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Global Sparkling Water Market size was valued at USD 29.41 billion in 2021 and is poised to grow from USD 33.1 billion in 2022 to USD 75.49 billion by 2030, growing at a CAGR of 12.5% in the forecast period (2023-2030).
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Global Sparkling Water Market Size, Share, Growth Analysis, By Product, By Packaging- Industry Forecast 2023-2030
Global Sparkling Water Market Insights Global Sparkling Water Market size was valued at USD 29.41 billion in 2021 and is poised to grow from USD 33.1 billion in 2022 to USD 75.49 billion by 2030, growing at a CAGR of 12.5% in the forecast period (2023-2030). People all around the world are gradually switching to healthy and cutting- edge drinks, including sparkling water, due to the growing trend of living a healthy lifestyle among all age groups. Over the course of the forecast period, the market is expected to rise as consumers increasingly prefer sparkling water to sodas and other sweet carbonated beverages. A considerable decrease in the commercial demand for sparkling water was observed during the first few months of the Covid-19 outbreak since the bulk of public spaces and workplaces were closed. However, widespread home isolation measures have increased demand for bottled water, including sparkling water, among households all throughout the world. The market has benefited as a result of the increase in production capacity among bottled water companies, according to the International Bottled Water Association (IBWA). The annual growth rate for consumption of sparkling water has been 34.06% in the year 2021. Each year, people drink sparkling water 1.27 times on average. Get a complete overview of Sparkling Water Market https://www.skyquestt.com/report/sparkling-water-market Global Sparkling Water Market Segmental Analysis The global sparkling water market is subdivided into three categories namely product, distribution channel, packaging, and region. Based on
product the market is sub-segmented into flavoured and unflavoured sparkling water. Based on distribution channels, the market is subdivided into online and off-line. On the basis of packaging, it is bifurcated into bottles and cans. Based on region, the market is segmented into North America, Latin America, Europe, Mea, and Asia Pacific. Analysis by Product In 2021, the flavoured category held the biggest market share. Flavored sparkling water is included in the flavoured sector. Sparkling water with flavors is becoming more popular as consumers discover their personal tastes. Lime, grapefruit, cranberry, orange, and other flavors are some of the most popular flavors consumed worldwide. People in the millennial and Gen Z generations want flavor profiles that are exciting, bold, and memorable. The Gen Z and millennial generations can associate their personalities to a particular flavor or a combination of flavors thanks to flavor-enhanced sparkling water. In order to draw in a broader customer base, market participants are concentrating on providing unique flavor profiles. Because of this, this market is anticipated to expand over the next few years. Top Player's Company Profiles • Nestle. S.A The coca – cola company • PepsiCo, Inc. • Danone S.A. • Keurig Dr Pepper Inc. • S. Pellegrino • Sanpellegrino S.p.A • Perrier • Topo Chico •
LaCroix • Gerolsteiner Brunnen GmbH & Co. KG • •Voss of Norway ASA •Ferrarelle SpA •Icelandic Glacial Inc. •Whole Foods Market Inc. •Talking Rain Beverage Company, Inc. •Crystal Geyser Water Company •Poland Spring •VOSS Water •Evian About Us: Sky Quest Technology is leading growth consulting firm providing market intelligence, commercialization, and technology services. It has 450+ happy clients globally. Address: 1 Apache Way, Westford, Massachusetts 01886 Phone: USA (+1) 617-230-0741 Email:sales@skyquestt.com Sky Quest