According to a new report, published by KBV research, The Global Sparkling Water Market size is expected to reach $92.9 billion by 2031, rising at a market growth of 12.1% CAGR during the forecast period. In the year 2023, the market attained a volume of 8,799.69 Kilo Tonnes experiencing a growth of 19.8% (2020-2023).
Sparkling water is primarily consumed as a refreshing and thirst-quenching beverage. Its bubbly texture and crisp taste make it an enjoyable alternative to still water, especially in hot weather or after physical activity. Sparkling water is a healthier alternative to sugary sodas and soft drinks. It contains no added sugars, calories, or artificial sweeteners, making it an attractive option for health-conscious individuals who want to reduce their sugar intake. Sparkling water is an effective way to stay hydrated throughout the day. Some people find the bubbles in sparkling water more appealing than still water, making it easier to meet their daily hydration needs. Sparkling water is commonly used as a mixer in cocktails, adding fizz and effervescence to drinks. Its neutral flavor complements a wide range of spirits and mixers, making it a versatile ingredient in cocktail recipes.
The Natural/Mineral segment is registering a CAGR of 11.7 % during the forecast period. Natural mineral water contains essential minerals such as calcium, magnesium, and potassium, which offer various health benefits. Consumers seeking a healthier alternative to sugary sodas and soft drinks prefer natural mineral sparkling water for its added nutritional value. Natural mineral sparkling water helps consumers stay hydrated throughout the day. The minerals in natural mineral water, such as magnesium and potassium, contribute to optimal hydration and electrolyte balance.
The Bottled segment led the Global Sparkling Water Market by Packaging in 2023; thereby, achieving a market value of $42 Billion by 2031. Bottled sparkling water is portable and easily carried in bags, backpacks, or handbags, making it an ideal choice for outdoor activities, travel, work, or school. It provides hydration, helping consumers meet their daily fluid intake requirements. Sparkling water's effervescence and refreshing taste can make it more appealing than still water for some consumers, encouraging them to stay hydrated throughout the day.
The Supermarkets & Hypermarkets segment is growing at a CAGR of 11.5 % during the forecast period. Supermarkets & hypermarkets stock various sparkling water brands and flavors, catering to diverse consumer preferences. Consumers can choose from various options, including plain, flavored, and infused sparkling water, to find the best product that suits their tastes. Supermarkets & hypermarkets often run promotions and discounts on sparkling water, making it more affordable and attractive to consumers.
Full Report: https://www.kbvresearch.com/sparkling-water-market/
The North America region dominated the Global Sparkling Water Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $32.8 Billion by 2031. The Europe region is anticipated to grow at a CAGR of 11.9% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 12.7% during (2024 - 2031).
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)
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