The latest market report published by Credence Research, Inc. The China bottled water market has witnessed rapid growth in recent years and is expected to grow at a CAGR of 7.9% between 2023 and 2030. The market was valued at USD 46518.5 million in 2022 and is expected to reach USD 85466.8 million in 2030.
China’s bottled water market has witnessed remarkable growth in recent years, driven by changing consumer preferences, urbanization, and rising health consciousness. With a population of over 1.4 billion and an increasing middle-class segment, China has become one of the largest markets for bottled water in the world. This article explores the key factors behind the surge in demand for bottled water in China.
One of the primary drivers of the bottled water market in China is the changing consumer preferences towards healthier beverage options. As awareness about the health benefits of consuming clean and safe drinking water increases, more Chinese consumers are choosing bottled water over sugary or artificially flavored drinks. The desire for healthier lifestyles has led to a significant shift in consumption patterns.
China’s rapid urbanization has played a pivotal role in boosting the bottled water market. As more people move to urban areas, access to clean and safe drinking water becomes a concern. Many urban dwellers prefer the convenience and reliability of bottled water, especially when tap water quality varies across regions. The convenience of grabbing a bottle of water on the go has also contributed to the market’s growth.
Browse the Full Report: https://www.credenceresearch.com/report/china-bottled-water-market