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Natural/mineral sparkling water holds a considerable sparkling water market share, owing to the rising health awareness among consumers and the surging launch of new products with innovative flavours. The wide availability of effervescent and flavoured variations of natural/mineral sparkling offering various health benefits, especially on online channels, is also boosting their sales.
Caffeinated sparkling water boosts energy and does not contain any calories or sugar. These beverages can be used in place of coffee drinks, sweetened teas, and typical energy drinks.
Convenience stores and supermarkets make up a sizable share of the sparkling water market. These channels boast the availability of a wide variety of premium and private-label goods. Moreover, to improve customers' shopping experiences, such channels provide attractive membership programmes and incentives, including discounts and unlimited free delivery.
North America is expected to represent a significant share of the market due to the shifting consumer preference towards healthy alternatives to soft drinks. Due to benefits like ease of digestion and improved bone and heart health, consumers are more likely to drink sparkling water. The growing availability of the product across different distribution channels is also anticipated to fuel the market growth in the coming years.
The market for sparkling water in Europe is anticipated to expand significantly due to increasing research and development for the creation of new products with a wide range of flavours, changes in lifestyle, and greater product accessibility.
Sparkling Water Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market reached a size of nearly USD 32.74 billion.
The market is estimated to grow at a CAGR of 9% in the forecast period of 2024-2032.
The market is assessed to reach a value of around USD 71.04 billion by 2032.
The growing number of health-conscious consumers and the increasing demand for flavoured sparkling water are the major factors driving the market growth.
The shifting consumer preference towards sparkling water as an alternative to soda and the increasing efforts by key market players to introduce new flavours of sparkling water are the key trends supporting the market development.
The major regional markets for sparkling water include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various products considered in the market report include natural/mineral sparkling water and caffeinated sparkling water.
The different distribution channels in the market include hypermarkets and supermarkets, convenience stores, and online, among others.
The key players in the market include Talking Rain, LaCroix Beverages, Inc., Polar Beverages, Nestlé S.A., PepsiCo, Inc., The Coca-Cola Company, Keurig Dr Pepper Inc., Danone S.A., Clear Cut Phocus, and National Beverage Corp., among others.
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