LONDON, Nov. 25, 2022 /PRNewswire/ — The global Sparkling Water market is expected to reach a valuation of USD 69.15 billion by 2028 from USD 30.36 billion in 2021, registering a CAGR of 12.48% compared to the forecasted timeline.
Sparkling water, also known as carbonated water, is enriched with minerals such as magnesium, sodium and calcium and therefore offers a wide range of health benefits. It does not contain any form of sugar additive unlike other beverages. Regular consumption of sparkling water relieves constipation, improves digestion, improves swallowing ability and reduces the risk of heart disease.
The growing health awareness of the masses, the increasing prevalence of gastrointestinal and heart ailments along with unhealthy living habits of the masses are the major factors increasing the prospects of this vertical business. Furthermore, the increase in research and development activities in the sector, the increase in disposable income levels of the masses and the growing pervasiveness of obesity are adding impetus to the progression of this market.
Furthermore, the booming nutraceutical industry, the growing focus of major players on the development and launch of high-end products in the field, along with widespread technological advancements in the product manufacturing industry, are creating lucrative opportunities for this market to thrive. global sparkling water. Additionally, the easy availability of the product through numerous distribution channels and the growing trends of serving carbonated water through food joints are aiding the expansion of this industry. On the contrary, high product costs and lack of awareness among consumers are hampering the scope of remuneration of this market.
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The prominent players characterizing the competitive terrain of the global Sparkling Water market are
- AG Barr
- CG Rossana
- Temporary drink
- Great Dr Pepper
- Doctor Pepper/Seven Up
- SAN PELLEGRINO
- The Coca-Cola Company
Mergers and acquisitions, investments in research and development, product launches, collaborations and partnerships are among the effective strategies adopted by the best companies to amplify their global presence and record significant earnings.
By package type:
By distribution channel:
- on line
- Convenience store
Perspective by category
What is the primary category segment in this business vertical?
The flavored segment currently dominates the market in terms of volume shares attributed to the best taste offered by sparkling water supplemented with flavors such as berry, lemon and orange, among others.
Which packaging type segment is expected to see robust growth?
The bottle segment is expected to make substantial gains over the projected lifetime as bottles can be reused or recycled unlike cans.
What is the most dominant distribution channel segment in this industry?
The online segment currently leads the market and is expected to show similar development trends in the coming years. This is attributed to growing online shopping trends, growing adoption of smart devices, and the widespread proliferation of the internet.
In January 2020 Neat Dr Pepper Inc. announced the acquisition of Limitless to broaden its offering. This acquisition, in fact, allowed the company to mark its entry into the carbonated water market with caffeine.
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By comparing the historical perspectives and ongoing trends of this market
This vertical business has gained strong traction over the years due to the emergence of various beneficial factors.
There has been an increasing prevalence of various gastrointestinal and lifestyle-based diseases worldwide. This is attributed to the changing inclination of the masses towards an unhealthy lifestyle. Widespread urbanization and rising employment rates have pushed individuals towards a more sedentary lifestyle. Over-reliance on electronic devices has decreased the tendency to physically do work. Indeed, hectic work schedules and long commutes have left people with no time to prepare healthy meals. This has increased the consumption of processed foods, thus leading to the occurrence of digestive and lifestyle based disorders. These factors are driving the general dynamics of this market.
The wide range of health benefits provided by sparkling water is increasing its demand worldwide. With the increasing pervasiveness of various diseases, people have become more health conscious. They are moving towards consuming healthy foods and drinks. It is evident that this form of carbonated water includes beneficial minerals and helps prevent various ailments. In fact, regulated consumption of this drink further helps keep heart disease at bay. Therefore, well-known beverage brands are launching their range of healthy carbonated water all over the world. This in turn is fueling the growth of the global sparkling water market.
With the increase in income opportunities due to widespread economic developments, the spending power of the masses has increased significantly. This has not only improved their lifestyle but also inspired them to get their hands on high-end products. Sparkling water is made up of various beneficial nutrients and undergoes a complex manufacturing process. Also, they are mostly sold under big brand names and hence are expensive in nature. Only high-income people can afford these luxury drinks. Thus, the increase in disposable income levels of the masses is opening up lucrative prospects for the vertical advancement of this business.
What is the fastest growing region in this market?
North America has amassed substantial gains over its timeline due to rising per capita income of the masses, the presence of potential players, the growing popularity of sugar-free foods, along with the growing prevalence of lifestyle-related diseases.
How Asia Pacific does it fare in the global sparkling water market?
Asia Pacific is estimated to capture substantial revenue share over estimated time period due to increasing adoption of sedentary lifestyle, increased consumption of luxury beverages, rising health awareness of masses, and technological advances in the field of product manufacturing.
On special request The Sparkling Water Market Report Is Also Available For The Following Region:
- Germany, FranceUK, Italy, Spain, SwedenHolland, Turkey, Swiss, BelgiumRest of Europe
- South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, IndonesiaRest Of APAC
- Mexico, Colombia, Brazil, Argentina, PeruRest of Latin America
Middle East And Africa
- Saudi ArabiaUnited Arab Emirates, Egypt, South AfricaRest Of Mea
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