Customers have established a strong taste for premium spirits and are willing to spend money on creative goods with distinct qualities and a rich history. As a result, premium-priced mixers are becoming increasingly popular. Because bartenders are gradually mixing premium tonic water in top-tier spirit brands, the resurgence of the cocktail trend in emerging economies has boosted growth for the super-premium category.
Data Bridge Market Research analyses that the Tonic water Market was valued at USD 805.9 million in 2021 and is expected to reach the value of USD 1374.37 million by 2029, at a CAGR of 6.90% during the forecast period of 2022 to 2029.
North America was the largest tonic water market, accounting for a share. The United States and Canada are the largest consumers of tonic water, which presents a huge opportunity for the North American market. Furthermore, these two countries consume a lot of gin, which increases the demand for tonic water. The increased consumption of these spirits is fuelling the region’s demand for tonic water. The Asia Pacific region is expected to be the fastest growing. Consumption of spirits such as gin, whiskey, and rum has been steadily increasing in countries such as India, China, and Indonesia. The region’s demand for tonic water market is being driven by an increase in the consumption of various types of alcohol.
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Tonic water, is a carbonated beverage that was originally consumed as a malaria preventative drink. It is made from the cinchona tree bark and contains a small amount of quinine to make it more appealing and having medicinal property.
Some of the major players operating in the tonic water market are:
PepsiCo (US)
Nestlé, A.G. (Switzerland)
The Coca-Cola Company. (US)
CG Roxane, LLC (US)
Tempo Beverage Ltd (Israel)
Keurig Dr Pepper Inc. (US)
Dr Pepper/Seven Up, Inc (US)
Ferrarelle (Italy)
SANPELLEGRINO (Italy)
Reignwood Investments UK Ltd (UK)
LaCroix Beverages, Inc. (US)
GEROLSTEINER BRUNNEN GMBH & CO. KG (Germany)
Mountain Valley Spring Water (US)
| REPORT METRIC | DETAILS |
| Forecast Period | 2022 to 2029 |
| Base Year | 2021 |
| Historic Years | 2020 (Customizable to 2019 – 2014) |
| Quantitative Units | Revenue in USD Million, Volumes in Units, Pricing in USD |
| Segments Covered | Product Type (Flavored, Non-Flavored Drinks, Others), Application (Alcoholic Drinks, Direct Consumption), Content (Regular, Diet), Distribution Channel (Supermarket, Retail Stores) |
| Countries Covered | U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Denmark, Sweden, Poland, Turkey, rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Japan, Thailand, Indonesia, New Zealand, Vietnam, Thailand, Indonesia, Malaysia, Philippines, rest of Asia-Pacific, South Africa, Kuwait, Qatar, Oman, Saudi Arabia, U.A.E., and rest of the Middle East and Africa, Brazil, Argentina & rest of South America |
| Market Players Covered | PepsiCo (US), Nestlé, A.G. (Switzerland), The Coca-Cola Company. (US), CG Roxane, LLC (US), Tempo Beverage Ltd (Israel), Keurig Dr Pepper Inc. (US), Dr Pepper/Seven Up, Inc (US), Ferrarelle (Italy), SANPELLEGRINO (Italy), Reignwood Investments UK Ltd (UK), LaCroix Beverages, Inc. (US), GEROLSTEINER BRUNNEN GMBH & CO. KG (Germany), and Mountain Valley Spring Water (US) |
| Opportunities |
|
Recent Development
- Fentimans will introduce a new 200ml mixers and tonic range in May 2021. The new 200ml mixer range, which includes Tonic Water as well as Fentimans’ iconic Ginger Beer and Rose Lemonade, will be made using Fentimans’ 100-year-old artisanal technique. Fentimans’ versatile range of coloured and flavoured tonics, suitable for pairing with a wide range of spirit categories, is also included.
- Love Tonic, a new mixer brand in the United Kingdom, launched a quinine-free tonic water suitable for blending with gin, vodka, tequila, whisky, or rum in February 2020.
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The tonic water market is segmented on the basis of product type, application, content & distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
Flavoured
Non-Flavoured Drinks
Others
Content
Regular
Diet
Application
Alcoholic Drinks
Direct Consumption
Distribution channel
Supermarket
Retail Stores
Drivers
- Numerous benefits of consuming tonic water
Due to the presence of quinine, a medication used to treat malaria and babesiosis, tonic water is also widely consumed as a healthy drink around the world. This tonic water contains 83 milligrams of quinine per litre and has excellent medicinal properties. Market manufacturers are now offering a diverse range of products with added sugars and flavours. These medicinal benefits of tonic water are also propelling the product’s demand on a global scale.
- The growing consumption of alcohol and development of additional flavourings
Another factor driving this growth is the use of tonic water in margaritas as a drink enhancer and for soothing dehydration due to its strong taste. Furthermore, children, teenagers, and young adults are drawn to the sparkling effect of tonic water under ultraviolet lights. Tonic water appears fluorescent when exposed to direct sunlight because quinine is reactive to UV radiation as a result of its quinine content. Due to its use in cocktail preparations and its medicinal properties, the market is expected to grow steadily over the forecast period. Manufacturers of tonic water are expected to develop additional product flavourings over the forecast timeframe.
Opportunity
The rising disposable income of people as a result of industrialization and economic growth is a major driver of the global market for tonic water. Rapid urbanisation also contributes to increased demand, as it has resulted in increased consumption of alcohol, to which tonic water is frequently added. Aside from that, the growing popularity of social media and the internet has also had a positive impact on the market.
Some of the Major Highlights of TOC covers:
Chapter 1: Methodology & Scope
Definition and forecast parameters
Methodology and forecast parameters
Data Sources
Chapter 2: Executive Summary
Business trends
Regional trends
Product trends
End-use trends
Chapter 3: Animal Feed Industry Insights
Industry segmentation
Industry landscape
Vendor matrix
Technological and innovation landscape
Chapter 4: Tonic Water Market, By Region
Chapter 5: Company Profile
Business Overview
Financial Data
Product Landscape
Strategic Outlook
SWOT Analysis
Browse Complete Table of Contents at: https://www.databridgemarketresearch.com/toc/?dbmr=global-tonic-water-market
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