Singapore Bottled Water Market Insights Forecasts to 2033

• The Singapore Bottled Water Market Size was valued at USD 8.5 Billion in 2023.
• The Market is growing at a CAGR of 7.14% from 2023 to 2033
• The Singapore Bottled Water Market Size is expected to reach USD 12.0 Billion by 2033

The Singapore Bottled Water Market is anticipated to exceed USD 12.0 Billion by 2033, growing at a CAGR of 7.14% from 2023 to 2033. The increasingly busy lifestyle, convenience, accessibility, and affordability of bottled water are driving the growth of the bottled water market in Singapore.     

Market Overview

Bottled water is packaged drinking water in plastic or glass bottles, dispensers, and sachets. They may be carbonated or non-carbonated with packaging sizes ranging from small single-serving bottles to large carboys for water coolers. Singapore is estimated to consume bottled water in large quantities with 1,129 liters of bottled water consumed and spent US$1,348 on bottled water by each individual in 2021. Springs, wells, and municipal supplies are some of the sources of bottled water. The growing bottled water marketing campaigns for promoting brands via bottled water are upsurging the market growth. Further, the rising disposable incomes are responsible for increased spending on premium and convenience products, including bottled water.

Report Coverage

This research report categorizes the market for the Singapore bottled water market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Singapore bottled water market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Singapore bottled water market.

Driving Factors

The increasing urbanization and shifting to busier lifestyle surges the need for convenient portable hydration solutions that lead to driving the market demand. Bottled water is widely available for purchase in grocery stores, convenience stores, vending machines, and online, offering a practical and transportable means of staying hydrated. Further, the increased tourism in the country with the surging hospitality industry for providing safe and convenient hydration options contributed to driving the market demand for bottled water. 

Restraining Factors

The high cost of bottled water over tap water is challenging the Singapore bottled water market. Further, the rising concerns about the environmental impact associated with the use of plastic are challenging the market growth.

Market Segmentation

The Singapore Bottled Water Market share is classified into product and distribution channel.

• The sparkling water segment is anticipated to hold the largest market share during the forecast period.

The Singapore bottled water market is segmented by product into spring water, purified water, mineral water, distilled water, and sparkling water. Among these, the sparkling water segment is anticipated to hold the largest market share during the forecast period. Sparkling water is carbonated water in which the carbon dioxide mediates the absorption and processing of fluids in the body. The health benefits associated with consuming sparkling water with the introduction of innovative flavors are driving the market demand for sparkling bottled water.

• The on-trade segment accounted for the largest market share during the forecast period.

The Singapore bottled water market is segmented by distribution channel into on-trade and off-trade. Among these, the on-trade segment accounted for the largest market share during the forecast period. Establishments provide quality bottled water to cater to the needs of health-conscious patrons and those who favor it over sugary drinks or alcohol. The availability of more food service locations and the use of bottled water in dining experiences are fueling the market growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Singapore bottled water market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• PepsiCo
• Danone
• Nestlé
• Suntory
• The Kraft Heinz Company
• BlueTriton Brands
• Icelandic Glacial
• San Pellegrino
• Fiji Water
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at Singapore, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Singapore Bottled Water Market based on the below-mentioned segments:

Singapore Bottled Water Market, By Product

• Spring Water
• Purified Water
• Mineral Water
• Distilled Water
• Sparkling Water

Singapore Bottled Water Market, By Distribution Channel

• On-Trade
• Off-Trade