The Alkaline Water Co. Is Climbing The Ranks Of The Beverage Industry
The following article is sponsored by The Alkaline Water Company. The information contained in this article in no way represents investment advice or opinion on the part of Benzinga or its writers and is intended for informational purposes only.
As health consciousness trends keep increasing, consumers are opting for healthier choices. One substitute consumers have been switching toward is more functional water options.
According to recent reports, the bottled water packaging market is valued at $181.7 billion in 2020 and is expected to reach a market value of $278.31 billion by 2026. Additionally, the premium bottled water market is anticipated to reach around $3.98 billion by 2026.
With over a decade of declining sugary drink sales, major beverage brands are looking to reclaim share through M&A, product launches, and expansion on their portfolio to keep up with the current consumer demand.
Recently, Essentia, a U.S. alkaline water company, was acquired by Nestlé USA (SWX: NESN). This transaction puts the previous independent company as part of the premium waters portfolio of Nestlé USA that includes renowned brands like Perrier, S.Pellegrino, San Pellegrino and Acqua Panna.
As the demand for healthy beverages increases, there is still plenty of room for other key players. In fact, The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER), an independent producer of premium bottled alkaline water, flavor-infused waters, and CBD infused products, is also expanding in the market. The company is now one of the most popular independent alkaline water companies in the U.S., and it has achieved significantly important milestones that strengthen its position.
Here’s what you need to know.
The Alkaline Water Company Inc. Options
With a growing array of products, The Alkaline Water Company’s product suite includes its flagship Alkaline 88 brand, eco-friendly aluminum bottled alkaline water, flavor-infused waters, CBD waters, CBD ingestibles, and CBD topicals. With products available across the U.S., the company is making major moves into c-stores with recent expansion announcements.
The company understands that consumers are looking for more than hydration and refreshment. Thus, their options are focused on high-quality options that enhance wellness.
When it comes to their CBD line A88CBD™, all their products are hemp-derived CBD from USA-grown hemp and are made with 100% natural ingredients, cruelty-free, and gluten-free ingredients.
Responsible Practices For A Greener Future
When it comes to bottled water, there is always a great concern regarding how to not harm the planet in the process.
The company’s bottles are 100% recyclable PET BPA-free bottles, and in addition, they were the first national alkaline water company to introduce sustainable eco-friendly aluminum packaging.
Additionally, The Alkaline Water Company’s bulk packaging already exceeds the 2022 recycling standards for the state of California.
Corporate Highlights
According to a recent report from Nielsen, The Alkaline Water Company Inc. is the fastest-growing value-added water brand over the last 13, 26, and 52 week period and the 8th largest company in the value-added water space, competing with companies like The Kraft Heinz Company (NASDAQ: KHC), Pepsico Inc (NASDAQ: PEP), Coca-Cola (NYSE: KO), and Nestlé Holdings (SWX: NESN).
The company is currently in the midst of a national expansion and is available for consumer sales at over 75,000 retail locations across the United States. In addition, it expects to reach 90,000 to 110,000 stores by the end of the fiscal year 2022.
Their latest report showed a fiscal year-end for their 2020 with $41.1 million in revenue, compared to 2015 $3.7 million in revenue, exhibiting a CAGR of 62%.
Innovation remains a core focus for the company’s A88CBD portfolio. During the quarter, vegan gummies and sour gummies and gluten-free powder packs in four different flavors were introduced.
At the beginning of March, the company announced that Alkaline88 bottled water will soon be available at Tiendas Sindicales, a Mexico-based Superstore Grocery Chain and Food Service and Vending Service Provider in the Mexican Free Trade Zone, illustrating the company’s expansion into international markets.
See more from Benzinga
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
