Bottled Water - Haiti

The Bottled Water market in Haiti has been experiencing significant growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development. Customer preferences in Haiti have shifted towards bottled water due to concerns about the quality and safety of tap water. The population has become more health-conscious and increasingly aware of the potential risks associated with drinking untreated water. As a result, consumers are opting for bottled water as a safer and more convenient alternative. Trends in the market have also played a role in the growth of the Bottled Water market in Haiti. The increasing urbanization and rising disposable incomes have led to a greater demand for bottled water. Additionally, the tourism industry in Haiti has been expanding, attracting both domestic and international visitors who often prefer to drink bottled water for safety reasons. Local special circumstances in Haiti have further contributed to the growth of the Bottled Water market. The country is prone to natural disasters such as hurricanes and earthquakes, which can disrupt the water supply and contaminate drinking water sources. In such situations, bottled water becomes a crucial resource for the population, leading to increased demand. Underlying macroeconomic factors have also played a role in the development of the Bottled Water market in Haiti. The country has experienced economic growth in recent years, resulting in a larger middle class with increased purchasing power. This has led to higher consumer spending on bottled water, as people are willing to pay for the perceived safety and convenience it offers. In conclusion, the Bottled Water market in Haiti has experienced significant growth due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. As the population becomes more health-conscious and aware of water safety issues, the demand for bottled water is expected to continue to rise. The growth of the tourism industry and the country's vulnerability to natural disasters further contribute to the market's expansion. With the ongoing economic growth and increasing disposable incomes, the Bottled Water market in Haiti is likely to continue its upward trajectory in the coming years.

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.