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The Sparkling Water Market Size is valued at 33.88 Billion in 2023 and is predicted to reach 76.13 Billion by the year 2031 at a 11.0 % CAGR during the forecast period for 2024-2031.
Sparkling water is a naturally carbonated refreshing drink. It contains a high amount of minerals, such as calcium, magnesium, and sodium. Sparkling water is the best alternative to alcoholic and carbonated beverages. In addition, this water has many health benefits. It helps to improve the digestive system and reduces the risk of heart health issues.
The market is expected to rise due to rising demand for sparkling water instead of sodas and sugary carbonated beverages. Furthermore, factors such as rising health consciousness, changing lifestyles, and a high preference for safe and healthy products are likely to fuel this market's expansion. The market is anticipated to expand significantly during the projected period due to the increasing popularity among health-conscious customers and fitness enthusiasts. Consumers prefer beverages and foods enriched with nutrients acquired from natural or clean sources. Hence, Food and beverage firms are introducing carbonated water to capitalize on this trend. For instance, in Aug. 2021, Evian+, a new range of mineral-enhanced sparkling beverages from Danone SA, is meant to assist consumers get through the afternoon slump. Evian+ is enriched with magnesium and zinc to aid cognitive function and is made from the brand's natural spring water from the French Alps. However, the relatively high cost of sparkling water compared to other varieties of water, as well as a lack of consumer awareness, may hinder the market's expansion.
Market Segmentation
The sparkling water market is segmented into Products, End-Users, and regions. The Products segment is bifurcated into Natural/Mineral Sparkling Water and Caffeinated Sparkling Water. The Natural/Mineral Sparkling Water segment is anticipated to drive market growth during the forecast period due to the increasing demand for safe and natural products. End-Users divide the market into Hypermarket & Supermarket, Online, and Other End-Users. The Other End-Users segment dominated the sparkling water market. Based on the region, the sparkling water market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The North America region is expected to dominate this market in the future.
Competitive Landscape
Some Major Key Players In The Sparkling Water Market:
- Nestle,
- PepsiCo Inc.,
- Keurig Dr Pepper Inc.,
- The Coca-Cola Company,
- SANPELLEGRINO S.P.A,
- Danone S.A.,
- Clear Cut Phocus,
- National Beverage Corp.,
- Caribou Coffee Operating Company, Inc.,
- GEROLSTEINER,
- BRUNNEN GmbH & Co. KG ,
- Mountain Valley Spring Company, LLC ,
- Tempo Beverage Ltd ,
- Reignwood Group ,
- COTT Corporation ,
- Crystal Geyser Water Company ,
- BARR p.l.c. ,
- Icelandic Water Holdings,
- CG Roxane, LLC,
- Vichy Catalan Corporation,
- Other Prominent Players.
Sparkling Water Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 33.88 Billion |
|
Revenue Forecast In 2031 |
USD 76.13 Billion |
|
Growth Rate CAGR |
CAGR of 11.0 % from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Billion and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Product, By End-User |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
Nestle, PepsiCo Inc., Keurig Dr Pepper Inc., The Coca-Cola Company, SANPELLEGRINO S.P.A, Danone S.A., Clear Cut Phocus, National Beverage Corp., Caribou Coffee Operating Company, Inc., GEROLSTEINER, BRUNNEN GmbH & Co. KG , Mountain Valley Spring Company, LLC , Tempo Beverage Ltd , Reignwood Group , COTT Corporation , Crystal Geyser Water Company , A. G. BARR p.l.c. , Icelandic Water Holdings ehf, CG Roxane, LLC, Vichy Catalan Corporation, and Other Prominent Players. |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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