Market Size of South America Bottled Water Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 11.57 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
South America Bottled Water Market Analysis
The South America Bottled Water Market is forecasted to register a CAGR of 11.57% during the forecast period.
The South American bottled water market is expected to witness high growth fueled by strong demand for clean, flavored, and hygienic drinking water. The latest trend gaining momentum in this market is increased demand for bottled water with added minerals, vitamins, antioxidants, etc as consumers are looking for bottled water with added health benefits.
Sparkling water may cause health problems like digestive issues therefore certain mandates are issued regarding the ingredients to be used in functional water. The bottled water market is appealing in Brazil with an increasing number of players every year, primarily due to positive sales.
Moreover, bottled water demand in Brazil is showing significant growth owing to that consumer inclination has shifted from soft drinks and alcoholic beverages to functional, flavored, and mineral water. As a result, it increases the sales and margins of companies that are engaged in the manufacturing of bottled water, as well as the overall production volume.
One of the main factors influencing Brazil's production of bottled water is the entry of multinational manufacturers, particularly in the functional and mineral water segment. Some products have significant profit margins that may be stored which provide lucrative business opportunities in the region.
South America Bottled Water Industry Segmentation
Bottled water is water that has been sealed in food-grade bottles and is intended for human consumption. Depending on the type of water provided and the source of the water, there are several types of bottled water. The South America Bottled Water Market is segmented by type into still water, sparkling water, and functional water. By distribution into supermarkets/hypermarkets, convenience stores, online retail stores, on-trade, and other distribution channels. Based on geography, it is segmented into Brazil, Argentina, and the Rest of South America. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
| Type | |
| Still Water | |
| Sparkling Water | |
| Functional Water |
| Distribution Channel | |
| Supermarkets/Hypermarkets | |
| Convenience Stores | |
| Online Retail Stores | |
| On-Trade | |
| Other Distribution Channels |
| South America | |
| Brazil | |
| Argentina | |
| Rest of South America |
South America Bottled Water Market Size Summary
The South America bottled water market is experiencing robust growth, driven by a rising demand for clean, flavored, and hygienic drinking water. This trend is particularly pronounced in Brazil, where consumers are increasingly shifting their preferences from soft drinks and alcoholic beverages to functional, flavored, and mineral water. The market is characterized by the entry of multinational manufacturers, especially in the functional and mineral water segments, which are capitalizing on the significant profit margins and lucrative business opportunities. The growing awareness of health benefits associated with bottled water, such as added minerals, vitamins, and antioxidants, is further propelling market expansion. The preference for bottled water over less healthy packaged drinks is contributing to a steady increase in sales, while the consumption of carbonated soft drinks continues to decline.
The South American bottled water market is moderately competitive, with a mix of global and local players, including major companies like Nestlé S.A., Danone S.A., The Coca-Cola Company, and PepsiCo. The market's growth is supported by strategies such as new product launches, innovative packaging, and effective marketing and distribution efforts. The introduction of premium bottled water brands in Brazil has also contributed to market development, as consumers increasingly seek higher-quality options for home consumption. Environmental concerns, such as water pollution and poor purification practices, have driven consumers towards bottled water as a safer alternative. Additionally, the rising average temperatures and the importance of hydration have made functional water, which offers additional nutritional benefits, an appealing choice for consumers.
South America Bottled Water Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.2 Market Restraints
-
1.3 Porter's Five Forces Analysis
-
1.3.1 Threat of New Entrants
-
1.3.2 Bargaining Power of Buyers/Consumers
-
1.3.3 Bargaining Power of Suppliers
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 Type
-
2.1.1 Still Water
-
2.1.2 Sparkling Water
-
2.1.3 Functional Water
-
-
2.2 Distribution Channel
-
2.2.1 Supermarkets/Hypermarkets
-
2.2.2 Convenience Stores
-
2.2.3 Online Retail Stores
-
2.2.4 On-Trade
-
2.2.5 Other Distribution Channels
-
-
2.3 South America
-
2.3.1 Brazil
-
2.3.2 Argentina
-
2.3.3 Rest of South America
-
-
South America Bottled Water Market Size FAQs
What is the current South America Bottled Water Market size?
The South America Bottled Water Market is projected to register a CAGR of 11.57% during the forecast period (2024-2029)
Who are the key players in South America Bottled Water Market?
Pepsico, The Coca-Cola Company, Minalba Brasil , Danone S.A. and Nestlé S.A. are the major companies operating in the South America Bottled Water Market.
