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Bottled Water - Equatorial Guinea

Equatorial Guinea
  • Revenue, at home (e.g., revenue generated in supermarkets and convenience stores) in the Bottled Water market amounts to US$46.55m in 2024.
  • Revenue, out-of-home (e.g., revenue generated in restaurants and bars) amounts to US$5.66m in 2024.
  • Revenue, combined amounts to US$52.20m in 2024.
  • The revenue, at home is expected to grow annually by 0.56% (CAGR 2024-2029).
  • In global comparison, most revenue, at home is generated China (US$63bn in 2024).
  • In relation to total population figures, the average revenue per capita, at home of US$26.52 are generated in 2024.
  • In the Bottled Water market, volume, at home is expected to amount to 70.09m L by 2024.
  • Volume, out-of-home is expected to amount to 1.20m L in 2024.
  • Volume, combined is expected to amount to 71.29m L in 2024.
  • The Bottled Water market is expected to show a volume growth, at home of -1.3% in 2025.0.
  • The average volume per person, at home in the Bottled Water market is expected to amount to 39.94L in 2024.

Definition:

The Bottled Water market consists of both carbonated and non-carbonated water which is sold in bottles or via water dispensers. Various regulations at European and national levels define mineral water as natural ground water. Its composition and other characteristics must remain constant between certain tolerance levels. These regulations vary by region, nevertheless, Bottled Water often serves as a substitute for deficient tap water. 

Additional information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per liter, as well as sales channels. Per capita figures refer to a country’s or region’s whole population.

The at-home market covers retail sales via super- and hypermarkets, eCommerce, convenience stores, or similar sales channels. The out-of-home data encompasses all sales to hotels, restaurants, catering, cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes.

Key players include Nestlé (San Pellegrino, Vittel, and Arrowhead), Danone (e.g., Volvic and Evian), and The Coca-Cola Company (e.g., Bonaqua and Apollinaris).

In-Scope

  • Carbonated Bottled Water
  • Still Bottled Water

Out-Of-Scope

  • Flavoured Bottled Water
  • Vitamin Waters
  • Ice
Bottled Water: market data & analysis - Cover

Market Insights Report

Bottled Water: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Volume

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Key Players

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Price

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Sales Channels

    Most recent update: May 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Bottled Water market in Equatorial Guinea has experienced significant growth in recent years, driven by changing consumer preferences, emerging trends, and local special circumstances. Customer preferences in Equatorial Guinea have shifted towards healthier beverage options, with bottled water being perceived as a safer and more convenient alternative to tap water. This change in consumer behavior is in line with global trends, where people are becoming more health-conscious and seeking out products that support their wellbeing. Additionally, the hot and humid climate in Equatorial Guinea further drives the demand for bottled water as a means of hydration. Trends in the market indicate a growing preference for premium and flavored bottled water products. Consumers are willing to pay a premium for higher quality water sourced from natural springs or purified through advanced filtration processes. This trend aligns with the increasing disposable income and changing lifestyles of the population in Equatorial Guinea. Flavored bottled water, such as fruit-infused or sparkling varieties, has also gained popularity among consumers who seek variety and a more enjoyable drinking experience. Local special circumstances play a significant role in the development of the Bottled Water market in Equatorial Guinea. The country faces challenges in terms of water quality and accessibility, especially in rural areas. As a result, bottled water serves as a reliable and safe source of drinking water for many residents. Additionally, the lack of developed infrastructure for tap water distribution further supports the growth of the bottled water market. Underlying macroeconomic factors contribute to the growth of the Bottled Water market in Equatorial Guinea. The country has experienced steady economic growth in recent years, leading to an increase in disposable income and purchasing power. This has allowed consumers to afford premium bottled water products and drive the overall market expansion. Furthermore, urbanization and a growing middle class population have also contributed to the market growth, as these demographic segments are more likely to consume bottled water due to their lifestyle preferences and higher awareness of health and wellness. In conclusion, the Bottled Water market in Equatorial Guinea is developing due to changing customer preferences towards healthier beverages, emerging trends in premium and flavored products, local special circumstances related to water quality and accessibility, and underlying macroeconomic factors such as economic growth and urbanization. These factors are expected to continue driving the growth of the market in the coming years.

    Methodology

    Data coverage:

    The data encompasses B2C enterprises. The at-home market covers retail sales via super- and hypermarkets, eCommerce, convenience stores, or similar sales channels. The out-of-home data encompasses all sales to hotels, restaurants, catering, cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes.

    Modeling approach:

    Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending (e.g. consumer spending on Non-Alcoholic Drinks, consumer spending at Hotels, Restaurants etc.), and price level index. This data helps us estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Non-Alcoholic Drinks market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

    Additional notes:

    The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

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    Bottled Water: market data & analysis - BackgroundBottled Water: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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