The bottled water market in Spain has shown a generally upward trend from 2013 to 2023, with a dip in 2020 likely due to the COVID-19 pandemic. By 2023, the market reached 9.3302 billion liters. Growth recovered post-2020, evidenced by a 2.06% year-on-year increase from 2022 to 2023. The CAGR over the past 5 years (2019-2023) is 1.63%. Looking ahead, forecasted data suggests a continued rise, with a projected volume of 10.245 billion liters by 2028, translating to a 1.49% annual growth rate over the next five years and an overall growth of 7.65% from 2024 to 2028.
Future Trends to Watch For:
- Increased consumer preference for premium and flavored bottled water.
- Growth in sustainable packaging solutions.
- Rising health awareness driving higher consumption rates.
- Impact of environmental regulations and public policies on market dynamics.
