At a (CAGR) of 6.83%, Tonic Water Market to Reach US$ 1,117.0 Million by 2027

According to the latest report by IMARC Group, titled "Tonic Water Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,' the global tonic water market size reached US$ 748.9 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,117.0 Million by 2027, exhibiting a growth rate (CAGR) of 6.83% during 2022-2027.

Tonic water refers to a carbonated soft beverage that is primarily infused with quinine derived from cinchona bark, which provides a dry and bitter taste to drink. Its unpleasant flavor is ameliorated by mixing additional condiments, including sugar syrup, herbs, and other botanical flavorings, which improves its palatability. Tonic water exhibits diverse medicinal properties that can help treat malaria, relieve cramps, and reduce overall stress. Consequently, tonic water is moderately consumed as a refreshing or rejuvenating beverage alongside other alcoholic and non-alcoholic drinks to have a relaxing experience.

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Tonic Water Market Trends/Drivers:

One of the prime factors driving the global tonic water market toward the growth is the rising consumption of various alcoholic beverages and spirits, including gin, vodka, and beer, especially amongst younger demographics during socializing. Besides this, rapid urbanization, rising disposable incomes, and the growing need for premium drinks in multiple clubs, lounges, and bars are supplementing the product demand. Moreover, the introduction of low-calorie, sugar-free tonic water with botanical ingredients and several flavors to meet evolving consumer preferences, and their accessibility on diverse offline and online distribution channels are propelling the market growth. Additionally, the extensive celebrity endorsements, strategic advertising, and marketing techniques, continuous product diversification by key players in attractive packaging, and the widespread adoption of e-commerce platforms by manufacturers to reach masses during the COVID-19 pandemic are contributing to the market growth.

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Competitive Landscape:

Bradley's Tonic Co
East Imperial Beverage Corporation
El Guapo Bitters
Fentimans Ltd
Fevertree Drinks plc
Franklin & Sons Ltd
Keurig Dr Pepper Inc.
Q Tonic LLC
The Coca-Cola Company
The London Essence Company
White Rock Products Corporation

Market Breakup by Flavor:

Plain Tonic Water
Flavored Tonic Water

Market Breakup by Packaging Form:

Bottles
Cans

Market Breakup by Distribution Channel:

Supermarkets and Hypermarkets
Convenience Stores
Online Stores
Others

Regional Insights:

Asia Pacific
North America
Europe
Middle East and Africa
Latin America

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Key highlights of the report:                                                             

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Website: https://www.imarcgroup.com/

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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