Spring Water Market: Global Industry Analysis and Forecast (2024-2030)

  • Spring Water Market size was valued at USD 222.97 Bn. in 2023 and the total Spring Water Market size is expected to grow at a CAGR of 9.09 % from 2024 to 2030, reaching nearly USD 410.09 Bn. by 2030.

  • Format : PDF | Report ID : SMR_1919

Spring Water Market Overview

Spring water is naturally filtered and purified from a spring source or a borehole tapping from an underground source. Spring water is usually fed from a sand or gravel water-bearing soil formation called an aquifer, or a water flow through fissured rock. Where solid or clay layers block the underground flow of water, it is forced upwards to the surface. The water may emerge either in the open as a spring, or invisibly as an outflow into a river, stream, lake, or sea.


The report provides profiles of the competitive landscape, highlighting major competitors and their market rankings, and offering deeper insights into the Spring Water industry. It also covers new product developments and technological trends within the market. Detailed information on revenues, sales volumes, and average prices is provided for the overall market and its sub-segments, which is beneficial for companies, new entrants, and industry-related firms in the Spring Water market.


The analysis of the spring water market identifies current market trends that influence growth and potential. The report includes both qualitative and quantitative research, focusing on data interpretation, pattern recognition, and actionable insights. A hierarchical approach is used to study market segments and regions, examining the strategies of top companies in the spring water sector. With support from a financial backer, the report also provides data on import/export activities, market dynamics, values, costs, earnings, and gross profits.


  • The top 3 importers of spring water are the United States followed by Brazil and Germany.
  • India exports most of its spring water to Nepal, Chile, and Paraguay and is the 2nd largest exporter of spring water in the World.
  • The top 3 exporters of spring water are China followed by India and Israel.

Spring Water Market


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Spring Water Market Dynamics

Natural Purity and Health Benefits Drive Surge in Spring Water Market Growth

Surged in the demand for spring water owing to contains traces of minerals like magnesium, potassium, calcium, and sodium, among others, and is revered because of the rich mineral content that comes straight from the source has propelled the market growth. The appeal of spring water is that it is naturally purified and impurities and is usually bottled at the source. While some spring water did not undergo intensive treatment as others, it boasts water coming from a pure source where natural minerals are rich and it is considered the best water for drinking as a result it has accelerated the market growth.


One of the key benefits of natural spring water is that it comes from water that flows to the surface from a clean underground water source. Increasing health consciousness among consumers has led to a higher demand for natural and minimally processed products. For Instance, Drinking alkaline water helps to neutralize acidity in the body and reduce the amount of free radical damage. It also helps to keep bones and teeth strong and dense.

Spring Water Market1

Challenges and Sustainability Issues Facing the Spring Water Market

The challenges for spring development for drinking water include pollution, excessive water withdrawal, encroachments, deforestation, degradation of recharge landscapes, land use and land cover changes, and climate change. These factors have led to a decline in the quantity and quality of spring water flow, posing a threat to human health and the provision of ecosystem services. Bottled water requires less energy and water than other packaged beverages, yet its environmental impact remains significant. The production and disposal of plastic bottles contribute to pollution and resource depletion has restrained the market growth.


Ensuring that spring water meets stringent safety and quality standards is a complex process as it involves regular sampling, analysis, and verification of water safety, as well as compliance with regulations concerning plant layout, bottling practices, and record-keeping. A major concern is the sustainability of water sources; over-extraction of spring water depletes natural resources, affecting local ecosystems and communities. Although the plastics used in bottled water—PET, HDPE, and polycarbonate—are recyclable, effective plastic waste management remains a major challenge faced by the Spring Water Market.


Opportunities for Sustainable Management and Development of Spring Water Resources

There are also opportunities for sustainable management and development of springs. Techniques such as gravity-fed drip irrigation, bamboo drip irrigation, and pitcher irrigation were implemented to minimize water usage in agriculture and household consumption. Spring sanctuary development, which involves creating recharge zones and promoting rational use of water, has shown promising results in increasing spring discharge. Effective management of springwater facilities, reduction of unnecessary springwater sites, and concentrated inspections for contaminants are also important for maintaining healthy spring waters.


Spring Water Market Segment Analysis

Based on Container Type, the Bottled segment held the largest share and is expected to dominate through the forecast period with an increasing CAGR. The increasing consumer demand for bottled water, which has been a healthier option compared to other packaged beverages, has significantly driven market growth. Despite ongoing growth and rising consumption, bottled water maintains the smallest water and energy use footprint among packaged drinks. Additionally, the recyclable plastics used in bottled water containers—PET, HDPE, and polycarbonate (PC)—constitute a minimal fraction of the total plastic used by consumers.


To ensure safety and sanitation, water needs to be sampled, analyzed, and confirmed safe for consumption. Regulations also mandate the appropriate design of plants and equipment, adherence to bottling procedures, and meticulous record-keeping. Additionally, bottled water producers are typically required to register as food facilities with the FDA.


There are some companies like Himalayan Natural Spring Water and Mulshi Natural Spring Water and Himalayan which is a joint venture between Tata Global Beverages and PepsiCo India. While Himalayan Natural Spring water comes from Nepal’s Langtang Himalayan Range in the Langtang Valley, Mulshi water comes from the Sahyadri Mountains and Tata’s Himalayan comes from the foothills of the Shivalik range in the Himalayas. All three spring water bottlers have stated that spring water is superior to other packaged water as it is naturally filtered when it passes through the earth, it is free from contaminants and other external influences of population and environment as it is available in areas where there is hardly any population, no factories, and no pollution. While the former two say their water is bottled at the source Tata’s Himalayan is bottled in Dhaula Kuan, Himachal Pradesh, and is flavored.

Spring Water Market2

Spring Water Market Regional Analysis

Europe led the market and is projected to continue its dominance throughout the forecast period, with a steadily rising compound annual growth rate (CAGR). The unique quality of European natural minerals and spring waters is recognized all over the world. Naturally pure as it passes through the geological structures of their protected underground sources, natural mineral, and spring waters do not require chemical treatments or disinfection to make them safe for consumption. Innovators from multiple sectors including energy, manufacturing, transport, and food and beverage, have the opportunity to share their condition-monitoring solutions with every water company in the UK and Ireland.


For instance, Iceland has high rainfall, meaning that not only does it have a large amount of groundwater, it is of great quality. As a result, the water in Iceland is free from chlorine, calcium, and nitrate. The water has filtered through the volcanic rock for decades, ensuring that tap water is safe and delicious. 95% of all water in Iceland comes from springs in the ground, meaning it doesn’t come into contact with pollutants. Unsurprisingly, many other countries purchase their bottled water from Iceland.


  • Approximately 70% of Germany’s drinking water is sourced from either groundwater or spring water.
  • The world imports most of its spring water from Germany, Spain, and Brazil.

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Spring Water Market Competitive Landscape

  • In February 2024 – Icelandic Glacial, exceptionally pure water bottled at the source from Iceland’s legendary Ölfus Spring in Iceland, announced its dominant presence in the 2024 Food & Wine Festival circuit. Establishing itself as the premier water sponsor, Icelandic Glacial boasts strategic partnerships with some of the most prestigious events in the industry.
  • In September 2023, Icelandic Glacial, the naturally alkaline, super-premium spring water from Iceland, announced that it had received new equity funding from new and existing investors.
  • In Nov 2023, Primo Water Corporation, a leading provider of sustainable drinking water solutions in North America and Europe, announced that it has entered into a definitive agreement whereby Culligan International is estimated to acquire a significant portion of Primo Water's International businesses in an all-cash transaction valued at up to USD 575 million.  The Transaction excludes the Aimia Foods, United Kingdom, Portugal, and Israel businesses but each of these is expected to sell across 2024.

Spring Water Market Scope

Market Size in 2023

USD 222.97 Bn.

Market Size in 2030

USD 410.09 Bn.

CAGR (2024-2030)

9.09 %

Historic Data

2018- 2022

Base Year


Forecast Period

2024 - 2030


By Container Type

  • Bottled
  • Canned

By Application

  • Specialty Stores
  • Online Retail
  • Hypermarket

Regional Scope

North America- United States, Canada, and Mexico

Europe – United Kingdom, France, Germany, Italy, Spain, Sweden, Russia, and Rest of Europe

Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC

Middle East and Africa - South Africa, GCC, Egypt, Rest of the Middle East and Africa

South America – Brazil, Argentina, Rest of South America


Spring Water Market Key Players

  1. Kepwel Spring Water
  2. Spring Water Promotions
  3. Danone
  4. Crystal Geyser Water Company
  5. Deer Park Spring Water
  6. Poland Spring
  7. evian Natural Spring Water
  8. VOSS of Norway ASA
  9. Fiji Water Company LLC
  10. Spadel
  11. Water for Life
  12. Ferrarelle SpA
  13. Icelandic Glacial
  14. Mountain Valley Spring Company
  15. Hildon Limited
  16. Belu Water Ltd
  17. Summit Spring Water Inc.
  18. Harrogate Spring Water
  19. Cheddar Natural Spring Water
  20. Glastonbury Spring Water
  21. Glenpatrick Spring Water
  22. XXX Ltd.

Frequently Asked Questions

Natural Purity and Health Benefits are expected to be the major drivers of the market.

1.    Spring Water Market: Research Methodology 
2.    Spring Water Market: Executive Summary
3.    Spring Water Market: Competitive Landscape

3.1. Stellar Competition Matrix
3.2. Competitive Landscape
3.3. Key Players Benchmarking
3.4. Market Structure
3.4.1.    Market Leaders 
3.4.2.    Market Followers
3.4.3.    Emerging Players

3.5. Consolidation of the Market
4.    Spring Water Market: Dynamics
4.1. Market Trends 
4.2. Market Drivers 
4.3. Market Restraints
4.4. Market Opportunities
4.5. Market Challenges
4.6. PORTER’s Five Forces Analysis
4.7. PESTLE Analysis
4.8. Strategies for New Entrants to Penetrate the Market
4.9. Regulatory Landscape by Region
4.9.1.    North America
4.9.2.    Europe
4.9.3.    Asia Pacific
4.9.4.    Middle East and Africa
4.9.5.    South America

4.10. Spring Water Market Size and Forecast by Segments (by Value USD Million)
4.10.1.    Spring Water Market Size and Forecast, by Container Type (2023-2030)    Bottled    Canned 
4.10.2.    Spring Water Market Size and Forecast, by Distribution Channel (2023-2030)    Specialty Stores    Online Retail    Hypermarket
4.10.3.    Spring Water Market Size and Forecast, by Region (2023-2030)    North America    Europe    Asia Pacific    Middle East and Africa    South America

5.    North America Spring Water Market Size and Forecast (by Value USD Million)
5.1. North America Spring Water Market Size and Forecast, by Container Type (2023-2030)
5.1.1.    Bottled 
5.1.2.    Canned 

5.2. North America Spring Water Market Size and Forecast, by Distribution Channel (2023-2030)
5.2.1.    Specialty Stores
5.2.2.    Online Retail
5.2.3.    Hypermarket

5.3. North America Spring Water Market Size and Forecast, by Country (2023-2030)
5.3.1.    United States
5.3.2.    Canada
5.3.3.    Mexico

6.    Europe Spring Water Market Size and Forecast (by Value USD Million)
6.1. Europe Spring Water Market Size and Forecast, by Container Type (2023-2030)
6.1.1.    Bottled 
6.1.2.    Canned 

6.2. Europe Spring Water Market Size and Forecast, by Distribution Channel (2023-2030)
6.2.1.    Specialty Stores
6.2.2.    Online Retail
6.2.3.    Hypermarket

6.3. Europe Spring Water Market Size and Forecast, by Country (2023-2030)
6.3.1.    UK
6.3.2.    France
6.3.3.    Germany
6.3.4.    Italy
6.3.5.    Spain
6.3.6.    Sweden
6.3.7.    Russia
6.3.8.    Rest of Europe

7.    Asia Pacific Spring Water Market Size and Forecast (by Value USD Million)
7.1. Asia Pacific Spring Water Market Size and Forecast, by Container Type (2023-2030)
7.1.1.    Bottled 
7.1.2.    Canned 

7.2. Asia Pacific Spring Water Market Size and Forecast, by Distribution Channel (2023-2030)
7.2.1.    Specialty Stores
7.2.2.    Online Retail
7.2.3.    Hypermarket

7.3. Asia Pacific Spring Water Market Size and Forecast, by Country (2023-2030)
7.3.1.    China
7.3.2.    S Korea
7.3.3.    Japan
7.3.4.    India
7.3.5.    Australia
7.3.6.    ASEAN
7.3.7.    Rest of Asia Pacific

8.    Middle East and Africa Spring Water Market Size and Forecast (by Value USD Million)
8.1. Middle East and Africa Spring Water Market Size and Forecast, by Container Type (2023-2030)
8.1.1.    Bottled 
8.1.2.    Canned 

8.2. Middle East and Africa Spring Water Market Size and Forecast, by Distribution Channel (2023-2030)
8.2.1.    Specialty Stores
8.2.2.    Online Retail
8.2.3.    Hypermarket

8.3. Middle East and Africa Spring Water Market Size and Forecast, by Country (2023-2030)
8.3.1.    South Africa
8.3.2.    GCC
8.3.3.    Egypt
8.3.4.    Rest of ME&A

9.    South America Spring Water Market Size and Forecast (by Value USD Million)
9.1. South America Spring Water Market Size and Forecast, by Container Type (2023-2030)
9.1.1.    Bottled 
9.1.2.    Canned 

9.2. South America Spring Water Market Size and Forecast, by Distribution Channel (2023-2030)
9.2.1.    Specialty Stores
9.2.2.    Online Retail
9.2.3.    Hypermarket

9.3. South America Spring Water Market Size and Forecast, by Country (2023-2030)
9.3.1.    Brazil
9.3.2.    Argentina
9.3.3.    Rest of South America

10.    Company Profile: Key players
10.1. Kepwel Spring Water
10.1.1.    Company Overview
10.1.2.    Financial Overview
10.1.3.    Business Portfolio
10.1.4.    SWOT Analysis
10.1.5.    Business Strategy 
10.1.6.    Recent Developments

10.2. Spring Water Promotions
10.3. Danone 
10.4. Crystal Geyser Water Company
10.5. Deer Park Spring Water
10.6. Poland Spring
10.7. evian Natural Spring Water
10.8. VOSS of Norway ASA
10.9. Fiji Water Company LLC
10.10. Spadel
10.11. Water for Life
10.12. Ferrarelle SpA
10.13. Icelandic Glacial
10.14. Mountain Valley Spring Company
10.15. Hildon Limited
10.16. Belu Water Ltd
10.17. Summit Spring Water Inc.
10.18. Harrogate Spring Water
10.19. Cheddar Natural Spring Water
10.20. Glastonbury Spring Water
10.21. Glenpatrick Spring Water
11.    Key Findings
12.    Industry Recommendation

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