Each license type allows a set number of users to access the report. The global Sparkling Water market is expected to grow significantly by 2027 expanding at a reasonable CAGR of around 11% during the forecast period (2021-2027). Innovative Product Development Efforts by Manufacturers to Drive Market Growth. This new sparkling beverage has no carbohydrates, sweeteners, or sodium, and has a unique flavor of the hibiscus flower. HAVE A QUESTION? Chapter 3: Production/output, value of Sparkling Water by region/country. That is why different water brands have different tastes as per their bottling sources. The growth rate of the Global Sparkling Water Market is 12.6%, with an estimated value of $76.95 billion by 2028. 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. However, widespread home isolation orders have spurred the demand for bottled water of various kinds among households across the globe, including sparkling water. Choose reports from a database of more than 10,000 reports. We live in purgatory: My wife has a multimillion-dollar trust fund, but my mother-in-law controls it. Drawing on insights from the IndexBox market report, we'll take a closer look at what's driving growth and innovation in . To use individual functions (e.g., mark statistics as favourites, set The sparkling water market [compound annual growth rate] (CAGR) from 2015-2019 was 15.8% compared to 5.8% for still water." When it comes to healthy hydration, bottled water, flavored still and sparkling waters, and enhanced waters are in high demand because of the healthy hydration they provide on the go. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world. Copyright 2023 MarketWatch, Inc. All rights reserved. online dashboard trial. The ideal entry-level account for individual users. Together with the optimistic revenue projections. Moreover, the easy availability of this product across distribution channels is anticipated to boost the growth of this segment. The readers will also get their hands on the revenue and sales data of each region and country for the period 2017-2028. The shift in consumers shopping behavior is one of the major factors driving sales through the online channel. Request a Free sample to learn more about this report. Sparkling Water Market Size Worth $55.3 Billion by 2028 at 11.7% CAGR, COVID-19 Impact and Global Analysis by The Insight Partners What you need to know from Costco's earnings call. Is there a problem with this press release? We live in purgatory: My wife has a multimillion-dollar trust fund, but my mother-in-law controls it. It additionally affords the proper insights and evaluation which are crucial to layout powerful commercial enterprise techniques and set the proper direction for improved boom for all enterprise gamers involved. b. Key players are launching new products in the market in accordance with the demands of health-conscious consumers. As per U.S. Food and Drug Administration (FDA), Sparkling mineral water is . It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term. In addition to eating correctly, consumers are increasingly aware of the importance of drinking correctly. The online distribution channel is expected to register the fastest growth rate of 13.3% from 2021 to 2028. Currently, you are using a shared account. Along with this, the report provides an elaborative analysis of the market dynamics and competitive landscape. The sparkling water market is expected to grow from US$ 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. It provides a quantitative analysis of the market size and development potential of each market segment in the next six years. Health Benefits of Product to Drive Sales during COVID-19 Pandemic. Flavored sparkling water costs around US$ 1.72 and normal or unflavoured costs around US$ 0.70, which has positively impacted the demand of the plain market. Sparkling Water Market was valued at USD 32.03 billion in 2021 and is expected to reach USD 58.41 billion by 2029, registering a CAGR of 7.80% during the forecast period of 2022-2029. This website is secure and your personal details are safe. Further, it provides a complete evaluation of additives concerned in marketplace improvement in advance than and after the covid-19 pandemic. Proliferating Demand for Fortified Beverage to Support Market Growth. Clicking on the following button will update the content below. Supermarket/Hypermarkets is expected to be the leading distribution channel for the sales of the product. b. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. Functional ingredients added water continues on a solid growth trajectory and, in fact, grew rapidly in the first half of 2020. These launches are increasing product visibility in the market and are anticipated to boost the market growth over the forecast period. Natural/mineral sparkling water held the largest share of more than 60.0% in 2020. This will assist the users to be attentive and make informed decisions related to business. Published by Statista Research Department , Oct 7, 2016 This statistic shows the sales value of sparkling water in the United States from 2015 to 2016, and provides a forecast until 2021. Key companies in the Global Sparkling Water Market include Talking Rain, Nestl, PepsiCo, Inc., Keurig Dr Pepper Inc., The Coca, Cola Company, SANPELLEGRINO S.P.A, Danone S.A. and RHODIUS Mineralquellen und Getrnke GmbH & Co. KG. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Key global players, recent developments & their impact on the industry, 1. The botanical ingredients are associated with immune support as well as another possible physical, mental and emotional attributes. Show publisher information The market is likely to grow from USD 13.80 billion in 2021 to USD 22.97 billion in 2028 at a CAGR of 7.55% during 2021-2028. Chart. What is the sparkling water market growth? Its capability to help decrease the intake of sugar upsurges the consumption of the product as it helps to prevent consumers against diabetes. This product is a market research report. The growth of this segment is attributed to rising consumer demand for different flavors such as berry, orange, cucumber, and lemon. The most important key figures provide you with a compact summary of the topic of "Bottled water market in the United States" and take you straight to the corresponding statistics. This is due to the dominance of plain or unflavoured sparkling water due to its lower price range. Whats our next move? functional beverages and bottled water both of these sectors exhibit strong dominance of key global brands intensely seeking the consolidation of the overall market. Sparkling Water market was valued at USD 49582.82 million in 2022 and reaching USD 91059.83 million by 2028.. Measure the growth data collected through surveys, focus groups, secondary sources or other methods. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. Availability of Substitutes Including Energy and Sports Drinks to Hamper Market Growth. Free upgrade to enterprise license (allows to share across all company locations), 5. Looking forward to work together in the future, It has been a delightful experience working with you guys. HVAC (Heating, Ventilation, & Air Conditioning), Sparkling Water Market Analysis Report - Industry Size, Trends, Insights, Market Share, Competition, Opportunities, and Growth Forecasts by Segments, 2022 to 2029, Alcoholic Infused Sparkling Water Market Analysis Report - Industry Size, Trends, Insights, Market Share, Competition, Opportunities, and Growth Forecasts by Segments, 2022 to 2029, Bottled Water Market Size, Share & Trends Analysis Report by Product (Spring Water, Purified Water, Mineral Water, Sparkling Water), by Distribution Channel (On-trade, Off-trade), by Region, and Segment Forecasts, 2022-2030, Alcoholic Sparkling Water Market Outlook in 2023 and Beyond: Market Size, Market Share, Growth Opportunities, Trends, Forecasts by Types, Applications and Companies to 2030, Global Sparkling Water Market - Forecasts from 2022 to 2027. For the 52 weeks ended May 17, 2020, private labels held a market share. Understanding the segments helps in identifying the importance of different factors that aid the market growth. Learn more about how Statista can support your business. 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. Visit a quote page and your recently viewed tickers will be displayed here. Use Ask Statista Research Service. Nous, Yahoo, faisons partie de la famille de marques Yahoo. Which distribution channel is expected to dominate the global market? This report segments the global Sparkling Water market comprehensively. The study is done keeping in view the changes in aspects such as demand, consumption, transportation, consumer behavior, supply chain management, export and import, and production. Business Solutions including all features. 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. 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. As consumers continue to search for complete solutions that can meet their health and wellness needs, functional beverages, especially those containing immune-enhancing ingredients, may continue to receive attention. The global sparkling water market is expected to grow at a compound annual growth rate of 12.6% from 2021 to 2028 to reach USD 76.95 billion by 2028. b. Natural/mineral sparkling water contributed to the highest share of more than 60% in the global revenue in 2020. The increasing demand for fortified drinks with the inclusion of essential ingredients like vitamins, minerals, amino acids, and proteins is anticipated to drive the market for functional ingredients enriched water. Some of the key players operating in the sparkling water market are Nestl, 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, and RHODIUS Mineralquellen und Getrnke GmbH & Co. KG. 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. In, Beverage Industry Magazine. Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. We use cookies to enhance your experience. Addition or alteration to country, regional & segment scope. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and . 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. The fortified water drink contains 200 mg of L-theanine and 10% of the daily value of magnesium. Find your information in our database containing over 20,000 reports, U.S. bottled water sales volume amounted to approximately 15 billion gallons, four main brands generating around one billion U.S. dollars in sales each, what drives the popularity of the beverage. This graph presents the market share of the leading bottled sparkling water brands in the United States in 2020. Furthermore, over the past few years, an increase in the number of commercial advertisements for bottled water has been playing an important role in boosting brand visibility. We are happy with the professionalism of your in-house research team as well as the quality of your research reports. [Online]. Sparkling Water Market Size, Share & Trends Analysis Report by Product (Natural/Mineral, Caffeinated), by Distribution Channel (Hypermarket & Supermarket, Online), by Region, and Segment Forecasts, 2021-2028. The report offers qualitative insights on the latest trends, business developments, demand patterns, and an overview of the regional market, including the current and projected CAGR (Compound Annual Growth Rate) status, and updates on leading manufacturers. This is due to its added nutrients compared to spring water and the fact that mineral water is less processed than sparkling . 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. Am I crazy? After my mother died, my cousin took her designer purse, and my aunt took 8 paintings from her home then things really escalated, It broke me: Everyone says you need power of attorney, but nobody tells you how hard it is to use.
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