Tonic Water Market

Tonic Water Market is anticipated to grow at a CAGR of 7.2% during forecast period and estimated to reach USD 1,356 million by 2027.

Tonic water is a carbonated soft drink in which quinine is dissolved. Originally, the tonic water was used as a medicine against malaria, but now it has significantly less quinine content, due to which it being increasingly consumed by individuals. It is often used in alcoholic drinks, particularly in gin and tonic.

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Increasing consumption of alcoholic beverages such as gin, vodka, and other various cocktails is a major factor driving the global tonic water market growth during the forecast period. Moreover, tonic water contains the right amount of quinine, which reduces the chances of malaria and other leg related medical issues. These medicinal properties are expected to fuel market growth over the forecast period. Tonic water is one of the widely consumed soft drinks with spirits across the globe. Many beverages have a strong base of tonic water, which provides a bitter edge to cocktails. Tonic water is also widely consumed as a healthy drink owing to the presence of quinine substance, which is a medication used to treat malaria and babesiosis. Manufacturers in the market are offering a wide range of products with added sugars and flavours. These innovative advantages associated with tonic water are also propelling the product’s demand on a global level.

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Based on the product type, diet segment is anticipated to grow at a higher CAGR during the forecast period due to the rising popularity of low-calorie products among consumers. Consumers are increasingly opting for a healthy lifestyle, which is changing their food and beverages preference towards low-sugar or sugar-free soft drinks. Diet tonic water contains artificial sweeteners, which offer sweet taste without sugar.

On the basis of distribution channel, the hypermarkets, supermarkets, and convenience stores segments are anticipated to dominate the market over the forecast period. Many supermarket giants such as Walmart, Tesco, 7Eleven, Auchan, Sainsbury’s, Apar, and Aldi have maximum penetration of customers in developed regions like North America and Europe. These companies offer a wide range of grocery products and a large chain of stores to maximize customer engagement. All these benefits are attracting large consumer base into the market.

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Based on the region, North America is anticipated to dominate the market during the forecast period. The U.S. and Canada have the highest number of tonic water consumers, which offers a massive opportunity for the market in North America. Moreover, these two countries are also having a large consumer base for gin, which, in turn, increases the demand for tonic water. Thus, the expanding use of these spirits is fuelling the demand for tonic water in the region.

Various notable players operating in the market include FENTIMANS, Fever-Tree, Keurig Dr Pepper, Q MIXERS, THE COCA-COLA COMPANY, White Rock Products Corporation, Zevia, and Asahi Group Holdings, Ltd., among others.

The global Tonic Water market has been segmented based on Product Type, Distribution Channel, and regions. Based on Type, the market is segmented into regular and Diet. Based on the distribution channel, the market is segmented into hypermarket/supermarket and convenience store, online and others.  Based on key regions, the market is segmented into North America, Europe, Asia, and the Rest of the World.

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Key questions answered in this research report:

• • At what pace is global Tonic Water market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Tonic Water market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Tonic Water market?
  • What are the various product types of global Tonic Water market and how they are poised to grow?
  • Which Product Type generated maximum revenues in 2019 and identify the most promising Material Types during the forecast period?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Tonic Water Market by Product Type 

• • Regular
  • Diet

Global Tonic Water Market by Distribution Channel

• • Supermarket/hypermarket & Convenience stores
  • Online Retailers
  • Others

Global Tonic Water Market by Region

• • North America Tonic Water Market (Option 1: As a part of the free 25% customization)
    • North America Tonic Water Market by Product Type
    • North America Tonic Water Market by Distribution Channel
    • US Tonic Water Market All-Up
    • Canada Tonic Water Market All-Up
  • Europe Tonic Water Market (Option 2: As a part of the free 25% customization)
    • Europe Tonic Water Market by Product Type
    • Europe Tonic Water Market by Distribution Channel
    • United Kingdom (UK) Tonic Water Market All-Up
    • Germany All-Up Tonic Water Market All-Up
    • France Tonic Water Market All-Up
    • Spain Tonic Water Market All-Up
    • Rest of Europe Tonic Water Market All-Up
  • Asia-Pacific Tonic Water Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Tonic Water Market by Product Type
    • Asia-Pacific Tonic Water Market by Distribution channel
    • China Tonic Water Market All-Up
    • India Tonic Water Market All-Up
    • Japan Tonic Water Market All-Up
    • Rest of APAC Tonic Water Market All-Up
  • RoW Tonic Water Market (Option 4: As a part of the free 25% customization)
    • RoW Tonic Water Market by Product Type
    • RoW Tonic Water Market by Distribution Channel
    • Brazil Tonic Water Market All-Up
    • South Africa Tonic Water Market All-Up
    • Saudi Arabia Tonic Water Market All-Up
    • UAE Tonic Water Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Tonic Water Market All-Up

Global Tonic Water Leading Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • FENTIMANS
  • Fever-Tree
  • Keurig Dr Pepper
  • Q MIXERS
  • THE COCA-COLA COMPANY
  • White Rock Products Corporation
  • Zevia
  • Asahi Group Holdings, Ltd.
  • Hansen Beverage
  • Bradleys Tonic Co.