Contact
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
Key regions: India, Nigeria, Vietnam, Australia, United Kingdom
The Bottled Water market in Kyrgyzstan has shown significant growth in recent years, driven by changing consumer preferences and local special circumstances.
Customer preferences: In Kyrgyzstan, consumers are increasingly turning to bottled water as their beverage of choice due to concerns about the quality and safety of tap water. The convenience and portability of bottled water also appeal to busy, on-the-go lifestyles. Additionally, health-conscious consumers are opting for bottled water as a healthier alternative to sugary drinks.
Trends in the market: One major trend in the Kyrgyzstan Bottled Water market is the increasing popularity of flavored and functional waters. Consumers are seeking more variety and are willing to pay a premium for unique flavors and added health benefits. This trend is driven by a growing awareness of the importance of hydration and the desire for a refreshing and flavorful drinking experience. Another trend is the rise of premium and luxury bottled water brands, which cater to consumers who are willing to pay a higher price for perceived higher quality and exclusivity.
Local special circumstances: Kyrgyzstan's mountainous terrain and lack of developed infrastructure for water treatment and distribution contribute to the popularity of bottled water. Many consumers prefer the convenience and peace of mind that comes with purchasing bottled water, as it eliminates concerns about water quality and safety. Additionally, the availability of natural mineral springs in the country provides a unique selling point for bottled water brands, as consumers associate these natural sources with purity and health benefits.
Underlying macroeconomic factors: Kyrgyzstan's growing middle class and increasing disposable income have played a significant role in the development of the Bottled Water market. As consumers have more purchasing power, they are able to afford bottled water as a regular part of their daily lives. Furthermore, the tourism industry in Kyrgyzstan has been growing steadily, attracting both domestic and international visitors. This has created a demand for bottled water in hotels, restaurants, and other tourist destinations, further driving market growth. In conclusion, the Bottled Water market in Kyrgyzstan is experiencing growth due to changing consumer preferences, local special circumstances, and underlying macroeconomic factors. As consumers become more health-conscious and seek convenience, flavored and functional waters are gaining popularity. The country's mountainous terrain and lack of developed water infrastructure also contribute to the preference for bottled water. Additionally, the growing middle class and increasing disposable income, as well as the thriving tourism industry, are driving market growth.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)