Press release
Sparkling Water Market Scope | Global Analysis 2020, Regional Trend, Industry Demand, Current and Future Plans by Forecast to 2023
Market InsightSparkling waters saw a considerable growth during the time of COVID 19 pandemic, finds Market Research Future in its latest study. The global sparkling water market also witnessed substantial growth with the increased demand, as sales rose by 30.2% in the present time. This is partly due to panic buying and the fact that some consumers turn to sparkling drinks for health benefits.
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Sparkling Water Market Boosters
The shutting of restaurants and bars during the COVID 19 pandemic has driven demand to deliver sparkling water and alcoholic beverages that consumers can enjoy in their homes. Popular online delivery services like Saucy and Drizly see more outstanding orders than ever before for sparkling water that spurred the market of it considerably.
Top Companies
COTT Corporation (Canada), The Coca-Cola Company (US), Dr. Pepper Snapple Group (US), Nestle S.A. (Switzerland), Crystal Geyser Water Company (US), PepsiCo, Inc. (US), A.G. BARR p.l.c. (UK), Reignwood Group (China), GEROLSTEINER BRUNNEN GmbH & Co. KG (Germany), Tempo Beverage Ltd (Israel), and Mountain Valley Spring Company, LLC (US) are top companies listed in the study of Sparkling Water Industry.
Segment Review
Concerning segmental overview of the global Sparkling Water Industry, various segments such as category, packaging type, and distribution channel are added to study market dynamics.
By the segment of the category, the global Sparkling Water Industry has included plain and flavored.
By the segment of packaging type, the global market has included bottles, cans, and others.
By the segment of the distribution channel, store-based and non-store based are included. The store-based distribution channel is again divided into supermarkets & hypermarkets, convenience stores, and others.
Regional Insight
Concerning the geographical study, the Americas are the leader of the global Sparkling Water Industry with a higher market share. It is estimated that the region would reach almost $30 million by the year 2020. This vibrant trend is owing to the shift of consumption to tackle the issue of obesity but also by the rise of consumption in an emerging market in Mexico and Brazil.
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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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