Australia Tonic Water Market Report And Forecast 2024-2032

Australia Tonic Water Market Outlook

The Australia tonic water market size reached USD 34.53 million in 2023. The market is expected to grow at a CAGR of 3.98% between 2024 and 2032, reaching USD 48.59 million by 2032.

Key Takeaways

• The Australian Bureau of Statistics reported that during 2020-21, food and non-alcoholic beverage sales reached 14.7 million tonnes across various retail outlets such as supermarkets and fresh food markets among others.

• The presence of consumer food services in 65,866 independent and chain restaurants, as indicated by the USDA, contributes to the expansion of the Australia tonic water market, offering both flavoured and unflavoured options to patrons.

• The Australian Bureau of Statistics reported that non-alcoholic beverage sales experienced the largest growth rate of 6.2% in 2020-21, representing an increase of 22.5 grams per day compared to the previous year.

Flavoured tonic water, depending on its flavour, provides consumers with a broad selection of choices to suit their diverse preferences, allowing them to enjoy it as a refreshing non-alcoholic drink on its own thus boosting the Australia tonic water market growth

Flavoured tonic water offers a variety of options with inventive flavours like elderflower, grapefruit, and cucumber. Popular in cocktails and as a standalone refreshing non-alcoholic choice, it appeals to consumers and aids brands in distinguishing themselves, also introducing a new line of tonic water.

In June 2022, Bickford & Sons introduced a new tonic water, crafted with natural ingredients including quinine from the cinchona tree, providing the classic bitter taste. Notably, the tonic glows under UV light, ensuring authenticity and adding flair to cocktails.

Plain tonic water, a flexible mixer especially with gin, allows the liquor's flavours to excel. Its timeless bitterness attracts traditionalists, while its health advantages and simplicity make it essential for bartenders.

Market Segmentation

Australia Tonic Water Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Flavour

• Flavoured Tonic Water

• Plain Tonic Water

Market Breakup by Packaging Form

• Cans

• Bottles

Market Breakup by Distribution Channel

• Supermarkets and Hypermarkets

• Convenience Stores

• Online Stores

• Others

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Australian Capital Territory

• Western Australia

• Others

The Australia tonic water market key players are Fevertree Limited, Sparkling Beverages Pty Ltd, Long Rays, Australian Food Ingredient Suppliers, and Tasmanian Tonic Company among others.

Key Highlights of the Report