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 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. As consumers are seeking sparkling water with added benefits, manufacturers are trying to launch new variants of the product with caffeine in it. . Im 66, we have more than $2 million, I just want to golf can I retire. 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$3,973.293 million by 2027. The sparkling water market competitive landscape provides details by competitor. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. online dashboard trial. Europe is the second-largest market for functional ingredients enriched water. The developed market of North America is a clear leading region for functional ingredients added water sales owing to its robust growth in the U.S. Looking forward to work together in the future, It has been a delightful experience working with you guys. Some of the key questions answered in this report: Sparkling Water Market - Covid-19 Impact and Recovery Analysis: We were monitoring the direct impact of covid-19 in this market, further to the indirect impact from different industries. Key companies in the Global Sparkling Water Market include Talking Rain, Nestl, PepsiCo, Inc., Keurig Dr Pepper Inc., The Coca, Cola Company, SANPELLEGRINO S.P.A, Danone S.A. and RHODIUS Mineralquellen und Getrnke GmbH & Co. KG. Choose reports from a database of more than 10,000 reports. Global Sparkling Water Market: Segment Analysis The research report includes specific segments by region (country), by company, by Type and by Application. HAVE A QUESTION? The global marketplace has witnessed a growing inclination towards all-natural and plant-based ingredients that are easily recognizable and accepted owing to their widely known health benefits. The global sparkling water market size was valued at USD 29.71 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 12.6% from 2021 to 2028. In, Beverage Industry Magazine. The sparkling water market is expected to grow from US$ 23,271.30 million in 2021 to US$ 55,298.58 million by 2028; it is estimated to grow at a CAGR of 11.7% from 2021 to 2028. Is there a problem with this press release? Hence, several consumers consider carbonated water as a healthier alternative to soda and sugary carbonated drinks. The sparkling bottled water market in the United States is. These advertisements highlight the quality and hydration benefits of the product, and also emphasize taste and convenience. Based on distribution channel, the market is categorized into supermarkets/hypermarkets, convenience stores, online retail, and others. Thus, the consumer demand for natural and subtle flavors drinks is expected to drive the functional ingredients enriched water market in this region. You can also contact MarketWatch Customer Service via our Customer Center. Copyright 2002-2023 Research and Markets. We value them as a research company worthy of building long-term relationships., Well done Fortune Business Insights! Copyright 2023 MarketWatch, Inc. All rights reserved. At the same time, regulations are being put in place across Asia Pacific to reduce the amount of sugar in beverages. Danone S.A., The Coca-Cola Company, PepsiCo Inc., and Nestle S.A. are some of the top players in the market. Report Coverage & Deliverables PDF report & online dashboard will help you understand: Competitive benchmarking Historical data & forecasts High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. 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. For more details, please read our privacy policy. Avail customized purchase options to meet your exact research needs. We never share your personal data. This is due to the dominance of plain or unflavoured sparkling water due to its lower price range. It additionally affords the proper insights and evaluation which are crucial to layout powerful commercial enterprise techniques and set the proper direction for improved boom for all enterprise gamers involved. July 16, 2021. 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. 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. Some of the prominent players reviewed in the research report include: Get Sample Copy of Sparkling Water Market Report. Sparkling Water Market was valued at USD 32.03 billion in 2021 and is expected to reach USD 58.41 billion by 2029, registering a CAGR of 7.80% during the forecast period of 2022-2029. Privacy Policy. The document outlines the marketplace size, marketplace traits, and market increase for zzzz industry, categorized with the aid of using kind, utility, and patron sector. The Global Sparkling Water Market is estimated to be worth $76.95 billion by 2028. dvelopper et amliorer nos produits et services. Are you interested in testing our business solutions? Olha will help you find what you are looking for. We live in purgatory: My wife has a multimillion-dollar trust fund, but my mother-in-law controls it. Chapter 13: Forecast by type and by application. The brand was closely followed by Private Label which accounted for 16.6% of the US sparkling water market share. Consumers are exhibiting an ever-growing inclination towards exotic ingredients and bold flavors that not only appeal to the palette but also are functional in terms of the overall nutritional profile. Which is the leading segment based on ingredient in the functional water market? The hypermarket and supermarket and convenience stores together held a significant share in 2020. Along with this, the report provides an elaborative analysis of the market dynamics and competitive landscape. Micronutrient Segment to Dominate due to Growing Consumer Inclination towards Natural Ingredients. For instance, PepsiCo Inc. is launching a new drink that is intended to help consumers relax before bed, called Driftwell. Statista. The bottled water sales have recently surpassed soft drinks sales in the United States The bottled water sector is thus a leading horse prompting companies to invest and expand their functional offerings. Get full access to all features within our Business Solutions. Show publisher information Feb 09, 2023 (The Expresswire) -- Key players of bottled water are launching sparkling water to gain maximum market share. Feb 23, 2023 (The Expresswire) -- 02-22-2023 01:21 AM CET | IT, New Media & Software Press release from: Insightace Analytics This text provides general information. The functional ingredients added water market is experiencing a strong emergence of small private-label brands embarking on offering enhanced convenience and value-for-money. Chapter 14: The main points and conclusions of the report. (New York, U.S.), North America (By Ingredient, Distribution Channel, and By Country), Europe (By Ingredient, Distribution Channel, and By Country), Asia Pacific (By Ingredient, Distribution Channel, and By Country), Rest of Asia Pacific (By Distribution Channel), Rest of the World (By Ingredient, Distribution Channel, and By Country), Rest of the World (By Distribution Channel), Granular Research on Specified Regions or Segments, Companies Profiled based on User Requirement, Broader Insights Pertaining to a Specific Segment or Region, Breaking Down Competitive Landscape as per Your Requirement, Other Specific Requirement on Customization. Bottled Water in Denmark (2019) - Market Sizes. Fortune Business Insights says that the value of the market was at USD 12.86 billion in 2020 and is projected to reach USD 22.97 billion by 2028. The largest sparkling water brand in the world is San Pellegrino, with $901 million in sales and a market share of 4.9%. This website uses cookies to ensure you get the best experience. Benefits such as improved intake, better digestion, and enhanced bone and heart health are influencing consumers to drink sparkling water. 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. This can be seen in the rising demand for beverages that contain ingredients with health and wellness value. grapefruit, lemon, lime, coconut and sparkling water. Estimates on production and value are based on the price in the supply chain at which the Sparkling Water are procured by the manufacturers. This product is a market research report. The market has been segmented into various major geographies, including North America, Europe, Asia-Pacific, South America. Market share of the leading seltzer, bottled sparkling/mineral water brands in the United States in 2021, based on sales [Graph]. Growing at a CAGR of 7.55%, the market will exhibit steady growth in the forecast period (2021-2028). to incorporate the statistic into your presentation at any time. Caffeinated sparkling water is calorie- and sugar-free but contains added caffeine to boost energy levels. For instance, in May 2019, National Beverage Corp. launched a new flavor, Hi-Biscus! Each license type allows a set number of users to access the report. This is a very good piece of work and will be very helpful to us going forward. This study provides information about the sales and revenue during the historic and forecasted period of 2016 to 2027. 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. North America led the global sparkling water market and held the largest share of over 35.0% in 2020. b. People are better able to buy bulk food and other groceries in supermarkets. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. In the face of this "push" in government regulation and the "pull" of growing consumer demand for healthier options, more businesses and regulatory requirements for APAC beverage manufacturers are paying more attention to their products' functional properties. 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. The Global Sparkling Water Market was estimated to be valued at $29.71 billion in 2020. under its LaCroix brand. 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. 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. Sparkling water is one of the fastest . Whats our next move? We are happy to help. The global sparkling water market is expected to grow at a compound annual growth rate of 12.6% from 2021 to 2028 to reach USD 76.95 billion by 2028. b. Natural/mineral sparkling water contributed to the highest share of more than 60% in the global revenue in 2020. The flavored natural/mineral and caffeinated sparkling water segment is expected to register a faster growth rate during forecast years as compared to the unflavored segment owing to the increasing launch of fruit-flavored drinks. The fortified water drink contains 200 mg of L-theanine and 10% of the daily value of magnesium. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Business Solutions including all features. The active principles from a variety of super fruits, herbal extracts, and other plant-based ingredients are known to not only serve the functional role of synthetic additives but also substantially increase the nutritional profiles of specialty water. Please create an employee account to be able to mark statistics as favorites. The growth of this segment is attributed to rising consumer demand for different flavors such as berry, orange, cucumber, and lemon. As of 2021, the global sparkling water industry has a market size of $33.43 billion. Based on ingredient analysis, the market is divided into micronutrient, botanical extract, and others. 495.00. With 25.3 percent of market share, the private-label still water category dominates the water category, while market share in the seltzer/sparkling/mineral bottled waters category is more evenly distributed between private label (17.7 percent); Sparkling Ice (16 percent); and La Croix (12.6 percent), it reports. Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. Frequency of water consumption worldwide 2017, by country, U.S. consumer beverage preference during the Super Bowl 2017, Manufacturing: Beverage & Tobacco Products in the U.S. 2022 - Industry Insights & Data Analysis, Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022. b. This graph presents the market share of the leading bottled sparkling water brands in the United States in 2020. Accessed March 04, 2023. https://www.statista.com/statistics/252421/market-share-of-leading-bottled-sparkling-water-brands-in-the-us/, Beverage Industry Magazine. It looks quite comprehensive and the data is exactly what I was looking for. Key factors that are driving the sparkling water market growth include increasing consumer preference for healthy alternatives for carbonated and other types of sugary soft drinks, and new product launches on a global level. The increasing demand for fortified drinks with the inclusion of essential ingredients like vitamins, minerals, amino acids, and proteins is anticipated to drive the market for functional ingredients enriched water. Sparkling Water Market size is expected to reach US$ 82.81 Bn by 2029, at a CAGR of 12% during the forecast period. Revenue of the cosmetic & beauty industry in the U.S. 2002-2022, Value of the leading global textile exporters in 2021, by country, Vegetable oils: global consumption 2013/14 to 2022/23, by oil type, Cocoa bean production worldwide 2019/20-2021/22, by country, World coffee per capita consumption: major consumer countries 2015, Cosmetics Industry in the U.S. - statistics & facts, Profit from additional features with an Employee Account. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. This website is secure and your personal details are safe. In Europe, quick-service restaurants are expanding at a notable growth rate. Availability of Substitutes Including Energy and Sports Drinks to Hamper Market Growth.

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