Tonic Water Market 2023 Driving Factors Forecast Research 2032

Market Overview:
The Global Tonic Water Market was valued at USD 813.66 million in 2021 and is expected to reach USD 1341.14 million by the year 2028, at a CAGR of 7.4%.

Quinine is an ingredient in tonic water, a carbonated soft drink. Tonic water, which was previously used to combat malaria, now has a far lower quinine content and is consumed for its distinctive bitter flavor, though it is frequently sweetened these days. Popular mixed cocktails with it include gin and tonics. There are flavored and plain tonic waters available. Today's tonic water has a markedly lower quinine content and is used for its distinctive bitter flavor. Popular mixed cocktails with it include tonic and gin in particular. Diarrhea, vomiting, nausea, stomach pains, and anxiety are among the negative side effects of using tonic water. Quinine is the main ingredient in tonic water, a well-liked carbonated beverage.

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Market Dynamics:
Driver:
One key factor is the market's steadily rising interest in drinking tonic water straight up. This rise in consumption can be attributed to several factors, such as growing consumer interest in non-alcoholic drinks that aren't overly sweet and may imitate the effects of drinking alcohol. This notion is best supported by tonic water, which has experienced significant growth in popularity. Another crucial element of the tonic water industry is the expansion of the market beyond traditional tonic water. Several companies have produced tonic water products with a wider range of flavors, textures, prices, ingredients, calorie content, and packaging.

Opportunities:
The recent trend of blending tonic water with alcohol has greatly increased tonic water consumption and is expected to open up new business opportunities for the tonic water sector. A profitable market development opportunity is also being presented by the introduction of fresh items with a diversity of flavors and appealing packaging designs. The development of the market beyond conventional or customary tonic water is another important component in the tonic water business. Tonic water products that are more varied in flavor, texture, cost, ingredients, calorie content, and packaging have been introduced by several firms.

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Segmentation Analysis of Tonic Water Market:
Based on the product type, the flavored type segment is expected to register the highest tonic water market revenue over the estimated period. Premium spirits have established a solid following among consumers, who are ready to pay more for unique, inventive goods. In this product area, companies are also introducing innovative naturally flavored water to meet the demands of customers who are concerned about their diets and taste preferences. SodaStream, for example, sells naturally flavored diet tonics with no calories. Skilled bartenders may also use flavored tonics to mix a specific spirit with a tonic that complements its flavor character. Spirit-tonic combos like this are a whole part of the menu at certain bars: Gin-and-tonic menus at Whitechapel, Sable in Chicago, and Cooks & Soldiers in Atlanta all explore the format through inventive taste profiles and regional interpretations.
• Flavored
• Non-Flavored Drinks
• Others

Based on the packaging type, the bottles segment is anticipated to register the largest tonic water market revenue during the forecast period. When it comes to food and beverage packaging, there's no need to be concerned about flavors fading in a bottle. It is the most common and conventional method. Bottles come in a variety of sizes and materials. Glass bottles are becoming increasingly popular. Because glass is an impermeable material that keeps air and other liquids out, glass bottles do not affect the flavor or freshness of the product. The packaging of tonic water is a critical step in the manufacture and distribution of this beverage. External circumstances, such as heat, do not influence the substance or shape of the glass, unlike plastics, which can melt and degrade product quality. As a consequence, food and beverage products packaged in glass keep their freshness for a long time. Glass bottles also maintain the package's inner temperature, preventing spoiling. These reasons are propelling the segment's market growth.
• Bottles
• Cans

Based on the application, the alcoholic drinks segment is expected to dominate the tonic water market over the forecast period. Shifting consumers' lifestyles are contributing to an increase in social meetings and parties, as well as the popularity of social media and the internet, as well as a rising belief that alcoholic beverages help to calm the mind. In industrialized economies, volume sales of alcoholic beverages have been declining for some years, while demand in emerging areas continues to expand. Premiumization and development in the out-of-home market are the main drivers of value increase. More than two out of every five dollars spent on alcoholic beverages is spent outside of the house, in places like bars, restaurants, and other establishments, underscoring the importance of the on-trade sales channel for the business.
• Direct Consumption
• Alcoholic Drinks

Based on the distribution channel, the hypermarket/supermarket segment is expected to dominate the tonic water market over the projected period. In North America and Europe, a huge number of supermarket behemoths such as Walmart, Tesco, 7Eleven, Auchan, Sainsbury's, Apar, and Aldi have the highest consumer penetration. For optimum consumer involvement, these deep-pocket corporations offer a wide selection of food goods and operate a huge network of outlets. For optimal profit, all manufacturers provide their whole product catalog in these hypermarkets, supermarkets.
• Hypermarket/Supermarket
• Specialty Stores
• Retail Stores
• Online Sales

Regional Analysis of Tonic Water Market:
North America accounted for a major market share in the tonic water market and is expected to lead the market during the forecast period. Tonic water is primarily imported from North America. Gin's rising popularity and demand are projected to improve tonic mix adoption in the coming years. Tonic water is commonly used in alcoholic drinks in industrialized nations. Due to a lack of understanding of the product and a lower taste for gin in emerging nations, the market is still in its infancy. The United States and Canada are the leading users of tonic water, creating a substantial market opportunity in North America. Furthermore, these two nations consume a lot of gin, which leads to a rise in tonic water usage. The demand for tonic water in the region is increasing as the use of these beverages rises.

Asia Pacific region is expected to register significant market growth throughout the forecast period. In nations like India, China, and Indonesia, the consumption of various types of spirits such as gin, whiskey, vodka, and rum has been steadily expanding. The region's demand for tonic water is being fueled by an increase in the use of various forms of alcohol. In comparison to North America and Europe, Asian countries with strong gin consumption, such as the Philippines, do not typically utilize alcoholic mixers. Furthermore, due to fast urbanization and rising disposable incomes, the area is a developing market with significant potential during the projected period, which is likely to stimulate leisure spending in bars and other similar establishments. The expanding economic position of the region, as well as the increasing availability of tonic water in regional supermarkets, indicate a strong demand for tonic water.

Europe region has also witnessed significant market growth for tonic water. During the British colonization of India, tonic water was used to treat malaria symptoms and became widely famous in the classic gin and tonic drinks. The gin was added to help with the bitterness, and the drink has remained popular in the United Kingdom, where it is even available in cans. Furthermore, the region's strong drinking culture has resulted in high demand for tonic water in a variety of cocktails.
• North America
o US
o Canada
o Mexico

• Eastern Europe
o Bulgaria
o The Czech Republic
o Hungary
o Poland
o Romania
o Rest of Eastern Europe

• Western Europe
o Germany
o UK
o France
o Netherlands
o Italy
o Russia
o Spain
o Rest of Western Europe

• Asia Pacific
o China
o India
o Japan
o South Korea
o Malaysia
o Thailand
o Vietnam
o The Philippines
o Australia
o New Zealand
o Rest of APAC

• Middle East & Africa
o Turkey
o Bahrain
o Kuwait
o Saudi Arabia
o Qatar
o UAE
o Israel
o South Africa

• South America
o Brazil
o Argentina
o Rest of SA

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Players Covered in Tonic Water Market are:
• The Coca-Cola Company
• Nestlé
• Nexba
• Zevia
• Lamb & Watt Tonics
• White Rock Products Corporation
• Keurig Dr. Pepper Inc
• London Essence Company
• Monster Beverage Corporation
• Hansen Beverage
• BOYLAN BOTTLING
• Fentimans
• El Guapo Bitters
• Franklin & Sons Ltd.
• Whole Foods Market IP. L.P.
• Thomas Henry GmbH & Co. KG
• East Imperial.
• Arctic Blue Beverages
• A.S. Watson Group
• Bradleys Tonic Co
• Q Mixers and other major players.

Key Industry Developments In Tonic Water Market
1. In October 2021, Award-winning Finnish beverage company Arctic Blue Beverages, of artisan gin has launched new tonic water. Arctic Blue Tonic combines flavors from coniferous forests with the global cleanest water. It is manufactured from the cleanest Finnish groundwater by hand in small batches in Lappeenranta, Finland.

2. In August 2021, Nexba, an Australian soft drinks firm, has launched Nexba Sugar-Free Tonic Water, a new addition to its existing soft drinks line. Nexba Sugar-Free Tonic Water comes in different flavors such as Lime, Cucumber, and Mint, as well as Classic Tonic. The Natural Sweetener Blend and a blend of natural herbs are used to generate both flavors.

3. In May 2021, Fentimans has introduced a new line of 200ml mixers and tonics. The new 200ml mixer line will continue to be created utilizing Fentimans' 100-year-old artisanal process, which includes Tonic Water, Ginger Beer, and Rose Lemonade. Fentimans also has a flexible assortment of colored and flavored tonics that are excellent for mixing with a wide range of spirits.

The Report Covers-
• Market value data analysis for 2023 and forecast to 2032.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global Bluetooth speaker market. Based on the availability of data, information related to new product launches and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market entry and market expansion strategies.
• Competitive strategies by identifying 'who stands where' in the market.

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