The global tonic water market size is poised to grow by USD 543.32 million during 2020-2024, progressing at a CAGR of almost 6% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201008005426/en/
Technavio has announced its latest market research report titled Global Tonic Water Market 2020-2024 (Graphic: Business Wire)
Vendors in the market are consistently working on innovating their products to gain an advantage over their competitors. Vendors are improving their product offerings in terms of ingredients, flavor, and other aspects. Several market players are launching tonic water products containing natural ingredients to attract health-conscious consumers. For instance, Drink Better's recently launched its new quinine free tonic water containing botanicals such as Scottish heather, Scottish silver birch, yellow gentian, and wormwood. Such innovative product launches are helping vendors drive sales and increase their revenue. This is one of the key factors that will drive the growth of the global tonic water market size during the forecast period.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform
Report Highlights:
- The major tonic water market growth came from alcohol drinks mixer segment. The increasing consumption of alcoholic drinks such as gin, vodka, and others will increase the demand for tonic water during the forecast period. The introduction of new products and new flavors will also drive the growth of the alcohol drinks mixer segment during the forecast period.
- North America was the largest tonic water market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increasing application of tonic water as a mixer for gin and other alcoholic drinks, the rising number of new product launches, and continuous product innovationwill significantly drive tonic water market growth in this region over the forecast period.
- The global tonic water market is fragmented. Asahi Group Holdings Ltd., Britvic Plc, Fentimans Ltd., Fevertree Drinks Plc, Franklin Sons Ltd., Keurig Dr Pepper Inc., Llanllyr Water Co. Ltd., Nestle SA, Q Tonic LLC, and The Coca Cola Co. are some of the major market participants. To help clients improve their market position, this tonic water market forecast report provides a detailed analysis of the market leaders.
- As the business impact of COVID-19 spreads, the global tonic water market 2020-2024 is expected to have Neutral and At par growth. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
Increasing Consumption of Gin will be a Key Market Trend
There is an increase in the consumption of gin across the globe. The growing demand for small-batch gin products has led to an increase in a number of craft distilleries producing gin in the US and the UK. With the growing demand for gin cocktails among consumers, the need for tonic water will also increase. The increase in the production of gin and the rising demand for tonic cocktails will positively influence the growth of the global tonic water market size.
Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Tonic Water Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist tonic water market growth during the next five years
- Estimation of the tonic water market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the tonic water market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of tonic water market vendors
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Alcohol drinks mixer Market size and forecast 2019-2024
- Direct consumption Market size and forecast 2019-2024
- Market opportunity by Application
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America Market size and forecast 2019-2024
- Europe Market size and forecast 2019-2024
- APAC Market size and forecast 2019-2024
- South America Market size and forecast 2019-2024
- MEA Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Asahi Group Holdings Ltd.
- Britvic Plc
- Fentimans Ltd.
- Fevertree Drinks Plc
- Franklin Sons Ltd.
- Keurig Dr Pepper Inc.
- Llanllyr Water Co. Ltd.
- Nestle SA
- Q Tonic LLC
- The Coca Cola Co.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201008005426/en/
Contacts:
Technavio Research
Jesse Maida
Media Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
