Drinking Water Market - Forecast(2024 - 2030)

Drinking Water Market Overview

Drinking Water Market size is estimated to reach $426.3 billion?by 2027, growing at a CAGR of 6.5% during the forecast period 2022-2027. Drinking water can be derived from a variety of natural sources, including groundwater, surface waters (lakes and rivers), and the ocean. Suspended sediments, bacteria, and hazardous compounds must be absent from drinking water. Drinking water is necessary for life owing to its ability to improve standing blood pressure and orthostatic tolerance in a large subgroup of patients with autonomic failure. Water ingestion is particularly useful in the morning before arising with or without the addition of pressor drugs. Patients with supine hypertension should avoid water drinking within one hour before bedtime. The effects of pressor agents, such as pseudoephedrine and phenylpropanolamine, are potentiated by water drinking. Ideally, drinking water should be clear, colorless, and well aerated, with no unpalatable taste or odor, and it should contain no suspended matter, harmful chemical substances, or pathogenic microorganisms. Water is drawn straight from a river or another body of fresh water in some metropolitan water systems. Rivers are dammed in other places, and water is delivered from artificial storage such as reservoirs. In terms of water quality, high levels of total suspended solids raise water temperatures while lowering dissolved oxygen (DO) concentrations. In drinking water treatment, granular filtration is considered the most widely used method. Also, chlorination is a chemical disinfection method that helps to disinfect water. Water fluoridation prevents tooth decay by exposing people to low doses of fluoride on a regular basis. The capillary action of water is the movement of water against gravity through or along the surface of any substance.

The convenience provided by bottled water and the great emphasis on drinking water treatment are set to drive the Drinking Water Market.? The increased awareness regarding waterborne ailments is set to propel the Drinking Water Market during the forecast period 2022-2027.?This represents the Global Drinking Water Industry Outlook.?

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Global Drinking Water Market Report Coverage

The report: “Drinking Water Market Forecast (2022-2027)", by Industry ARC covers an in-depth analysis of the following segments of the Global Drinking Water Market.

By Type- Mineral Water, Sparkling Water, Distilled Water, and Others.

By Treatment- Filtration, Disinfection, Sedimentation, and Others

By Distribution Channel- Supermarkets/Hypermarkets, Convenience Stores, Online Stores, and Others.

By Geography- North America (U.S, Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia, Rest of South America), and Rest Of The World (Middle East, Africa).

Key Takeaways

• Geographically, North America (Drinking Water Market)?accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027 owing to the growing concern regarding health among consumers resulting in surging demand for drinking water and the current soaring trend of fitness among consumers which in turn enhances the demand for clean drinking water.?
• Drinking Water Market growth is being driven by the expanding global population and the recovering global economy. However, the growing contamination of drinking water brings about various diseases which is one of the factors hampering the growth of the?Global Drinking Water Market.?
• Drinking Water Market Detailed Analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Global Drinking Water Market report.?

Drinking Water Market - Market Share (%) by Region, 2021

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Drinking Water Market Segmentation Analysis - By Type

The Drinking Water Market based on Type can be further segmented into Mineral Water, Sparkling Water, Distilled Water, and Others. The Mineral Water Segment held the largest market share in 2021. This growth is owing to the health benefits of mineral water like enhanced heart health, reduced blood pressure, heightened bone strength, benefits for the skin, superior digestive health, and expanded magnesium intake. Mineral water is also known as spring water owing to it coming from natural springs, which are areas where moving underground water emerges from a crack in the ground.?Magnesium-rich mineral water may also assist in avoiding and healing constipation and this is further propelling the growth of the Mineral Water segment.

Furthermore, the Sparkling Water segment is estimated to grow with the fastest CAGR of 8.1% during the forecast period 2022-2027 owing to the surging advantages of sparkling water like dehydration being avoided, providing people the same buzz as a soda, however without the calories and sugar and various methods such as carbonation and filtration being used to make sparkling water which also helps to lose weight.

Drinking Water Market Segmentation Analysis - By Treatment

The Drinking Water Market based on Treatment can be further segmented into Filtration, Disinfection, Sedimentation, and Others.?The Filtration segment held the largest market share in 2021. This growth is owing to filtration being the most extensively utilized procedure in the treatment of drinking water. Filtration takes place in a porous bed of inert material, most commonly silica or quartz sand. The filtering process can be slow or fast, and it can be operated by gravity or by forcing water through the media under pressure. The surging application of water filters removes pollutants including sediment, taste and odor, hardness, and germs from water, resulting in higher-quality water further propelling the growth of this segment.

Furthermore, the Disinfection segment is estimated to grow with the fastest CAGR of 7.7% during the forecast period 2022-2027 owing to the surging application of the disinfection method, wherein, disinfectants are added to water to kill microorganisms that cause diseases. The US Environmental Protection Agency (EPA) enables drinking water treatment plants to disinfect drinking water with chloramine and chlorine.? As per updates by the Centers Of Disease Control And Prevention (CDC), "a normal level for drinking water disinfection can range from 1.0 to 4.0 mg/L". The increasing application of ultraviolet light as a good source for the disinfection of drinking water is further propelling the growth of this segment.

Drinking Water Market Segmentation Analysis - By Geography

The Drinking Water Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America ( Drinking Water Market) held the largest share with 40% of the overall market in 2021. The growth of this region is owing to the accelerated momentum of urbanization and the movement of the population from villages and tiny towns to metropolitan cities. Mineral water is consumed in the U.S. owing to it being devoid of all types of bacteria, allowing customers to avoid a number of disorders. Safe and easily available water is essential for public health, whether it is used for drinking, cooking, or enjoyment. Improved water supply and sanitation, and better water resource management, can help countries' economic growth and poverty reduction. According to the International Bottled Water Association (IBWA), about 42.6 billion people purchase mineral water bottles every year owing to increasing seriousness among consumers towards health. Altering lifestyles, health concerns, ease of management, and portability of bottled water are further propelling the growth of the Drinking Water Market in the North American region.

Drinking Water Market Drivers

The Rising Concern Among Consumers Towards Their Health Has Readily Aided The Market Growth

According to the International Bottled Water Association (IBWA), sales of bottled water grew by 4.7% in 2020, reaching $36.3 billion (retail) and consumption grew by 4.2 percent to 15 billion gallons (56.8 billion liters). Owing to rising concerns about health, the demand for drinking water is surging attributed to water is very essential for health and the soaring inclination of people to stay away from different diseases. Concerns about numerous health problems caused by contaminated water intake, such as neurological illnesses, gastrointestinal diseases, and reproductive issues, are growing, resulting in a rise in demand for clean and sanitary bottled water. Regardless of how long the water is stored, it will be safe against bacterial contamination if it is correctly bottled. Consumers are gravitating toward beverages that are free of calories, caffeine, and preservatives since they are safe, nutritious, and refreshing. Caffeine and phosphoric acid in carbonated water can cause digestive problems, weight gain, and heartburn, among other things. Owing to the high acid level in carbonated water, customers are opting for a healthier alternative like low-calorie flavored water. Companies are concentrating their efforts to offer healthier beverages such as flavored water and functional water as a result of this trend. Owing to changing lifestyle patterns, people are attracted to healthy living and prefer clean drinking water. The rising concern among consumers towards their health is therefore fuelling the growth of the Drinking Water Market during the forecast period 2022-2027.

Increasing Number Of Constipation Patients Gives Rise To The Demand For Drinking Water Market.?

According to The National Center for Biotechnology Information, 20% of the population suffers from chronic constipation, which has a considerable negative impact on quality of life and generates severe psychological discomfort. Owing to such factors, doctors suggested consuming plenty of water for the treatment of constipation attributed to water assisting in improving the digestion and metabolism process which in turn enhances the demand for drinking water.? Owing to changing dietary patterns, constipation is a commonly seen health condition among all age groups across the world. Among the geriatric population, the prevalence of constipation increases which in turn increases the demand for drinking water owing to water being one of the fastest and most natural therapies to treat constipation. Lack of normal bowel motions owing to advancing age, inappropriate nutrition, fluid intake, and insufficient physical exercise are all factors linked to the rising prevalence among the elderly. Stress, lack of exercise, endocrine abnormalities, colon diseases, neurological dysfunction, and other factors such as environmental and pharmacological conditions are all prevalent causes of constipation in adults. The increasing number of constipation patients is propelling the growth of the?Global Drinking Water Market during the forecast period 2022-2027.

Drinking Water Market Challenges

Contaminated Drinking Water Causing Several Diseases Is Hampering The Market Growth

According to the World Health Organization, 2 billion people use a drinking water source contaminated with feces in 2020. The greatest concern to drinking-water safety is microbial contamination of drinking water as a result of feces contamination. Drinking water that is microbiologically contaminated can spread diseases like diarrhea, cholera, dysentery, typhoid, and polio, and is estimated to cause 485,000 diarrheal deaths per year. While arsenic, fluoride, and nitrate provide the greatest chemical dangers in drinking water, new pollutants such as pharmaceuticals, pesticides, per- and polyfluoroalkyl substances (PFASs), and microplastics are causing public concern. Diseases like cholera, diarrhea, dysentery, hepatitis A, typhoid, and polio have been linked to contaminated water and poor sanitation. Inpiduals are exposed to preventable health risks owing to a lack of, insufficient, or poorly managed water and sanitation facilities. This is especially true in healthcare facilities, where a shortage of water, sanitation, and hygiene services puts both patients and employees in danger of infection and disease. These issues are thus hampering the growth of the Drinking Water Market.

Global Drinking Water Industry Outlook:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Drinking Water Market. The Global Drinking Water top 10 companies are:

1. Danone S.A.
2. Pepsico Inc.
3. The Cola-Cola Company
4. 4. Nestle SA
5. Otsuka Pharmaceutical Co. Ltd.
6. Primo Water Corporation
7. Tata Consumer Products
8. Bisleri International Pvt. Ltd.
9. Nongfu Spring
10. Agthia Group

Recent Developments

• In August 2021, Tata introduced Himalayan bottled water in the U.K. Himalayan has superior quality and sustainability credentials and is positioned well to cater to consumers seeking a premium offering. This brand is enhancing the product portfolio of beverages in international markets.
• In May 2021, Volnaa planned to introduce packaged drinking water in aluminum cans, making it more effortless for people to partake in the water on the go, securely. The firm targets to challenge the danger of plastic pollution by producing cans that are 100% recyclable with relock revolution. Kartik Rajput and Kushagra Sharma co-founded VOLNAA in 2020 to transport natural mineral water with a 7.9 pH level sourced from the Himalayas.
• In February 2020, Agthia Group PJSC announced the launch of the Al Ain Plant Bottle, the region's first plant-based water bottle. An MoU was also endorsed between Agthia and Veolia, a global leader in optimized resource management, to introduce a PET water bottle collection initiative in the United Arab Emirates (UAE). The packaging of the novel Al Ain Plant Bottle is environmentally friendly and prepared of 100% plant-based sources, inclusive of the cap.

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