The rising consumer interest in health and wellness has put a spotlight on functional nutrition. How much is the global functional water market worth? Chapter 6: Provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets. 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. This is a very good piece of work and will be very helpful to us going forward. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. The data offered to us was exactly what we were looking for. It's also known as seltzer. Focuses on the key global Sugar-Free Sparkling Water players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years. Choose reports from a database of more than 10,000 reports. 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. 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. In, Beverage Industry Magazine. Non-alcoholic beverages and soft drinks in the United States, Get the best reports to understand your industry, Non-alcoholic beverages in the United States. 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. Proliferating Demand for Fortified Beverage to Support Market Growth. Europe accounted for a significant share in 2020. "Market share of the leading seltzer, bottled sparkling/mineral water brands in the United States in 2021, based on sales." Competitive Landscape and Sparkling Water Market Share Analysis. July 16, 2021. Europe is the second-largest market for functional ingredients enriched water. The fortified water drink contains 200 mg of L-theanine and 10% of the daily value of magnesium. liability for the information given being complete or correct. 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. Natural/mineral sparkling water held the largest share of more than 60.0% in 2020. "Market Share of The Leading Seltzer, Bottled Sparkling/Mineral Water Brands in The United States in 2021, Based on Sales. The global sparkling water market size is expected to reach USD 76.95 billion by 2028 and is expected to expand at a CAGR of 12.6% with the natural/mineral segment holding the largest share of . Micronutrient Segment to Dominate due to Growing Consumer Inclination towards Natural Ingredients. 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 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. Please do not hesitate to contact me. As consumers are seeking sparkling water with added benefits, manufacturers are trying to launch new variants of the product with caffeine in it. According to the International Bottled Water Association (IBWA), bottled water businesses have boosted their production capacity to cater to this surge in demand, which, in turn, has benefitted the market. 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. Sparkling Water Market Size is anticipated to reach USD 77 Billion by 2030, registering a CAGR of 12.5% during 2022-2030. 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. Proliferating demand for fortified beverage is a key factor that drives the markets growth. 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. This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2028. Functional beverages as a whole have robustly emerged as a preferred drink over soft drinks due to lower sugar content and lack of synthetic additives such as colors, flavors, and preservatives. An Infographic Representation of Functional Water Market, To get information on various segments, share your queries with us. Which distribution channel is expected to dominate the global market? 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. Benefits such as improved intake, better digestion, and enhanced bone and heart health are influencing consumers to drink sparkling water. The latest growing trend in this market is the rising demand for water fortified with minerals, vitamins, antioxidants, and more. This study bestows production and revenue data by type, and during the historical period and forecast period. This graph presents the market share of the leading bottled sparkling water brands in the United States in 2020. We know where we will be getting business intelligence from in the future., Thank you for sending the market report and data. This factor mainly promotes the growth of this segment. 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. What are the factors driving the sparkling water market. Each license type allows a set number of users to access the report. 6. Short Summery About Sparkling Water Market: The global Sparkling Water market size was valued at USD 49582.82 million in 2022 and is expected to expand at a CAGR of 10.66 Persent during the forecast period, reaching USD 91059.83 million by 2028.The sparkling water is a form of non-Alcohlic beverage available as carbonated water. Product Movement Analysis & Market Share, 2020 & 2028, 6.1. The rise in CAGR is attributable to this markets demand and growth, returning to pre-pandemic levels once the pandemic is over. Health Benefits of Product to Drive Sales during COVID-19 Pandemic. Please create an employee account to be able to mark statistics as favorites. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. Feb 09, 2023 (The Expresswire) -- Manufacturers are launching products with claims that go beyond vitamin-enhanced hydration, capitalizing on the popularity of fortified waters. 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. The hypermarket and supermarket and convenience stores together held a significant share in 2020. Feb 23, 2023 (The Expresswire) -- 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. Bottled Water in Denmark by Mintel Market Sizes provides you with annual year-end market size data, most recently updated in 2019. North America is expected to hold the highest market share. Privacy Policy. The global Sparkling Water market size was valued at USD 49582.82 million in 2022 and is expected to expand at a CAGR of 10.66 Persent during the forecast period, reaching USD 91059.83. We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities. This website uses cookies to ensure you get the best experience. We earn $400,000 and spend beyond our means. Supermarket/Hypermarkets is expected to be the leading distribution channel for the sales of the product. Key factors that are driving the sparkling water market growth include increasing consumer preference for healthy alternatives for carbonated and other types of sugary soft drinks, and new product launches on a global level. The growth rate of the Global Sparkling Water Market is 12.6%, with an estimated value of $76.95 billion by 2028. In addition to these mentioned factors, it encompasses several other factors that have contributed to the market's growth in recent years. Explore purchase options. 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. Market share of the leading seltzer, bottled sparkling/mineral water brands in the United States in 2021, based on sales [Graph]. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. mesurer votre utilisation de nos sites et applications. Get a Sample PDF of report: https://www.360marketupdates.com/enquiry/request-sample/22380166. The emergence of sports drinks, energy drinks, and health drinks paved the way for the entire function-specific beverage movement. Global Sparkling Water Market Report (119 Pages) offers unique and essential statistics, data, information, trends, and competitive landscape details for this specific industry sector. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. This report segments the global Sparkling Water market comprehensively. The global functional water market size was USD 12.86 billion in 2020 and is projected 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. Asia Pacific market for functional water is also set to experience a significant growth rate as consumers are becoming increasingly aware of the benefits of specialty offerings. b. Innovative Product Development Efforts by Manufacturers to Drive Market Growth. In Asian region, Thailand, Malaysia, Sri Lanka, and the Philippines have introduced a sugar-sweetened beverage (SSB) tax in the past two years, while several other countries, including Vietnam, Australia, New Zealand, and Singapore, have also introduced a sugar-sweetened beverage. This product is a market research report. 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. The Global Sparkling Water Market was estimated to be valued at $29.71 billion in 2020. This acquisition has widened Keurig Dr Peppers water portfolio and through this acquisition, the company entered the caffeinated sparkling water market. The global sparkling water market is projected to grow at a CAGR of 12. . This product is a market research report. Share article Citrus-ly Good Recipes! Nonetheless, the utilization of novel ingredients is gaining traction. Currently, you are using a shared account. This report has studied every segment and provided the market size using historical data. The market is growing, owing to innovative product launches by companies and rising consumer inclination towards the product. Danone S.A., The Coca-Cola Company, PepsiCo Inc., and Nestle S.A. are some of the top players in the market. Understanding the segments helps in identifying the importance of different factors that aid the market growth. Your transaction & personal information is safe and secure. The sparkling bottled water market in the United States is. The market is likely to experience moderate growth to record a CAGR of 3.2% throughout the forecast period 2022 - 2027. In addition, due to the increasing standard of living, many people switch from carbonated water to functional ingredients added water. By Type (, Unflavored, Fruit-flavored). Consumer trends are shifting towards impulsive purchases of food and beverages. Show publisher information The product is a PDF. If you are an admin, please authenticate by logging in again. North America led the global sparkling water market and held the largest share of over 35.0% in 2020. b. Business Solutions including all features. ", Beverage Industry Magazine, Market share of the leading seltzer, bottled sparkling/mineral water brands in the United States in 2021, based on sales Statista, https://www.statista.com/statistics/252421/market-share-of-leading-bottled-sparkling-water-brands-in-the-us/ (last visited March 04, 2023), Market share of the leading seltzer, bottled sparkling/mineral water brands in the United States in 2021, based on sales [Graph], Beverage Industry Magazine, July 16, 2021. 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. For instance, in January 2020, Keurig Dr Pepper Inc. acquired Limitless, a U.S.-based caffeinated sparkling water company. Moreover, the bundling strategy and economical pricing are responsible for higher sales of functional ingredients added water among supermarkets. Consumers look for better-for-you alternatives to carbonated soft drinks (CSDs), and the innovation in flavor is driving the functional ingredients enriched water category's success. We are GDPR and CCPA compliant! 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; Caribou Coffee Operating Company, Inc.; Hiball; RHODIUS Mineralquellen und Getrnke GmbH & Co. KG; AQUA Carpatica; Northwest Coffee; Volay Brands, LLC; WakeWater Beverage Co.; Big Watt Cold Beverage Co. Free report customization (equivalent up to 8 analysts working days) with purchase. This can be seen in the rising demand for beverages that contain ingredients with health and wellness value. Avail customized purchase options to meet your exact research needs. High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. People are better able to buy bulk food and other groceries in supermarkets. "The quality of research they have done for us has been excellent.". Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. Based on the category, plain is expected to dominate the market over the forecast period. Convenience stores help consumers on the go stay hydrated, and with consumers increasingly looking for healthier options, there are plenty of opportunities to promote and grow sales of functional ingredients added water. Sparkling Water Market - Competitive and Segmentation Analysis: This Sparkling Water Market report offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2017-2023. This is foreseen to bode well for the regional market in the coming years. Use Ask Statista Research Service. Our studies analysts will assist you to get custom designed info to your report, which may be changed in phrases of a particular region, utility or any statistical info. Consumer health and improved brand awareness have led to an increase in demand for premium bottled water. Sparkling Water Market Size, Share & Trends Analysis Report By Product (Natural/Mineral, Caffeinated), By Distribution Channel (Hypermarket & Supermarket, Online), By Region, And Segment Forecasts . For the purpose of this study, Grand View Research has segmented the global sparkling water market report on the basis of product, distribution channel, and region: Product Outlook (Revenue, USD Million, 2016 - 2028), Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028), Regional Outlook (Revenue, USD Million, 2016 - 2028). A paid subscription is required for full access. Sparkling Water Market Introduction: Sparkling water contains minerals, such as calcium, magnesium, and sodium, and it is naturally carbonated. All rights reserved. Total U.S. sales through supermarkets, drug stores, gas and convenience stores, mass merchandisers, military commissaries and select club and dollar retail chains for the 52 weeks ended May 16, 2021. The various benefits that sparkling water is providing include helping to stay hydrated longer, reduce weight, maintain blood pressure, and others. 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. Vous pouvez modifier vos choix tout moment en cliquant sur le lien Tableau de bord sur la vie prive prsent sur nos sites et dans nos applications. Whats our next move? The Research report on Sparkling Water Market Growth for 2023 provides a comprehensive analysis of the industry, including revenue projections, regional growth opportunities, business strategies, product offerings, and end-user analysis. b. 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.
