The global tonic water market size reached US$ 854.8 Million in 2023. Looking forward, the market is expected to reach US$ 1.45 billion by 2032, exhibiting a growth rate (CAGR) of 6.1% during 2023-2032.
Tonic water, also known as Indian tonic water, is a carbonated beverage originally consumed as a prophylactic drink against malaria. It is derived from the bark of the cinchona tree and contains low amounts of quinine to increase its palatability. It is served with gin and different cocktails and included in numerous jello shot recipes to make the shot fluorescent. With the rising young population and the growing socializing trend, there is a rise in bars, pubs and breweries that serve alcoholic beverages. This is driving the demand for tonic water across the globe.
Apart from this, there is a rise in the sales of tonic water online on account of the implementation of lockdown in numerous countries and the adoption of social distancing measures on account of the outbreak of coronavirus disease (COVID-19). It can also be accredited to the increasing number of hypermarkets, supermarkets, and convenience stores giants that have expanded their business in the e-commerce sector due to the increasing penetration of the internet and boosting sales of smartphones. Furthermore, socioeconomic factors like inflating income levels, rising middle-class population and rapid urbanization are also strengthening the growth of the market.
2. What is the expected growth rate of the global tonic water market during 2024-2032?
3. What has been the impact of COVID-19 on the global tonic water market?
4. What are the key factors driving the global tonic water market?
5. What is the breakup of the global tonic water market based on flavor?
6. What is the breakup of the global tonic water market based on the packaging form?
7. What is the breakup of the global tonic water market based on distribution channel?
8. What are the key regions in the global tonic water market?
9. Who are the key players/companies in the global tonic water market?
Tonic water, also known as Indian tonic water, is a carbonated beverage originally consumed as a prophylactic drink against malaria. It is derived from the bark of the cinchona tree and contains low amounts of quinine to increase its palatability. It is served with gin and different cocktails and included in numerous jello shot recipes to make the shot fluorescent. With the rising young population and the growing socializing trend, there is a rise in bars, pubs and breweries that serve alcoholic beverages. This is driving the demand for tonic water across the globe.
Tonic Water Market Trends:
The resurgence of the cocktail trend represents one of the key factors positively influencing the utilization of tonic water worldwide. In addition to this, consumers have developed a taste for premium spirits and are consequently willing to spend on innovative products that offer a distinct character. Therefore, several market players are focusing on the introduction of unique product variants with added flavors. They are also launching diet tonic water with less sugar content to suit the taste and preferences of health-conscious consumers.Apart from this, there is a rise in the sales of tonic water online on account of the implementation of lockdown in numerous countries and the adoption of social distancing measures on account of the outbreak of coronavirus disease (COVID-19). It can also be accredited to the increasing number of hypermarkets, supermarkets, and convenience stores giants that have expanded their business in the e-commerce sector due to the increasing penetration of the internet and boosting sales of smartphones. Furthermore, socioeconomic factors like inflating income levels, rising middle-class population and rapid urbanization are also strengthening the growth of the market.
Key Market Segmentation:
This report provides an analysis of the key trends in each sub-segment of the global tonic water market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on flavor, packaging form and distribution channel.Breakup by Flavor:
- Plain Tonic Water
- Flavored Tonic Water
Breakup by Packaging Form:
- Bottles
- Cans
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Bradley's Tonic Co., East Imperial Beverage Corporation, El Guapo Bitters, Fentimans Ltd, Fevertree Drinks plc, Franklin & Sons Ltd, Keurig Dr Pepper Inc., Q Tonic LLC, The Coca-Cola Company, The London Essence Company, White Rock Products Corporation and Zevia.Key Questions Answered in This Report
1. What was the size of the global tonic water market in 2023?2. What is the expected growth rate of the global tonic water market during 2024-2032?
3. What has been the impact of COVID-19 on the global tonic water market?
4. What are the key factors driving the global tonic water market?
5. What is the breakup of the global tonic water market based on flavor?
6. What is the breakup of the global tonic water market based on the packaging form?
7. What is the breakup of the global tonic water market based on distribution channel?
8. What are the key regions in the global tonic water market?
9. Who are the key players/companies in the global tonic water market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Tonic Water Market
6 Market Breakup by Flavor
7 Market Breakup by Packaging Form
8 Market Breakup by Distribution Channel
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Bradley's Tonic Co.
- East Imperial Beverage Corporation
- El Guapo Bitters
- Fentimans Ltd
- Fevertree Drinks plc
- Franklin & Sons Ltd
- Keurig Dr Pepper Inc.
- Q Tonic LLC
- The Coca-Cola Company
- The London Essence Company
- White Rock Products Corporation
- Zevia
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 137 |
| Published | September 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 854.8 Million |
| Forecasted Market Value ( USD | $ 1457.9 Million |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
