As per the GMI Research’s latest analysis, Global Tonic Water Market reveals that the market is slated to register a higher CAGR over the forecast period. This is attributed to the growing consumption of alcoholic beverages like vodka, gin, and other several cocktails.
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Tonic Water Market’s leading Manufacturers:
- FENTIMANS
- Fever-Tree
- Keurig Dr Pepper
- Q MIXERS
- THE COCA-COLA COMPANY
- White Rock Products Corporation
- Zevia
- Asahi Group Holdings, Ltd.
- Hansen Beverage
- Bradleys Tonic Co.
Tonic Water Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)
Key Drivers
The global tonic water market is predicted to witness an upsurge in demand during the forecast period due to the growing consumption of alcoholic beverages, including vodka, gin, and other numerous cocktails. Furthermore, tonic water consists of an accurate amount of quinine, which decreases the chances of malaria and other leg-related medical problems. These medicinal properties are projected to drive the growth of the tonic water market share in terms of revenue over the coming years. Tonic water is one of the largest consumed soft drinks with spirits around the world. Various beverages have a strong base of tonic water, which offers a bitter edge to cocktails. Tonic water is also largely taken as a healthy drink due to the strong presence of quinine substance, which is a medication utilized to treat babesiosis and malaria. Players in the market are providing a huge range of products that added flavors and sugars. These innovative advantages regarding tonic water will stimulate the demand for the product.
Distribution Channel Segment Drivers
Based on the distribution channel, the hypermarkets/ supermarkets & convenience stores segments are projected to lead the market over the coming years. Various supermarket giants, including 7Eleven, Walmart, Apar, Tesco, Sainsbury’s, Auchan, and Aldi, have strong customer penetration in developed countries, such as Europe and North America. These organizations provide a wide range of grocery products and a huge chain of stores to boost customer engagement. All these advantages are attracting a vast consumer base into the market.
Tonic Water Market Segmentation:
Segmentation by Product Type:
- Regular
- Diet
Segmentation by Distribution Channel:
- Supermarket/hypermarket & Convenience stores
- Online Retailers
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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