Global Tonic Water Market Overview
The Global Tonic Water Market was valued around at US $2 Billion in the year 2019, and is projected to reach $XX Billion by the year 2026, growing at a CAGR of 7% during the forecast period.
The report covers the detailed analysis of the Global Tonic Water industry with the classifications of the market on the basis of Product, Distribution Channel, and region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player's contribution in it.
Global Tonic Water Market Introduction
Global Tonic Water Market by Product
Tonic Water is a carbonated soft drink in which quinine is dissolved. Tonic water is generally used as drink mixer for cocktails, especially gin and tonic. Tonic water with lemon or lime juice added is known as bitter lemon or bitter lime, respectively.
Tonic water is also used as a healthy drink across the globe, due to the presence of quinine substance, which is a medication used for treating malaria and babesiosis. This specific tonic water contains 83 mg of quinine per liter with excellent medicinal effects.
Top Global Tonic Water Manufacturers
The report has profiled ten major companies in the market from different regions across the globe. Further, the report has considered all the followers, and new entrants with investors while analyzing the market and estimating the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in Asia Pacific.
Top Key Players in the Global Market for Tonic Water
• Fever – Tree
• Keurig Dr Pepper
• Q Mixers
• The Coca Cola Company
• White Rock Products Corporation
• Asahi Group Holdings Ltd.
• Hansen Beverage
• Bradleys Tonic Co.
Global Tonic Water Market Dynamics
Consumers have significantly developed a taste for premium spirits and are also willing to spend on innovate products that offer a distinct character and heritage. As a consequence, the preference for premium range of mixers has also gained traction. Resurgence of cocktail trend in the emerging economies has particularly spurred growth for the super-premium category, since bartenders are gradually mixing premium tonic water in top-tier spirit brands. In addition, socioeconomic factors such as income growth, rising middle-class consumers in developing economies and rapid urbanization generate a positive impact on the growth and consumption of alcoholic beverages, and hence mixers. In addition, with rise in young population globally, socializing is on the rise. The number of pubs, bars, and breweries serving alcoholic beverages have increased extensively owing to the demand generated by young consumers, competitive pricing, and a proliferation of options. This phenomenon has led to an increase in the consumption of spirits, thereby driving the growth of mixers, and hence tonic water.
Scope of the Global Tonic Water Market: Inquire before buying
The Global market for Tonic Water is studied under two major segments and further into sub-segments to forecast the market size by value.
Global Tonic Water Market, by Product
On the basis of Product, the Tonic Water Market is classified into –
The Regular Tonic Water accounts for the largest market share in the Tonic Water Market.
The Regular Tonic Water accounted for more than 75% share in the market, for the year 2019 and is expected to maintain its dominance during the forecast period. This rapid growth of the segment could be attributed to the wide range of products available in the market. Also, the regular tonic water comes with sugar added and a wide range of flavors, which again attracts the customers more than the dietary tonic water.
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Global Tonic Water Market by Product
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Global Tonic Water Market, by Distribution Channel
On the basis of Distribution Channel, the market is segmented into –
• Hypermarkets, Supermarkets & Convenience Stores
• On –Trade
Global Tonic Water Market by Channel
Regional Analysis of Global Tonic Water Market
• North America
• Asia Pacific
• Middle East & Africa
• South America
Asia Pacific is expected to account for the largest market share in the Global Tonic Water Market during the forecast period.
Asia Pacific is anticipated to be the fastest-growing region with a CAGR of 7.7% from 2020 to 2027. The consumption of various types of spirits such as gin, whiskey, vodka, and rum has been gradually increasing in countries like India, China, and Indonesia. The rise in the consumption of various types of alcohol is propelling the demand for tonic water in the region.
Global Tonic Water Market by region
The objective of the report is to present a comprehensive analysis of the Global Tonic Water Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Tonic Water Market dynamics, structure by analyzing the market segments and projects the Global Tonic Water Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Tonic Water Market make the report investor’s guide.
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