
smartwater is owned by The Coca-Cola Company (NYSE: KO), the American multinational beverage corporation. Coca-Cola acquired the brand in 2007 through its $4.1 billion purchase of Glaceau, the parent company founded by J. Darius Bikoff. smartwater operates as a wholly-owned brand within Coca-Cola's water portfolio, managed from Atlanta, Georgia.
Parent Company
Acquired
2007
Status
Publicly Traded
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| smartwater | The Coca-Cola Company | Wholly owned |
J. Darius Bikoff founded smartwater in 1996 under his company Energy Brands, later known as Glaceau. Bikoff, a former textile industry executive, identified a gap in the bottled water market. Most bottled water at the time was either spring water or purified municipal water sold at low prices. Bikoff's concept was different: vapor-distill the water to remove all impurities, then add electrolytes (calcium, magnesium, and potassium) for taste. The result was a product that could command a premium price.
The brand launched in the New York metropolitan area and initially struggled to gain distribution. Bikoff personally delivered cases to delis and health food stores in Manhattan. The turning point came in the early 2000s when the brand secured distribution through Whole Foods and other natural grocery chains. Health-conscious consumers and celebrities adopted the brand, giving it an organic premium positioning that mass-market water brands lacked.
By 2005, Glaceau's revenue had reached approximately $350 million, driven primarily by vitaminwater and smartwater. The company caught the attention of both Coca-Cola and PepsiCo. In 2006, Coca-Cola made an initial minority investment in Glaceau, purchasing a 50 percent stake for approximately $1.4 billion. The following year, in May 2007, Coca-Cola acquired the remaining 50 percent for approximately $2.7 billion, bringing the total deal value to $4.1 billion.
Under Coca-Cola ownership, smartwater expanded from a regional premium brand to a national product with broad retail distribution. The brand's tall, clear bottle with a distinctive green cap became a recognizable presence in convenience stores, supermarkets, and airport retailers across the United States.
In 2010, smartwater signed actress Jennifer Aniston as its brand ambassador. The partnership has continued for over 15 years and is one of the longest-running celebrity endorsements in the beverage category. Aniston has appeared in multiple television and print campaigns, and the association with a health-conscious celebrity reinforced the brand's premium positioning.
The 2010s saw smartwater expand internationally, launching in the United Kingdom, Canada, and select European markets. The brand also extended its product line. In 2016, smartwater introduced smartwater sparkling, a carbonated version. In 2018, the brand launched smartwater antioxidant and smartwater alkaline, targeting the functional water segment.
As of 2026, smartwater remains Coca-Cola's primary premium water brand in the US market. The brand faces growing competition from functional water brands and from consumer shifts away from single-use plastic bottles. Coca-Cola has responded with aluminum bottle and aluminum can formats for smartwater, though the majority of sales remain in PET plastic bottles.
Who owns The Coca-Cola Company?
The Coca-Cola Company is a publicly traded corporation owned by its shareholders. Berkshire Hathaway is the largest single shareholder with approximately 9% of outstanding shares. Other major holders include Vanguard Group and BlackRock. The company has no controlling owner.
Is Coca-Cola publicly traded?
Yes, The Coca-Cola Company trades on the New York Stock Exchange under the ticker symbol KO. It is a component of both the S&P 500 and the Dow Jones Industrial Average. The company has been publicly traded since 1919.
What is Coca-Cola's annual revenue?
For FY2025, Coca-Cola reported net revenues of $47.9 billion, up 2% from $47.1 billion in FY2024. Organic revenues grew 5%. Full-year EPS was $3.04, and comparable EPS was $3.00.
Who is Coca-Cola's CEO?
Henrique Braun became CEO on March 31, 2026. He succeeded James Quincey, who transitioned to Executive Chairman after nine years as CEO. Braun previously served as COO and has worked at Coca-Cola for three decades.
How many brands does Coca-Cola own?
Coca-Cola owns more than 500 beverage brands sold in over 200 countries. Approximately 30 brands generate annual retail sales of at least $1 billion each. Major brands include Coca-Cola, Coke Zero Sugar, Sprite, Fanta, Dasani, Smartwater, Powerade, Minute Maid, Costa Coffee, and Fairlife.
What is Coca-Cola's business model?
Coca-Cola produces beverage concentrates and sells them to approximately 225 independent bottling partners worldwide. These bottlers manufacture, package, and distribute finished beverages. This franchise model generates high margins on concentrate sales while bottling partners handle capital-intensive manufacturing and distribution.
What is Coca-Cola's 2026 outlook?
Coca-Cola projects organic revenue growth of 4% to 5% and comparable EPS growth of 7% to 8% for 2026. The company expects an approximate 1% currency tailwind and an approximate 4% headwind from acquisitions and divestitures, primarily from the pending CCBA sale.
How many people does Coca-Cola employ?
As of December 31, 2025, Coca-Cola employed approximately 65,900 people, of which approximately 8,900 were located in the United States. The decrease from 69,700 in 2024 was primarily due to divestiture activity.
smartwater does not hold independent sustainability certifications. The brand does not appear on the Leaping Bunny cruelty-free list or the B Lab B Corp directory, as these certifications are not applicable to a bottled water brand. No independently verified sustainability flags apply.
The brand's environmental impact is tied to The Coca-Cola Company's broader sustainability practices. In December 2024, Coca-Cola announced revised voluntary environmental goals. The company committed to using 30 to 35 percent recycled plastic in its bottles by 2035 and to collecting 70 to 75 percent of the equivalent number of bottles and cans it produces annually. These targets replaced earlier, more ambitious commitments that included a goal for 25 percent reusable packaging by 2030, which was dropped.
Coca-Cola has been identified as the world's top branded plastic polluter in audits conducted by the "Break Free From Plastic" coalition for five consecutive years through 2024. A 2024 study published in Science Advances estimated that Coca-Cola's plastic waste in oceans could reach 602 million kilograms annually by 2030. smartwater, as a Coca-Cola brand sold in PET plastic bottles, contributes to this footprint.
The brand's aluminum bottle and can formats, introduced in recent years, offer a more recyclable alternative to plastic. However, these formats represent a small fraction of total smartwater sales. The majority of products are still sold in PET plastic.
Coca-Cola's water stewardship program, which applies to smartwater, aims to replenish 100 percent of the water used in finished beverages by 2030. The company uses the World Resources Institute Aqueduct 4.0 tool to identify high-risk water locations. As of 2024, 96 percent of Coca-Cola system facilities in high-risk areas had been evaluated.
smartwater has not received independently verified product quality awards from recognized consumer publications such as Consumer Reports or Which?. The brand has not won awards at the Berkeley Springs International Water Tasting, the most recognized bottled water competition in the US.
The brand's recognition is primarily commercial rather than award-based. smartwater has been cited in market research reports by Grand View Research and Beverage Marketing Corporation as a leading premium water brand in the US by retail sales. This is market data, not an independent quality award.
smartwater is a member of the International Bottled Water Association (IBWA), which sets industry standards for bottled water safety and quality. IBWA membership indicates compliance with industry standards but is not an award.
The Jennifer Aniston partnership, while notable as a marketing achievement, is a celebrity endorsement rather than an independent recognition of product quality. No independently verified awards for smartwater's packaging design have been documented as of August 2026.
No formal product safety recall has been issued for smartwater in the United States as of August 2026. The brand has not been subject to FDA recall action or to recalls by the CPSC.
The primary controversies surrounding smartwater are environmental, stemming from Coca-Cola's broader plastic pollution record. Coca-Cola has been named the world's top branded plastic polluter for five consecutive years through 2024 in audits by the "Break Free From Plastic" coalition. smartwater, as a Coca-Cola brand sold primarily in PET plastic, is part of this footprint.
In December 2024, Coca-Cola revised its environmental goals, reducing its recycled plastic target to 30 to 35 percent by 2035 and dropping its reusable packaging commitment. Environmental organizations including the Plastic Pollution Coalition and Greenpeace criticized the changes as a regression. The revised goals apply to all Coca-Cola brands including smartwater.
Marketing claims for smartwater have faced scrutiny. The brand's vapor-distillation process and electrolyte addition are factual, but some consumer advocates have questioned whether these features justify the premium price or provide meaningful health benefits beyond standard purified water. No regulatory body has ruled against smartwater's marketing claims as of August 2026.
The broader bottled water industry faces criticism for water extraction practices, particularly in water-stressed regions. smartwater sources from municipal water supplies rather than natural springs, which reduces some extraction concerns but raises questions about the commercialization of public water resources.
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Danone | France | 1826 | Global premium-still-water-leader | Global | All Genders | |
| Wonderful Company | United States | 1996 | Premium | North america | All Genders | |
| Coca Cola Company | USA | 1999 | Mass market | Global | All Genders | |
| Coca Cola Company | Mexico | 1895 | Mass market | Global | All-ages |
Food BeverageOwned by Danone S.A.
French premium natural mineral water brand sourced from a protected Alpine aquifer above Evian-les-Bains, France. Owned by Danone S.A. (Euronext Paris: BN) since 1970, Evian is sold in more than 140 countries and celebrated its 200th anniversary in 2026. All Evian plastic bottles are made from 100% recycled PET.
Food BeverageOwned by The Wonderful Company
Premium bottled water brand sourced from an artesian aquifer in Fiji, owned by The Wonderful Company.
Food BeverageOwned by The Coca-Cola Company
Purified bottled water brand owned by The Coca-Cola Company (NYSE: KO). Launched in 1999, Dasani is Coca-Cola's fourth-largest brand by volume in North America and holds approximately 12% global market share in bottled water.
Food BeverageOwned by The Coca-Cola Company
Mexican mineral water brand owned by The Coca-Cola Company, known for its naturally carbonated mineral water sourced from Cerro del Topo Chico in Monterrey, Mexico.
Market Positioning: smartwater competes with 4 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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Food BeverageOwned by The Wonderful Company
Premium bottled water brand sourced from an artesian aquifer in Fiji, owned by The Wonderful Company.
Fiji Water is privately owned, unlike smartwater which is under a publicly traded parent company.
Food BeverageOwned by Ferrero
Premium hazelnut chocolate brand launched in 1982 by Ferrero Group, sold in over 170 countries. Known for gold-foil wrapped praline chocolates and gifting positioning.
Ferrero Rocher is privately owned, unlike smartwater which is under a publicly traded parent company.
Food BeverageOwned by Tropicana Brands Group
American premium juice and smoothie brand founded in Santa Monica in 1983. Owned by Tropicana Brands Group since 2021, previously by PepsiCo from 2007.
Naked Juice is privately owned, unlike smartwater which is under a publicly traded parent company.
Food BeverageOwned by Ferrero
Better-for-you breakfast brand founded in 2009 in Boulder, Colorado, known for granola, oatmeal, and cereal with premium ingredients. Acquired by Ferrero Group in August 2026 for approximately $850 million.
Purely Elizabeth is privately owned, unlike smartwater which is under a publicly traded parent company.
Food BeverageOwned by Lactalis Group
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Stonyfield is privately owned, unlike smartwater which is under a publicly traded parent company.
Food BeverageOwned by Tropicana Brands Group
American fruit juice brand best known for its not-from-concentrate orange juice, owned by Tropicana Brands Group since 2021.
Tropicana is privately owned, unlike smartwater which is under a publicly traded parent company.
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