- New market research shows positive growth, BWCA conference revealed results
- Bottles bounce back: for the first time, bottled water coolers gained against POU units.
- The total market is valued at £121 million, with an 8% revenue growth.
- For health reasons, consumers and employers continue to turn to water for calorie-free hydration.
The growth in the water cooler market has continued and improved still further, delegates at the British Water Cooler Association annual conference heard.
In an upbeat presentation from Amy Lathrop Visser, Senior Market Consultant from Zenith International Ltd, the data from 2014 showed what Ms Visser describes as “a turning point in the market dynamics”. She said: “For the first time, Bottled Water Coolers (BWC) gained against POU units”.
The combined POU and BWC market rose in value by 8% compared with 2013, continuing a growth trend reported last year for the first time since 2007. The market is now worth £121 million compared with £112 million in 2013.
The UK is a key market in Europe, as it remains the largest single cooler market in Europe, with a share of 24% of the total. The next largest markets, Italy and France and Spain, have a 17% and 15% share.
Amy Lathrop Visser said: “The continuing trend towards health and well-being, the recovery of the economy, the growth of the start-up business market and currency fluctuations were all contributors to this very positive picture for the industry in 2014. It seems that Bottled Water Coolers have bounced back and this is a trend we expect to continue. Small and start-up businesses in particular find Bottled Water Coolers a healthy, flexible and convenient choice.” The areas that are ripe for further growth are the construction and office sectors, according to Zenith.
BWCA Chairman John Dundon welcomed the news: “This is a buoyant market and Zenith’s market intelligence has confirmed what those of us who run and work in cooler businesses have been experiencing. The BWCA is similarly growing, with a number of new members joining in recent weeks and months, and all this contributes not just to market growth but to our interest in making this sector as professional as it can be. BWCA members are rigorously trained and audited for best practice and our members have the edge over others when it comes to offering customers consistent service, hygiene and safety as well as value”.
The BWCA conference and trade show was held at the Nottingham Belfry on 19th March 2015.