According to Grand View Research, the global bottled water market size is US$303.9 billion in 2022 and is expected to reach US$509.2 billion by 2030 and is expected to grow at a CAGR of 6.7% until 2030. According to Statista.com, the U.S. bottled water market will reach $94 billion in revenue by 2023 (up from $83 billion in 2022), and the U.S. is expected to grow at a CAGR of 6.34% from 2023 to 2027.
In 2021, 15.3 billion gallons of bottled water will be sold in the United States, with sales increasing every year. According to Statista.com, bottled water remains the most consumed beverage in the U.S., with carbonated soft drinks not far behind.
There are many strong drivers for the market, the first of which is the growing concern over various related health issues such as water pollution and gastrointestinal diseases. These concerns have led to an increased demand for clean and hygienic packaging options.
Related to this is the rising shortage of drinking water in several parts of the world, further driving the demand for safe drinking water, thereby boosting product sales. Last but not least, in the United States, regulators are proposing the first national drinking water standards for “permanent chemicals” that harm human health. As a result, players whose products meet these criteria stand out.
At the same time, consumers are becoming more health and wellness-conscious and paying more attention to nutrient-fortified water. This applies to travelers, working professionals, and people who buy water for indoor use. Over the past few years, products with labels like alkaline, electrolyte-rich, fortified, CBD infused, and extra hydrogen or oxygen fortified have grown in popularity. With the rapidly growing demand for bottled water, investors can benefit from the numerous opportunities emerging in this space.
Today we will focus on four stocks in this sector; INKW, WTER, PRMW and NSRGY.
Green concept INKW is a bottled water company that supplies natural artesian water under the BE WATER™ brand from one of the company’s seven natural artesian wells. It also serves Happy Mellow, its brand of CBD-infused beverages.
Late last year, the company released a new six-pack configuration of BE WATER, which has been welcomed by many retailers due to its smaller size, attractive packaging and superior taste. BE WATER is now available in 6-packs, 24-packs and an upcoming gallon size configuration.
On March 21, the company said it had secured new retail distribution of its bottled water products in 500 grocery stores and expected to reach all locations by late April.It has finalized retail and distribution agreements with Merchants Distributors (MDI) and Lowes Foods, both of which are now selling BE WATER’s new six-pack configuration in the Eastern US
Lenny Greene, CEO of Greene Concepts, said: “We have worked hard to secure the first major grocery distribution agreement for BE WATER. MDI and Lowes Foods have seen the value in introducing our BE WATER six-pack and we are delighted to be working with them “It will take time to build retail relationships and share the benefits of BE WATER and its appeal to consumers with distributors and retailers. We have been able to secure both accounts, leading to aggressive action in the production and distribution of BE WATER. This It’s an important step forward for all of us.”
Mr. Greene continued, “Our water also helps meet needs related to water scarcity. Worldwide and in the United States, more than 1.2 billion people lack access to clean drinking With the release of the country’s first National Drinking Water Standards in March 2023, concern for quality water is more prevalent than ever. We are authorized and ready to provide products to the Federal Government (FEMA) to assist in this effort as needed We see a great opportunity for INKW to continue to succeed by offering products that provide clean and hydrating bottled water to the masses, while meeting the nation’s and the world’s water needs with BE WATER.”
For more information on Greene Concepts (INKW), visit: https://greeneconcepts.com/ and brand information at: https://bewaterbeyou.com/ and https://happymellow.com/.
alkaline water company winter is a bottler of alkaline drinking water with a pH balance of 8.8. Its products are available in bulk and single serving sizes as well as environmentally friendly aluminum packaging options. The company applies a proprietary electrolysis process to its water production, enabling Alkaline88 to deliver alkaline drinking water with a pH of 8.8, which contains trace minerals and electrolytes, hence the name “clean drink”.
On March 23, the company said its Alkaline88 1-gallon product is now available nationwide, in all Whole Foods stores. The most recent expansion places it at 306 additional locations across six divisions — Mid-Atlantic, Midwest, Northeast, North Atlantic, Northern California, and Rocky Mountain.
Primo Water PRMW is a bottled water provider that provides consumers with purified, spring and mineral water as well as water filtration services. It operates on a recurring revenue model in the 3 gallon or larger large format water category.
The company specializes in distributing water dispensers at various price points through 10,000 retail locations and online. These water dispensers help increase penetration in homes and businesses, thereby driving recurring purchases of the water solutions offered by the company.
On February 3, Primo Water secured an additional source of spring water near the existing Mountain Valley Spring in Garland County, Arkansas.
Nestle NSRGY is a Swiss nutrition, health and wellness company producing prepared dishes and cooking aids, dairy products, pharmaceutical and ophthalmic products, baby food, cereals and last but not least, natural minerals and purified bottled water. Its brands include Pure Life, S.Pellegrino, Perrier, Acqua Panna, etc.
Last year, the company said it would invest $107 million by 2030 in low-carbon logistics for its three international water brands, focusing on increasing the use of alternative fuels and shipping options, and optimizing trucking payloads and routes. Many of the company’s water brands use bottles made from recycled plastic.
The bottled water market is booming, with more than 1 million bottles sold every minute worldwide. The industry is expected to nearly double in size by 2030.
It therefore offers investors several attractive opportunities, especially with regard to the shares of companies with a strong distribution network and access to artisan and spring water bases.
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To view the original version on ABNewswire, visit: Bottled water market boosted by scarcity, health and wellness concerns