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Spring Water Market to Reach US$ 497.37 Bn by 2032; Awareness of Health Benefits of Bottled Water Spurring Demand, Finds TMR Study
The market share for spring water in bottled water industry is rising on the back of robust packaging that improves the shelf-life. Additionally, there is a shift toward portable bottled water to meet the consumer needs of hydration in various countries. Companies in the spring water market are keen on promoting the health and nutritional benefits of bottled water over carbonated beverages. The inclination toward glass bottles will expand the avenues for expansion of the spring water market.
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The TMR study on the spring water market found that relatively few numbers of large-sized bottled water companies control considerable shares. Prominent players include Tata Consumer Products Limited (Himalayan), Premium Waters, Inc., 3 Springs Water Company LLC, Danone (Evian), Coca-Cola (Valpre), Ten Spring Water, Berrington Water, PepsiCo, Nestle S.A., Orient Beverages Pvt. Ltd., CG Roxane, LLC, and Orient Beverages Pvt. Ltd.
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