Leading players operating in the U.S. bottled water market include Nestle Waters, CG Roxane, LLC., Suntory Beverage & Food Ltd., Groupe Danone, Mountain Valley Spring Company, LLC., The Coca-Cola Company, and PepsiCo, Inc., finds Persistence Market Research (PMR). A number of prominent players are focusing on launching advanced water products that provide several health benefits and are safer to consume in all environments, in key strategy to stay ahead of others, notes PMR.
An increasing number of bottle water manufacturers and beverages companies opt for strategies to meet widely changing consumer preferences and regulatory concerns, in a move to consolidate their shares. For instance, Nestlé, has adopted fully recyclable PET to make the storage more environment-friendly. Another prominent player PepsiCo has planned to adopt more useful and transparent labelling, mentioning the place from the water is sourced from.
According to PMR, the U.S. bottled water market is estimated to be valued at US$17 Bn by 2017 end and is predicted to reach a valuation of nearly US$22,226.2 Mn by the end of forecast period. The U.S. bottled water market is projected to rise at a CAGR of 4.0% from 2016 to 2024, representing an opportunity of over US$6 Bn in 2024 over 2016, in absolute dollar terms.