20 liters. Among the different SKUs, one-liter bottles have acquired the largest market share of ~42% in 2018, followed by 500 milliliter bottles and 250 milliliter bottles.
Market trends:
• Flavored bottled drinking water has become popular in India. Different kinds of flavored water containing fruit essence and artificial sweeteners like soda, cola, juice, and other sweetened beverages often act as a substitute to plain bottled water. At times consumers prefer flavored bottled water to normal bottled water. This shift is developing an opportunity to expand the product line of bottled water manufacturers in India.
• Apart from individual sales, market players in India have recently inclined towards institutional sales through partnership with airlines, movie theatres, and hotels. Such partnerships are eventually increasing the penetration of the product in the market, followed by rise in the overall sales volume in India.
Market drivers:
• India accounts for ~18% of the global population. In addition, the per-capita income of Indians witnessed a growth of ~8.6% in 2017. Moreover, increased awareness among the growing population about the importance of safe drinking water for maintaining good health, along with a sharp rise in per capita income is creating a demand for bottled water in India.
• Tourists prefer bottled water to normal tap water. The rate of foreign tourists in India is expected to increase at a rate of ~6.7% during 2015-2025. This, in turn, is anticipated to boost the sale of bottled water in India.
Market challenges:
• In recent years, a number of companies selling fake branded bottled water have cropped up in the market. These players do not maintain quality and hygiene standards, which in turn leads to health issues among consumers. As a result, consumers lose faith in bottled water, thus affecting the overall sales.
• Nearly 67% of the population resides in rural areas. However, the rate of penetration of bottled water is significantly low in these regions. This, as a result, hinders the growth of the market in India.
Companies covered:
• Bislery International Pvt. Ltd.
• Coca-Cola India Pvt. Ltd.
• Dhariwal Industries Pvt. Ltd.
• Indian Railway Catering and Tourism Corporation
• Narang Group
• Nestle Group
• Parle Agro Pvt. Ltd.
• PepsiCo, Inc.
• Tata Global Beverages Ltd.
• United Breweries Ltd.
Customization available:
With the given market data, Research on Global Markets offers customizations according to specific needs. Write to us at support@researchonglobalmarkets.com, or connect with us here.
The Smart Water Conservancy Software Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, ma...
The Water Conservancy Information Software Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landsca...
The Pharmaceutical Purified Water Solution Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landsca...
The Ion Exchange Technology For Water Treatment Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive la...
The Water Utility Asset Management Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manu...
The Crop Water Management Sensors Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manuf...
The Water Pump Rebuilding Service Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manuf...
Market Overview The Asia Pacific Pigment Dispersion Market is set for dynamic growth from 2024 to 2034. Valued at USD XX.XX billion in 2024, the market is anticipated to reach USD XX.XX billion by 2034, driven by a strong compound annual growth rate (CAGR) of XX.XX%. This growth traject...
Market Overview The Europe Pigment Dispersion Market is anticipated to witness substantial growth from 2024 to 2034, driven by increasing demand across various industries such as plastics, coatings, and inks. The market is expected to reach a valuation of USD XX.XX billion by 2034, grow...
Market Overview The North America Pigment Dispersion Market is expected to witness significant growth from 2024 to 2034, driven by advancements in technology and increasing demand across various industries. Pigment dispersion, a process involving the incorporation of pigments into a liq...