The global market should be understood from its parent/related markets viz. under its LaCroix brand. See for yourself. Price still remains the major factor influencing the purchasing patterns of all the functional beverages, including enhanced water; however, brands justifying their premium offerings with the host of label claims are expected to fetch higher sales margins. The MarketWatch News Department was not involved in the creation of this content. What are the factors driving the sparkling water market. Report moreover done a pastel evaluation within the business enterprise to study key influencers and boundaries to entry. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2017-2022. Danone S.A., The Coca-Cola Company, PepsiCo Inc., and Nestle S.A. are some of the top players in the market. Natural/mineral sparkling water held the largest share of more than 60.0% in 2020. Portfolio expansion, i.e., new product development, remains one of the most preferred strategies by key market players worldwide. Consumer trends are shifting towards impulsive purchases of food and beverages. The growth of this segment is attributed to rising consumer demand for different flavors such as berry, orange, cucumber, and lemon. The sparkling bottled water market in the United States is dominant, accounting for 12% of total North American sales. That is why different water brands have different tastes as per their bottling sources. Currently, you are using a shared account. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. Visit a quote page and your recently viewed tickers will be displayed here. Im 66, we have more than $2 million, I just want to golf can I retire. The flavored variants are increasingly preferred owing to their taste, dizziness, and health benefits. By Type (, Unflavored, Fruit-flavored). Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. Thus, the demand for drinks featuring these ingredients has grown and is expected to grow in the future. Copyright 2002-2023 Research and Markets. online dashboard trial. Estimates on production and value are based on the price in the supply chain at which the Sparkling Water are procured by the manufacturers. Sparkling Water Market Size & Share: Industry Report, 2022 - 2027 Then you can access your favorite statistics via the star in the header. Contact the source provider Comtex at editorial@comtex.com. 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. 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 Report 2021: Market Size is Expected to be Innovative Product Development Efforts by Manufacturers to Drive Market Growth. "Market Share of The Leading Seltzer, Bottled Sparkling/Mineral Water Brands in The United States in 2021, Based on Sales. Sparkling Water Market Introduction: Sparkling water contains minerals, such as calcium, magnesium, and sodium, and it is naturally carbonated. The global Sparkling Water market is expected to grow significantly by 2027 expanding at a reasonable CAGR of around 11% during the forecast period (2021-2027). In addition to eating correctly, consumers are increasingly aware of the importance of drinking correctly. To analyze the Sugar-Free Sparkling Water with respect to individual growth trends, future prospects, and their contribution to the total market. Growing at a CAGR of 7.55%, the market will exhibit steady growth in the forecast period (2021-2028). Each license type allows a set number of users to access the report. Consumer health and improved brand awareness have led to an increase in demand for premium bottled water. The innovation in bottling (packaging) technology, coupled with a strengthening retail distribution scenario, further facilitates the market for functional ingredients enriched water. Sparkling Water Market - Industry Size, Share, Trends (2021-2027) 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. 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$3,973.293 million by 2027. For instance, in July 2021, National Beverage Corporation, an American beverage manufacturer, released a trio of new flavors of the sparkling water under its LaCroix brand. The flavored natural/mineral and caffeinated sparkling water segment is expected to register a faster growth rate during forecast years as compared to the unflavored segment owing to the increasing launch of fruit-flavored drinks. This report segments the global Sparkling Water market comprehensively. You can also contact MarketWatch Customer Service via our Customer Center. Flavored sparkling water costs around US$ 1.72 and normal or unflavoured costs around US$ 0.70, which has positively impacted the demand of the plain market. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes. For the 52 weeks ended May 17, 2020, private labels held a market share. Business Solutions including all features. In this section, the readers will gain an understanding of the key players competing. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. 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. How much is the global functional water market worth? The sparkling water market competitive landscape provides details by competitor. Sparkling Water Market Size, Share, Growth, Industry Forecast till 20 This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. Sparkling water is one of the fastest . Market share of the leading seltzer, bottled sparkling/mineral water brands in the United States in 2021, based on sales [Graph]. COVID-19 and Russia-Ukraine War Influence Analysis: The readers in the section will understand how the Sparkling Water market scenario changed across the globe during the pandemic, post-pandemic and Russia-Ukraine War. Your transaction & personal information is safe and secure. Which is the leading segment based on ingredient in the functional water market? liability for the information given being complete or correct. This study bestows production and revenue data by type, and during the historical period and forecast period. "Market share of the leading seltzer, bottled sparkling/mineral water brands in the United States in 2021, based on sales." All rights reserved. Sparkling Water Market Size, Share & Trends Analysis Report By Product You need a Statista Account for unlimited access. View Recipe. The latest growing trend in this market is the rising demand for water fortified with minerals, vitamins, antioxidants, and more. Key Findings of the World Bottled Water Market Report At the same time, regulations are being put in place across Asia Pacific to reduce the amount of sugar in beverages. 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. In terms of production side, this report researches the Sparkling Water Faucet and Dispenser production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2023, and forecast to 2028. Contact the source provider Comtex at editorial@comtex.com. Based on the category, plain is expected to dominate the market over the forecast period. As per U.S. Food and Drug Administration (FDA), Sparkling mineral water is . Health Benefits of Product to Drive Sales during COVID-19 Pandemic. The market is likely to experience moderate growth to record a CAGR of 3.2% throughout the forecast period 2022 - 2027. Flavored caffeinated sparkling water held the largest share of 85.4% in 2020. Mandarin Orange Cream Popsicles Pureed mandarins, creamy greek yogurt and . Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. Clicking on the following button will update the content below. We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities. North America held the largest share of over 35.0% in 2020. The shift in consumers shopping behavior is one of the major factors driving sales through the online channel. 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. These launches are increasing product visibility in the market and are anticipated to boost the market growth over the forecast period. Global Sparkling Water Market: Segment Analysis The research report includes specific segments by region (country), by company, by Type and by Application. Sparkling Water Market Size, Share, Growth | Industry Analysis 2027 Regional and Private Label Brands Eye Expansions to Penetrate New Markets. 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. RHODIUS Mineralquellen und Getrnke GmbH & Co. KG. Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. The global impact of COVID-19 has been significant, with functional water products witnessing an increasing demand across all regions amid the pandemic. As soon as this statistic is updated, you will immediately be notified via e-mail. This product is a market research report. The botanical ingredients are associated with immune support as well as another possible physical, mental and emotional attributes. The sparkling product segment accounted for the highest revenue share of more than 72% in 2020 and is estimated to expand further at a steady CAGR from 2021 to 2028. These solutions appear in the form of functional foods, as they have the additional function of providing nutritional and health benefits. b. Evolving dietary consumption pattern is a key market trend. Which is the key factor driving the market? This report can help to understand the relevant market and consumer trends that are driving the Sparkling Water market. This factor mainly promotes the growth of this segment. Key global players, recent developments & their impact on the industry, 1. We are happy to help. The major players covered in the Sparkling Water market report are: Get a sample copy of the Sparkling Water Market report 2023. The rising consumer interest in health and wellness has put a spotlight on functional nutrition. The largest sparkling water brand in the world is San Pellegrino, with $901 million in sales and a market share of 4.9%. All Rights Reserved. Manufacturers are launching products with claims that go beyond vitamin-enhanced hydration, capitalizing on the popularity of fortified waters. By product, the natural/mineral segment held the largest share of more than 60.0% in 2020. In Asian region, Thailand, Malaysia, Sri Lanka, and the Philippines have introduced a sugar-sweetened beverage (SSB) tax in the past two years, while several other countries, including Vietnam, Australia, New Zealand, and Singapore, have also introduced a sugar-sweetened beverage. Chapter 5: Provides the analysis of various market segments according to product type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. The micronutrient is expected to be the leading segment based on ingredient in the global market during the forecast period. As consumers are seeking sparkling water with added benefits, manufacturers are trying to launch new variants of the product with caffeine in it. To Understand How Covid-19 Impact Is Covered in This Report - https://marketresearchguru.com/enquiry/request-covid19/17205643. The sparkling water market [compound annual growth rate] (CAGR) from 2015-2019 was 15.8% compared to 5.8% for still water." When it comes to healthy hydration, bottled water, flavored still and sparkling waters, and enhanced waters are in high demand because of the healthy hydration they provide on the go. Which region is expected to hold the highest share in the market? Get in touch with us. Sparkling water is generally just water infused with pressurized carbon dioxide. Very satisfied with the overall report as it has helped me to build strategies for my business, This is regarding the recent report I bought from Fortune Business insights. Pour en savoir plus sur la faon dont nous utilisons vos donnes personnelles, veuillez consulter notre politique relative la vie prive et notre politique en matire de cookies. 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. We never share your personal data. (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. 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. In, Beverage Industry Magazine. As of 2021, the global sparkling water industry has a market size of $33.43 billion. Get full access to all features within our Business Solutions. This study provides information about the sales and revenue during the historic and forecasted period of 2016 to 2027. What is the sparkling water market growth? https://www.marketresearchguru.com/enquiry/request-sample/17205643, https://www.marketresearchguru.com/enquiry/pre-order-enquiry/17205643, https://marketresearchguru.com/enquiry/request-covid19/17205643, https://marketresearchguru.com/purchase/17205643, https://marketresearchguru.com/TOC/17205643#TOC, Sparkling Water Market 2023 Share Analysis: Understanding How Your Business Stacks Up Against Competitors. Micronutrient Segment to Dominate due to Growing Consumer Inclination towards Natural Ingredients. With the growing trend of leading a healthy lifestyle among all age groups, people around the globe are gradually shifting to healthy and innovative drinks, including sparkling water. Together with the optimistic revenue projections. Market size is based on retail (off trade) and non-retail (on trade) sales. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships).