Bottled water is controlled under the packaged foods category by the foremost food and drug regulatory agency of a nation. Prior to receiving quality certification by these agencies, bottled water is subject to quality tests in the purview of local and state level agencies authorized for the exercise. At a global level, it is the International Council of Bottled Water Associations (ICBWA), a consortium of bottled water companies from around the world, which oversees local regulatory agencies and controls the quality of bottled water.
Amongst the numerous products in the food and beverage industry, bottled water is the one of the fastest selling refreshment drinks, which leads to the bottled water market becoming one of the fastest growing markets. Thus, the high volume of sales of bottled water across the world resulted in the value of the bottled water market being US$157.2 bn in 2013.
In the coming years as well, the sales volume of bottled water is slated to increase for reasons that are enumerated as follows:
Local Players Exercise Control on Bottled Water Market Extensively
In the bottled water market, the presence of a large number of private label brands and local artisanal bottlers is the reason for the market to be highly fragmented. In most countries, it is the regional and national players that account for the majority of the market. Nevertheless, some of the key players that have a significant presence in the global bottled water market are Nestle Waters, PepsiCo Inc., Perrier, Poland Spring, Groupe Danone, Coca-Cola, and Fiji. These companies are known for the manufacture of international bottled water brands such as Evian, Volvic, Fiji natural artesian water, and Perrier.
Browse the full Bottled Water Market Report:http://www.mrrse.com/bottled-water-market
On a geographical consideration, many countries around the world are involved in the processing and export of bottled water, which brings in handsome revenue for these regions. For example, in 2013, Asia Pacific accounted for 33% of the overall market for bottled water, which is attributed to a combination of favorable reasons pertaining to increasing economic prosperity of Asian consumers. In this regard, the developed countries in North America and Europe will lose their share in the bottled water market due to increasing consumer consciousness to refrain from foods and beverages packaged in plastic.