Yahoo Finance The Healthiest Bottled Water Brand in 2024
In this article, we will be taking a look at the most healthy bottled water brand in 2024. If you want to learn about more, head straight to the 10 Healthiest Bottled Water Brands in 2024.
The Bottled Water Market: Trends, Statistics, and Luxury Highlights
The global bottled water market size surpassed USD 302 billion in 2022 and is expected to reach around USD 503.05 billion by 2032, growing at a CAGR of 5.24% from 2023 to 2032. In 2022, the US accounted for 57.7% of the North American bottled water market share.
According to a 2019 Harris Poll conducted for the International Bottled Water Association (IBWA), 84% of Americans had a "very positive" or "somewhat positive" opinion of bottled water as a beverage choice. The survey reveals that 94% of Americans buy bottled water and 91% of Americans want bottled water to be available where other drinks are sold. Additionally, If bottled water is not available, 74% of people said they would choose another, less healthy, packaged drink instead of tap water or filtered water. In 2022, bottled water reached a record high volume of 15.9 billion gallons sold in the US, surpassing carbonated soft drinks for the seventh consecutive year
The amount of bottled water consumed per person peaked at 46.5 gallons, and the most popular size of bottle was the single-serving size. Alkaline, caffeinated, oxygenated, and electrolyte-rich water bottles have been among the best-selling items in the market. Sales of still water accounted for 74.5% of the industry's total revenue in 2022.
Tributo Modigliani, Acqua di Cristallo, made by Fernando Altamirano of Paolo Di Verachi Studio, is the world’s most expensive bottled water. 5 milligrams of 23-karat gold dust are included in this platinum-coated, 6,000-diamond limited-edition container, which retails for $4.4 million. Paolo Di Verachi Studio is the most expensive bottled water brand in the world. It does this by combining spring water from Fiji and France with glacier water from Iceland.
Market Leaders in Bottled Water and Their Sustainability Efforts
The bottled water market is highly segmented, with private labels holding about 25% of the market. According to the Beverage Industry, leading US brands are Aquafina (8.5%), Dasani (8.2%), and Glaceau Smartwater (6.7%). These top brands are produced by PepsiCo, Inc. (NASDAQ:PEP) (Aquafina) and The Coca-Cola Company (NYSE:KO) (Dasani and Smartwater).
The Coca-Cola Company (NYSE:KO) has achieved its goal of replenishing all the water it uses globally. In 2022, the company returned nearly 192 billion liters of water to nature and communities through various projects. In 2022, The Coca-Cola Foundation awarded $27 million in grants for water and environmental initiatives globally. The Coca-Cola Company (NYSE:KO) contributed more than $6 million to Project Catalyst, which improved the quality of an estimated 150 billion liters of water in the Great Barrier Reef region. In Q1 2024, their net revenues increased 3% to $11.3 billion. The Coca-Cola Company (NYSE:KO)'s Sparkling soft drinks volume grew 2%, led by Latin America and Juice, dairy, and plant-based beverages grew 2%, led by North America. However, water, sports, coffee and tea volume declined 2% during the same period.
Similarly, in 2017, PepsiCo, Inc. (NASDAQ:PEP) introduced LIFEWTR, a premium bottled water brand targeting health-conscious consumers, featuring artistic labels and a sleek bottle design. Additionally, the company launched Bubly which is a sparkling water brand, in 2018. In 2022, the PepsiCo Foundation invested approximately $2 million in safe water access programs, with plans to continue expanding its reach. In 2023, PepsiCo, Inc. (NASDAQ:PEP) achieved its 2025 global goal of a 25% improvement in operational water-use efficiency in high water-risk areas, two years ahead of schedule. In Q1 2024, PepsiCo, Inc. (NASDAQ:PEP)'s net revenue increased 2.3% year-over-year to $18.2 billion and their net income was $2.04 billion, up from $1.93 billion in Q1 2023.
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Our Methodology
For our methodology, we have ranked the healthiest bottled water brands in 2024 based on a consensus-driven approach. We took into account factors like purity and safety, Water source, packaging, and mineral content and then assigned each brand points based on its healthiness. The brand ranking in the first place got a score of 1 (10/10=1) and the one ranking in second place got a score of 0.9 (9/10=0.9), and so on.
The Most Healthy Bottled Water Brand in 2024
1. Mountain Valley Spring Water
Insider Monkey Score: 1
Mountain Valley Spring Water tops the list for being one of the healthiest bottled water brands in 2024. The water has a naturally balanced pH between 7.3-7.7 which makes it slightly alkaline which can help neutralize acidity in the body. The water is sourced from a protected spring in the Ouachita Mountains of Arkansas and undergoes a natural filtration process through granite and marble over thousands of years. Regarding the price, a case of 24 glass bottles (11.3 oz each) retails for around $37.95, or roughly $1.58 per bottle.
If you are looking for other healthy bottled water options to consider, then you would not want to miss out on our exclusive full list of 10 Healthiest Bottled Water Brands in 2024.
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Disclosure. None: The 10 Healthiest Bottled Water Brands in 2024 is originally published on Insider Monkey.
