On September 10, 2024, Greene Concepts Inc. (OTC Pink: INKW) announced the ongoing success and growth of its BE WATER™ brand in the expanding bottled water industry. This growth has been fueled by the presence of BE WATER™ in various retail outlets, including Walmart stores in North and South Carolina and Camping World.
According to a report by Precedence Research, the global bottled water industry was valued at $318 billion in 2023 and is estimated to reach $538.58 billion by 2033, with a compound annual growth rate (CAGR) of 5.4%. Factors such as water scarcity, easy availability of bottled water in retail stores, and increasing consumer focus on health are driving this growth.
In the United States, the bottled water market leads globally, with Statista reporting record sales volume in 2022. Taste and quality are the primary drivers of purchases in this market. The U.S. bottled water market was valued at $44.6 billion in 2023 and is expected to reach $47.42 billion in 2024, with a CAGR of 5.8%, according to Grand View Research, capturing a 13.7% share of the global market.
Lenny Greene, CEO of Greene Concepts, emphasized the premium quality of BE WATER™ as an artesian spring water brand that has garnered a significant following in the market. BE WATER™ is sourced from the Blue Ridge Mountains in North Carolina and is known for its sustainable water source, clean taste, and affordability. The brand received Walmart’s Open Call Golden Ticket Award in 2023 and began rolling out in Walmart stores in the Southeast in May 2024.
Mr. Greene expressed the company’s commitment to being a key player in the U.S. market and highlighted the importance of expanding distribution channels to drive BE WATER™’s future growth.
Greene Concepts, Inc. is a publicly traded company dedicated to providing consumers with high-quality, healthy beverage choices that promote overall wellness. Their flagship product, BE WATER™, is a premium artesian bottled water sourced from the Blue Ridge Mountains. The company continues to develop and market premium beverage brands aimed at enhancing consumers’ daily lives.
This press release contains forward-looking statements and uncertainties that may impact the company’s plans and operations. Greene Concepts, Inc. commits to updating and revising forward-looking statements based on new information and developments.
For a detailed version of the press release and additional information, visit the original source: Source: Greene Concepts
