Sparkling Water Market Size: Market Outlook and Market Forecast (2024 to 2031)
Market Overview and Report Coverage
Sparkling water is a carbonated water that has been infused with carbon dioxide under pressure, creating bubbles and fizz. It is a popular alternative to sugary soft drinks and traditional still water, offering a refreshing and bubbly taste without any added sugars or artificial flavors. The market for sparkling water has been growing steadily in recent years, driven by increasing consumer awareness of health and wellness, as well as the demand for more variety in beverage options.
The Sparkling Water Market is expected to grow at a CAGR of % during the forecasted period, indicating strong growth potential in the coming years. Key factors driving market growth include the shift towards healthier beverage choices, the rise of the wellness trend, and the increasing popularity of sparkling water as a mixer in cocktails and mocktails. Companies in the beverage industry are also investing in new product development and marketing strategies to capitalize on the growing demand for sparkling water.
In summary, the future outlook for the Sparkling Water Market looks promising, with continued growth expected in the coming years. Consumers are increasingly choosing sparkling water as a healthier and more exciting beverage option, driving market expansion and innovation.
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Market Segmentation
The Sparkling Water Market Analysis by types is segmented into:
- Flavoured Sparkling Water
- Unflavoured Sparkling Water
Sparkling water market can be categorized into two main types: Flavoured Sparkling Water and Unflavoured Sparkling Water. Flavoured Sparkling Water offers a variety of fruity, herbal, and floral flavors to suit different preferences and tastes. On the other hand, Unflavoured Sparkling Water provides a pure, refreshing option for those who prefer a more plain and simple taste. Both types cater to consumers looking for a healthier alternative to sugary drinks while still enjoying the fizz and hydration that sparkling water provides.
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The Sparkling Water Market Industry Research by Application is segmented into:
- Food and Drink Specialists
- Retailers
- Others
Food and drink specialists are a key market for sparkling water as they offer a variety of beverage options to their customers. Retailers also play a crucial role in distributing sparkling water to a wide range of consumers. Additionally, other markets such as restaurants, cafes, and convenience stores also benefit from offering sparkling water to cater to the increasing demand for healthier drink alternatives. Overall, the diverse applications of sparkling water create opportunities for various industries to capitalize on the growing trend.
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In terms of Region, the Sparkling Water Market Players available by Region are:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
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What are the Emerging Trends in the Global Sparkling Water market?
The global sparkling water market is witnessing a shift towards healthier beverage options driven by increasing awareness about sugar content in traditional sodas. There is a growing demand for flavored sparkling water varieties to cater to consumer preferences for unique and refreshing flavors. The market is also seeing a surge in premium and natural sparkling water products made with high-quality ingredients. With the rise of health-conscious consumers looking for alternatives to sugary drinks, the market is expected to continue growing, especially in regions like North America and Europe where the trend towards healthier lifestyles is strong.
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Major Market Players
Coca-Cola and PepsiCo are two of the largest players in the sparkling water market. Coca-Cola offers brands such as Dasani Sparkling and Topo Chico, while PepsiCo has brands like Bubly and Aquafina Sparkling. Both companies have been investing heavily in marketing and new product development to boost their market share.
Cott Corporation is another significant player in the market, with brands like Vintage and Crystal Bay. The company has been focusing on expanding its product portfolio by introducing new flavors and packaging options to cater to changing consumer preferences.
Nestle, Danone, and Dr. Pepper Snapple are also notable players in the sparkling water market. Nestle's Perrier and San Pellegrino brands are popular choices among consumers looking for premium sparkling water options. Danone, through its brand Evian, has been capitalizing on the trend towards healthier beverage choices by offering natural mineral water in sparkling form. Dr. Pepper Snapple's brand, Canada Dry, has gained traction in the market through its wide distribution network and unique flavor offerings.
The sparkling water market has been witnessing significant growth in recent years, driven by increasing consumer focus on health and wellness. The market is expected to continue to expand as consumers look for alternatives to sugary beverages.
According to market research, the global sparkling water market was valued at around $25 billion in 2020, with expected growth at a CAGR of 7% from 2021 to 2026. Sales revenue for some of the companies listed includes Coca-Cola at around $33 billion, PepsiCo at $74 billion, and Nestle at approximately $82 billion. These figures demonstrate the substantial size and growth potential of the sparkling water market in the coming years.
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