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Spritzer banking on demand for bottled mineral water growing in 2023

Spritzer banking on demand for bottled mineral water growing in 2023

15 Dec 2022

Spritzer Bhd is banking on demand for bottled mineral water growth in 2023 on the back of a continued rise in economic activities and Malaysia’s various festivals.

The company rolled out another thematic celebration for the year’s end, complete with Instagram-able decorations and exciting activities.

Spritzer’s revenue for the third quarter (Q3) ended 30 September 2023 (FY23) rose by 51 per cent year-on-year to RM119.6 million compared with RM79.3 million in Q3 FY22, and its net profit gained 91 per cent to RM11.4 million compared with RM6.0 million.

According to Grand View Research, the global market for spring water, purified water, mineral water, sparkling water and others is expected to grow at a compound annual growth rate (CAGR) of 6.7 per cent from 2022 to 2030.

The company has now decked out the Spritzer EcoPark from 16 December 2022 to 1 January 2023 with a Winter Carnival atmosphere to spread holiday cheer and togetherness for families and friends.

This carnival features a 28-foot giant Christmas tree partially made of recycled Spritzer Sparkling and Spritzer Natural Mineral Water bottles. At the same time, igloo-like dome houses give a more wintery feel.

Visitors can also enjoy the snowfall available on select days, with four sessions per day and each session lasting 30 minutes.

Other Winter Carnival activities include a giant outdoor bubble, a pedal kart ride, mini golf in the park, and fun fair game stations.

Spritzer encourages reuse and recycling by incorporating conservation and sustainability through eco-tourism in Taiping.

Source: NST