Global Sparkling Water Market is Expected to Foresee Significant Growth During the Forecast Period. North America to Witness the Highest Growth
- Himanshu Patni
- February 21, 2022
- CONSUMER GOODS, NEWS
- Sparkling Water Market, Sparkling Water Market growth, Sparkling Water Market share, Sparkling Water Market size, Sparkling Water Market trends
- 0 Comments
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).
Sparkling water is generally just water infused with pressurized carbon dioxide. It’s also known as seltzer. As per U.S. Food and Drug Administration (FDA), Sparkling mineral water is naturally laced with minerals and can be naturally or artificially carbonated. One of the reasons for that boom is that health-conscious consumers are turning to sparkling water as a sugar-free alternative to carbonated sodas and juices.
Also, a surge in the end user’s disposable income is one of the leading factors that is contributing to the growing market of healthy beverages including sparkling water, globally. Rising purchasing power in developing countries such as Australia, EU, Mexico, Brazil, India, Thailand, and China is projected to allow consumers to spend more on their diet and food. As per OCED, the household spending in Canada, China, Denmark, European Union, France and Germany reached to 1,021,459.5, 9,241,095.5, 139,229.8, 10,785,281.3, 1,561,879.9 and 2,288,541.1 US$ million, respectively.
For a detailed analysis of Sparkling Water browse through – https://univdatos.com/report/sparkling-water-market/
In 2019, a total of 463 million people were estimated to be living with diabetes, representing 9.3% of the global adult population (20–79 years). This number is expected to increase to 578 million (10.2%) in 2030 and 700 million (10.9%) in 2045. The prevalence of diabetes in women in 2019 was estimated to be 9.0% and 9.6% in men. The increase of diabetes prevalence with age leads to a prevalence of 19.9% (111.2 million) in people aged 65–79 years. Owing to these facts, the demand for low-calorie drinks is increasing which in turn is propelling the market for sparkling water.
The demand for sparkling water is on the rise with the mounting trend of healthy lifestyle among all age groups, people around the globe are gradually shifting to healthy and innovative drinks, including sparkling water due to the presence of a variety of minerals, including sodium, magnesium, and calcium, in the product. Furthermore, the product has several advantages; for instance, it helps improve digestion and may help relieve constipation. Moreover, the growing consumer preference for sparkling water over sodas and sugary carbonated drinks is projected to drive the market over the forecast period
For a detailed analysis of the COVID-19 Impact on Sparkling Water browse through – https://univdatos.com/report/sparkling-water-market/
Based on the type, the market is fragmented into Natural/Mineral and Caffeinated. The natural/ mineral segment grabbed the major market share and dominated the market in 2020. The market of this segment would reach USD XX Mn by 2027. The segment is witnessing an uptick owing to the growing prevalence of various chronic diseases and rising awareness among consumers regarding the health benefits associated with the consumption of organic and natural products
Request for Sample of the report browse through – https://univdatos.com/get-a-free-sample-form-php/?product_id=17572
Based on the distribution channel, the market is fragmented into Hypermarket & Supermarkets, Convenience Stores, Online, and Others. The hypermarket/ supermarket segment grabbed the major market share in 2020 and dominated the market. The availability of numerous brands under one roof coupled with the offering of discounts in the hypermarkets/ supermarkets is leading to the growth of this segment. However, the online segment would witness the highest CAGR during the forthcoming years.
Additionally, the report provides detailed initiatives that are being taken in the field of Artificial Plants. The market is classified into distinct regions including North America (the U.S, Canada, Rest of North America), Europe (Germany, France, Spain, Italy, and United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and the Rest of APAC), Rest of World has been conducted. North America region dominated the market and grabbed major market share in 2020. A surge in the awareness among end-users coupled with the presence of numerous players available in the market is leading to the growth of this segment. However, the Asia Pacific region is expected to witness the highest CAGR during the forecast period.
Global Sparkling Water Market Segmentation
Market Insight, by Type
Market Insight, by Distribution Channel
- Hypermarket & Supermarkets
- Convenience Stores
Market Insight, by Region
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Rest of World
Top Company Profiles
- PepsiCo, Inc.
- National Beverage Corp.
- Talking Rain
- Keurig Dr. Pepper Inc.
- The Coca-Cola Company
- Danone S.A.
- SANPELLEGRINO S.P.A
- Clear Cut Phocus
- Caribou Coffee Operating Company, Inc.