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Bolivia Bottled Water Market Share, Size, Growth, Forecast: By Type: Spring Water, Purified Water, Mineral Water, Sparkling Water, Others; By Distribution Channel: Off-Trade, On-Trade; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Bolivia Bottled Water Market Outlook
The Bolivia bottled water market size is projected to expand at a CAGR of 5.80% between 2024 and 2032.
Key Takeaways
- The growing demand for sustainable packaging is a major trend in the market. Consumers are increasingly seeking bottled water brands that use eco-friendly materials like recycled plastic or biodegradable substances.
- Functional water, enriched with vitamins, is becoming increasingly popular in Bolivia due to its convenience, perceived health benefits, and superior taste compared to tap water.
- Some prominent market participants are innovating products with cutting-edge hydration and nutrition solutions, including isotonic and pH-balanced water, to appeal to a broader range of consumers.
The demand for bottled water is driven by the need for safe drinking water and concerns about water quality. Additionally, the rising interest in sports and physical activities among young people, as well as the growing awareness of the importance of proper hydration, are contributing to the increased demand for bottled water in the region. Moreover, the influx of tourists in the area is leading to a higher demand for convenient and portable drinking water options from commercial establishments like airports, restaurants, and bars, thereby supporting the bottled water market growth in Bolivia.
In Bolivia, the off-trade segment holds a significant share of the market. This is due to the availability of a wide range of products in one place, including supermarkets, brick-and-mortar stores, and online channels, allowing consumers to purchase items at lower prices, enjoy attractive discounts, and choose from various product options. On the other hand, the on-trade segment is expected to experience growth in the forecast period. This can be attributed to changing consumer buying habits and the expansion of bars, restaurants, and hotels in the region, attracting potential customers and driving up the Bolivia bottled water market share.
The market is also influenced by the increasing demand for environmentally friendly and sustainable packaging solutions for bottled water. This demand is driven by the growing awareness among consumers about the harmful impact of single-use plastic on the environment. Additionally, the government's support for eco-friendly products further contributes to this trend. Reusable water bottles are available in various materials such as stainless steel, glass, and aluminium. These materials offer durability, eco-friendliness, and are free from bisphenol A (BPA). Moreover, the production of these bottles does not contribute to pollution or greenhouse gas emissions. By using reusable bottles, individuals can reduce their carbon footprint and lessen the plastic burden on landfills, ultimately protecting marine life and further leading to the Bolivia bottled water market development.
Market Segmentation
Bolivia Bottled Water Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Spring Water
- Purified Water
- Mineral Water
- Sparkling Water
- Others
Market Breakup by Distribution Channel
- Off-Trade
- Supermarkets and Hypermarkets
- Convenience Stores
- Grocery Stores
- Others
- On-Trade
Competitive Landscape
The market participants are increasingly prioritising sustainable production practices and are investing in innovative marketing strategies to gain a competitive edge in the market.
- Agua Cucú
- Embotelladora La Cabaña
- Agua Ykarai
- Grupo Embotellador ATIC S.A
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Distribution Channel |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Bottled Water Market Overview
8.1 Key Industry Highlights
8.2 Latin America Bottled Water Historical Market (2018-2023)
8.3 Latin America Bottled Water Market Forecast (2024-2032)
8.4 Latin America Bottled Water Market Share by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Bolivia
8.4.5 Others
9 Bolivia Bottled Water Market Overview
9.1 Key Industry Highlights
9.2 Bolivia Bottled Water Historical Market (2018-2023)
9.3 Bolivia Bottled Water Market Forecast (2024-2032)
10 Bolivia Bottled Water Market by Type
10.1 Spring Water
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Purified Water
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Mineral Water
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Sparkling Water
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Bolivia Bottled Water Market by Distribution Channel
11.1 Off-Trade
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.1.3 Breakup by Type
11.1.3.1 Supermarkets and Hypermarkets
11.1.3.2 Convenience Stores
11.1.3.3 Grocery Stores
11.1.3.4 Others
11.2 On-Trade
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyers Powers
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Agua Cucú
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Embotelladora La Cabaña
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Agua Ykarai
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Grupo Embotellador ATIC S.A.
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Bottled Water Market: Key Industry Highlights, 2018 and 2032
2. Bolivia Bottled Water Market: Key Industry Highlights, 2018 and 2032
3. Bolivia Bottled Water Historical Market: Breakup by Type (USD Million), 2018-2023
4. Bolivia Bottled Water Market Forecast: Breakup by Type (USD Million), 2024-2032
5. Bolivia Bottled Water Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
6. Bolivia Bottled Water Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
7. Bolivia Bottled Water Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 5.80% between 2024 and 2032.
The market is driven by the surge in demand for bottled water in bars and restaurants and increasing awareness of the importance of staying hydrated.
The key trends aiding the market expansion include the growing demand for sustainable packaging, increasing interest in the beverage by sports and fitness professionals, and growing marketing investments by manufacturers.
The major types of bottled water in the market are spring water, purified water, mineral water, and sparkling water, among others.
The major distribution channels in the market are off-trade and on-trade.
The key players in the market are Agua Cucú, Embotelladora La Cabaña, Agua Ykarai, and Grupo Embotellador ATIC S.A, among others.
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