India Bottled Water Market Forecast 2020 - Aarkstore
Bottled
Water Market in India 2017 states that the bottled water market
is growing at a CAGR of ~22.3%. Growth in income and consumption, growth in
urbanization and population, increasing level of health awareness, influx of
foreign tourist and growth in retail market are major drivers for the industry.
Also, bottled water is purified and contains dissolved
minerals that have several health benefits. Major challenges that are affecting
the market are increase in spurious bottled water brands, low penetration in
rural market, and increase in transportation cost, brand category
differentiation and increase in water purifiers.
The BIS had formulated mandatory certification to
avoid entrance of spurious brands and cancellation of licenses. High
transportation cost affects the ability to have an inland presence, thereby
benefitting only large establishments in India.
Key players in the Indian Bottled water market include
Bisleri International Pvt. Ltd., Coca Cola India Pvt. Ltd., Danone Narang
Beverages Pvt. Ltd., Dhariwal Industries Pvt. Ltd., Nourisco Beverages Ltd.,
Parle Agro Pvt. Ltd., Eureka Forbes Ltd. and Pepsico India Holdings Pvt. Ltd.
Bottled water manufacturers are introducing new products with various health
benefits and a wide range of flavors. The new products offering functional
benefits, better taste and convenience are preferred by consumers. Product
innovation and hygiene factors are augmenting demand for bottled water market
in India.
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Phone: +91 - 22 2756 4963
24/7 Online Support: +91 9987295242
Email: enquiry@aarkstore.com
Our website: http://www.aarkstore.com
Our blog: http://www.aarkstore.com/blog/
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