Australia & New Zealand Dried Fruits MARKET By Application
| Label | USD Million |
|---|---|
| 2018 | 1591.89891800816 USD Million |
| 2019 | 1699.50373051924 USD Million |
| 2020 | 1622.94454497136 USD Million |
| 2021 | 1721.05656149465 USD Million |
| 2022 | 1822.67298981886 USD Million |
| 2023 | 1939.98165794876 USD Million |
| 2024 | 2070.79609644728 USD Million |
| 2025 | 2213.1492494129 USD Million |
| 2026 | 2370.87169551832 USD Million |
| 2027 | 2541.57254931503 USD Million |
| 2028 | 2707.95425822524 USD Million |
| 2029 | 2883.66288107565 USD Million |
| 2030 | 3066.44292703323 USD Million |
| 2031 | 3267.14675435797 USD Million |
| 2032 | 3477.71230143907 USD Million |
Data Source: Wantstats Repository
Market Dynamics
The U.K. premium bottled water market is set to experience an increase in demand over the coming years. In 2018, the market saw a core range of natural mineral water brands, from boutique producers such a Highland Spring, to large global giant brands such as Evian. As water is essential for life, the need for premium bottled water is likely to continue to grow in tandem with population growth, affluence and taste preferences. Furthermore, consumers are becoming increasingly more health consciousness and increasingly looking for premium water products with health benefits. As such, health-enhancing water such as alkaline, hydrogen-rich and even nutrient-enriched water are gaining in popularity. The industry has also witnessed a rise in innovative packaging formats, such as sleek and lightweight PET bottles and aluminum cans. This is in response to the changing habits of consumers, who are now more used to informal drinking modes compared to traditional ‘go-to’ single serve packages. Moreover, increasing consumer focus on convenience food products, such as ready to drink and on the go with water, will provide further impetus to the U.K. premium bottled water market. Here, companies are offering a mix of naturally flavoured water varieties, with functional benefits.
In addition to this, brand personalization and customization has also become a key factor in premium bottled water growth. In conclusion, the outlook for the U.K. premium bottled market looks positive, with more emphasis on health and convenience and with innovative packaging formats emerging. As such, this could open up further growth opportunities in the coming years, as companies look to capitalize on the growing demand for premium water products.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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