sparkling water market share

The demand for natural functional drinks is growing as consumers are now more inclined towards safe, clean-labeled, and hygienic ingredients. This report also outlines the market trends of each segment and consumer behaviors impacting the Sparkling Water market and what implications these may have on the industry's future. North America leads the global sparkling water market share, at 35%. To analyze the Sugar-Free Sparkling Water with respect to individual growth trends, future prospects, and their contribution to the total market. Chapter 9: Analysis of sales channel, distributors and customers. 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. Visit a quote page and your recently viewed tickers will be displayed here. Functional ingredients enriched with water is a delicious solution for those who are trying to achieve a healthy level of hydration but have trouble meeting the daily recommended amount of water. Sparkling Water Market Size Worth $55.3 Billion by 2028 at 11.7% CAGR, COVID-19 Impact and Global Analysis by The Insight Partners What you need to know from Costco's earnings call. This report can help to understand the relevant market and consumer trends that are driving the Sparkling Water market. Clicking on the following button will update the content below. 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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. The others segment dominated the global sparkling water market and held a share of 36.4% in 2020. b. The report will incorporate these insights. 02-22-2023 01:21 AM CET | IT, New Media & Software Press release from: Insightace Analytics Moreover, the bundling strategy and economical pricing are responsible for higher sales of functional ingredients added water among supermarkets. The growth rate of the Global Sparkling Water Market is 12.6%, with an estimated value of $76.95 billion by 2028. As a Premium user you get access to the detailed source references and background information about this statistic. The global functional water market growth will be propelled by the development of innovative products and the launch of new flavors by manufacturers. This market covers all packaged still, sparkling and flavoured water. under its LaCroix brand. Market share of the leading seltzer, bottled sparkling/mineral water brands in the United States in 2021, based on sales [Graph]. 5.1. Sparkling Water Market Size, Share & Trends Analysis Report By Product (Natural/Mineral, Caffeinated), By Distribution Channel (Hypermarket & Supermarket, Online), By Region, And Segment Forecasts . Functional ingredients enriched water sales are thus benefiting from the overarching consumer trend to better-for-your alternatives such as unnatural and high-sugar drinks. All rights reserved. Get full access to all features within our Business Solutions. 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. As consumers continue to search for complete solutions that can meet their health and wellness needs, functional beverages, especially those containing immune-enhancing ingredients, may continue to receive attention. For more details, please read our privacy policy. Sparkling Water Market Size, Share and Trends Analysis Report 2023-2030. The emergence of sports drinks, energy drinks, and health drinks paved the way for the entire function-specific beverage movement. functional beverages and bottled water both of these sectors exhibit strong dominance of key global brands intensely seeking the consolidation of the overall market. DUBLIN--(BUSINESS WIRE)--The "Sparkling Water Market Size, Share & Trends Analysis Report by Product, by Distribution Channel, by Region, and Segment Forecasts, 2021-2028" report has been added to . Their social media handles are filled with images of athletes (runners, swimmers, skaters, tennis players), and their cans feature striking and elegant animal prints. Discounted price for multiple reports across domains, 2. Am I crazy? After my mother died, my cousin took her designer purse, and my aunt took 8 paintings from her home then things really escalated, It broke me: Everyone says you need power of attorney, but nobody tells you how hard it is to use. For the 52 weeks ended May 17, 2020, private labels held a market share. People are better able to buy bulk food and other groceries in supermarkets. https://www.360marketupdates.com/enquiry/request-sample/22380166, https://www.360marketupdates.com/enquiry/pre-order-enquiry/22380166, https://www.360marketupdates.com/purchase/22380166, Sparkling Water Market 2023 Size, Share, Top Players Resorch report Forecast 2029. statistic alerts) please log in with your personal account. Mergers & acquisitions and product launches are among the key strategies taken up by the market players. Report Coverage & Deliverables PDF report & online dashboard will help you understand: Competitive benchmarking Historical data & forecasts Are you interested in testing our business solutions? We earn $400,000 and spend beyond our means. For instance, in January 2020, Keurig Dr Pepper Inc. acquired Limitless, a U.S.-based caffeinated sparkling water company. This graph presents the market share of the leading bottled sparkling water brands in the United States in 2020. Sparkling water is generally just water infused with pressurized carbon dioxide. They have additional health benefits, and these benefits can range from increased energy to hydration and probiotic energy. Whats our next move? b. 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. Free trial, before you make a purchase decision. Business Solutions including all features. Si vous ne souhaitez pas que nos partenaires et nousmmes utilisions des cookies et vos donnes personnelles pour ces motifs supplmentaires, cliquez sur Refuser tout. The report was very accurate and as per my requirements. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and . Based on distribution channel, the market is categorized into supermarkets/hypermarkets, convenience stores, online retail, and others. As a result, manufacturers are incorporating a plethora of herbs and spices in the drinks because of their inherent health benefits. Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. This document analyzes the effect of the pandemic on the zzzz market from a international and nearby angle. Some of the prominent players reviewed in the research report include: Get Sample Copy of Sparkling Water Market Report. A paid subscription is required for full access. The Black Razzberry, Beach Plum, and Guava Sao Paulo are zero-sugar, zero-calorie sparkling waters which feature natural essences. 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. During the initial months of the Covid-19 pandemic, a majority of public places and offices were shut, which led to a significant drop in the commercial demand for sparkling water. $77 Billion Market Size 12.5% CAGR Europe Dominating Region 2022-2030 Forecast Period Segmentation By Type Natural/Mineral Sparkling Water Caffeinated Sparkling Water By Distribution Channel Store-Based Non-Store-Based Which region is expected to hold the highest share in the market? 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. This product is a market research report. We are happy with the professionalism of your in-house research team as well as the quality of your research reports. By product, the natural/mineral segment held the largest share of more than 60.0% in 2020. Chapter 14: The main points and conclusions of the report. For instance, in 2020, Ocean Spray Cranberries, Inc., an American-based company, launched B1U, a new series of functional beverages made with simple ingredients and in recyclable packaging. This product is a market research report. In addition to these mentioned factors, it encompasses several other factors that have contributed to the market's growth in recent years. Copyright 2002-2023 Research and Markets. This study provides information about the sales and revenue during the historic and forecasted period of 2016 to 2027. After COVID-19, consumers have become more anxious, and they have started giving priority to immune health. The readers will also get their hands on the revenue and sales data of each region and country for the period 2017-2028. Please fill out the form below for a free PDF report sample & Understanding the segments helps in identifying the importance of different factors that aid the market growth. This can be seen in the rising demand for beverages that contain ingredients with health and wellness value. Functional ingredients added water continues on a solid growth trajectory and, in fact, grew rapidly in the first half of 2020. Thank you Fortune Business Insights for your efforts and prompt response, I had a great experience working with Fortune Business Insights. to incorporate the statistic into your presentation at any time. Which product segment accounted for the largest sparkling water market share? The increase in demand for flavored bubbly and fizzy hydration products is projected to drive the segment growth. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. Convenience stores are expected to witness greater traction in the foreseeable future owing to their penetration and personalized purchasing experiences. Benefits offered by online platforms, including shopping from the comfort of ones home, doorstep delivery, free shipping, subscription services, and discounts, are attracting millennials and the younger generation to opt for this channel. 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. Regional Movement Analysis & Market Share, 2020 & 2028, 8.1. 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. As consumers are seeking sparkling water with added benefits, manufacturers are trying to launch new variants of the product with caffeine in it. It looks quite comprehensive and the data is exactly what I was looking for. Consumers are increasingly seeking fortified food and drink products for certain functional benefits such as energy, relaxation, mental focus, and health support. "The quality of research they have done for us has been excellent.". Which region dominated the sparkling water market? People also appreciate the artistic and easy-to-see bottle designs, along with attractive labels and stylish bottle shapes that set them apart from the usual water bottles they are used to seeing. The innovation in bottling (packaging) technology, coupled with a strengthening retail distribution scenario, further facilitates the market for functional ingredients enriched water. Who are the key players in the sparkling water market? The spring bottled water segment accounted for revenue share of over 17.0% in 2016; Mineral bottled water accounted for the largest market share in 2016 and is expected to witness a CAGR of 7.3% over the forecast period. The flavored variants are increasingly preferred owing to their taste, dizziness, and health benefits. Supermarkets and hypermarkets hold sway in the distribution channels for the product sales this retail distribution is leading based on the variety, availability, and accessibility of enhanced water. By continuing to visit this site you agree to our use of cookies . The sparkling bottled water market in the United States is dominant, accounting for 12% of total North American sales. Health Benefits of Product to Drive Sales during COVID-19 Pandemic. North America dominated the market by accounting for over 35.0% in 2020 owing to the high product adoption in the region. The caffeinated segment is projected to register the fastest CAGR of 12.6% from 2021 to 2028. Further, it provides a complete evaluation of additives concerned in marketplace improvement in advance than and after the covid-19 pandemic. Chapter 3: Production/output, value of Sparkling Water by region/country. Which is the leading segment based on ingredient in the functional water market? Choose reports from a database of more than 10,000 reports. Convenience stores help consumers on the go stay hydrated, and with consumers increasingly looking for healthier options, there are plenty of opportunities to promote and grow sales of functional ingredients added water. The global Sparkling Water market size was valued at USD 49582.82 million in 2022 and is expected to expand at a CAGR of 10.66 Persent during the forecast period, reaching USD 91059.83. At what CAGR is the functional water market projected to grow in the forecast period (2021-2028)? Key global players, recent developments & their impact on the industry, 1. 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.