Between 2013 and 2023, the UK bottled water market witnessed varied growth patterns. The market volume in 2013 stood at 1.99 billion liters, advancing to 3.48 billion liters by 2023. The highest growth was observed in 2014 with a 15.07% increase, while 2019 and 2020 encountered slight declines. The year 2023 saw a moderate year-on-year growth of 2.4%. Over the last five years leading up to 2023, the compound annual growth rate (CAGR) decelerated to 1.41%.
Future trends to watch for:
- Forecast data suggests a steady growth trajectory with an average CAGR of 1.82% over the next five years.
- A cumulative growth rate of approximately 9.42% is anticipated from 2024 to 2028.
- Market developments such as increasing consumer health consciousness and environmental sustainability efforts are expected to influence future demand.