[Research Report] The household water dispensers market was valued at US$ 5,395.43 million in 2022 and is projected to reach US$ 7,401.12 million by 2028; it is expected to register a CAGR of 5.4% from 2022 to 2028.
The increasing groundwater contamination has resulted in a rise in waterborne illnesses, such as cholera, E. coli, and gastrointestinal illnesses, which is creating the demand for household water dispensers. According to the Centers for Disease Control and Prevention (CDC), 1 out of 44 people suffer from waterborne illnesses in the US every year. However, water dispensers remove contaminants such as cryptosporidium and giardia, which helps in reducing the possibility of gastrointestinal illnesses by 33%. In addition, household water dispensers help remove minerals and chlorine and its byproducts, which reduces the threat of rectal and bladder cancer. Additionally, clean drinking water helps improve the digestive system, boost the overall immune system, and improve skin health. Thus, the increasing demand for clean drinking water owing to the rise in awareness about its health benefits is propelling the household water dispensers market growth.
In 2022, Asia Pacific held the largest share of the global household water dispensers market and is also estimated to register the highest CAGR during the forecast period. Rapidly growing population base and increasing urbanization indirectly contribute to the market growth. Also, the proliferation of e-commerce platforms has made it easier for consumers to purchase water dispensers online, further boosting sales. In addition, Asia Pacific is home to several leading manufacturers of water dispensers, which has led to increased competition and innovation in the household water dispensers, further fueling the household water dispensers market growth.
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Household Water Dispensers Market: Strategic Insights
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Household Water Dispensers Market: Strategic Insights
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Impact of COVID-19 Pandemic on Household Water Dispensers Market
In 2021, the European markets witnessed a positive retrieval as governments of various countries relaxed the restrictions and permitted manufacturers to employ at full capacity. Increased production volumes and improved supply chain operations bolstered the growth of the household water dispensers market in Europe. Moreover, in 2021, governments of various countries in Asia Pacific removed various restrictions and permitted manufacturers in the consumer goods industry to operate at full capacity. As a result, household water dispenser manufacturers were able to overcome the demand and supply gaps and recover from the losses due to the impact of the COVID-19 pandemic. The ease of lockdown helped in regulating the supply of household water dispensers, as the supply chain of raw materials and shipments was regulated.
Market Insights
Growing Adoption of E-Commerce Platforms Drives Household Water Dispensers Market
E-commerce platforms are being used widely across the globe. Increase in penetration of smartphones and the internet, rise in purchasing power of consumers, and convenient shopping experiences provided by online retail platforms are a few factors driving the sales of various products, such as household water dispensers, through e-commerce platforms. People increasingly prefer online retail platforms to buy household water dispensers owing to the availability of various products of different brands at affordable prices, detailed product descriptions, consumer ratings and reviews, and home delivery services. During the COVID-19 outbreak, individuals were restricted to their homes, which increased their inclination toward online shopping. With the rising penetration of e-commerce across different geographies, household water dispenser manufacturers are enhancing their online presence by selling their products through well-known e-commerce platforms, such as Amazon.com, Lidl, and Walmart. For instance, in June 2019, Eureka Forbes shifted its focus to e-commerce in order to increase its sales and expand its direct sales to smaller towns. Moreover, key players in the market are introducing their own websites and offering various discounts and extended warranties on products. Thus, the growing adoption of e-commerce platforms is driving the household water dispensers market.
Function-Based Insights
Based on function, the household water dispensers market is bifurcated into water cooling/heating and regular. The regular segment held a larger share of the market in 2022. There is a surge in demand for regular household water dispensers as many people are becoming increasingly concerned about tap water quality and the potential of contaminants. Regular household water dispensers are often more affordable than those with cooling or heating functions. They offer a cost-effective solution for households looking for a simple and practical way to access clean drinking water.
Household Water Dispensers Market Regional Insights
The regional trends and factors influencing the Household Water Dispensers Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Household Water Dispensers Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
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Household Water Dispensers Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 5.4 Billion |
| Market Size by 2028 | US$ 7.4 Billion |
| Global CAGR (2022 - 2028) | 5.4% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Function
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Household Water Dispensers Market Players Density: Understanding Its Impact on Business Dynamics
The Household Water Dispensers Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Household Water Dispensers Market are:
- SodaStream, Inc.
- Avalon Water, Co. Inc.
- Blue Star Ltd.
- International Business Development, Inc.
- Cosmetal Srl
Disclaimer: The companies listed above are not ranked in any particular order.
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Distribution Channel-Based Insights
Based on distribution channel, the household water dispensers market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The online retail segment is expected to register the highest CAGR during the forecast period. Online stores often offer competitive prices on water dispensers since they have lower overhead costs than physical stores. Additionally, online stores often provide customer reviews and ratings, allowing customers to read about other people's experiences with the product before making a purchase.
The major players operating in the household water dispensers market include SodaStream, Inc.; Avalon Water, Co. Inc.; Blue Star Ltd.; International Business Development, Inc.; Cosmetal Srl; Culligan International, Co.; Canaletas SA; Waterlogic Holdings Ltd.; Primo Water Corp.; Clover Co. Ltd.; and Oasis International, Inc. These companies are focusing on new product launches and geographical expansions to meet the growing consumer demand worldwide. They have a widespread global presence, which provides them to serve a large set of customers and subsequently increases their market share. These market players focus heavily on new product launches and regional expansions to increase their product range in specialty portfolios.
Report Spotlights
- Progressive industry trends in the household water dispensers market to help companies develop effective long-term strategies
- Business growth strategies adopted by the market players in developed and developing countries
- Quantitative analysis of the market from 2020 to 2028
- Estimation of global demand for household water dispensers
- Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers in the household water dispensers market
- Recent developments to understand the competitive market scenario
- Market trends and outlook, and growth drivers and restraints in the household water dispensers market
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest
- Size of the household water dispensers market at various nodes
- A detailed overview and household water dispensers industry dynamics
- Size of the household water dispensers market in various regions with promising growth opportunities
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Function, and Distribution Channel
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The major players operating in the global household water dispensers market are SodaStream, Inc.; Avalon Water, Co. Inc.; Blue Star Ltd.; International Business Development, Inc.; Cosmetal Srl; Culligan International, Co.; Canaletas SA; Waterlogic Holdings Ltd.; Primo Water Corp.; Clover Co. Ltd.; and Oasis International, Inc.
Increase in demand for clean drinking water is driving the household water dispensers market. Rising levels of groundwater contamination and increasing concerns regarding tap water quality have resulted in a significant consumer shift in the adoption of household water dispensers. According to a study conducted by the United States Geological Survey (USGS) in 2019, more than 22% of groundwater contains at least one contaminant at a concentration of potential concern for human health. In addition, according to the World Health Organization, globally, at least 2 billion people use drinking water sources contaminated with feces, resulting in microbial contamination of drinking water. Thus, the increasing groundwater contamination is expected to boost the demand for clean water, propelling the growth of the household water dispensers market.
Strategic development initiatives by key market players are expected to provide potential growth opportunities over the coming years for the household water dispensers. Regional and international players in the household water dispensers market are engaged in expanding their geographical presence in the global market. For instance, in October 2021, Unilever announced the launch of Pureit, a reverse osmosis (RO) water purification system, in the US. The launch was aimed at catering to the growing demand for household water dispensers in the international market. Thus, such development strategies by household water dispenser manufacturers are expected to open new opportunities in the market during the forecast period.
Asia Pacific accounted for the largest share of the global household water dispensers market. The household water dispenser market in Asia Pacific is growing significantly. The increasing awareness about the importance of staying hydrated and consuming clean water is driving the sales of household water dispensers in the region, as many water dispensers may have inbuilt filtration systems. The rise in concerns about water pollution and contaminants in tap water is leading to the growing adoption of household water dispensers as a safer and more convenient option for obtaining clean drinking water. Rising disposable income levels and changing lifestyles also contribute to the surging demand for water dispensers in the region.
Based on the distribution channel, online retail segment is projected to grow at the fastest CAGR over the forecast period. The preference for online retail is rapidly growing as it allows customers to browse and purchase products from the comfort of their homes without visiting a store. Online stores offer a more comprehensive range of water dispensers, including international brands. This allows customers to compare and choose from a wider variety of products.
Based on function, regular segment held the largest revenue share. Regular household water dispensers provide easy access to clean drinking water without constantly refilling bottles. Regular household water dispensers provide water at room temperature and do not have the function of cooling or heating the water. There is a surge in demand for regular household water dispensers as many people are becoming increasingly concerned about tap water quality and the potential of contaminants. Regular household water dispensers are often more affordable than those with cooling or heating functions. They offer a cost-effective solution for households looking for a simple and practical way to access clean drinking water. Furthermore, regular household water dispensers are often low maintenance, as they do not have complex cooling or heating systems that require regular maintenance or repairs. All these advantages of regular household water dispensers are driving the market growth.
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The List of Companies - Household Water Dispensers Market
- SodaStream, Inc.
- Avalon Water, Co. Inc.
- Blue Star Ltd.
- International Business Development, Inc.
- Cosmetal Srl
- Culligan International, Co.
- Canaletas SA
- Waterlogic Holdings Ltd.
- Primo Water Corp.
- Clover Co. Ltd.
- Oasis International, Inc.
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