LONDON, Nov. 25, 2022 /PRNewswire/ -- The Global Sparkling Water Market is anticipated to reach a valuation of USD 69.15 billion by 2028 from USD 30.36 billion in 2021, registering a CAGR of 12.48% over the stipulated timeline.
Sparkling water, also known as carbonated water, is enriched with minerals such as magnesium, sodium, and calcium and hence offers a wide array of health benefits. It does not contain any form of sugar additive unlike other beverages. The regulation consumption of sparkling water relieves constipation, improves digestion, enhances swallowing ability while reducing the risk of heart diseases.
The growing health cognizance of the masses, rising prevalence of gastrointestinal and heart-based ailments along with unhealthy lifestyle habits of the masses are primary augmenting the outlook of this business vertical. Further, rising R&D activities in the field, surging disposable income levels of the masses, and increasing pervasiveness of obesity are adding momentum to the progression of this marketplace.
Besides, the booming nutraceutical sector, increasing focus of prime players to develop and launch high end products in the field coupled with widespread technological advancements in the product manufacturing sector are creating lucrative opportunities for this Global Sparkling Water Market to prosper. Also, easy product availability across numerous distribution channels and rising trends of serving carbonated water across food joints are aiding the expansion of this industry. On the contrary, high product costs and lack of awareness among consumers are hindering the remuneration scope of this marketplace.
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Competitive Hierarchy
The prominent players characterizing the competitive terrain of Global Sparkling Water Market are
- A.G. Barr
- CG Roxane
- Tempo Beverage
- Keurig Dr Pepper
- Dr Pepper/Seven Up
- Ferrarelle
- SANPELLEGRINO
- The Coca-Cola Company
- PepsiCo
- Nestlé
- Others.
Mergers & acquisitions, R&D investments, product launches, collaborations, and partnerships are among the effective strategies adopted by the top companies to amplify their global footprint and register notable gains.
Segmentation-
By Category:
- Flavored
- Plain
By Packaging Type:
- Bottles
- Cans
- Others
By Distribution Channel:
- Online
- Supermarkets/Hypermarkets
- Convenience Stores
- Others
Category-Wise Outlook
Which is the leading category segment in this business vertical?
The flavoured segment presently dominates the market in terms of volume share ascribing to the better taste offered by sparkling water integrated with flavours such as berry, lemon, and orange, among others.
Which packaging type segment is expected to witness robust growth?
The bottles segment is anticipated to garner noticeable gains over the forecast duration since bottles can be reused or recycled unlike cans.
Which is the most dominant distribution channel segment in this industry?
The online segment currently leads the market and is projected to showcase similar development trends in the ensuing years. This is credited to the rising trends of online shopping, increasing adoption of smart devices, and widespread internet proliferation.
Major Developments
In January 2020 Keurig Dr Pepper Inc. announced the acquisition of Limitless to widen its offerings. In fact, this acquisition enabled the company to mark its entry into the caffeinated sparkling water market.
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Comparing the historical outlook and ongoing trends of this market
This business vertical has been gaining robust traction over the years due to the emergence of various beneficial factors.
There has been a rising prevalence of various lifestyle based and gastrointestinal diseases across the globe. This is credited to the shifting inclination of the masses towards an unhealthy lifestyle. Widespread urbanization and surging employment rates have pushed the individuals towards a more sedentary lifestyle. Excessive dependency on electronic devices has decreased the trend of getting a work done physically. In fact, hectic working hours and long commutes have left the people with no time for preparing healthy meals. This has increased the consumption of processed food, thereby leading to the occurrences of digestive and lifestyle-based ailments. These factors are stimulating the overall dynamics of this marketplace.
The wide array of health benefits provided by sparkling water is escalating its demand worldwide. With increasing pervasiveness of various disease, people have become more health consciousness. They are shifting towards the consumption of healthy food and beverages. It is evident that this form of carbonated water comprises of beneficial minerals and helps to prevent various disorders. In fact, regulated consumption of this beverage further helps in keeping heart diseases as bay. Therefore, well known beverage brands are launching their own healthy carbonated water range across the globe. This in turn is fuelling the growth of Global Sparkling Water Market.
With rising income opportunities due to widespread economic developments, the expenditure power of the masses has soared significantly. This has not only improved their lifestyle but has also pushed them to get their hands on high-end products. Sparkling water consists of various advantageous nutrients and undergo a complexed manufacturing process. Moreover, they are mostly sold under big brand names and hence are costly in nature. Only the high incomed individuals can afford these luxury beverages. Therefore, surging disposable income levels of the masses is paving profitable prospects for this business vertical to progress.
Region-Wise Insights
Which is the fastest growing region in this marketplace?
North America has been amassing notable gains over the stipulated timeline owing to the rising per capita income of the masses, presence of potential players, increasing popularity of sugar-free edibles, along with growing prevalence of lifestyle diseases.
How is Asia Pacific faring in the Global Sparkling Water Market?
Asia Pacific is reckoned to capture a substantial revenue share over the estimated timeframe due to increasing adoption of sedentary lifestyle, rising consumption of luxury beverages, surging health cognizance of the masses, and technological advancements in the field of product manufacturing.
On Special Requirement Sparkling Water Market Report is also available for below region:
North America
- U.S, Canada
Europe
- Germany, France, U.K., Italy, Spain, Sweden, Netherland, Turkey, Switzerland, Belgium, Rest of Europe
Asia-Pacific
- South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC
Latin America
- Mexico, Colombia, Brazil, Argentina, Peru, Rest of Latin America
Middle East and Africa
- Saudi Arabia, UAE, Egypt, South Africa, Rest Of MEA
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