Get a Sample PDF of report: https://www.360marketupdates.com/enquiry/request-sample/22380166. In 2021, the global top five players had a share approximately % in terms of revenue. 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. We live in purgatory: My wife has a multimillion-dollar trust fund, but my mother-in-law controls it. Access to this and all other statistics on 80,000 topics from, Show sources information Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. Request a Free sample to learn more about this report. As consumers are seeking sparkling water with added benefits, manufacturers are trying to launch new variants of the product with caffeine in it. Which is the leading segment based on ingredient in the functional water market? 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. 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. This report segments the global Sparkling Water market comprehensively. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. It's also known as seltzer. This market covers all packaged still, sparkling and flavoured water. Copyright 2023 MarketWatch, Inc. All rights reserved. To know how our report can help streamline your business, Speak to Analyst, Supermarkets/Hypermarkets to Dominate owing to Growing Trend of Impulse Grocery Buying. By Type (, Unflavored, Fruit-flavored). In addition to these mentioned factors, it encompasses several other factors that have contributed to the market's growth in recent years. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Specialists have also laid their focus on the upcoming business prospects. online dashboard trial. To analyze the Sugar-Free Sparkling Water with respect to individual growth trends, future prospects, and their contribution to the total market. The global sparkling water market is projected to grow at a CAGR of 9.28%, from a market size of US$2,134.246 million in 2020 to a market size of US$3,973.293 million by 2027. They have additional health benefits, and these benefits can range from increased energy to hydration and probiotic energy. Report moreover done a pastel evaluation within the business enterprise to study key influencers and boundaries to entry. 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. 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. The developed market of North America is a clear leading region for functional ingredients added water sales owing to its robust growth in the U.S. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. For instance, in 2020, Ocean Spray Cranberries, Inc., an American-based company, launched B1U, a new series of functional beverages made with simple ingredients and in recyclable packaging. Frequency of water consumption worldwide 2017, by country, U.S. consumer beverage preference during the Super Bowl 2017, Manufacturing: Beverage & Tobacco Products in the U.S. 2022 - Industry Insights & Data Analysis, Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022. This statistic is not included in your account. 6. The growing interest among individuals in drinks providing a pleasurable bubbly sensation is driving the demand for sparkling water in the forecast period. 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. These advertisements highlight the quality and hydration benefits of the product, and also emphasize taste and convenience. The growing consumer preference for sparkling water over sodas and sugary carbonated drinks is projected to drive the market over the forecast period. Further, it provides a complete evaluation of additives concerned in marketplace improvement in advance than and after the covid-19 pandemic. Europe accounted for a significant share in 2020. Feb 09, 2023 (The Expresswire) -- Caffeinated sparkling water is calorie- and sugar-free but contains added caffeine to boost energy levels. Thank you!, I recommend Fortune Business Insights for their honesty and flexibility. The shift in consumers shopping behavior is one of the major factors driving sales through the online channel. Nonetheless, the utilization of novel ingredients is gaining traction. This report also outlines the market trends of each segment and consumer behaviors impacting the Sparkling Water market and what implications these may have on the industry's future. The sparkling water market competitive landscape provides details by competitor. At what CAGR is the functional water market projected to grow in the forecast period (2021-2028)? Benefits such as improved intake, better digestion, and enhanced bone and heart health are influencing consumers to drink sparkling water. Chart. We value your investment and offer free customization with every report to fulfil your exact research needs. Chapter 5: Provides the analysis of various market segments according to product type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. Natural/mineral sparkling water held the largest share of more than 60.0% in 2020. Chapter 2: Detailed analysis of Sparkling Water manufacturers competitive landscape, price, output and revenue market share, latest development plan, merger, and acquisition information, etc. Sparkling Water Market2023 | with CAGR 10.66 Persent stands refers to the average rate at which an investment or market grows over a specified period. After COVID-19, consumers have become more anxious, and they have started giving priority to immune health. Additionally, the Sparkling Water market report highlights various market growth plans, technological advancements, gross-margin analysis, and country-level and regional-level data, providing a comprehensive understanding of the current and future market situation. The global impact of COVID-19 has been significant, with functional water products witnessing an increasing demand across all regions amid the pandemic. The caffeinated segment is projected to register the fastest CAGR of 12.6% from 2021 to 2028. This study provides information about the sales and revenue during the historic and forecasted period of 2016 to 2027. Is there a problem with this press release? Business Solutions including all features. Along with this, the report provides an elaborative analysis of the market dynamics and competitive landscape. Hence, several consumers consider carbonated water as a healthier alternative to soda and sugary carbonated drinks. Available: https://www.statista.com/statistics/252421/market-share-of-leading-bottled-sparkling-water-brands-in-the-us/, Market share of the leading seltzer, bottled sparkling/mineral water brands in the United States in 2021, based on sales, Available to download in PNG, PDF, XLS format, Volume of bottled water sold in the U.S. 2010-2021, Volume growth of bottled water in the U.S. 2007-2020, Leading vendors of bottled water in the U.S. 2020, based on sales, Volume of U.S. water imports 2020, by country, Value of U.S. water imports 2020, by country, Value of U.S. water exports 2020, by country, Volume of U.S. water exports 2020, by country, Key brands' market share of bottled sparkling water in the U.S. 2021, Dollar sales growth of sparkling water in the U.S. 2021, by brand, Bottled water market: volume growth by country 2011, Bottled water market: volume share in Western Europe by country 2011, Packaged water: global market value share 2015, by category, Bottled water market: volume share worldwide 2015-2020, by country, Bottled water market: volume in Western Europe 2006-2011, Segment growth of bottled water in the U.S. 2015, Bottled water market: volume share worldwide by type 2006-2011, Sparkling and mineral water dollar sales in U.S. c-stores 2021, by brand, Sparkling and mineral water unit sales in U.S. c-stores 2021, by brand, Sparkling water retail sales value in South Korea 2012-2016, Sparkling water sales in convenience stores in South Korea 2014-2016, Top bottled water brand market share in China 2018, Bottled water retail sales growth in China 2014-2019, Retail sales value of sparkling unflavored bottled water in China 2011-2019, Sparkling water sales in independent grocers in South Korea 2014-2016, Per capita consumption of flavored water in the U.S. 2010-2022, Bottled water market in the United States, Non-alcoholic beverages and soft drinks in the United States, Find your information in our database containing over 20,000 reports, Perrier was ranked as the fifth leading bottled sparkling water brand, per capita consumption of bottled water in the United States. Some of the prominent players reviewed in the research report include: Get Sample Copy of Sparkling Water Market Report. Chapter 9: Analysis of sales channel, distributors and customers. Based on our analysis, the market exhibited a growth of 8.33% in 2020 than the average year-on-year growth during 2017-2019. It is available in many flavors and is devoid of sugar content and many other additives, unlike soda water. Evolving dietary consumption pattern is a key market trend. Which region is expected to hold the highest share in the market? For more details, please read our privacy policy. The growth of this segment is attributed to rising consumer demand for different flavors such as berry, orange, cucumber, and lemon. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. As soon as this statistic is updated, you will immediately be notified via e-mail. Free business intelligence platform with subscription, 4. All rights reserved. Mandarin Orange Cream Popsicles Pureed mandarins, creamy greek yogurt and . For instance, in February 2021, PepsiCo, Inc. introduced five new caffeinated sparkling water flavors, namely mango passion fruit, blood orange grapefruit, triple berry, blueberry pomegranate, and citrus cherry flavors, under its bubbly brand. 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. We know where we will be getting business intelligence from in the future., Thank you for sending the market report and data. Functional ingredients enriched water sales are thus benefiting from the overarching consumer trend to better-for-your alternatives such as unnatural and high-sugar drinks. Its capability to help decrease the intake of sugar upsurges the consumption of the product as it helps to prevent consumers against diabetes. 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. The growth of this segment is attributed to rising consumer demand for different flavors such as berry, orange, cucumber, and lemon. The market in South America is expected to grow strongly, driven by strong demand for flavored, hygienic, and clean drinking water in the region. For instance, in May 2019, National Beverage Corp. launched a new flavor, Hi-Biscus! The growing demand for natural and healthy water among consumers is driving the segment. You can also contact MarketWatch Customer Service via our Customer Center. To use individual functions (e.g., mark statistics as favourites, set At the same time, regulations are being put in place across Asia Pacific to reduce the amount of sugar in beverages. Global Sparkling Water Market Report (119 Pages) offers unique and essential statistics, data, information, trends, and competitive landscape details for this specific industry sector.
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