Sparkling Water Market: By Product Type (Mineral Sparkling Water, Caffeinated Sparkling Water),By Category (Flavoured, Unflavoured), and By Distribution channel (Supermarket, Convenience Stores, Online) - Forecast 2027
|ID: VPR/F&B/1262||Publishing Year: November 2021||Pages: 110||Format:|
Sparkling Water Market Overview:
Global Sparkling Water Market was valued at $ 32.2 billion in 2020, and is expected to reach $ 75.6 billion by 2027, registering a CAGR of 12.94% from 2021 to 2028.
People all around the world are progressively moving to healthy and creative beverages, including sparkling water, because of the increasing trend of living a healthy lifestyle across all age groups.
Sparkling water is a non-alcoholic beverage that comes in the form of carbonated water. Unlike soda water, it comes in a variety of tastes and is free of sugar and other chemicals. Mineral water is used to make sparkling water because it contains less solid minerals and naturally occurring carbon dioxide.
Over the forecast period, the market is expected to be driven by consumers' increasing preference for sparkling water over sodas and sugary carbonated beverages. The bulk of public venues and workplaces were closed during the early months of the Covid-19 pandemic, resulting in a substantial decrease in commercial demand for sparkling water. However, widespread home isolation orders have increased demand for bottled water of all types, including sparkling water, in homes all across the world.
Increased obesity rates, particularly among youngsters, are driving the development of the Sparkling Water Market. Other key reasons driving the industry's development include a growing health-conscious population and changing lifestyles. The recent growth of the Sparkling Water Market is attributed to the introduction of new flavors into the market, which is expected to open up new possibilities for the sparkling water industry between 2021 and 2028.
The cheap price of other carbonated drinks will be a restraint for the Sparkling Water Market, as sparkling water will not be particularly cost-efficient when compared to the other beverages available in the market, posing a significant barrier to the market's development in the projected period.
Caffeinated sparkling water is calorie- and sugar-free, but it does contain caffeine to help you stay awake. These beverages are a great alternative to coffee, sweetened teas, and traditional energy drinks.
This individual Sparkling Water Market report covers new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and centralized market players, opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, and category market.
- Nestlé Waters North America
- THE COCA-COLA COMPANY
- DS Waters of America, Inc.
- National Beverage Corp.
- Talking Rain Beverage Co's
- RHODIUS Mineralquellen und Getränke GmbH & Co. KG
- AQUA Carpatica
- Northwest Coffee
- Volay Brands, LLC
- WakeWater Beverage Co.
- Big Watt Cold Beverage Co.
The Global Sparkling Water Market is segmented into
- Product Type (Mineral Sparkling Water, Caffeinated Sparkling Water)
- Category (Flavoured, Unflavoured)
- Distribution channel (Supermarket, Convenience Stores, Online)
- Region (North America, Europe, Latin America, APAC, Middle East, and Africa)
The Sparkling Water Market in North America is presently in a boom phase and is growing at an exponential rate. The introduction and marketing of sparkling water by the major companies is forcing regional and smaller companies to diversify their portfolios to include sparkling water in order to compete in the market. The big beverage companies in Latin America are investing in the sparkling water industry by acquiring significant sparkling water brands, indicating the region's high consumer demand and enormous market potential for sparkling water. Europe is also seeing rapid growth in the sparkling water industry, with innovations such as the introduction of equipment with CO2 faucets that transform ordinary water into sparkling water. Rapid industrialization and increasing disposable income have sparked interest in the Sparkling Water Market in the Asia Pacific, and Japan is projected to expand significantly over the forecast period. The Middle East and Africa's Sparkling Water Market is anticipated to expand due to consumer desire for novel carbonated beverages and the region's hot and dry environment.
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