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Sparkling Water Market | Size, Share and Scope Analysis to 2031
According to the latest research by InsightAce Analytic, the global sparkling water market size valued at US$ 29.3 billion in 2021 and it is expected to reach US$ 67.6 billion in 2030, recording a promising CAGR of 10.0% during the period of 2023-2031.
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Sparkling water is a naturally carbonated, refreshing beverage, the finest substitute for alcoholic and carbonated drinks. Furthermore, this water has numerous health benefits. It aids in improving the digestive system and reduces the risk of cardiac problems.
The increasing preference for carbonated water over sodas and other sweetened carbonated beverages is expected to drive market growth over the forecast period. In addition, factors such as rising health awareness, altering lifestyles, and a strong preference for secure and healthy products are anticipated to generate lucrative growth opportunities for this market. However, the relatively high price of sparkling water compared to other types and the need for more consumer awareness may hinder the market growth of sparkling water. Geographically, North America is anticipated to dominate the market over the forecast period due to the rising demand for healthful products and the region's convenient product accessibility. In 2020, Europe and Asia-Pacific also accounted for a significant portion of the effervescent water market due to rising demand.
Prominent key players are developing new products to meet the needs of health-conscious consumers to promote their effects on the global market, which is expected to drive the growth of the effervescent water market. PepsiCo, Inc., for instance, introduced five new caffeinated exuberant water flavours under its bubbly brand in February 2021: mango passion fruit, blood orange grapefruit, triple berry, blueberry pomegranate, and citrus cherry. These launches are increasing the market visibility of products.
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Some of the key players in the sparkling water market are 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. K.G., Evian, Mountain Valley Spring Company, L.L.C., Tempo Beverage Ltd, Reignwood Group, COTT Corporation, Crystal Geyser Water Company, A. G. BARR p.l.c. Icelandic Water Holdings ehf, CG Roxane, L.L.C., Vichy Catalan Corporation, and Other Prominent Players. Leading manufacturers of this market focus on strategic acquisitions, partnerships, expansions, mergers, and collaborations.
• In Jan 2022, Evian debuted its first-ever sparkling water - in both can and bottle versions. Hitting shelves in numerous markets. This new product includes the right degree of sparkles with its superb mineral quality and small bubbles providing a mild flavour and moderate intensity.
• In May 2021, Nestle Waters acquired Sparkling Spring Mineral Water Co., a leading distributor of home and o,ffice products. Nestle Waters strengthens its leadership position in the North America market, and this acquisition offers Nestle significant opportunities.
• In January 2020, Keurig Dr Pepper Inc. acquired Limitless, a U.S.-based caffeinated sparkling water company. This acquisition has widened Keurig Dr Pepper's water portfolio, and the company entered the caffeinated sparkling water market through this acquisition.
• In May 2019, National Beverage Corp. launched a new flavour, Hi-Biscus!, under its LaCroix brand. This new sparkling beverage has no carbohydrates, sweeteners, or sodium and has a unique taste of the hibiscus flower.
Market Segments
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023-2031 based on Products
• Natural/Mineral Sparkling Water
o Flavored
o Unflavored
• Caffeinated Sparkling Water
o Flavored
o Unflavored
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023-2031 based on End-Users
• Hypermarket & Supermarket
• Online
• Other End-Users
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023-2031 based on Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America sparkling water market revenue (US$ Million) by Country, 2023-2031
• U.S.
• Canada
Europe sparkling water market revenue (US$ Million) by Country, 2023-2031
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific sparkling water market revenue (US$ Million) by Country, 2023-2031
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America sparkling water market revenue (US$ Million) by Country, 2023-2031
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa sparkling water market revenue (US$ Million) by Country, 2023-2031
• GCC Countries
• South Africa
• Rest of Middle East & Africa
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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