Sparkling Water Market is projected to grow from USD 34.33 billion in 2022 to USD 85.69 billion by 2030, at a CAGR of 12% during the forecast period.
The growth of the market is driven by the increasing demand for healthier beverages, growing health consciousness among consumers, and rising disposable income.
The key players in the Sparkling Water Market include
Coca-Cola, Cott, Danone, Dr. Pepper Snapple, Nestle, PepsiCo, A.G. Barr, Crystal Geyser, Suntory, Sparkling Ice, Tempo Beverages, VOSS of Norway, and Mountain Valley Spring Water.
These players are focusing on expanding their product portfolio, launching new flavors, and entering into new markets to gain a competitive edge.
Here are some specific highlights from the report
|Market Size in 2022||USD 34.33 billion|
|Projected Market Size in 2030||USD 85.69 billion|
|CAGR Growth Rate||CAGR of 12%|
|Key Market Players||Coca-Cola, Cott, Danone, Dr. Pepper Snapple, Nestle, PepsiCo, A.G. Barr, Crystal Geyser, Suntory, Sparkling Ice, Tempo Beverages, VOSS of Norway, and Mountain Valley Spring Water|
|Key Segment||By Application, By Type, and By Region|
|Major Regions Covered||North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa|
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Market Dynamics and Factors for Sparkling Water Market:
- Increasing demand for healthier beverages: Consumers are increasingly shifting towards healthier beverages, such as sparkling water, due to the rising awareness about the harmful effects of sugary drinks. Sparkling water is a good option for these consumers as it is naturally calorie-free and sugar-free.
- Growing health consciousness among consumers: Consumers are becoming more health conscious and are looking for beverages that are low in calories and sugar. Sparkling water is a good option for these consumers as it is naturally calorie-free and sugar-free.
- Rising disposable income: The rising disposable income of consumers is enabling them to spend more on premium beverages, such as sparkling water.
- Increasing popularity of flavored sparkling water: Flavored sparkling water is gaining popularity among consumers due to its refreshing taste and variety of flavors.
- Expansion of distribution channels: The sparkling water market is expanding due to the expansion of distribution channels, such as online retailers and convenience stores.
- Growing popularity of sparkling water in the foodservice industry: Sparkling water is becoming increasingly popular in the foodservice industry, as it is a low-calorie alternative to sugary drinks.
- Increasing demand for sparkling water in emerging markets: The demand for sparkling water is growing in emerging markets, such as Asia and Latin America, due to the rising disposable income and the increasing awareness about the benefits of sparkling water.
- Launch of new flavors and products: The sparkling water market is still relatively new and there is a lot of room for innovation. Companies can launch new flavors and products to appeal to different consumer tastes.
- Expansion into new markets: The sparkling water market is still underpenetrated in many markets, such as Asia and Latin America. Companies can expand into these markets to tap into the growing demand for sparkling water.
- Partnerships with foodservice outlets: Companies can partner with foodservice outlets to offer sparkling water as a beverage option. This will help to increase the visibility of sparkling water and drive sales.
- Focus on sustainability: Consumers are increasingly concerned about sustainability. Companies can focus on using sustainable packaging and production methods to appeal to these consumers.
- Marketing and promotion: Companies can invest in marketing and promotion to raise awareness about sparkling water and its benefits. This will help to drive sales and grow the market.
Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis.
The market is segmented by type, application, and region.
By type, the market is segmented into
- flavored sparkling water
- and unflavored sparkling water.
The flavored sparkling water segment is expected to grow at a higher CAGR during the forecast period due to the increasing demand for flavored beverages.
By application, the market is segmented into
- hypermarkets and supermarkets,
- independent retailers,
- convenience stores,
- and online retailers.
The online retailers segment is expected to grow at a higher CAGR during the forecast period due to the increasing popularity of online shopping.
The report summarizes all the information collected and serves the customers requirements. However, these market analyses help in understanding market growth at both global and regional levels. For market data analysis, we have market panorama tools such as Market Dynamics, Competitor Analysis, PESTEL Analysis, SWOT Analysis, Porter Five Forces Analysis, Value Chain Analysis, Technology Roadmap and Evolution, Regulatory Framework, Price Trend Analysis, Patent Analysis, Covid-19 Impact Analysis, Russia-Ukraine War Impact and others.
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Regional Analysis of Sparkling Water Market:
The market is segmented into North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, and South America. North America is expected to be the largest market for sparkling water during the forecast period due to the increasing health consciousness among consumers and the growing popularity of flavored sparkling water.
Table of Contents for Sparkling Water Market
- Report Overview
- Market Competition by Manufacturers
- Sales by Region
- North America
- East Asia
- South Asia
- Southeast Asia
- Middle East
- South America
- Rest of the World
- Sales Volume, Sales Revenue, Sales Price Trend by Type
- Consumption Analysis by Application
- Company Profiles and Key Figures in Sparkling Water Business
- Sparkling Water Manufacturing Cost Analysis
- Marketing Channel, Distributors, and Customers
- Market Dynamics
- Production and Supply Forecast
- Consumption and Demand Forecast
- Research Findings and Conclusion
- Methodology and Data Source
To Know more about this report (Description, TOC and List of Tables and Figures) – https://www.pragmamarketresearch.com/reports/74502/global-sparkling-water-market
This report is primarily focused on achieving…
- To provide a comprehensive overview of the industry
- To analyse the factors affecting the growth of the Sparkling Water Market.
- To present past and future earnings of the market segments globally
- To conduct a regional-level examination of the market and its current size and prospects
- To study the market by product type and research methodologies
- To profile key players in the market and assess their strengths and competitive structure.
- To track the competitive advancements in the global Sparkling Water Market.
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The growth of the sparkling water market is facing some challenges, such as the high cost of production and the negative perception of carbonated beverages. However, the market is expected to grow at a significant pace during the forecast period due to the factors mentioned above.
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