Product ID: SQMIG30I2183
Global Sparkling Water Market Size, Share, Growth Analysis, By Product(flavoured and unflavoured sparkling water), By Distribution channel(online and off-line), By Packaging(bottles and cans) - Industry Forecast 2024-2031
Report ID:
SQMIG30I2183 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|
Tables:
84 |
Figures:
78
Global Sparkling Water Market Insights
Sparkling Water Market size was valued at USD 29.41 billion in 2019 and is poised to grow from USD 33.1 billion in 2023 to USD 75.49 billion by 2031, growing at a CAGR of 12.5% in the forecast period (2024-2031).
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.
Owing to the company's inclusion of a number of minerals, such as sodium, magnesium, and calcium, people are moving to sparkling water as awareness of the value of living a healthy lifestyle increases. The medication also has a number of benefits, such as the ability to aid in digestion improvement and maybe treat constipation.
According to a number of studies, drinking sparkling water is not as bad for your teeth and bones as drinking soda. As a result, many consumers view carbonated water as a healthier alternative to soda and other sweet carbonated beverages. Additionally, over the past few years, a rise in the quantity of bottled water commercial commercials has significantly increased brand recognition. In addition to emphasizing taste and convenience, these adverts promote the product's high quality and benefits for hydration.
US Sparkling Water Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Sparkling Water Market Report Snapshots
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