The Latin America Sparkling Bottled Water Market size is expected at USD 3.36 billion in 2024 and is estimated to be growing at a CAGR of 13.35%, reaching USD 6.29 billion by 2029.
Plain water with dissolved carbon dioxide results in sparkling water. For preparing sparkling water, pressurized carbon dioxide is passed through plain water. The increase in pressure increases the solubility meaning more carbon dioxide can be passed in the water as compared to under standard atmospheric pressure.Due to people becoming more health conscious, sparkling water serves as an alternative to carbonated beverages. Rising cases of obesity among children is also expected to drive the growth of the market. Beverage companies are coming up with various flavours of sparkling water which is further expected to fuel the market growth. However, a major restraint is the expensive cost of sparkling water as compared to carbonated beverages.
Frequently Asked Questions
Key drivers include increasing health consciousness among consumers, a growing preference for low-calorie and sugar-free beverages, and rising urbanization.
The industry faces challenges such as fluctuating raw material costs, growing environmental concerns related to plastic waste, and competition from other non-alcoholic beverages like flavored water and juices.
Key trends include the rise of flavored sparkling water, increased demand for premium and naturally sourced water, and growing popularity of eco-friendly packaging options like aluminum cans and glass bottles.
Sustainability is increasingly important, with companies adopting recyclable packaging, reducing plastic use, and engaging in corporate social responsibility (CSR) initiatives. Brands that focus on environmental impact are gaining more consumer loyalty.
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