The demand for bottled water has increased all around the world. Bottled water businesses have seen substantial industry expansion due to the rising demand for safe and healthy drinking water. The global market for bottled water was estimated to be worth $217.7 billion in 2020, and from 2021 to 2028, it is anticipated to increase at a compound annual growth rate of 7.8%. Which company sells the most bottled water globally, then?
These five beverage giants—Nestlé, Danone, Coca-Cola, PepsiCo, and Tingyi—are the top producers of bottled water worldwide. The largest manufacturer of bottled water is Nestlé, which holds a about 23% market share. Poland Spring, Deer Park, Perrier, and San Pellegrino are some of the company’s brands. Danone comes in second place, holding a market share of about 21%. Brands of water offered by the corporation include Badoit, Volvic, and Evian.
Various sources, including spring water, filtered water, and mineral water, are used by businesses to obtain their water. Spring water is gathered at the surface from subsurface sources. Mineral water has a precise concentration of minerals and trace elements, whereas purified water is subject to filtering to remove any pollutants.
Is water free in Canada? In Canada, water is not free. Although there is a plentiful quantity of fresh water in Canada, it is not available for free commercial use. Businesses that extract water for profit must pay the government a fee based on the amount of water they consume.
For a number of reasons, bottled water is pricey. Significant amounts of raw materials, energy, and water are needed to produce bottled water. The cost of shipping bottled water is another factor in its high price. Additionally, bottled water is more expensive than tap water due to the branding and marketing that go into it.
In the USA, the price of one liter of water varies by brand and area. A liter of bottled water typically costs roughly $1.50, whereas a liter of tap water only costs pennies. To ensure that tap water is safe for consumption, extensive testing and treatment must be taken into account.
In conclusion, the bottled water sector is a sizable player on the international stage. With a combined market share of over 44%, Nestlé and Danone are the global leaders in this sector. Water is obtained by businesses from a variety of sources, and bottled water is more expensive than tap water because of the expense of manufacture, shipping, and branding. In Canada, water is not free, and the price of a liter of water in the USA varies by brand and area.