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Tonic Water Market: Industry Size, Growth, Demand, Opportunities and Forecast

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A summary of the market’s facts, numbers, and statistics for the 2023–2030 forecast period can be found in the extensive Tonic Water Market Survey study. The research includes impressive statistics, current market trends, market conditions, technological innovation, next-generation technologies, and the advancement of technology in the relevant industry. The global keyword market size is categorized by manufacturers, kind, application, and region in relation to its value and volume. SWOT analysis was utilized to determine all of the market drivers and constraints included in the study. The Tonic Water Market Report is a valuable resource for making informed decisions about the market and attaining significant success.

An international keyword market research report highlights the sector’s major market characteristics, current state of the market, and potential future growth. Our excellent research techniques, extensive knowledge, and research instruments enable clients to investigate new avenues. With the aid of graphs, tables, and charts, all the statistics mentioned in this report are properly portrayed, resulting in the optimum user experience and comprehension. For the benefit of readers and end users, the gathered data is then verified and confirmed by industry professionals. The compelling Tonic Water Market business report’s CAGR calculations estimate fluctuations in demand, both up and down, for the specified predicted period with regard to investment.

Explore Further Details about This Research Tonic Water Market Report https://www.databridgemarketresearch.com/reports/global-tonic-water-market

Customers have established a strong taste for premium spirits and are willing to spend money on creative goods with distinct qualities and a rich history. As a result, premium-priced mixers are becoming increasingly popular due to bartenders are gradually mixing premium tonic water in top-tier spirit brands, the resurgence of the cocktail trend in emerging economies has boosted growth for the super-premium category and resulting in the rise and growth of the global tonic water market.

Data Bridge Market Research analyses that the global tonic water market was valued at USD 901.64 million in 2022, and is expected to reach the value of USD 1,456.75 million by 2030, at a CAGR of 7.2% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Market Definition

Tonic water, is a carbonated beverage that was originally consumed as a malaria preventative drink. It is made from the cinchona tree bark and contains a small amount of quinine to make it more appealing and having medicinal property.

Drivers

  • Numerous Benefits of Consuming Tonic Water

Due to the presence of quinine, a medication used to treat malaria and babesiosis, tonic water is also widely consumed as a healthy drink around the world. This tonic water contains 83 milligrams of quinine per litre and has excellent medicinal properties. Market manufacturers are now offering a diverse range of products with added sugars and flavours. These medicinal benefits of tonic water are also propelling the product’s demand on a global scale.

  • The Growing Consumption of Alcohol and Development of Additional Flavourings

The use of tonic water in margaritas as a drink enhancer and for soothing dehydration due to its strong taste. Furthermore, children, teenagers, and young adults are drawn to the sparkling effect of tonic water under ultraviolet lights. Tonic water appears fluorescent when exposed to direct sunlight because quinine is reactive to UV radiation as a result of its quinine content. Due to its use in cocktail preparations and its medicinal properties, the market is expected to grow steadily over the forecast period of 2023 to 2030.

Opportunity

  • Increasing Consumer Interest In Health-Conscious And Low-Calorie Beverages

The rising consumer interest in health-conscious and low-calorie beverages presents a lucrative opportunity for the global tonic water market. As more consumers prioritize healthier lifestyles and seek reduced-calorie options, tonic water can respond by offering low-calorie variants and positioning itself as a refreshing, guilt-free choice. This shift in consumer preferences not only expands the market’s reach but also aligns tonic water with the growing trend toward healthier beverage choices. Manufacturers can capitalize on this opportunity by introducing tonic water products that cater to health-conscious consumers, tapping into a market segment with considerable growth potential.

Recent Developments

  • In May 2021, Fentimans will introduce a new 200ml mixers and tonic range. The new 200ml mixer range, which includes Tonic Water as well as Fentimans’ iconic Ginger Beer and Rose Lemonade, will be made using Fentimans’ 100-year-old artisanal technique. Fentimans’ versatile range of coloured and flavoured tonics, suitable for pairing with a wide range of spirit categories, is also included
  • In February 2020, Love Tonic, a new mixer brand in the U.K., launched a quinine-free tonic water suitable for blending with gin, vodka, tequila, whisky, or rum

Global Tonic Water Market Scope

The Tonic Water market is segmented on the basis of product type, origin and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

  • Flavoured
  • Non-Flavoured Drinks
  • Others

Content

  • Regular
  • Diet 

Application

  • Alcoholic Drinks
  • Direct Consumption

Distribution Channel

  • Supermarket
  • Retail Stores

Some of the major players operating in the global tonic water market are:

  • PepsiCo (U.S.)
  • Nestlé, A.G. (Switzerland)
  • The Coca-Cola Company (U.S.)
  • CG Roxane, LLC (U.S.)
  • Tempo Beverage Ltd (Israel)
  • Keurig Dr Pepper Inc. (U.S.)
  • Dr Pepper/Seven Up, Inc (U.S.)
  • Ferrarelle (Italy)
  • SANPELLEGRINO (Italy)
  • Reignwood Investments UK Ltd (U.K.)
  • LaCroix Beverages, Inc. (U.S.)
  • GEROLSTEINER BRUNNEN GMBH & CO. KG (Germany)
  • Mountain Valley Spring Water (U.S.)

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2022)
  • Past Pricing and price curve by region (2018 to 2022)
  • Tonic Water MarketSize, Share, Size & Forecast by different segment | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of Business by Region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

Key questions answered in the Tonic Water Market are: 

  • What is Tonic Water Market?
  • What was the Tonic Water Market size in 2022?
  • What are the different segments of the Tonic Water Market?
  • What growth strategies are the players considering to increase their presence in Tonic Water Market?
  • What are the upcoming industry applications and trends for the Tonic Water Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the Tonic Water Market?
  • What major challenges could the Tonic Water Market face in the future?
  • What segments are covered in the Tonic Water Market?
  • Who are the leading companies and what are their portfolios in Tonic Water Market?
  • What segments are covered in the Tonic Water Market?
  • Who are the key players in the Tonic Water Market?

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About Data Bridge Market Research:

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Email – [email protected] 



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