Sparkling Water Market Share & Trends Report, 2020-2027
Sparkling Water Market
The Sparkling Water Market was calculated at USD 68,240 Million in 2019 and is projected to expand at a CAGR of 12.6% over the forecast period (2020-2027).
The factors driving the growth of Sparkling Water Market includes increasing demand for innovative drinks, rising number of chronic diseases such as obesity and diabetes, growing consumption of functional beverages and the expansion of packaging industry. According to the report published by Bloomberg, the Global Functional Beverage Market is anticipated to reach USD 265.9 billion by the end of 2030, exhibiting a CAGR of 9.38% over the forecast period (2021-2030), which is expected to boost the Sparkling Water Market share in the approaching years. Moreover, the increasing consumers inclination towards adopting healthy lifestyles, rise in the sales of sparkling water through e-commerce platforms and growing investment by major companies for promotional activities, are some of the additional factors supplementing the Sparkling Water Market size. In addition, the increasing number of quick-service restaurants across the globe, rise in new product launches and growing disposable incomes, are further propelling the market growth.
However, the growth of Sparkling Water Market is hindered due to inadequate knowledge about sparkling water products amongst consumers.
The leading players operating in the market are Keurig Dr Pepper Inc., Dr Pepper/Seven Up, Inc, The Coca-Cola Company., CG Roxane, LLC, Ferrarelle, SANPELLEGRINO, Tempo Beverage Ltd, PepsiCo, Nestlé, and A.G. Barr among others.
Category – Segment Analysis
Based on category, the plain segment is anticipated to capture the largest market share during the forecast period due to its cost-effective features, the flavored sparkling water costs USD 1.72 and the plain one costs around USD 0.70.
Distribution Channel – Segment Analysis
Based on distribution channel, the supermarkets/hypermarkets segment is anticipated grow at a significant CAGR over the forecast period. The availability of premium and private label brands at the supermarkets stores and the membership programs in these stores offer huge discount to their regular customers with free delivery options, are some of the key factors responsible for the growth of the segment.
Regional – Segment Analysis
As per the Sparkling Water Market Analysis, the North American region is estimated to grow at a remarkable CAGR during the forecast period attributed to growing adoption of healthy drinks, increasing consumption of sparkling drinks, high per-capita incomes, and improved living standards. As per the data available at Statista, the sales of flavored sparkling water will increase from USD 3.05 billion in 2019 to 4.14 billion in 2022 in United States.
Market Segmentation
Global Sparkling Water Market by Category
Plain
Flavoured
Global Sparkling Water Market by Packaging Type
Cans
Bottles
Others
Global Sparkling Water Market by Distribution Channel
Supermarkets/Hypermarkets
Convenience Stores
Online
Others
Global Sparkling Water Market by Region
Asia PacificChina
Japan
India
Rest of APAC
North AmericaUnited States of America
Canada
EuropeUnited Kingdom
Germany
France
Spain
Rest of Europe
RoWBrazil
South Africa
Saudi Arabia
UAE
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