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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:
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.
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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.
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.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
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.
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.
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.
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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.
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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.
Packaged Natural Mineral Water market - The market size is predicted to surge to USD 57.19 billion from 2021 to 2026 at a CAGR of 6.56%.
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 |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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