Published Date: 8-Dec-2020
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According to a new report Global Tonic Water Market, published by KBV research, The Global Tonic Water Market size is expected to reach $1.3 billion by 2026, rising at a market growth of 10.2% CAGR during the forecast period.
Online sales of tonic water are fundamentally expanding across the globe due to the massive convenience related to it. Besides, all the hypermarkets, supermarkets, and convenience store giants are penetrating e-commerce attributable to the expanding penetration of the internet and cell phones among consumers. Likewise, these e-commerce shopping portals offer the greatest customer commitment to expanding online shopping from individuals around the globe.
The Plain market dominated the Global Tonic Water Market by Flavor in 2019 growing at a CAGR of 9.6 % during the forecast period. The Flavored market is expected to witness a CAGR of 10.9% during (2020 - 2026). Organizations are likewise introducing new naturally flavored water in this item segment, expecting to satisfy the specific needs of the consumer for diet consciousness and taste factors.
Europe represented a major revenue share in the worldwide tonic water market. The prevalence and increasing demand for gin are anticipated to fuel the adoption of tonic blend in the next few years. The blending of tonic water in alcoholic drinks is popular in emerged nations. The market is still at its early stage in the emerging economies because of low awareness about the item and furthermore a comparatively lower inclination of gin.
Structural Insights: https://www.kbvresearch.com/tonic-water-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Keurig Dr Pepper, Inc. (Dr Pepper Snapple Group), The Coca Cola Company, Monster Beverage Corporation (Hansen Beverage), Fever-Tree Drinks PLC, Asahi Group Holdings Ltd., PepsiCo, Inc. (Soda Stream International Ltd.), Q-Tonic, LLC, Zevia, LLC, Fentimans Ltd. and Britvic PLC.
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