Sparkling Drinks Market Size, Competitive Landscape and Market Forecast - 2030

SKU: DMFB2001 | Last Updated On: Jan 10 2023 | Available Formats

> Sparkling Drinks Market Expected to reach at a high CAGR by 2030: DataM Intelligence

Sparkling Drinks Market is segmented By Product Type (Alcoholic Beverages (Wine, Cider, and others), Non-Alcoholic Beverages (Juices, Water, Tea & Coffee, and Others) ), By Distribution Channel (E-Commerce, Supermarkets & Hypermarkets, Retail Stores, Restaurants & Tap Rooms, and others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

 

Sparkling Drinks Market Overview

The Global "Sparkling Drinks Market" is expected to grow at a high CAGR during the forecast period (2023-2030)   

Sparkling drinks are carbonated beverages produced by dissolving carbon dioxide under pressure in plain water. Consumption of sparkling water provides several benefits, including relieving constipation & indigestion, improved bone & heart health, weight loss, and hydration. The United States, one of the major countries for sparkling water, has seen a significant increase in sparkling water sales through restaurants. In 2018, Americans alone spent approximately USD 1.68 billion on sparkling water through restaurants.

Sparkling Drinks Market Scope

Metrics

Details

Market CAGR

 High

Segments Covered

By Product Type, By Distribution Channel, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

 

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Sparkling Drinks Market Dynamics:

Growing health-related concerns through consumption of sugar-added drinks led to a shift in consumer preference towards consumption of healthy drinks, thus driving the demand for sparkling drinks. Sparkling evolved as an essential alternative to sugar-added drinks owing to its refreshing nature and health benefits. According to recent consumer reports, more than 70% of adults worldwide prefer to reduce their sugar intake by replacing sugary drinks with sugar-free sparkling water. Macro factors such as the rising young population and growing disposable income also contribute to the growth of the global sparkling drinks market. American consumption of sparkling water increase contribution 2011 and 2016. The drinking habits of the millennial population made them the promising market booster in developing nations

Sparkling Drinks Market Segment Analysis

The global sparkling drinks market is segmented on product type into alcoholic beverages and non-alcoholic beverages. The non-alcoholic beverages segment, which includes sparkling juices, coffee, tea, and water, evolved as the largest category of the sparkling drinks market. Alcoholic beverages are further segmented into wine, cider, and other sparkling beverages. Alcoholic sparkling beverages are certainly consumed in restaurants and taprooms. Consumption is significantly rising over the last decade due to increased consumer interests—these premium-priced bottles. Recent launches of economy duets such as prosecco have attracted a new range of customers towards alcoholic beverage sparkling beverages in Europe. Annual consumption of champagne and sparkling wine in the United States increased from 22.2 million 9-Liter Cases in 2016 to 23.5 million 9-Liter cases in 2017.

By region, the global sparkling drinks market is segmented into North America, South America, Europe, Asia-Pacific, Middle-east, and America.

North America is dominating the global sparkling drinks market owing to the high beverage consumption trend in the U.S. and other American nations. The availability of various brands and awareness among the communities regarding the advantages of sparkling water over sugar-based drinks supports market growth in this region. Increasing the interest of the millennials in the United States to support the consumption of minerals associated with low-sugar beverages led to increased consumption of sparkling water.

The Asia-Pacific sparkling drinks market is predicted to grow faster during the forecast period due to iThe Asia-Pacificposable income and growing consumer interest towards sparkling water over sugar-based bevdues. Presence of humid climate in the majority of the Asia-Pacific region and growing health-conscious attitude among the conThe presence lesser developed the nations in Asia-Pacific led to increased consumer preference towards flavored sparkling water. lessream has significant growth of 43% in 2016 in the Asia-Pacific region.

Sparkling Drinks Companies & Competitive Analysis

The major players in the beverages industry are focusing on the development and launches of new brands in sparkling water to cater to global and regional demand. The global sparkling drinks market is experiencing new product launches in caffeinated sparkling beverages. The market is highly fragmented due to its wide product differentiation nature. However, individually juices, water, coffee, tea, and wine are consolidated across the globe.

  • In August 2019, Caribou Coffee launched a product line of flavor-infused- sparkling drinks with caffeine. The ready-to-drink Caribou Bou-sted caffeinated beverages will be available in two categories sparkling water & sparkling beverages.
  • In January 2019, Schooner Brewing and San Juan Seltzer entered into licensing relationship focusing on innovative new offerings in a local brewery and spiked sparkling water brands.
  • In February 2018, PepsiCo entered into the Sparkling water segment by globally launching the bubbly brand. 

Some of the key players in the global sparkling drinks market include Pepsico, Inc, The Coca-Cola Company, Seven Sparkling Drinks, and LaCroix Beverages, Inc.

**The Global Sparkling Drinks report would provide access to approximately 61 market data tables, 54 figures and 198 pages

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