Italy Bottled Water Market is projected to grow at a CAGR of 2.18% during the forecast period 2020-2025

New York, May 12, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Italy Bottled Water Market - Growth, Trends and Forecast (2020 - 2025)" - https://www.reportlinker.com/p05891630/?utm_source=GNW

- This can be attributed to high consumer demand for high-quality premium sparkling and fortified drinking water, especially from the foodservice sector, wherein bottled water is usually charged at much higher prices than that in off-trade retail distribution channels.
- Increasing tourism to Italy has facilitated the growth in foodservice expenditure in recent years, which in turn has propelled the growth of the bottled water market.

Key Market Trends
Growth In Foodservice Expenditure and Tourism Growth

The growth of the foodservice channel is a major driving factor for the value sales of bottled water as food service occupies more than 60% of the market share due to high product prices in this channel. Additionally, bottled water in Italian restaurants is associated with premiumization and is known to often carry 5 times the price in foodservice outlets compared to that in supermarkets, thereby effecting its value consumption to a large extent. Furthermore, with 62.15 million tourist arrivals in 2018, Italy was ranked fifth in the global list of countries with the largest number of international tourist arrivals and tenth in the largest international tourism expenditure. It is one of the most popular tourist destinations in Europe as well as globally, recording increasing tourist arrivals since the past few years, which is driving foodservice expenditure and the consumption of premium bottled water, an inherent part of food service spending in the country.

Still Water holds the Largest Market Share

Still water benefitted the most from the general increase in demand for healthy drinks as it is perceived as a healthy alternative to other soft drinks and more thirst-quenching than sparkling water. There is also a tendency for Italian consumers to use still water for cooking at home. Still spring water is another bright spot in the Italian water industry, although the segment is still very small. Springwater is increasingly employed in the water cooler segment. Moreover, mineral water is also a major part of the still water segment in the country. Italy is a country rich in mineral waters and, considered its orographic constitution, it can rely on natural mineral waters of different origin and composition as a result of its granite rocks, dolomites calcareous and volcanic rocks. It is one of the major exporters of mineral water to The United States.

Competitive Landscape
The major companies of the market are indulging in mergers and acquisitions, geographical expansions, product innovations, and partnerships in order to establish a wider consumer base for bottled water and strengthen the overall sales of the company. Some of the major players in Italy bottled water market are Acqua Minerale San Benedetto S.p.A.?, Ferrarelle SpA?, Refresco Group B.V. (Spumador SpA)?, Lauretana SpA among others.

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Read the full report: https://www.reportlinker.com/p05891630/?utm_source=GNW

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