Research Nester recently published report titled “Tonic water Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the tonic water market in terms of market segmentation by product type, by content, by applications, by distribution channels and by regions.
The global tonic market is segmented based on product type into flavored and non-flavored drinks; by content into regular and diet; by applications into alcoholic drinks and direct consumption; by distribution channels into supermarket and retail stores and by regions. The global tonic water market is estimated to grow at a CAGR of around 7% over the forecast period i.e. 2019-2027.
The tonic water market is expected to maintain a steady growth rate during the forecast period attributed to rising disposable income of people due to modernization and promotion of tonic water as a mixer with alcohol. Few other factors concerning the market growth include presence of tonic water with different flavors in the market in order to attract consumers and surging popularity in social media and internet.
Europe tonic water market is anticipated to witness considerable growth attributed to high inclination towards consumption of both alcoholic and non-alcoholic beverages. In Germany, the addition of quinine is regulated by the German Flavorings Directive, while permitting a limit of quinine content in tonic water. The quinine content in tonic water makes it a favorable drink mixer in this region. North America tonic water market is also expected to witness significant growth during the forecast period attributed to high inclination for mixed drinks and medicinal beverages.
Rising Alcohol Intake
Increased urbanization and adoption of western culture in many economies of the world have resulted in modernized lifestyle of people. This has led to increased consumption of alcohol such as gin and vodka. Tonic water is often mixed with these beverages to make drinks. Increasing alcohol intake worldwide, from the influence of social media, the increase in the number of private and office parties, and the perception that alcoholic drinks relaxes the mind. All these factors likely to drive the growth of tonic water market.
However, low awareness among consumers may become a challenge for the growth of the tonic water market as tonic water is positioned as a mixer for alcoholic drinks only, although it can be consumed as a soft drink or general.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global tonic water market which includes company profiling of Fever Tree, Dr. Pepper Snapple Group, Whole Foods, White Rock, Fentimans, East Imperial, Lamb & Watt, Luscombe , Q Tonic LLC and Other Prominent Players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global tonic water market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.