Sparkling Water Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Sparkling Water Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Sparkling Water Market

The Sparkling water market size was valued at USD 38.13 billion in 2023, and the market is now projected to grow from USD 42.62 billion in 2024 to USD 108.35 billion by 2032, exhibiting a CAGR of 12.37% during the forecast period of 2023-2030.

The sparkling water market faced problems during COVID-19 because of disruptions in the supply chain and lowered spending among consumers. Pandemic restrictions to control the virus led to travel bans and reduced operation capacities in the hostelry sector, including food service outlets like restaurants and cafes that directly associate with sparkling water. Also, because of the lack of economic security, consumers decided to buy only the necessary products rather than purchase items like sparkling water. Potential problems, including shortage of workers and difficulties in procuring raw materials remained a menace to the market production.

The sparkling water market is rising, which is attributed to the growing awareness of health and reduction of intakes of sugar-added products. Consumers are paying more attention to the calories they take, and flavored and unflavored sparkling mineral water have gained a lot of demand in the market. Taste differences and product packaging coupled with vigorous promotion from leading firms are expanding the market. In addition, the sparkling water market growth is being driven by new trends of escalating consumption of premium and functional carbonated and non-carbonated beverages with added vitamins and minerals.

The rise in the consumption of sparkling water comes with the changing consumers’ perception of making healthy choice drinks and shifting to low calorie intake. Some of the popular trends include flavoured sparkling water which is often naturally fruited and comes with no extra sugars thus being suitable for health conscious consumers. In addition, there remains the strong focus on the sustainability both in terms of packaging and manufacturing. New product lines are also emerging including CBD and functional sparkling waters that come with additional healthy benefits.

Comprehensive Analysis of Sparkling Water Market

The Sparkling water industry is rising at an exponential rate due to its market segmentation. These segmentations are methodically segregated by type, by packaging and by distribution channel. Based on type market is divided into natural/mineral and caffeinated. Based on packaging, market is divided into glass bottles, cans, and plastic bottles. Based on distribution channel, market is divided into hypermarket/supermarket, convenience store, online channel, and others.

The Europe holds leading position in sparkling water market share by benefitting a market size of USD 17.28 billion in 2023. This domination can be attributed by the greater consumer preference for better and improved beverages, the preference for sparkling water as compared to still water and presence of well- established big brands such as Perrier and San Pellegrino. Moreover, the increased emphasis on sustainability as well as the focus on premium products across the region strengthens the growth of the market.

The top players in the market play a crucial role in the industry assuring industrial prospectus growth and setting market standards. These players include, Nestlé S.A. (Switzerland), PepsiCo, Inc. (U.S.), Keurig Dr. Pepper Inc. (U.S.), The Coca-Cola Company (U.S.), Sanpellegrino S.P.A. (Italy), WakeWater Beverage Co. (Canada), National Beverage Corp. (U.S.), Big Watt Cold Beverage Co. (U.S.), Danone S.A. (France), Volay Brands (U.S.).

May 2023: PepsiCo launched the zero sugar sparkling water named Bubly in the Australian market.

Segmentation Table

Global Sparkling Water Market Scope

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 12.37% from 2024 to 2032

Unit Value (USD billion)

Segmentation

By Type

Natural/Mineral

Caffeinated

By Packaging

Glass Bottles

Cans

Plastic Bottles

By Distribution Channel

Hypermarket/Supermarket

Convenience Store

Online Channel

Others

By Geography

North America (By Type, By Packaging, By Distribution Channel, By Crop, and By Country)

- U.S. (By Type)

- Canada (By Type)

- Mexico (By Type)

Europe (By Type, By Packaging, By Distribution Channel, By Crop, and By Country)

- Germany (By Type)

- France (By Type)

- Italy (By Type)

- Spain (By Type)

- U.K. (By Type)

- Rest of Europe (By Type)

Asia Pacific (By Type, By Packaging, By Distribution Channel, By Crop, and By Country)

- China (By Type)

- India (By Type)

- Japan (By Type)

- Australia (By Type)

- Rest of Asia Pacific (By Type)

South America (By Type, By Packaging, By Distribution Channel, By Crop, and By Country)

- Brazil (By Type)

- Argentina (By Type)

- Rest of South America (By Type)

Middle East & Africa (By Type, By Packaging, By Distribution Channel, By Crop, and By Country)

- UAE (By Type)

- South Africa (By Type)

- Rest of Middle East & Africa (By Type)


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