Market Overview:
Deep ocean water refers to the seawater under 200 meters below the sea level where sunlight no more reaches. The characteristics of deep ocean water comprise three elements of stabilized low temperatures, cleanliness, and rich nourishment. The increased health awareness among the consumers, the rich nutrient contents in the deep ocean water, and rise in disposable income of an individual are some of the key drivers of the market. However, large population are unware about the deep ocean water and this factor may hamper the growth of the market.
The Global Bottled Deep Ocean Water market is expected to see growth rate of 6.67% and may see market size of USD826.0 Million by 2027, currently pegged USD560.77 Million. Europe is projected to be the fastest-growing market, expanding at a CAGR of 7.34% from 2021 to 2027.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Kona Deep (United States), Taiwan Yes Deep Ocean Water (Taiwan), Hawaii Deep Blue LLC (United States), Menehune Water Company (United States), Ocean Fresh Water (Malta), Tropical World Food (The Netherlands), Destiny deep sea water LLC (United States), Ocean's Halo (United States) and Koyo USA Corporation (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Vendors of Bottled Deep Ocean Water Market Study:
Kona Deep (United States), Taiwan Yes Deep Ocean Water (Taiwan), Hawaii Deep Blue LLC (United States), Menehune Water Company (United States), Ocean Fresh Water (Malta), Tropical World Food (The Netherlands), Destiny deep sea water LLC (United States), Ocean's Halo (United States) and Koyo USA Corporation (United States)
Bottled Deep Ocean Water Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Food and Beverage Industry and Pharmaceutical Industry |
Type | Flavored Water, Unflavored Water and Sparkling Water |
The Unflavoured Water segment is expected to command the largest share of the Global Bottled Deep Ocean Water market and the revenue market share is about 71.39%. The Food and Beverage Industry segment is expected to command the largest share of the Global Bottled Deep Ocean Water market and the market share is about 78.31%.
Influencing Trend:
Introduction of Flavoured Deep Ocean Drinking Water and Consumers Shift Towards Sparkling Water Over Artificial Soda
Market Growth Drivers:
Growing Demand Across Food & Beverages Industry and Increasing Demand Across Pharmaceutical & Cosmetics Industry
Challenges:
High Transportation Cost for Exports Leads to High Cost of Product for Importing Countries
Restraints:
High Cost of Product Due to Inclusion of Processing Costs
Opportunities:
Opportunity to Diversify Into Emerging Economic Markets Such As Asia Pacific
The Vendors having strong hold in the market are Kona Deep, Koyo USA Corporation, Ocean Fresh Water. . The Global Bottled Deep Ocean Water market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:
In April 2018, Taiwan yes Deep Ocean Water Co. Ltd. received approval for distributing D-MINNERALZ in Thailand and waiting for its approval for the same in Indonesia
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Bottled Deep Ocean Water market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Bottled Deep Ocean Water market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment .
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.