Tonic Water Market Size Was Valued at USD 942.04 million in 2023 and is Projected to Reach USD 1821.29 million by 2032, Growing at a CAGR of 7.6 % From 2024-2032.
Tonic water is a carbonated gentle drink that incorporates quinine. Tonic water, which turned into as soon as used as a malaria preventative, now has a far-reduced quinine stage and is eaten for its specific bitter flavor, even though it’s far commonly sweetened these days. It’s popular in blended cocktails, in particular gin and tonics.
Medicinal quinine became suggested to British officers and troops in early 19th-century India and other tropical regions of the British Empire, where it become combined with soda and sugar to conceal its bitter taste, developing tonic water. In 1858, the primary commercial tonic water turned into created. The British blended their scientific quinine tonic with gin and other substances to make the bitter medicine extra palatable in British colonial India, and the mixed drink gin and tonic turned into born. The candy mixture made sense because squaddies in India were already given a gin ration.
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Key Competitors include:
- Asahi Group Holdings, Ltd.ย (Japan)
- Cg Roxane Llc (U.S.)
- Dr Pepper/Seven Up Inc (U.S.)
- Fentimans(U.K.)
- Ferrarelle (Italy)
- Fever-Tree (U.K.)
- Gerolsteiner Brunnen Gmbh & Co. Kg (Germany)
- Hansen Beverage (U.S.)
- Keurig Dr Pepper Inc. (U.S.)
- Lacroix Beverages Inc. (U.S.)
- Mountain Valley Spring Water (U.S.)
Tonic Water Market Trend Analysis
In current years, the tonic water market has visible a good sized transformation, in large part pushed through premiumization and flavor innovation. This evolution stems from shifting patron preferences, with a heightened call for for stylish and precise drinking studies.
Premiumization within the tonic water segment entails a focus on incredible ingredients, artisanal craftsmanship, and increased taste profiles. Brands are leveraging this trend by using incorporating top rate botanicals, herbal sweeteners, or even uncommon factors sourced from various regions worldwide. These elements aim to offer clients a refined and steeply-priced tonic water revel in, raising the conventional mixer into a standalone beverage of desire.
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Segments Covered:
By Product Type
- Flavored
- Non-Flavored Drinks
By Packaging Type
- Bottles
- Cans
By Application
- Direct Consumption
- Alcoholic Drinks
By Distribution Channel
- Hypermarket/Supermarket
- Specialty Stores
- Retail Stores
- Online Sales
Tonic Water Market Regional Insights:
Asia Pacific is Expected to Dominate the Market Over the Forecast period
Asia Pacific region is expected to register sizeable market increase all through the forecast length. In countries like India, China, and Indonesia, the consumption of numerous kinds of spirits which includes gin, whiskey, vodka, and rum has been regularly expanding. The place’s demand for tonic water is being fueled via an increase in the use of diverse sorts of alcohol. In comparison to North America and Europe,
Asian nations with robust gin consumption, which includes the Philippines, do now not typically utilize alcoholic mixers. Furthermore, due to speedy urbanization and rising disposable earning, the area is a growing marketplace with considerable capacity during the projected duration, which is in all likelihood to stimulate amusement spending in bars and other similar institutions. The increasing monetary role of the region, as well as the increasing availability of tonic water in nearby supermarkets, imply a strong call for for tonic water.
By Region
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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Key Industry Developments in the Tonic Water Market:
- In October 2023,ย Global Brands, a leading independent drinks company and beverage distributor in the United Kingdom, was pleased to announce that its pioneering tonic water and mixer brand, Franklin & Sons, had secured a variety of placements in key retail locations across the United States.
- In May 2023,ย SAVVY is collaborating with Japanese beauty honey brand HACCI in May and June to present two innovative honey beverages. Handcrafted by SAVVYโs Head Mixologist, Ms Pauline Rose Torres Escolano, the BEE-MINE and HONEYLICIOUS offer guests a refined experience with its tantalising aromas and refreshing sweetness.
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