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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Sparkling Water Market Size
The global sparkling water market reached around USD 32.74 billion in 2023. The market is assessed to grow at a CAGR of 9.0% between 2024 and 2032, reaching a value of nearly USD 71.04 billion by 2032.
Key Trends in the Market
Sparkling water, also termed seltzer water or carbonated water, is water containing carbon dioxide, which is infused under pressure. It has become a popular beverage among fitness enthusiasts as it promotes weight loss, improves digestion, provides nutrients, and offers relief from constipation.
- Consumers are more inclined to consume sparkling water as health awareness increases. Sparkling water is rich in various minerals, such as sodium, magnesium, and calcium, Also, it offers several advantages, including the capacity to relieve constipation and facilitate digestion.
- The sparkling water market growth is being propelled by an increasing number of consumers who like the sparkle of carbonated soft drinks but want to sip beverages containing low amounts of calories, sweets, or artificial ingredients. In terms of dental and bone health, sparkling water is not as detrimental as sodas. As a result, many consumers view carbonated water as a healthier alternative to soda and other sweet, carbonated beverages.
- An additional factor positively influencing the market is the increased prevalence of obesity. Unlike soda water, which has a high sugar content, sparkling water with a low sugar content supports weight management. Moreover, shifting customer preferences, rising disposable incomes, and increased consumer awareness of sparkling water's health advantages favour the market growth.
Sparkling Water Market Report Snapshots
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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Key Questions Answered in the Report
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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