During the initial months of the Covid-19 pandemic, a majority of public places and offices were shut, which led to a significant drop in the commercial demand for sparkling water. North America led the global sparkling water market and held the largest share of over 35.0% in 2020. b. Access to this and all other statistics on 80,000 topics from, Show sources information Which distribution channel led the sparkling water market? The global sparkling water market size was estimated at USD 29.71 billion in 2020 and is expected to reach USD 33.43 billion in 2021. b. I appreciate the timeliness and responsiveness of you and your team., (applicable to 1 report only for the same license type), The global functional water market is likely to grow from $13.80 billion in 2021 to $22.97 billion in 2028 at a CAGR of 7.55% in forecast period, 2021-2028, 2020 Fortune Business Insights . In the face of this "push" in government regulation and the "pull" of growing consumer demand for healthier options, more businesses and regulatory requirements for APAC beverage manufacturers are paying more attention to their products' functional properties. Sparkling Water Market Size, Share and Trends Analysis Report 2023-2030. Price still remains the major factor influencing the purchasing patterns of all the functional beverages, including enhanced water; however, brands justifying their premium offerings with the host of label claims are expected to fetch higher sales margins. The market in South America is expected to grow strongly, driven by strong demand for flavored, hygienic, and clean drinking water in the region. This report aims to provide a comprehensive presentation of the global market for Sparkling Water, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Sparkling Water. Chapter 3: Production/output, value of Sparkling Water by region/country. Danone S.A., The Coca-Cola Company, PepsiCo Inc., and Nestle S.A. are some of the top players in the market. data than referenced in the text. The product is a PDF. Functional ingredients enriched with water is a delicious solution for those who are trying to achieve a healthy level of hydration but have trouble meeting the daily recommended amount of water. This product is a market research report. This is due to the dominance of plain or unflavoured sparkling water due to its lower price range. Global markets are presented by Sparkling Water type, along with growth forecasts through 2028. grapefruit, lemon, lime, coconut and sparkling water. The product is a PDF. By continuing to visit this site you agree to our use of cookies . Sparkling Water Market Size is anticipated to reach USD 77 Billion by 2030, registering a CAGR of 12.5% during 2022-2030. 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. That is why different water brands have different tastes as per their bottling sources. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Global bottled water consumption 2007-2017, New Zealand: market share of soft drinks 2019, by category, Market share of leading bottled water companies worldwide 2015, Volume of bottled water sold in the U.S. 2010-2021, Per capita consumption of bottled water in the U.S. 1999-2021, Volume growth of bottled water in the U.S. 2007-2020, Sales volume of bottled water in the United States from 2010 to 2021 (in billion gallons), Sales volume growth of bottled water in the United States from 2007/08 to 2019/20, Leading vendors of bottled water in the U.S. 2020, based on sales, Leading vendors of bottled water in the United States in 2020, based on sales (in million U.S. dollars), Per capita consumption of bottled water in the United States from 1999 to 2021 (in gallons), Trade value of water exported from the United States from 2016 to 2020 (in million U.S. dollars), Trade volume of water exported from the United States from 2016 to 2020 (in 1,000 liters), Trade value of water imported to the United States from 2016 to 2020 (in million U.S. dollars), Trade volume of water imported to the United States from 2016 to 2019 (in million liters), Volume of U.S. water imports 2020, by country, Trade volume of water imported to the United States in 2020, by leading country (in million liters), Value of U.S. water imports 2020, by country, Trade value of water imported to the United States in 2020, by leading country (in million U.S. dollars), Value of U.S. water exports 2020, by country, Trade value of water exported from the United States in 2020, by leading country (in million U.S. dollars), Volume of U.S. water exports 2020, by country, Trade volume of water exported from the United States in 2020, by leading country (in million liters), Sales of the leading bottled still water brands in the U.S. 2022, Sales of the leading bottled still water brands in the United States in 2022 (in million U.S. dollars), Key brands' market share of bottled still water in the U.S. 2022, Market share of the leading bottled still water brands in the United States in 2022, based on sales, Sales of the leading bottled sparkling water brands in the U.S. 2021, Sales of the leading seltzer, bottled sparkling/mineral water brands of the United States in 2021 (in million U.S. dollars), Key brands' market share of bottled sparkling water in the U.S. 2021, Market share of the leading seltzer, bottled sparkling/mineral water brands in the United States in 2021, based on sales, Dollar sales growth of sparkling water in the U.S. 2021, by brand, Sales value growth of sparkling water in the United States in 2021, by brand. The growing demand for natural and healthy water among consumers is driving the segment. Health Benefits of Product to Drive Sales during COVID-19 Pandemic. Fortune Business Insights says that the value of the market was at USD 12.86 billion in 2020 and is projected to reach USD 22.97 billion by 2028. Sparkling Water Market size is expected to reach US$ 82.81 Bn by 2029, at a CAGR of 12% during the forecast period. The sparkling product segment accounted for the highest revenue share of more than 72% in 2020 and is estimated to expand further at a steady CAGR from 2021 to 2028. The active principles from a variety of super fruits, herbal extracts, and other plant-based ingredients are known to not only serve the functional role of synthetic additives but also substantially increase the nutritional profiles of specialty water. For the 52 weeks ended May 17, 2020, private labels held a market share. It provides a quantitative analysis of the market size and development potential of each region in the next six years. The global sparkling water market size was valued at USD 29.71 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 12.6% from 2021 to 2028. In terms of production side, this report researches the Sparkling Water Faucet and Dispenser production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2023, and forecast to 2028. 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. North America held the largest share of over 35.0% in 2020. Feb 23, 2023 (The Expresswire) -- The Research report on " Sparkling Water Market " Growth for 2023 provides a comprehensive analysis of the industry, including revenue projections, regional. Please create an employee account to be able to mark statistics as favorites. statistic alerts) please log in with your personal account. The list of the top five brands is rounded by La Croix, Bubly, and Perrier, which held respective 13.2%, 8.5%, and 7% of the sparkling water . online dashboard trial. Consumer trends are shifting towards impulsive purchases of food and beverages. Your transaction & personal information is safe and secure. Further, it provides a complete evaluation of additives concerned in marketplace improvement in advance than and after the covid-19 pandemic. The spring bottled water segment accounted for revenue share of over 17.0% in 2016; Mineral bottled water accounted for the largest market share in 2016 and is expected to witness a CAGR of 7.3% over the forecast period. This factor mainly promotes the growth of this segment. Final Report will add the analysis of the impact of COVID-19 on this industry. Sparkling Water Market Introduction: Sparkling water contains minerals, such as calcium, magnesium, and sodium, and it is naturally carbonated. Regional market sizes, concerning products by types, by application, and by players, are also provided. The Global Sparkling Water Market was estimated to be valued at $29.71 billion in 2020. We are happy to help. The report provides qualitative and quantitative insights on the functional water industry and detailed analysis on the market size & growth rate for all possible segments in the market. The report also includes company description, major business, Sparkling Water product introduction, recent developments and Sparkling Water sales by region, type, application and by sales channel. It provides a quantitative analysis of the market size and development potential of each market segment in the next six years. This will assist the users to be attentive and make informed decisions related to business. b. Apart from business strategies, the study includes current developments and key financials. The hypermarket and supermarket and convenience stores together held a significant share in 2020. The report will incorporate these insights. We use cookies to enhance your experience. The rising consumer interest in health and wellness has put a spotlight on functional nutrition. liability for the information given being complete or correct. Which distribution channel is expected to dominate the global market? Flavored caffeinated sparkling water held the largest share of 85.4% in 2020. Portfolio expansion, i.e., new product development, remains one of the most preferred strategies by key market players worldwide. Their social media handles are filled with images of athletes (runners, swimmers, skaters, tennis players), and their cans feature striking and elegant animal prints. Sparkling water market - Key market driver analysis. People are better able to buy bulk food and other groceries in supermarkets. This new sparkling beverage has no carbohydrates, sweeteners, or sodium, and has a unique flavor of the hibiscus flower. Sparkling water is generally just water infused with pressurized carbon dioxide. functional beverages and bottled water both of these sectors exhibit strong dominance of key global brands intensely seeking the consolidation of the overall market. Consumers are looking for dietary solutions to solve stress, lethargy, and weakened immunity because of their hectic lifestyles.
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sparkling water market share