Sparkling Water Market Research Report
Author : Waaiz Ansari | Published On : 29 Apr 2021
Growth opportunities in the sparkling water market look promising over the next six years. This is mainly due to rising cases of obesity, specifically among children, the wide availability of flavors, and an increase in the consumption of healthy beverages like sparkling carbonated water.
Sparkling Water Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
One of the major reasons responsible for the growth of the sparkling water market is the surging incidences of obesity, primarily across children. The World Health Organisation, in 2019, stated that more than 38 million children below five years of age were either obese or overweight, and approximately half of the population lives in Asia, which has stimulated the market growth. Also, the health benefits offered by beverages like weight management and digestion make them prominent among all age groups. The augmenting consumption of healthy beverages such as sparkling carbonated water has strengthened the market share over the last few years. In accordance with a global food and beverage player, Nestle, almost 64 % of the total population prefers beverages without any calories, which further promoted the growth of the industry.
In addition, most young age consumers are increasingly opting for sparkling water over plain water. The availability of the flavors helps to increase the sparkling water market share and popularity. The health hazards that are associated with sugar beverages are forcing people to prefer to drink bottled water, thus helping in the global market growth. Soft drinks available in the market cause diabetes and hypertension; hence consumers prefer to use sugar-free drinks, which include flavored bottled water or sparkling bottled water. To improve the growth of the market to the next level, companies are coming up with new flavored variants with no sugar content. For example, companies like Nestlé, Coca-Cola, and PepsiCo are implicating flavored sparkling water like raspberry bubbly sparkling water and cherry bubbly sparkling water. However, as per the sparkling water market analysis, the absence of consumer awareness in many regions coupled with the lack of distribution channels will obstruct the market share.
Distribution Channel Segment Drivers
Based on the distribution channel, supermarkets/hypermarkets are anticipated to witness a higher CAGR over the forecast period. This is because all the hypermarket/supermarket giants, which include Target Corporate and Walmart, are providing branded product offerings that are accelerating the market growth. Moreover, the discount benefits further support the sparkling water market growth.
Sparkling Water Market’s leading Manufacturers:
- Dr Pepper/Seven Up, Inc
- Tempo Beverage Ltd
- The Coca-Cola Company.
- Keurig Dr Pepper Inc.
- CG Roxane, LLC
- A.G. Barr
Sparkling Water Market Segmentation:
Segmentation by Category:
Segmentation by Packaging Type:
Segmentation by Distribution Channel:
- Convenience Stores
Segmentation by Region:
- North America
- United States of America
- Asia Pacific
- Rest of APAC
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
- Rest of the world (remaining countries of the LAMEA region)
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