Vietnam Bottled Water Market

Market Overview:

Vietnam bottled water market is projected to exhibit a growth rate (CAGR) of 6.40% during 2024-2032. The rising awareness about health and wellness, growing concerns about waterborne diseases, changing consumer preferences and lifestyles, implementation of favorable government policies, booming tourism industry, and increasing foreign direct investment (FDI) represent some of the key factors driving the market.

Bottled water refers to packaged beverage products that have undergone purification processes to meet health and safety standards for human consumption. It is sourced from natural springs, wells, or municipal supplies and is typically filtered and disinfected before bottling. Bottled water includes spring, mineral, purified, and flavored or infused water. It provides portability, purity, and taste consistency. Bottled water is widely utilized for personal consumption, food preparation, outdoor activities, emergency supplies, hospitality services, vending machines, and airlines. They offer numerous benefits, such as convenience, safety, standardization, and long shelf life. Additionally, bottled water provides suitability for health-conscious consumers and versatility in meeting hydration needs across various social and occupational settings.

Vietnam Bottled Water Market Trends:

The rising awareness about wellness and health among Vietnamese consumers is one of the major factors propelling the market growth. In line with this, the increasing focus on proper hydration and concerns about waterborne diseases, prompting consumers to adopt bottled water as a trusted source, is acting as a growth-inducing factor. Moreover, the growing lifestyle changes and consumer preferences, necessitating convenient and portable options, are stimulating the market growth. Along with this, the increasing consumption of bottled water owing to the booming tourism industry in the country is boosting the market growth. In confluence with this, the growing product demand in the hospitality industry, including hotels and restaurants, is also contributing to the market growth. Additionally, the rising government investment in infrastructure and foreign direct investments (FDIs), making it easier for bottled water companies to set up production and distribution networks across Vietnam, is favoring the market growth. Furthermore, the implementation of government regulations and quality control measures to ensure that bottled water meets international standards, thereby boosting consumer confidence and encouraging domestic consumption, is amplifying the market growth. Apart from this, rapid technological advancements and innovations in packaging, such as eco-friendly bottles and smart labels, meeting consumer demands for sustainability and adding value to the product is fostering the market growth. Additionally, the widespread adoption of advanced filtration and purification technologies by companies to differentiate their offerings, improve quality, and gain a competitive edge is strengthening the market growth. Furthermore, the implementation of effective marketing strategies, including aggressive advertising campaigns and strategic partnerships, to increase market penetration and brand awareness is offering remunerative growth opportunities for the market. In addition to this, the increasing popularity of retail distribution channels, including convenience stores, hypermarkets, supermarkets, and online platforms, offering easy access for consumers, is providing a considerable boost to the market growth.

Vietnam Bottled Water Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on, type, distribution channel, and packaging size.

Type Insights:

• Still Water
• Sparkling Water
   

A detailed breakup and analysis of the market based on the type have also been provided in the report. This includes still water and sparkling water.

Distribution Channel Insights:

• Retail Channels
  • Supermarkets/Hypermarkets
  • Convenience/Grocery Stores
  • Others
• Home and Office Delivery
• Foodservice
   

The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes retail channels (supermarkets/hypermarkets, convenience/grocery stores, and others), home and office delivery, and foodservice.

Packaging Size Insights:

• Less Than 330 ml
• 331 ml - 500 ml
• 501 ml - 1000 ml
• 1001 ml - 2000 ml
• 2001 ml - 5000 ml
• More Than 5001 ml
   

A detailed breakup and analysis of the market based on the packaging size have also been provided in the report. This includes less than 330 ml, 331 ml - 500 ml, 501 ml - 1000 ml, 1001 ml - 2000 ml, 2001 ml - 5000 ml, and more than 5001 ml.

Regional Insights:

• Northern Vietnam
• Central Vietnam
• Southern Vietnam
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Vietnam Bottled Water Market Report Coverage:

Key Questions Answered in This Report:

• How has the Vietnam bottled water market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Vietnam bottled water market?
• What is the breakup of the Vietnam bottled water market on the basis of type?
• What is the breakup of the Vietnam bottled water market on the basis of distribution channel?
• What is the breakup of the Vietnam bottled water market on the basis of packaging size?
• What are the various stages in the value chain of the Vietnam bottled water market? 
• What are the key driving factors and challenges in the Vietnam bottled water?
• What is the structure of the Vietnam bottled water market and who are the key players?
• What is the degree of competition in the Vietnam bottled water market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Vietnam bottled water market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Vietnam bottled water market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Vietnam bottled water industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.