The bottled water market in Estonia has shown significant growth over the past decade, with the market value increasing from €19.247 million in 2013 to €42.698 million in 2023. The market experienced the highest year-on-year growth in 2015 at 36.51%, while 2020 saw a decline of 7.49%, likely due to the impact of the COVID-19 pandemic. In the past two years, the market grew by 5.98% in 2023 and 6.44% in 2022. The compound annual growth rate (CAGR) over the most recent five-year period is 2.07%, indicating steady growth.
Future trends to watch for:
- Eco-friendly packaging: Increasing consumer demand for sustainable and eco-friendly packaging options.
- Health and wellness: Rising awareness about health and wellness may drive consumption of bottled water over sugary drinks.
- Innovation: Introduction of new flavors and enhanced waters with added vitamins and minerals could attract more consumers.
- Economic factors: Monitoring potential economic shifts that might impact consumer spending power and preferences.
How does Estonia rank in Bottled Water Market Size Value?
| # | 19 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 4,840,400,000 | 2023 | +2.05% | +1.46% | View data |
| 2 | 2 Italy | 3,614,000,000 | 2023 | +1.54% | +0.13% | View data |
| 3 | 3 Spain | 1,811,400,000 | 2023 | +1.72% | +0.36% | View data |
| 4 | 4 United Kingdom | 1,095,200,000 | 2023 | +2.3% | +1.3% | View data |
| 5 | 5 Poland | 1,079,000,000 | 2023 | +2.1% | +2.09% | View data |
| 16 | 16 Latvia | 56,671,000 | 2023 | +3.78% | +0.73% | View data |
| 17 | 17 Denmark | 49,020,000 | 2023 | -4.63% | -1.88% | View data |
| 18 | 18 Estonia | 42,698,000 | 2023 | +5.98% | +2.07% | |
| 19 | 19 Sweden | 13,031,000 | 2023 | +3.6% | -0.64% | View data |
