U.S (New York) – New research study titled “China Bottled Water Market” for the year 2023, encompassing various aspects such as industry size, market share, growth analysis, segmentation, leading manufacturers and innovations, key trends, market drivers, restraints, regulatory framework, distribution methods, opportunities, strategies, potential roadmap, and annual forecasts until 2031. The primary objective of this market research study is to thoroughly examine the industry, enabling businesses to gain comprehensive insights into the sector and its economic potential. By leveraging accurate statistical research data provided by Report Ocean 2023 to 2031, your business can experience accelerated growth. This report also delves into PESTLE & SWOT analysis, Porter’s Five Forces Analysis, and provides crucial information including expenditure, costs, revenue, and end-users. With over 150+ pages, the document offers a comprehensive table of contents, 180+ figures, tables, charts, and insightful analysis.
key players are [Nongfu Spring, FineWaters, Natural Waters of Viti Ltd., The Coca-Cola Company, Nestl Waters, China Resources (Holdings) Co. Ltd, Shenzhen Jingtian Food & Beverage Co., Ltd, Hangzhou Wahaha Future Cola Beverages Co., Ltd., Ting Hsin International Group Market, Tingyi Holdings Corporation
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Report Ocean revealed that the China bottled water market was worth USD 45.1 billion in the year 2020. It is estimated to grow at a CAGR of 7.6%, earning revenue of around USD 76.2 billion by the end of 2027
Growing Prevalence of Waterborne Diseases is Propelling the China Bottled Water Market Forward
The number of waterborne diseases in China is among the highest in the world. According to the Proceedings of the National Academy of Sciences of the United States of America, water pollution in China causes more than 100,000 deaths annually and leads to economic losses of USD 1.46 trillion. Moreover, due to unsanitary conditions, waterborne diseases are very common among school children. Infectious diarrheal disease outbreaks in Chinese schools via water have been identified as the cause of many public health emergencies. Thus, the demand for bottled water is on the rise to ensure childrens health.
Increasing Disposable Income of Middle and Lower-Income Groups is Driving the China Bottled Water Market
The increasing disposable income of middle and lower-income groups due to the economic growth of the country is presenting lucrative growth opportunities for the China bottled water market. As a result of China’s fast economic growth, the incomes of Chinese citizens have increased. The increasing purchasing power of people is also boosting their access to high-priced and premium bottled water. Furthermore, the high-income class is also getting exposed to a wider range of bottled water, such as sparkling water and flavored water, which in turn boosts the sales of bottled water.
China Bottled Water Market – By Product Type
Based on product types, the China bottled water market is segmented into spring water, purified water, mineral water, distilled water, sparkling water, and others. Because of the high health concerns, the mineral water segment dominates the China bottled water market with around 91% share. There are several health benefits of mineral water. For example, it reduces blood pressure, helps regulate blood circulation, controls cholesterol levels, and is a good source of essential minerals, such as magnesium. However, sparkling water is also growing rapidly due to consumers’ preference for sparkling water over sodas and other sugary carbonated beverages.
Impact of COVID-19 on China Bottled Water Market
The sudden COVID-19 outbreak negatively impacted the China bottled water market. Since the virus was thought to have originated from Wuhan, there was a high rate of COVID-19 infections and an overburdened healthcare system. To mitigate the spread of the virus, the government imposed a strict lockdown. Consequently, the production and distribution operations of bottled water were directly impacted, resulting in shortages of stock in convenience stores and supermarkets/hypermarkets. Furthermore, the physical distribution of products also emerged as a challenge due to the risk of the virus spreading through solid surfaces. However, the online sales of bottled water witnessed significant growth during this period, especially among health-conscious consumers.
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Market Segment:
By Product Type(Spring Water, Purified Water, Mineral Water, Distilled Water, Sparkling Water, Others)
By Distribution Channel (On-Trade, Off-Trade)
The China bottled water market is significantly dominated by players such as Nongfu Spring, Coca-Cola, and Nestle Waters. Among these, Nongfu Spring alone covers 13.6% of the market share, being the market leader in Chinas bottled water market. Other companies are also launching their products and are relying on advertisement and marketing strategies to create brand awareness and a loyal consumer base. Furthermore, the adoption of competitive strategies such as collaborations, mergers, acquisitions, partnerships, etc., is also prominent in this market.
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
Threat of New Entrants:
- If the threat of new entrants is high, it indicates that buyers have more options and can easily switch suppliers, increasing their bargaining power.
- Industry details: An industry with low entry barriers and minimal regulatory restrictions may attract new entrants, which can give buyers more choices and negotiating power.
Bargaining Power of Suppliers:
- If suppliers have strong bargaining power, they can dictate terms and prices, reducing buyer power.
- Industry details: Industries with few suppliers, unique resources or expertise, or limited alternative suppliers may give suppliers more power, affecting buyers’ ability to negotiate favorable terms.
Bargaining Power of Buyers:
- If buyers have strong bargaining power, they can demand lower prices, better quality, or additional services from suppliers.
- Industry details: Industries with many buyers, low switching costs, or readily available alternatives can enhance buyer power and their ability to negotiate favorable deals.
Threat of Substitute Products or Services:
- If there are many substitute products or services available, buyers can easily switch, giving them more power.
- Industry details: Industries with numerous substitutes or evolving technologies that provide alternative solutions can give buyers the upper hand in negotiations.
Intensity of Competitive Rivalry:
- High competition among existing industry players can give buyers more options and bargaining power.
- Industry details: Industries with many competitors, slow industry growth, or low differentiation between products/services may result in intense rivalry, benefiting buyers.
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