The bottled water industry was valued at US$ 185 billion in 2015 and is expected to reach US$ 334 billion by 2023, registering a 8.5% CAGR during the forecast period 2018-2023. The demand for bottled water has been growing during the last decade, owing to health and wellness concerns.
How much money does the bottled water industry make a year?
poll Average industry growth 2015–2020: 5.3%
Over the five years through 2020-21, industry revenue is expected to increase at a compound annual rate of 5.3%, including growth of 9.3% in the current year, to reach £1.4 billion.
How much is the bottled water industry worth 2020?
Revenue from the sales of bottled water amounts to $61.326 million in 2020 so far. The market is expected to grow annually by 10.9 percent ( 2020-2023, CAGR).
How big is the bottled water market?
The market size, measured by revenue, of the Bottled Water Production industry is $7.3bn in 2021. What is the growth rate of the Bottled Water Production industry in the US in 2021? The market size of the Bottled Water Production industry is expected to increase 7.6% in 2021.
How much does it cost to make bottled water?
This represented a 6.5% increase from 2011, during which the bottled water industry made $11 billion. That $11.8 billion was spent on nearly 9.7 billion gallons of water, putting the average cost at $1.22/gallon.
Is bottled water a waste of money?
You’re wasting money
If you’re regularly buying bottled water, you’re spending far more money than you would by just drinking out of the tap. According to the Beverage Marketing Corporation (BMC) the average cost of bottled water in 2016 was $1.11 per gallon.
Which water brand is healthiest?
Best Overall: Essentia Ionized Water
Essentia Water’s ionized bottled water is an excellent product. It’s safe, clean, tastes great, and has all the right certificates. It’s a supercharged and ionized alkaline water that’s filtered through a proprietary process that purifies Essentia’s water, making it 99.9% pure.
What is the top selling bottled water?
Aquafina is the top selling brands of bottled water in the US. In the previous year, Aquafina has produced about 2.52 billion US dollars in sales.
Is selling water profitable?
It’s actually pretty easy to make money selling bottled water. … You can usually charge between $1-$2 per bottle. Depending on the price you want to charge and the profit needyou want to make per bottle you could be making up to $75/hr selling bottled water.
How old is the bottled water industry?
Visits to natural springs and spas became fashionable among the wealthy elite during the 19th and early 20th centuries. The American bottled water industry was started in 1844 when a Maine innkeeper, lying on his deathbed, discovered the remarkable therapeutic properties of water from his local spring.
Which country drinks the most bottled water?
In 2018, Mexico and Thailand had the highest per capita consumption of bottled water worldwide, at 72.4 gallons of bottled water per person. Coming in second place was Italy with 50.3 billion gallons of per capita consumption in that year.
What state consumes the most bottled water?
California is one of the states that consumes the most amount of bottled water each year.
Who benefits from the sale and purchase of bottled water?
From large cities to small towns, the U.S. bottled water industry is a critical component of our nation’s economy and infrastructure. Companies that manufacture, distribute and sell bottled water products employed about 137,000 Americans, paying them $6.3 billion in wages and benefits.
Why bottled water is expensive?
With the drastic difference in price, many people wonder why bottled water is so much more expensive than tap water. The truth is, the price has less to do with the water itself and everything to do with the manufacturing, transportation, and advertising costs associated with producing each bottle.
Is bottled water more expensive than tap water?
Bottled water costs from $0.89 per gallon to $8.26 per gallon, compared to fractions of a penny for water from your tap. That makes bottled water thousands of times more expensive than tap water. Water bottle garbage is a major source of pollution.
How much does the average person spend on bottled water?
What does the individual consumer spend on average? On average, Americans spend about $100 per person each year on bottled water. For larger households, the cost can easily add up to several hundred dollars each year.