Europe Tonic Water Market Analysis, Share, Trend, Industry Report Forecast till 2031

The Europe tonic water market was valued at US$ 1,066.85 million in 2023 and is expected to reach US$ 1,759.13 million by 2031; it is estimated to register a CAGR of 6.5% from 2023 to 2031.

Consumers are increasingly seeking premium and unique experiences in everyday beverages. In response to the evolving consumer expectations, tonic water manufacturers across the world engage in product development and innovation to attract a larger clientele and enhance their market position. Innovative flavors such as elderflower, cucumber, and grapefruit appeal to a wider range of consumers. In July 2023, Double Dutch, a UK-based premium tonic water and mixer brand, announced the launch of its new elderflower tonic water. With this launch, the company aimed to cater to the increasing consumer demand for innovative flavors. In addition, the demand for fresh and fruity citrus flavors is on the rise among consumers. For instance, in March 2022, The Coca-Cola Company introduced new grapefruit-flavored bottled tonic water to its Schweppes portfolio.

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The launch aimed to cater to the growing demand for fruity flavored tonic water.
With the burgeoning interest in natural and botanical-based products, in line with the growing trend of healthy eating and drinking, consumers seek beverages made with natural, high-quality ingredients. They are also looking for lighter and more floral tonic water varieties.

MARKET INTRODUCTION

Gin is among the most popular spirits in European countries with a rich history, and it is often paired harmoniously with tonic water. Germany, the UK, Spain, France, and Belgium are among the most gin-consuming countries in Europe. Thus, the demand for tonic water can be attributed to the increasing consumption of gin, and surging preference for premium and artisanal products. Further, the increasing popularity of gin and tonic as the most versatile and trendy cocktail choices has spurred the demand for tonic water in the region. The expansion of the hospitality industry and the emergence of new dining and drinking establishments have further increased the demand for tonic water in the region.

List of Companies Profiled in the Europe Tonic Water Market Report are:

• The Coca-Cola Co
• Fever-Tree Drinks Plc
• Three Cents Co
• Thomas Henry GmbH
• East Imperial Beverage Corp
• Fentimans Ltd
• Britvic Plc

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Key Segmentation:

Europe Tonic Water Market Segmentation

The Europe tonic water market is categorized into by type, category, end user, and country.

Based on type, the Europe tonic water market is bifurcated into plain and flavored. The flavored segment held a larger market share in 2023.

In terms of category, the Europe tonic water market is bifurcated into low/no sugar and regular. The regular segment held a larger market share in 2023

By end user, the Europe tonic water market is bifurcated into on-trade and off-trade. The off-trade segment held a larger market share in 2023.

Based on country, the Europe tonic water market is segmented into Germany, France, Italy, the UK, Netherlands, Spain, Sweden, and the Rest of Europe. The UK dominated the Europe tonic water market share in 2023.

The Coca-Cola Co, Fever-Tree Drinks Plc, Three Cents Co, Thomas Henry GmbH, East Imperial Beverage Corp, Fentimans Ltd, and Britvic Plc, are some of the leading companies operating in the Europe tonic water market.

Table of Contents

1. Introduction
1.1 Business Market Insights Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Europe Tonic Water Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers
4.3.3 Distributors/Suppliers
4.3.4 End Users
5. Europe Tonic Water Market - Key Market Dynamics
5.1 Growth Drivers and more...

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