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Tonic Water Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 133
  • SKU: IRTNTR44950
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The predicted growth of the tonic water market share from 2021 to 2026 is USD 617.62 million at a progressing CAGR of 6.25%.

This tonic water market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers tonic water market segmentation by:

  • Application - Alcohol drinks mixer and Direct consumption
  • Geography - North America, Europe, APAC, South America, and Middle East and Africa

The tonic water market vendors are - Artisan drinks Co. Ltd, Bon Accord Soft Drinks, Britvic Plc, East Imperial Ltd., Fentimans Ltd., Fevertree Drinks Plc, Franklin and Sons Ltd, Halewood International Ltd., INDI ESSENCES SL, Keurig Dr Pepper, Llanllyr Water Co. Ltd., Nestle SA, Percival and Co., Q Tonic LLC, Summerhouse Drinks Ltd, The coca cola co., Thomas Henry GmbH and Co. KG, Zevia LLC, Asahi Group Holdings Ltd., and La Galvanina Spa among others.

What will the Tonic Water Market Size be During the Forecast Period?

Tonic Water Market Size

Download the Free Report Sample to Unlock the Tonic Water Market Size for the Forecast Period and Other Important Statistics

 

Tonic Water Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The rise in product launches is notably driving the tonic water market growth, although factors such as health issues associated with the consumption of quinine may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the tonic water industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Tonic Water Market Driver

One of the key factors driving growth in the tonic water market is the rise in product launches. Another growth driver of the global tonic water market is the increasing number of product launches. Successful product launches will increase the vendors' revenue, and it will increase their market share. New product launches will also help in keeping the interest of the players alive in the market. In May 2021, Fentimans launched their 200ml mixers and tonic collection. The mixer range, which includes Tonic Water, Ginger Beer, and Rose Lemonade, is made using Fentimans' 100-year-old artisanal approach. In October 2021, Arctic Blue Beverages launched new tonic water with a taste of Finnish Nature in Lappeenranta, Finland. In April 2019, Franklin and Sons Ltd. (Franklin and Sons) launched a four-pack tonic water range. Thus, the rise in product launches in the global tonic water market will drive the market growth during the forecast period.

Key Tonic Water Market Trend

The increasing consumption of gin is a tonic water market trend that is expected to have a positive impact in the coming years. The increasing consumption of gin is one of the positive trends which can help the market grow during the forecast period. In 2021, gin sales increased by over half in terms of annual value sales. Tonic water is primarily used as a mixer for making gin cocktails, and the increasing consumption of gin globally will help fuel the demand for tonic water. The increasing product launches in the market are expected to drive the global gin market during the forecast period. The demand for gin and tonic cocktails is also gaining popularity. Thus, the increasing production and popularity of gin and tonic cocktails will increase the demand for tonic water during the forecast period.

Key Tonic Water Market Challenge

The health issues associated with consumption of quinine will be a major challenge for the tonic water market during the forecast period. Some of the health issues faced due to the consumption of quinine are fever, easy bruising, headache, sudden, chest pain and problems with vision. The health issues faced due to the consumption of quinine can negatively affect the growth of the global tonic water market during the forecast period.

This tonic water market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

The global tonic water market is a part of the global soft drinks market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the tonic water market during the forecast period.

Who are the Major Tonic Water Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Artisan drinks Co. Ltd
  • Bon Accord Soft Drinks
  • Britvic Plc
  • East Imperial Ltd.
  • Fentimans Ltd.
  • Fevertree Drinks Plc
  • Franklin and Sons Ltd
  • Halewood International Ltd.
  • INDI ESSENCES SL
  • Keurig Dr Pepper
  • Llanllyr Water Co. Ltd.
  • Nestle SA
  • Percival and Co.
  • Q Tonic LLC
  • Summerhouse Drinks Ltd
  • The coca cola co.
  • Thomas Henry GmbH and Co. KG
  • Zevia LLC
  • Asahi Group Holdings Ltd.
  • La Galvanina Spa

 

This statistical study of the tonic water market encompasses successful business strategies deployed by the key vendors. The tonic water market is fragmented and the vendors are deploying growth strategies such as product launches, increasing product innovations, and growth in packaging innovations to compete in the market.

Product Insights and News

  • artisanddrinks.com - The company offers tonic water that includes clementine tonic water, premium Indian tonic water, refreshingly light Indian tonic water, Mediterranean tonic water, elderflower tonic water, aromatic tonic water, lemon tonic water, and refreshingly light cucumber tonic water.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The tonic water market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Tonic Water Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the tonic water market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Tonic Water Market?

Tonic Water Market Market segmentation by region

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38% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for tonic water market in North America. Market growth in this region will be faster than the growth of the market in the European and MEA regions.

The increasing application of tonic water as a mixer for gin and other alcoholic drinks will facilitate the tonic water market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The market experienced slow growth in 2020, owing to the outbreak of COVID-19. The outbreak and the subsequent lockdowns imposed across North American countries led to a decline in sales. However, with the initiation of vaccination drives since Q3 2021, the number of COVID-19 cases has decreased in the region, which has resulted in the resumption of industrial operations in tonic water manufacturing units. Therefore, the market is expected to register significant growth during the forecast period.

What are the Revenue-generating Application Segments in the Tonic Water Market?

Tonic Water Market Segmentation

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The tonic water market share growth by the alcohol drinks mixer segment will be significant during the forecast period. The use of tonic water as a mixer for alcoholic drinks was the major application of tonic water in the global tonic water market in 2021. The increasing consumption of alcoholic drinks such as gin, vodka, and others will increase the demand for tonic water. The introduction of new products and new flavors will also drive the growth of this segment during the forecast period. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the tonic water market size and actionable market insights on post COVID-19 impact on each segment.

 

Tonic Water Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.25%

Market growth 2022-2026

$ 617.62 million

Market structure

Fragmented

YoY growth (%)

5.68

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 38%

Key consumer countries

US, Canada, China, UK, and Spain

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Artisan drinks Co. Ltd, Bon Accord Soft Drinks, Britvic Plc, East Imperial Ltd., Fentimans Ltd., Fevertree Drinks Plc, Franklin and Sons Ltd, Halewood International Ltd., INDI ESSENCES SL, Keurig Dr Pepper, Llanllyr Water Co. Ltd., Nestle SA, Percival and Co., Q Tonic LLC, Summerhouse Drinks Ltd, The coca cola co., Thomas Henry GmbH and Co. KG, Zevia LLC, Asahi Group Holdings Ltd., and La Galvanina Spa

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Tonic Water Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive tonic water market growth during the next five years
  • Precise estimation of the tonic water market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the tonic water industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of tonic water market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Alcohol drinks mixer - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Alcohol drinks mixer - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Alcohol drinks mixer - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Alcohol drinks mixer - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Alcohol drinks mixer - Year-over-year growth 2021-2026 (%)
    • 5.4 Direct consumption - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Direct consumption - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Direct consumption - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Direct consumption - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Direct consumption - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Application
      • Exhibit 36: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 UK - Market size and forecast 2021-2026
      • Exhibit 66: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.10 Spain - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Spain - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Spain - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Spain - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Spain - Year-over-year growth 2021-2026 (%)
    • 7.11 Canada - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.12 China - Market size and forecast 2021-2026
      • Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Asahi Group Holdings Ltd.
              • Exhibit 89: Asahi Group Holdings Ltd. - Overview
              • Exhibit 90: Asahi Group Holdings Ltd. - Product / Service
              • Exhibit 91: Asahi Group Holdings Ltd. - Key offerings
            • 10.4 Britvic Plc
              • Exhibit 92: Britvic Plc - Overview
              • Exhibit 93: Britvic Plc - Business segments
              • Exhibit 94: Britvic Plc - Key offerings
              • Exhibit 95: Britvic Plc - Segment focus
            • 10.5 Fentimans Ltd.
              • Exhibit 96: Fentimans Ltd. - Overview
              • Exhibit 97: Fentimans Ltd. - Product / Service
              • Exhibit 98: Fentimans Ltd. - Key offerings
            • 10.6 Fevertree Drinks Plc
              • Exhibit 99: Fevertree Drinks Plc - Overview
              • Exhibit 100: Fevertree Drinks Plc - Product / Service
              • Exhibit 101: Fevertree Drinks Plc - Key offerings
            • 10.7 Franklin and Sons Ltd
              • Exhibit 102: Franklin and Sons Ltd - Overview
              • Exhibit 103: Franklin and Sons Ltd - Product / Service
              • Exhibit 104: Franklin and Sons Ltd - Key offerings
            • 10.8 Keurig Dr Pepper
              • Exhibit 105: Keurig Dr Pepper - Overview
              • Exhibit 106: Keurig Dr Pepper - Product / Service
              • Exhibit 107: Keurig Dr Pepper - Key offerings
            • 10.9 Llanllyr Water Co. Ltd.
              • Exhibit 108: Llanllyr Water Co. Ltd. - Overview
              • Exhibit 109: Llanllyr Water Co. Ltd. - Product / Service
              • Exhibit 110: Llanllyr Water Co. Ltd. - Key offerings
            • 10.10 Nestle SA
              • Exhibit 111: Nestle SA - Overview
              • Exhibit 112: Nestle SA - Business segments
              • Exhibit 113: Nestle SA - Key news
              • Exhibit 114: Nestle SA - Key offerings
              • Exhibit 115: Nestle SA - Segment focus
            • 10.11 Q Tonic LLC
              • Exhibit 116: Q Tonic LLC - Overview
              • Exhibit 117: Q Tonic LLC - Product / Service
              • Exhibit 118: Q Tonic LLC - Key offerings
            • 10.12 The coca cola co.
              • Exhibit 119: The coca cola co. - Overview
              • Exhibit 120: The coca cola co. - Business segments
              • Exhibit 121: The coca cola co. - Key news
              • Exhibit 122: The coca cola co. - Key offerings
              • Exhibit 123: The coca cola co. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 124: Inclusions checklist
                • Exhibit 125: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 126: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 127: Research methodology
                • Exhibit 128: Validation techniques employed for market sizing
                • Exhibit 129: Information sources
              • 11.5 List of abbreviations
                • Exhibit 130: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Tonic Water market growth will increase by $617.62 million during 2022-2026.
              The tonic water market is expected to grow at a CAGR of 6.25% during 2022-2026.
              Technavio has segmented the tonic water market by application (Alcohol drinks mixer and Direct consumption) and geographic (North America, Europe, APAC, South America, and Middle East and Africa).
              Artisan drinks Co. Ltd, Bon Accord Soft Drinks, Britvic Plc, East Imperial Ltd., Fentimans Ltd., Fevertree Drinks Plc, Franklin and Sons Ltd, Halewood International Ltd., INDI ESSENCES SL, Keurig Dr Pepper, Llanllyr Water Co. Ltd., Nestle SA, Percival and Co., Q Tonic LLC, Summerhouse Drinks Ltd, The coca cola co., Thomas Henry GmbH and Co. KG, Zevia LLC, Asahi Group Holdings Ltd., La Galvanina Spa are a few of the key vendors in the tonic water market.
              North America will register the highest growth rate of 38.23% among the other regions. Therefore, the tonic water market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the tonic water market growth are:
              • Rise in product launches
              • Increasing consumption of gin
              The tonic water market vendors should focus on grabbing business opportunities from the alcohol drinks mixer segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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