The demand from sparkling water is significantly increasing owing to health benefits associated with it such as weight management, improves digestion, and provides . Moreover, the bundling strategy and economical pricing are responsible for higher sales of functional ingredients added water among supermarkets. Whats our next move? Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry. According to the International Bottled Water Association (IBWA), bottled water businesses have boosted their production capacity to cater to this surge in demand, which, in turn, has benefitted the market. Our studies analysts will assist you to get custom designed info to your report, which may be changed in phrases of a particular region, utility or any statistical info. Looking forward to work together in the future, It has been a delightful experience working with you guys. The emergence of sports drinks, energy drinks, and health drinks paved the way for the entire function-specific beverage movement. Health Benefits of Product to Drive Sales during COVID-19 Pandemic. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and . Sparkling Water Market size was valued at USD 27.9 billion in 2020 and is anticipated to grow at a CAGR of 11.98% during forecast period.The "sparkle" in sparkling water can also occur naturally, or it can be made artificially using a sparkling water system. Sparkling water is generally made out of mineral water due to the presence of less amount of solid minerals and naturally present carbon dioxide.The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment markets by type, application and region, and, as a result, provides a holistic view of, as well as a deep insight into the Sparkling Water market covering all its essential aspects.For the competitive landscape, the report also introduces players in the industry from the perspective of the market share, concentration ratio, etc., and describes the leading companies in detail, with which the readers can get a better idea of their competitors and acquire an in-depth understanding of the competitive situation. Revenue of the cosmetic & beauty industry in the U.S. 2002-2022, Value of the leading global textile exporters in 2021, by country, Vegetable oils: global consumption 2013/14 to 2022/23, by oil type, Cocoa bean production worldwide 2019/20-2021/22, by country, World coffee per capita consumption: major consumer countries 2015, Cosmetics Industry in the U.S. - statistics & facts, Profit from additional features with an Employee Account. North America leads the global sparkling water market share, at 35%. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes. You can only download this statistic as a Premium user. Mandarin Orange Cream Popsicles Pureed mandarins, creamy greek yogurt and . Sparkling Water Market Trends, Forecast and Analysis to 2027 Visit a quote page and your recently viewed tickers will be displayed here. Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. That is why different water brands have different tastes as per their bottling sources. Along with this, the report provides an elaborative analysis of the market dynamics and competitive landscape. Very satisfied with the overall report as it has helped me to build strategies for my business, This is regarding the recent report I bought from Fortune Business insights. Sparkling Water Market Size, Share and Trends Analysis Report Sparkling Water Market Size Worth $55.3 Billion by 2028 at 11.7% CAGR, COVID-19 Impact and Global Analysis by The Insight Partners What you need to know from Costco's earnings call. For more details, please read our privacy policy. Commercial Sparkling Water Dispenser Market Size, Industry Share As people's awareness of obesity and diet-related diseases increases, the food and beverage industry is increasingly focusing on adding more fiber to beverages to obtain benefits such as calorie reduction, weight control, and promoting digestive health. In addition, we are constantly inclined to conform to the study, which triangulated together along with your very own statistics to make the marketplace studies extra complete for your perspective. Even before the COVID-19 pandemic, functional ingredients added water had overtaken soft drinks to become the largest consuming beverage by volume in the U.S. Trends contributing to the products rising consumption are also its health and wellness attributes, convenience, and more low-calorie carbonated drinks than ever before. ", Beverage Industry Magazine, Market share of the leading seltzer, bottled sparkling/mineral water brands in the United States in 2021, based on sales Statista, https://www.statista.com/statistics/252421/market-share-of-leading-bottled-sparkling-water-brands-in-the-us/ (last visited March 04, 2023), Market share of the leading seltzer, bottled sparkling/mineral water brands in the United States in 2021, based on sales [Graph], Beverage Industry Magazine, July 16, 2021. North America led the global sparkling water market and held the largest share of over 35.0% in 2020. b. Hypermarkets and Supermarkets Independent Retailers Convenience Stores Online Retailers , Inquire or Share Your Questions If Any Before the Purchasing This Report - https://www.marketresearchguru.com/enquiry/pre-order-enquiry/17205643. After COVID-19, consumers have become more anxious, and they have started giving priority to immune health. Chapter 4: Consumption of Sparkling Water in regional level and country level. Access to this and all other statistics on 80,000 topics from, Show sources information Use Ask Statista Research Service. The shift in consumers shopping behavior is one of the major factors driving sales through the online channel. An Infographic Representation of Functional Water Market, To get information on various segments, share your queries with us. The major players covered in the Sparkling Water market report are: Get a sample copy of the Sparkling Water Market report 2023. By Application (, Hypermarkets and supermarkets, On-trade, Independent retailers, Convenience stores, Others), Many companies have established official economic ties with the organization, and individual advisors from all over the world have joined forces with it. The flavored natural/mineral and caffeinated sparkling water segment is expected to register a faster growth rate during forecast years as compared to the unflavored segment owing to the increasing launch of fruit-flavored drinks. This product is a market research report. Learn more about how Statista can support your business. Your transaction & personal information is safe and secure. Which is the key factor driving the market? Global Sparkling Water Faucet And Dispenser Industry - Industry Reports Furthermore, membership programs offered by these stores include benefits such as discounts and access to unlimited free delivery to enhance the shopping experience of the customers. Proliferating Demand for Fortified Beverage to Support Market Growth. Some prominent players in the global sparkling water market include: RHODIUS Mineralquellen und Getrnke GmbH & Co. KG, Revenue in USD million/billion and CAGR from 2021 to 2028, Revenue forecast, company ranking, competitive landscape, growth factors, and trends, North America; Europe; Asia Pacific; Central & South America; Middle East & Africa, U.S.; Germany; U.K.; Italy; Spain; France; China; India; Brazil. Hence, several consumers consider carbonated water as a healthier alternative to soda and sugary carbonated drinks. Moreover, the wide availability of both premium and private label brands at these stores attract consumers to purchase products through these channels. Short Summery About Sparkling Water Market: The global Sparkling Water market size was valued at USD 49582.82 million in 2022 and is expected to expand at a CAGR of 10.66 Persent during the forecast period, reaching USD 91059.83 million by 2028.The sparkling water is a form of non-Alcohlic beverage available as carbonated water. The latest growing trend in this market is the rising demand for water fortified with minerals, vitamins, antioxidants, and more. We live in purgatory: My wife has a multimillion-dollar trust fund, but my mother-in-law controls it. Changing Eating Patterns and Increased Focus on Health. We know where we will be getting business intelligence from in the future., Thank you for sending the market report and data. You can also contact MarketWatch Customer Service via our Customer Center. The global Sparkling Water market size was valued at USD 49582.82 million in 2022 and is expected to expand at a CAGR of 10.66 Persent during the forecast period, reaching USD 91059.83. It is available in many flavors and is devoid of sugar content and many other additives, unlike soda water. For instance, in May 2019, National Beverage Corp. launched a new flavor, Hi-Biscus! Sparkling Water Market 2023 Share Analysis: Understanding How Your Convenience stores are expected to witness greater traction in the foreseeable future owing to their penetration and personalized purchasing experiences. The imposed lockdown and stay-at-home orders led people to work from home and work out at home, which initially impacted the sales of energy and sports drink. https://www.marketresearchguru.com/enquiry/request-sample/17205643, https://www.marketresearchguru.com/enquiry/pre-order-enquiry/17205643, https://marketresearchguru.com/enquiry/request-covid19/17205643, https://marketresearchguru.com/purchase/17205643, https://marketresearchguru.com/TOC/17205643#TOC, Sparkling Water Market 2023 Share Analysis: Understanding How Your Business Stacks Up Against Competitors. Detailed analysis of major countries such as the USA, Germany, the U.K., Italy, France, China, Japan, South Korea, Southeast Asia, and India will be covered within the regional segment. We are happy with the professionalism of your in-house research team as well as the quality of your research reports. COVID-19 and Russia-Ukraine War Influence Analysis: The readers in the section will understand how the Sparkling Water market scenario changed across the globe during the pandemic, post-pandemic and Russia-Ukraine War. The ideal entry-level account for individual users. The growth of this segment is attributed to rising consumer demand for different flavors such as berry, orange, cucumber, and lemon. Benefits such as improved intake, better digestion, and enhanced bone and heart health are influencing consumers to drink sparkling water. Portfolio expansion, i.e., new product development, remains one of the most preferred strategies by key market players worldwide. The online distribution channel is expected to register the fastest CAGR of 13.3% from 2021 to 2028. However, widespread home isolation orders have spurred the demand for bottled water of various kinds among households across the globe, including sparkling water. Bottled Water in Denmark (2019) - Market Sizes. The sparkling water market is expected to grow from US$ 23,271.30 million in 2021 to US$ 55,298.58 million by 2028; it is estimated to grow at a CAGR of 11.7% from 2021 to 2028. Sparkling Water Market Report 2021: Market Size is Expected to be Which region dominated the sparkling water market? to incorporate the statistic into your presentation at any time. The market is growing, owing to innovative product launches by companies and rising consumer inclination towards the product. Asia Pacific market for functional water is also set to experience a significant growth rate as consumers are becoming increasingly aware of the benefits of specialty offerings. Chapter 11: Production and supply forecast, global and regional, Chapter 12: Consumption and demand forecast, global and regional. The bottled water sales have recently surpassed soft drinks sales in the United States The bottled water sector is thus a leading horse prompting companies to invest and expand their functional offerings. Further, mergers and acquisitions, emerging market trends, the impact of COVID-19, and regional conflicts will all be considered.In a nutshell, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the market in any manner. The wide availability of substitutes like plant-based waters, which provide the same health benefits as functional ingredients enriched water, is anticipated to hamper the growth of this market. The Global Sparkling Water Market is estimated to be worth $76.95 billion by 2028. on: Celebrate citrus this season with fresh recipes featuring some of your favorite citrus like grapefruits, lemons, mandarins, blood oranges and so much more!