Sparkling Water Market: Current Analysis and Forecast (2021-2027)

Sparkling Water Market: Current Analysis and Forecast (2021-2027)

The Global Sparkling Water is Expected to Display an Elevated CAGR of ~11% over the forecast period (2021-2027)

The global sparkling water market is experiencing significant growth on account of surging demand for healthy beverages in the food & beverage industry across the globe owing to the rise in awareness for the adoption of a healthy lifestyle. The consumption of refreshing drinks, such as colas and flavored sodas, is reducing globally as they have high sugar content, artificial coloring, phosphoric acid, artificial sweeteners, and caffeine which can cause negative effects on the human body. Owing to this, many consumers are shifting from carbonated drinks to healthy beverages. The growing popularity of detoxification drinks across the globe due to their ability to reduce fatigue, weight loss, improve digestion, remove toxins, immunity-boosting properties, and improvement in overall health further drives the growth of the detox drinks market globally.

The Prevalence of Obesity and Overweight is rising dramatically across the globe and has nearly tripled since 1975. Obesity is among one of the leading causes of death worldwide as obese people are prone to many serious health conditions and illnesses. For instance, as per CDC, More than 900,000 adult COVID-19 hospitalizations occurred in the United States between the beginning of the pandemic and November 18, 2020. Models estimate that 271,800 (30.2%) of these hospitalizations were attributed to obesity.

Sparkling water or carbonated water is a healthier substitute for soft drinks. The growing count of cases of obesity among children and increasing contamination levels of drinking water are driving the growth of the safe and bacteria-free sparkling bottled water market. Moreover, the demand is increasing as it helps in weight loss naturally by boosting the body’s metabolism. Furthermore, consumption of sparkling water improves digestion as it serves as a laxative and provides various healthy nutrients to the digestive system which is further fueling the growth of the sparkling water market.

Nestlé, PepsiCo, Inc., National Beverage Corp., Talking Rain, Keurig Dr Pepper Inc., The Coca-Cola Company, Danone S.A., SANPELLEGRINO S.P.A, Clear Cut Phocus, Caribou Coffee Operating Company, Inc, etc., are some of the prominent players operating in the Sparkling Water market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.

Insights Presented in the Report

“Amongst Type, Natural/Mineral segment holds the major share”

Based on type, the market is fragmented into Natural/Mineral and Caffeinated. The natural/ mineral segment grabbed the major market share and dominated the market in 2020. Moreover, the market of this segment would reach USD XX Mn by 2027. The demand for the natural/ mineral segment is emerging owing to the growing consumer awareness about natural and organic products. However, the demand for caffeinated would emerge from the millenniums and the market would witness a considerable CAGR.

“Amongst Distribution, Supermarkets/ Hypermarkets segment to grab considerable market share”

Based on the distribution channel, the market is fragmented into Hypermarket & Supermarkets, Convenience Stores, Online, and Others. The hypermarkets/ supermarkets segment grabbed the major market share and dominated the market in 2020. The emerging number of hypermarkets/ supermarkets coupled with the advantage of the availability of several brands under one roof is leading to the growth of this segment. However, the online segment would witness the highest CAGR during the forthcoming years

“North America represents one of the largest markets of Sparkling Water market”

For a better understanding of the market dynamics of the Sparkling Water market, a detailed analysis was conducted for different regions across the globe including North America, Europe, Asia Pacific, and the Rest of the world. North America dominated the market and generated the leading revenue share in 2020 owing to the availability of Sparkling Water providers in abundance. Also, leading manufacturers of Sparkling Water are currently launching newly flavored with added benefits products which are also acting as a growth catalyst to the market growth.

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• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
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• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
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• Deep dive regional level analysis of the industry