LONDON--(BUSINESS WIRE)--The global packaged natural mineral water market is expected to post a CAGR of over 7% during the period 2019-2023, according to the latest market research report by Technavio.
Mineral water is a rich and concentrated source of many minerals and has various health benefits. It is a good source of calcium, potassium, and magnesium, which enhances healthy digestion. The regular consumption of packaged natural mineral water increases the sheen of the skin, as it contains skin-friendly silica particles, which trigger the production of collagen. Consumption of packaged natural mineral water also helps in the prevention of pain and inflammation caused due to arthritis. Thus, the growing awareness about the benefits of mineral water consumption among health-conscious consumers is a significant driver for the growth of the global packaged natural mineral water market.
As per Technavio, the rising popularity of premium packaged natural mineral water will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global packaged natural mineral water 2019-2023 research report also analyzes other significant trends and market drivers that will affect market growth over 2019-2023.
Global packaged natural mineral water market: Rising popularity of premium packaged natural mineral water
The growth of the global packaged natural mineral water market is being driven by the increasing popularity and demand for premium packaged natural mineral water, which include variants such as packaged flavored natural sparkling mineral water and packaged flavored natural still mineral water. For instance, in July 2017, Nestle's Perrier brand launched a new range of packaged natural sparkling mineral water in two new flavors - strawberry and watermelon. Moreover, the increasing focus on health and wellness is also driving the growth of the global packaged natural mineral water market.
“The growing demand for packaged mineral water led many major vendors operating in the global market to focus on launching their products with innovative packaging to attract consumers. Furthermore, vendors have also been focusing on adopting eco-friendly and recyclable packaging solutions to attain better sustainability. Thus, packaging innovations with environmental sustainability are expected to be a major factor driving the growth of the global packaged natural mineral water market during the forecast period,” says a senior analyst at Technavio.
Global packaged natural mineral water market: Segmentation analysis
This market research report segments the global packaged natural mineral water market by end-user (enterprise and residential), by product (PCs and smartphones and tablets) and geographical regions (Europe, APAC, North America, South America, and MEA).
The European region led the market in 2018, followed by APAC, North America, South America, and MEA respectively. However, during the forecast period, the South American region is expected to register the highest incremental growth due to the increasing health consciousness among consumers in the region.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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