The Latin America, Middle East and Africa Sparkling Water Market would witness market growth of 13.9% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 937.39 Kilo Tonnes, showcasing a growth of 15.5% (2024-2031).
Canned Packaging of Water has emerged as a popular choice among consumers for its convenience, portability, and sustainability features. These cans are designed to preserve the carbonation levels of this water, ensuring that it retains its refreshing fizziness until opened. The packaging typically includes airtight seals and durable materials to prevent leaks and maintain the beverage's quality over time. Canned water comes in various sizes, from single-serve cans ideal for on-the-go consumption to larger cans suitable for sharing or extended hydration periods. Thus, the Brazil market consumed 56.85 kilo tonnes of canned water in 2023.
The Brazil market dominated the LAMEA Sparkling Water Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,584.5 Million by 2031. The Argentina market is showcasing a CAGR of 14.9% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 13.6% during (2024 - 2031).
Urbanization has led to busier lifestyles, with more people living and working in urban areas with fast-paced routines. With its convenient and portable packaging, this water appeals to on-the-go consumers looking for refreshing and hydrating beverages they can consume anywhere, anytime. Urbanization often shifts beverage preferences, with consumers moving away from traditional sodas and soft drinks towards healthier and more natural options.
E-commerce platforms often run promotional offers and discounts on this water, making it more affordable for consumers. Special offers such as bulk discounts, subscribe and save options, and exclusive deals attract consumers and drive sales. E-commerce platforms provide detailed product information, including ingredients, nutritional information, and customer reviews. Consumers can make informed purchasing decisions based on product descriptions, reviews, and ratings, leading to increased confidence and satisfaction.
Urbanization and changing lifestyles in Saudi Arabia drive the demand for convenient and healthier beverage options. As more people move to urban areas and adopt busier lifestyles, they seek on-the-go beverage options like sparkling water that offer convenience without compromising health. Rising disposable income in Saudi Arabia has increased consumer spending on premium and healthier beverage options. Sparkling water, often perceived as a premium product, is becoming more affordable for a larger population segment due to increased disposable income in Saudi Arabia. Thus, due to these aspects, the sparkling water market will expand across the LAMEA region in upcoming years.
Free Valuable Insights: The Worldwide Sparkling Water Market is Projected to reach USD 92.9 Billion by 2031, at a CAGR of 12.1%
Based on Type, the market is segmented into Natural/Mineral, and Caffeinated. Based on Packaging, the market is segmented into Bottled, Canned, and Others. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores, Online, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Type (Volume, Kilo Tonnes, USD Billion, 2020-31)
By Packaging (Volume, Kilo Tonnes, USD Billion, 2020-31)
By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2020-31)
By Country (Volume, Kilo Tonnes, USD Billion, 2020-31)
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