The bottled water market in Honduras is likely to register a CAGR of over 7.9% with an incremental growth of USD 160.7 million during the forecast period 2024-2029. Concerns regarding water quality serve as a significant catalyst for market dynamics. Despite advancements in water treatment infrastructure, numerous regions across the nation contend with inconsistent and compromised tap water quality attributable to industrial contaminants, agricultural runoff, and deficient municipal systems. Consequently, consumers perceive bottled water as a safer and more dependable potable alternative. Concurrently, the escalating awareness of health-related issues propels an increasing preference among consumers for healthier beverage choices. Bottled water, often promoted for its purity and safety, resonates with the evolving inclination towards healthier lifestyles, supplanting traditional sugary beverages.
Urbanization emerges as another pivotal determinant. Swift urban expansion precipitates a heightened demand for accessible and portable hydration solutions. Amidst bustling urban settings, bottled water garners significant traction owing to the imperative for convenient access to potable water while on the move. Furthermore, as disposable incomes rise among consumers, there is a discernible trend towards premium bottled water brands offering augmented health benefits, such as mineral-infused or vitamin-enhanced variants.
This report provides a thorough assessment of the Honduras bottled water industry, presenting key market data including historical performance, growth trends, and future outlooks. It delves into various market segments and sub-segments, with a focus on important factors like product type, pack type, and distribution channel. Through this detailed assessment, the report helps uncover the growth potential of the bottled water industry.
Market Segmentation
The bottled water market in Honduras is categorized into the following segments:
Product type: still water, sparkling water, functional and flavored water
Pack type: glass bottles, rigid plastic bottles, others
Distribution channel: convenience and forecourt stores, supermarkets and hypermarkets, small grocery stores, HoReCa, e-commerce, others
The Honduras bottled water market is segmented on the basis of product type, pack type, and distribution channel. By product type, the bottled water market in Honduras has been segmented into still water, sparkling water, and functional and flavored water. Based upon pack type, the bottled water market in Honduras is categorized into glass bottles, rigid plastic bottles, and others. On the basis of distribution channel, the bottled water market in Honduras has been segmented into convenience and forecourt stores, supermarkets and hypermarkets, small grocery stores, HoReCa, e-commerce, and others.
Competitive Landscape
As of 2023, the major players in the Honduras bottled water market were Compania Embotelladora Hondurena SA de CV, Embotelladora de Sula S.A., Purificadora de Agua El Progreso S de RL de CV, The Coca-Cola Company.
This report provides a comprehensive analysis of the key players in the Honduras bottled water market, along with their performance from 2019 to 2023. By utilizing this data, businesses can gain a deeper understanding of market dynamics, including shifts in market share, the identification of leading players, and the rise of emerging companies. This information equips firms with a strategic advantage in a competitive landscape, enabling them to refine their market strategies and make informed, long-term decisions.
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Obtain precise statistical data and forecasts for the Honduras bottled water market.
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Table of Contents
TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewHonduras bottled water market – product type analysis
Honduras bottled water market – pack type analysis
Honduras bottled water market – distribution channel analysis
Key players and market share
– Compania Embotelladora Hondurena, SA de CV
– Embotelladora de Sula S.A.
– Purificadora de Agua El Progreso S de RL de CV
– The Coca-Cola Company
Macroeconomic data and forecast
Disclaimer
FIGURES AND TABLES
Table Honduras bottled water market 2019-2029
Chart Honduras bottled water market, net growth, 2019-2029
Chart Honduras bottled water market, growth rates, 2019-2029
Table Honduras bottled water market by product type, 2019-2029
Chart Honduras bottled water market by product type, CAGR historic and forecast, 2019-2029
Chart Honduras bottled water market by product type, 2019-2029
Table Honduras bottled water market by pack type, 2019-2029
Chart Honduras bottled water market by pack type, CAGR historic and forecast, 2019-2029
Chart Honduras bottled water market by pack type, 2019-2029
Table Honduras bottled water market by distribution channel, 2019-2029
Chart Honduras bottled water market by distribution channel, CAGR historic and forecast, 2019-2029
Chart Honduras bottled water market by distribution channel, 2019-2029
Table Honduras bottled water market share (%), by companies, 2019-2023
Chart Honduras bottled water market, by companies, 2023
Table Honduras bottled water market share (%), by brands, 2019-2023
Chart Honduras bottled water market, by brands, 2023
Table Honduras – population (millions) and forecast
Table Honduras – consumer price index (CPI) and forecast
Table Honduras – gross domestic product and forecast
Table Honduras bottled water market: spend as a proportion of GDP (%)
Table Honduras bottled water market: consumption per capita (population)