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Key regions: Europe, Worldwide, United States, Australia, Philippines
The Bottled Water market in Brazil has seen significant growth in recent years, driven by changing customer preferences and local special circumstances.
Customer preferences: One of the main reasons for the growth of the Bottled Water market in Brazil is the increasing health consciousness among consumers. As people become more aware of the importance of staying hydrated and maintaining a healthy lifestyle, they are opting for bottled water as a convenient and safe option. Additionally, with the rise of fitness and wellness trends, many consumers are choosing bottled water over sugary drinks or carbonated beverages.
Trends in the market: One trend that has emerged in the Bottled Water market in Brazil is the demand for premium and flavored water. Consumers are willing to pay a premium for bottled water that offers added benefits such as electrolytes, vitamins, or natural flavors. This trend is driven by the desire for enhanced hydration and a more enjoyable drinking experience. Another trend in the market is the increasing popularity of eco-friendly packaging. Consumers are becoming more conscious of the environmental impact of plastic bottles and are looking for alternatives such as biodegradable or recyclable packaging. This trend is also influenced by government regulations and initiatives aimed at reducing plastic waste.
Local special circumstances: Brazil is known for its hot climate and high humidity levels, which creates a favorable environment for the Bottled Water market. The need for constant hydration in such conditions has led to a higher demand for bottled water. Additionally, Brazil has a large population and a growing middle class, which has increased purchasing power and disposable income. This has further fueled the demand for bottled water as consumers are able to afford the convenience and health benefits it offers.
Underlying macroeconomic factors: The economic stability and growth in Brazil have also played a role in the development of the Bottled Water market. As the economy improves, consumers have more disposable income to spend on non-essential items such as bottled water. Additionally, the tourism industry in Brazil has been booming, attracting both domestic and international visitors. This has increased the demand for bottled water in hotels, restaurants, and tourist destinations. In conclusion, the Bottled Water market in Brazil has experienced significant growth due to changing customer preferences, local special circumstances, and underlying macroeconomic factors. The increasing health consciousness, demand for premium and flavored water, and eco-friendly packaging options are driving the market forward. Additionally, Brazil's hot climate, growing population, and economic stability have contributed to the rising demand for bottled water.
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.
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Mon - Fri, 9am - 6pm (EST)