Latin America Premium Bottled Water Market Size & Outlook
Latin America premium bottled water market, 2017-2030 (US$M)
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Latin America premium bottled water market highlights
- The Latin America premium bottled water market generated a revenue of USD 1,340.5 million in 2022.
- The market is expected to grow at a CAGR of 6.8% from 2023 to 2030.
- In terms of segment, mineral water was the largest revenue generating product in 2022.
- Sparkling Water is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 1,340.5 million |
| Market revenue in 2030 | USD 2,260.7 million |
| Growth rate | 6.8% (CAGR from 2022 to 2030) |
| Largest segment | Mineral water |
| Fastest growing segment | Sparkling Water |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Spring Water, Sparkling Water, Mineral Water |
| Key market players worldwide | Bling H2O, ROI Water, Beverly Hills International, Veen, Berg Company |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.9% of the global premium bottled water market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,466.6 million by 2030.
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Premium Bottled Water Market Scope
Premium Bottled Water Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America premium bottled water market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to premium bottled water market will help companies and investors design strategic landscapes.
Mineral water was the largest segment with a revenue share of 41.81% in 2022. Horizon Databook has segmented the Latin America premium bottled water market based on spring water, sparkling water, mineral water covering the revenue growth of each sub-segment from 2017 to 2030.
The scarcity of fresh water in most Central and South American countries has resulted in the high demand for bottled water. Bottled water has become a preferred product as a result of the rising demand for fresh water and the increasing consumer disposable income across Central & South America.
Furthermore, with the growing urbanization in Latin America, premiumization is expected to boost the demand for premium bottled water in the upcoming years. Consumers have been showing an increased preference for water with added health nutrients such as minerals, vitamins, and antioxidants owing to rising health consciousness among consumers in the region.
Increasing consumer awareness regarding the importance of pure water in the body's functionality has driven the demand for mineral water as it supports both bone and digestive health. This type of water may also help lower blood pressure and helps heart health. It also contains other essential elements required by the body.
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Our clientele includes a mix of premium bottled water market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America premium bottled water market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America premium bottled water market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America premium bottled water market size, by country, 2017-2030 (US$M)
Latin America Premium Bottled Water Market Outlook Share, 2022 & 2030 (US$M)
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