Global Tonic Water Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
The Tonic Water Market Report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2031.
The Tonic Water Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global tonic water market report has been segmented on the basis of type, content, application, and region.
Tonic Water Market Overview:
“The Tonic Water Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Tonic water is referred to as a carbonated soft drink with quinine dissolved in it. Quinine is a bitter compound that comes from the bark of the cinchona tree.
It is generally used as a prophylactic against malaria, tonic water usually contains significantly lower quinine content and is consumed for its distinctive bitter flavour.
It is often consumed with regular content which is non-flavoured or combined with alcohol or fruit juice.
Traditional tonic water contains added sugar, while diet tonic water contains artificial sweeteners. Diet versions of tonic water contain very less calories.
Whether consumed as a mixer with alcoholic drinks or for the crisp flavour and bubbles, neither version provides any significant nutrients. The main benefit is to provide rehydration from drinking water.
Various market players are focusing on introducing tonic water products that are more varied in terms of flavour, texture, pricing and packaging.
It even contains different ingredients and calorie content. An increasing number of consumers today focus on health by reducing total calorie intake, owing to which unsweetened variants of tonic water are emerging in retail stores.
This has led to the growing adoption of tonic water and is expected to continue during the forecast period.
In addition, increasing disposable income, and urbanization are other factors expected to fuel the market. Moreover, the growing clubs, lounges, and bars are also expected to boost the growth of the tonic water market.
Market players are focusing on launching new flavoured tonic drinks containing ingredients such as chocolate, pomegranate, and ginger lemongrass.
The addition of ingredients, such as naturally sourced antimalarial and natural sweeteners rather than sugar is expected to attract more health-conscious consumers and boost the market growth.
However, low awareness of tonic water may become a restraining factor for the growth of the market as tonic water is positioned as a mixer for alcoholic drinks only, although it can be consumed as a soft drink or general.
The North American market dominates the global tonic water market in terms of revenue owing to factors such as increased standards of living and a large number of lounges, bars and cafes.
The market in Asia Pacific is projected to have fastest growth with highest CAGR, owing to increasing disposable income, rapid industrialization and urbanization.
Tonic Water Market Segmentation:
Segmentation on the basis of type:
Segmentation on the basis of content:
Segmentation on the basis of application:
- Alcoholic Drinks
- Direct Consumption
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Fentimans Ltd.
- The Coca-Cola Company
- Diageo Plc.
- Q Tonic LLC
- White Rock Products Corp.
- Thomas Henry GmbH & Co. KG
- Powell and Mahoney LLC
- Fevertree Drinks PLC
- Pepper Snapple Group, Inc.,
- Monster Beverage Corporation
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