From 2013 to 2023, the bottled water market in Spain has seen varied trends. In 2023, the market size stands at €1.8114 billion. During the last two years, year-on-year growth was 1.77% in 2022 and 1.72% in 2023, indicating a mild but consistent growth period. In the last five years leading up to 2023, the CAGR was 0.36%, reflecting moderate and stable growth.
Looking forward, from 2024 to 2028, the market is expected to increase from €1.8418 billion to €1.9602 billion with a forecasted CAGR of 1.25%. This forecasted growth amounts to a 6.43% overall increase in market value.
Future trends to watch for:
- Consumer shifts towards more sustainable and eco-friendly bottled water products.
- Innovations in packaging and water sourcing to meet environmental concerns.
- Potential impacts of regulatory policies on single-use plastics.
- Economic factors influencing consumer spending on premium bottled water.