Bottled Water - Slovenia

The Bottled Water market in Slovenia has been experiencing significant growth in recent years.

Customer preferences: One of the main reasons for the growth of the Bottled Water market in Slovenia is the increasing health consciousness among consumers. With rising concerns about the quality of tap water, more and more people are turning to bottled water as a safer and healthier alternative. Additionally, the convenience and portability of bottled water make it a popular choice for people on the go.

Trends in the market: One of the key trends in the Bottled Water market in Slovenia is the growing demand for flavored and functional waters. Consumers are looking for more variety and are willing to pay a premium for innovative and unique flavors. Functional waters, such as those infused with vitamins or minerals, are also gaining popularity as consumers seek out products that offer additional health benefits. Another trend in the market is the increasing focus on sustainability. With growing concerns about plastic waste and its impact on the environment, there is a rising demand for eco-friendly packaging options. Many companies in the Bottled Water market in Slovenia are now offering products in recyclable or biodegradable packaging to cater to this demand.

Local special circumstances: Slovenia is known for its abundant natural resources, including pristine lakes and rivers. This has led to a strong emphasis on the quality and purity of bottled water in the country. Slovenian consumers have high expectations when it comes to the taste and quality of bottled water, and companies in the market have responded by ensuring that their products meet these standards.

Underlying macroeconomic factors: The growing economy in Slovenia has also contributed to the development of the Bottled Water market. As disposable incomes rise, consumers have more purchasing power to spend on bottled water. Additionally, the tourism industry in Slovenia has been booming in recent years, attracting visitors from around the world. This has created a significant demand for bottled water, both from domestic and international tourists. In conclusion, the Bottled Water market in Slovenia is experiencing growth due to increasing health consciousness among consumers, the demand for flavored and functional waters, the focus on sustainability, and the country's strong emphasis on quality. The growing economy and thriving tourism industry in Slovenia are also contributing factors to the market's development.

Data coverage:

The data encompasses B2C enterprises. The at-home market covers retail sales via super- and hypermarkets, eCommerce, convenience stores, or similar sales channels. The out-of-home data encompasses all sales to hotels, restaurants, catering, cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes.

Modeling approach:

Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending (e.g. consumer spending on Non-Alcoholic Drinks, consumer spending at Hotels, Restaurants etc.), and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Non-Alcoholic Drinks market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.