The global demand for Tonic Water Market is presumed to reach the valuation of nearly USD 6.47 BN by 2030 from USD 3.45 BN in 2022 with a CAGR of 8.2% during the period of 2023-2030.
Tonic water is a carbonated drink which comprises of quinine as a crucial content. Tonic water has many components, including sweeteners, spices and herbs, but the prominent element is quinine. Quinine is derived from the chincona tree originally grown in South Africa. Quinine was initially used for curbing and curing diseases like malaria, babesiosis and other disorders. Tonic water was also used as a pleasing way to consume quinine medication but has attained popularity as a drink mixer for preparing gin cocktails in different flavours. As a result of less quinine amount, it is less bitter and is also often made sweet, mostly with high-fructose corn syrup or normal sugar. Conventional tonic water comprises added sugar; on the other hand diet tonic water includes natural sweeteners.
Market Dynamics
The Global tonic water market is anticipated to sustain a constant growth rate during the forecast period credited to the rising disposable income of population all across the world due to urbanization of tonic water as it is mixed with alcohol. Additional factors recognized to have bolstered the demand comprise the availability of tonic water in various flavours to attract buyers in tandem with the rising popularity in social media.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of tonic water.
Market Segmentation
The entire tonic water market has been sub-categorized into type, packaging type, distribution channel. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Product
By Distribution Channel
- Hypermarkets, Supermarkets & Convenience Stores
- On-trade
- Online
- Others
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for tonic water market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Tonic Water Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Tonic Water market include FENTIMANS, Fever-Tree, Keurig Dr Pepper, Q MIXERS, THE COCA-COLA COMPANY, White Rock Products Corporation, Zevia, Asahi Group Holdings Ltd. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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