The global tonic water market size was valued at USD 1.72 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.2% from 2022 to 2030.
Market Overview
The research firm Contrive Datum Insights has just recently added to its database a report with the heading global Tonic Water Market .Both primary and secondary research methodologies have been utilised in order to conduct an analysis of the worldwide Tonic Water Market . In order to provide a comprehensive comprehension of the topic at hand, it has been summed up using appropriate and accurate market insights. According to Contrive Datum Insights, this worldwide comprehensive report is broken up into several categories in order to present the data in a way that is understandable, succinct, and presented in a professional manner. The size of the global tonic water market is expected to reach $3.73 billion by 2030, with a CAGR of 7.1%. Tonic water, which is also called “”Indian tonic water,”” is a drink made by dissolving quinine in water. Customers like tonic water more and more, even though it tastes bitter because it has quinine in it and more and more people want to use modifiers.
The story goes that tonic water was used for the first time because it could prevent and treat malaria. The active ingredient is an alkaloid found in the bark of the cinchona tree. It is used to treat a wide range of illnesses. Also, it is thought that the quinine in tonic water can help treat muscle spasms. At the moment, most tonic waters have less quinine than medical formulations. Flavors are added to make the taste less intensely sour, but they are still mostly used for their taste and not for their medicinal value. Some of the other reasons for this growth are that tonic water is added to margaritas to make them taste better and that its strong flavor helps people who are thirsty feel better. Also, children, teens, and young adults are drawn to the way tonic water sparkles when exposed to ultraviolet light. Since quinine reacts to ultraviolet light, the quinine in tonic water makes it look fluorescent when it is in direct sunlight. Due to its health benefits and use in making cocktails, the market is likely to grow steadily over the next few years. During the forecast period, makers of tonic water are likely to add more flavors to their products. The report has everything you need to know about the analysis and strengths of the global tonic water market. The report also has the top of dynamics, segmentation, major players, regional analysis, and other important parts. The report also has a detailed look at how the tonic water market will look in 2030.
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Segment Analysis
It encompasses the most important key players in the world’s various regions and contains them. In this research report, several different techniques that high-level industries have utilised to achieve their goals are discussed. In order to obtain a more in-depth analysis of a number of different businesses, player profiles of the most important top players have been developed. It is beneficial to have an understanding of the worldwide competition on both the domestic and international platforms.
It provides a detailed description of the drivers and opportunities in the Tonic Water Market , which assists current customers and potential customers in gaining a clear vision and making decisions that are most effective for them. In order to discover the desired facts regarding the target market, various types of analysis models, such as Tonic Water Market , are utilised. In addition to this, it includes a variety of different techniques for strategic planning, which encourages the way to define and develop the framework of the various industries. In 2021, 70% of the market was made up of regular tonic water, which was the product that led the market. Tonic water is becoming more popular because it has added sugar and a lot of different flavors. It is also easy to get. A CAGR of 8.6% is expected for diet tonic water over the next few years. The market is likely to grow because more people are buying low-calorie and sugar-free products. The growth of the market is expected to be driven by the introduction of a wide range of products and the rise in popularity of healthy lifestyles, as well as artificial sweeteners that taste sweet without sugar. In 2021, hypermarkets and supermarkets made up 51% of the market in terms of how they sold their products. The most tonic water is sold in hypermarkets and supermarkets, and the market is growing because consumers are buying more and there are more kinds of tonic water to choose from. In 2021, bottles had a 53% share of the market when it came to packaging. It has always been the most common and usual way. There are different sizes and kinds of materials for bottles. Glass bottles are getting more and more popular. These things are making the market for this segment grow.
On the Basis of Type:
- Regular Tonic Water
- Diet Tonic Water
- Slimline Tonic Water
By Packaging
- Bottles
- Cans
On the Basis of Application:
- Alcoholic Drinks
- Direct Consumption
By Distribution Channel
- Hypermarkets, Supermarkets & Convenience Stores
- On-trade
- Online
- Others
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Regional Analysis
With a share of more than 30.0% in 2019, North America is the biggest market for tonic water. The United States and Canada buy the most tonic water, which gives the North American market a lot of opportunities. Also, these two countries drink a lot of gin, and the number of people drinking tonic water is going up. Demand for tonic water in the area is going up because more people are drinking liquor.
As binge drinking becomes more common in the United States, tonic water sales are likely to rise over the next few years. According to the 2019 National Survey on Drug Use and Health (NSDUH), nearly 25.8% of people over 18 (29.7% of men and 22.2% of women) said they drank too much alcohol in 2019. The global Tonic Water market has been looked at in different parts of the world, like North America, Europe, Asia-Pacific, Latin America, the Middle East, and India. In the near future, this market will be dominated by the global region.
Regional Tonic Water Market coverage (Regional Status, Demand Forecast, Country Trends, etc.):
- North America, Europe, China, Japan, Southeast Asia, India.
- North America (USA, Canada, and Mexico).
- Europe (Germany, France, UK, Russia and, Italy).
- Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).
Key segments covered in the Tonic Water Market include:
- Tonic Water Market Growth Drivers and Barriers.
- Market Trends, Market Opportunities, Porter’s Five Forces Analysis.
- Market Overview, Industry Development, Market Maturity, Value Chain Analysis.
- Regional and Country Level Analysis.
- Trends and Forecasts for Market Segments.
- Market Analysis and Various Recommendations.
- Key market forces.
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This report will be customized to your needs for additional data up to 5 companies or 5 countries or nearly 40 analyst hours.
https://www.contrivedatuminsights.com/product-report/tonic-water-market-28580Key Market Participants in the Tonic Water Market :
Fever-Tree (UK), Dr. Pepper Snapple Group (US), SodaStream International Ltd. (Israel), A.S. Watson Group (China), Fentimans (UK), Seagram Company Ltd. (Canada), White Rock Beverages (US), Hansen Beverage Company Inc. (US), Stirrings (US), East Imperial (New Zealand), and others.
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