Sparkling Water Market Potential Effect on Upcoming Future Growth, Competitive Analysis and Forecast 2029


Posted March 20, 2023 by pranit10

Sparkling Water Market size is expected to reach US$ 82.81 Bn by 2029, at a CAGR of 12% during the forecast period.

 
Sparkling Water Market Overview:

Maximize Market Research offers the most recent market data and has a thorough understanding of the characteristics of the Sparkling Water Market. It also provides a brief overview of the market. The report provides a broad overview of the market, highlighting recurrent themes and updating data as required. The overview of the report will help readers decide how to approach the market and understand the current state of the Sparkling Water industry. Using the research methodology, the market for Sparkling Water has been analysed, and the findings have been logically discussed in the report.

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Sparkling Water Market Scope:

The sparkling water trend is a microcosm of a larger trend in the non-alcoholic beverage industry. The trend is towards more health-conscious consumers and a massive shift towards healthy and nutritious beverages. This is clearly demonstrated by the fact that key players in the carbonated drinks industry are expanding their portfolio to include sparkling water, which is a major factor in the growth of the sparkling water market. The sparkling water market is gradually eclipsing the soft drinks market, as sparkling water boasts a no-sugar and calorie-free label while presenting itself as a unique bottled water drink for consumers.

A strong growth indicator for the sparkling water market is the fact that the major players are also creating new tactics to market and promote their goods as health drinks to expand their consumer base of health-conscious people. Sparkling water is currently positioning itself as a healthy and refreshing option for consumers in the non-alcoholic beverage market as health-conscious consumers look for more healthy beverage alternatives. The lack of distribution channels and low consumer awareness in many areas, however, may slightly impede the market's expansion for sparkling water.

Segmentation:

Depending on the distribution channel, The Sparkling Water market has been segmented according to the distribution channels as follows: The On - Trade Offline Distribution channel held the largest market share when compared to the other Sparkling Water distribution channels.

With a share of more than 40% in 2021, on-trade was the largest product category. It is expected that this segment will continue to lead during the forecast period. The best substitute for soda and other sweet, carbonated drinks, which are typically combined with alcoholic beverages, is carbonated water. Additionally, this carbonated water is available in a range of flavours, including lime, vanilla, strawberry, cucumber, and lemon, both unflavoured and flavoured. Customers are being drawn in by these options to enjoy their preferred spirit with their preferred flavour without negatively affecting their own health. These consumer trends are propelling the demand in the global market and are anticipated to open new opportunities over the forecast period.

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Key Players:

Nestle S.A.
PepsiCo Inc.
The Coca Cola Company
Cott Corporation
Danone S.A.
Keurig Dr Pepper
Asahi Group Holdings, Ltd.
Gerolsteiner Brunnen GmbH
Rhodius Mineralquellen Und Getranke GmbH
Regional Analysis:

In 2022, the Sparkling Water Market was dominated by the Sparkling Water Region, and in the years to come, it is anticipated that this market segment will grow significantly. Because of government initiatives in the sector, regulations, and efforts to contain rising costs, the market for Sparkling Water in the region is growing. The Sparkling Water market report includes a geographical breakdown of the market, revenue, as well as a detailed analysis of the business network structure, opportunities, and news updates.

Key Questions answered in the Sparkling Water Market Report are:

What is Sparkling Water Market?
What is the forecast period of the Sparkling Water Market?
What is the competitive scenario of the Sparkling Water market?
Which region held the largest market share in the Sparkling Water Market?
What are the opportunities for the Sparkling Water Market?
What factors are affecting the Sparkling Water market growth?
Who are the key players of the Sparkling Water market?
Which company held the largest share in the Sparkling Water market?
What will be the CAGR of the Sparkling Water market during the forecast period?
What key trends are likely to emerge in the Sparkling Water market in the coming years?
Key offerings:

Market Share, Size, and Forecast by Revenue|2022-2029.
Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
Market Segmentation: A detailed analysis by Sparkling Water Market
Landscape- Leading key players and other prominent key players.
About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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Categories Food
Tags sparkling water market
Last Updated March 20, 2023