Tonic Water Market Dynamics :
Rising intake of alcoholic beverages and strong preference of the consumers and established a strong preference for first-class spirits and are willing to spend money is driving the market growth of the market.
Tonic Water Market : size was valued at US$ 2.1 Billion . in 2021 and the total revenue is expected to grow at 6.90% through 2021 to 2027, reaching nearly US$ 3.0 Billion.
Market Scope:
Tonic water is a soft drink, a flavored syrup mixed with carbonated water. Its ingredients vary by brand. Tonic water is generally used as a drink mixer for cocktails, especially gin and tonic. Quinine in tonic water’s defining ingredient and the reason it glows under a black light. 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. Tonic water contains 83 mg of quinine per liter with exceptional medicinal effects.
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Segmentation :
By Product, Regular tonic water dominated the market with market share of 70 % in 2021. It has added sugar and a wide range of flavors and the availability are the factors driving the market growth of tonic water. Diet tonic water is expected to grow at a CAGR of 8.6 % through the forecast period. Increasing low-calorie products and sugar-free products popularity is expected to drive the market growth. Introduction of a wide range and adoption of a healthy lifestyle, artificial sweeteners which offer sweet taste without sugar are the factors expected to drive the market growth through the forecast period.
Key Players:
• Asahi Group Holdings, Ltd.
• Hansen Beverage
• Bradleys Tonic Co.
• DR. PEPPER SNAPPLE
• EAST IMPERIAL
• FRANKLIN & SONS LTD.
• LONDON ESSENCE COMPANY
• THOMAS HENRY GMBH & CO. KG
Primary and secondary research are used to locate industry giants, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth consultation with various opinion leaders and industry professionals such as experienced front-line employees, CEOs, and marketing professionals. Secondary research included a summary of the renowned manufacturers’ annual and financial reports. Secondary sources are utilized to compute percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using primary data. The following are a few companies working in the Tonic Water industry.
Regional Analysis:
The Tonic Water study delves into the geographic analysis, which is further subdivided into sub-regions and nations. This portion of the research includes profit estimates as well as market share data for each nation. This section of the research goes through each region’s and country’s share and growth rate during the projected time period.
After examining political, economic, social, and technological aspects impacting the Tonic Water market in various areas, the research delivers a definitive PESTEL analysis for all five regions, including North America, Europe, Asia Pacific, the Middle East, Africa, and South America.
Key Questions Answered in the Tonic Water Market Report are:
- What is the market potential for Tonic Water ?
- Which regional market will emerge as a leader in the next years?
- Which application category will see rapid growth?
