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).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
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Sources: Statista Market Insights, Statista Consumer Insights Global
Most recent update: Apr 2024
Source: Statista Market Insights
Most recent update: May 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Bottled Water market in Lithuania has experienced significant growth in recent years, driven by changing customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors.
Customer preferences: In Lithuania, there has been a shift in customer preferences towards healthier beverage options. Bottled water is seen as a convenient and refreshing choice, especially for those who are health-conscious and seeking to reduce their consumption of sugary drinks. The increasing awareness of the importance of hydration and the benefits of drinking water has led to a growing demand for bottled water in the country.
Trends in the market: One of the key trends in the bottled water market in Lithuania is the rise of flavored and functional waters. Consumers are looking for more variety and added benefits in their bottled water choices. Flavored waters, such as those infused with fruits or herbs, offer a refreshing twist to traditional water and appeal to those who are looking for a more flavorful option. Additionally, functional waters, which contain added vitamins, minerals, or other health-enhancing ingredients, cater to consumers who are seeking additional health benefits from their bottled water. Another trend in the market is the increasing popularity of premium and natural bottled water. Consumers are willing to pay a premium for higher quality water sourced from natural springs or with unique characteristics. This trend is driven by the perception that premium and natural bottled water offers better taste and higher purity compared to tap water.
Local special circumstances: Lithuania has a relatively high level of tap water quality, which could potentially impact the growth of the bottled water market. However, the convenience and portability of bottled water, especially for on-the-go consumption, still make it an attractive option for many consumers. Additionally, the tourism industry in Lithuania plays a significant role in driving the demand for bottled water, as tourists often prefer the convenience and safety of bottled water when traveling.
Underlying macroeconomic factors: The growing economy in Lithuania has contributed to the development of the bottled water market. As disposable incomes rise, consumers have more purchasing power and are willing to spend on premium and healthier beverage options. Furthermore, the increasing urbanization and busy lifestyles in Lithuania have led to a higher demand for convenient and portable products, including bottled water. In conclusion, the Bottled Water market in Lithuania has experienced growth due to changing customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The shift towards healthier beverage options, the rise of flavored and functional waters, the demand for premium and natural bottled water, the convenience and portability of bottled water, and the growing economy in Lithuania have all contributed to the development of the market.
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.
Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights