Bottled Water - Seychelles

The Bottled Water market in Seychelles has been experiencing significant growth in recent years.

Customer preferences: One of the main reasons for the growth of the Bottled Water market in Seychelles is the increasing health consciousness among consumers. As people become more aware of the importance of staying hydrated and maintaining a healthy lifestyle, the demand for bottled water has been on the rise. Additionally, the convenience and portability of bottled water make it a popular choice for consumers who are constantly on the go.

Trends in the market: One of the trends in the Bottled Water market in Seychelles is the growing popularity of premium and flavored bottled water. Consumers are willing to pay a premium for bottled water that is perceived to be of higher quality or that offers a unique taste experience. This trend is driven by a desire for variety and a willingness to try new and innovative products. Another trend in the market is the increasing focus on sustainability. As consumers become more environmentally conscious, they are looking for bottled water brands that use eco-friendly packaging materials and have sustainable production practices. This trend is in line with global efforts to reduce plastic waste and promote a more sustainable future.

Local special circumstances: Seychelles is a popular tourist destination, attracting visitors from all over the world. The tourism industry plays a significant role in the Bottled Water market in Seychelles, as tourists often prefer to drink bottled water due to concerns about the safety and quality of tap water in a foreign country. This creates a steady demand for bottled water throughout the year.

Underlying macroeconomic factors: Seychelles has a relatively high GDP per capita compared to other countries in the region. This means that consumers in Seychelles have more disposable income to spend on non-essential items such as bottled water. The country's stable economy and growing middle class contribute to the overall growth of the Bottled Water market. In conclusion, the Bottled Water market in Seychelles is driven by increasing health consciousness among consumers, the popularity of premium and flavored bottled water, the focus on sustainability, and the demand from the tourism industry. These factors, combined with the country's stable economy and growing middle class, contribute to the growth and 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.