Market Research Report
Global Sparkling Drinks Market - 2019-2026
|Published by||DataM Intelligence||Product code||910443|
|Published||Content info||130-180 Pages
Delivery time: 1-2 business days
|Global Sparkling Drinks Market - 2019-2026|
|Published: September 1, 2019||Content info: 130-180 Pages||
Sparkling drinks are carbonated beverages produced by dissolving carbon dioxide under pressure in plain water. Consumption of sparkling water provides several benefits including relieved constipation & indigestion, improved bone & heart health, weight loss, and hydration. United States, one of the major country for sparkling water has seen significant increase in sales of sparkling water through restaurants. In 2018, Americans alone spent approximately USD 1.68 billion on sparkling water through restaurants.
The global sparkling drinks market valued USD XX million in 2018 and it is expected to grow at a CAGR of XX% to reach USD XX million by 2026.
Growing health related concerns through consumption of sugar-added drinks led to shift in consumer preference towards consumption of healthy drinks, thus driving the demand for sparkling drinks. Sparkling evolved as an essential alternative to sugar-added drinks owing to its refreshing nature and health benefits. According to recent consumer reports, more than 70% of adults across the globe are preferring to reduce their sugar intake by replacing sugary drinks with sugar-free sparkling water. Macro factors such as rising young population and growing disposable income also are contributing to the growth of global sparkling drinks market. American consumption of sparkling water increased by 42% between 2011 and 2016. The drinking habits of millennial population made them the promising market booster in developing nations
Global sparkling drinks market is segmented on the basis of product type into alcoholic beverages and non-alcoholic beverages. Non-alcoholic beverages segment which includes sparkling juices, coffee, tea, and water evolved as the largest category of sparkling drinks market. Alcoholic beverages are further segmented into wine, cider, and other sparkling beverages. Alcoholic sparkling beverages are certainly consumed in restaurants and tap rooms and the consumption is significantly rising over the last decade owing to increase in consumer interests towards purchase of premium-priced bottles. Recent launches of economy variants such as prosecco has attracted new range of customers towards alcoholic sparkling beverages in Europe. Annual consumption of champagne and sparkling wine in the United States increased from 22.2 million 9-Liter Cases in 2016 to 23.5 million 9-Liter cases in 2017.
By region, the global sparkling drinks market is segmented into North America, South America, Europe, Asia-Pacific, Middle-east and America.
North America is dominating the global sparkling drinks market owing to high beverage consumption trend in the U.S. and other American nations. The availability of various brands and awareness among the communities regarding advantages of sparkling water over sugar-based drinks is supporting the market growth in this region. Increasing interests by the millennials in the United States towards healthy consumption of minerals associated with low-sugar beverages led to increased consumption of sparkling water.
Asia-Pacific sparkling drinks market is predicted to grow at a higher pace during the forecast period owing to increased disposable income and growing consumer interests towards sparkling water over sugar-based beverages. Presence of humid climate in majority of Asia-Pacific region and growing health-conscious attitude among the consumers in lesser developed nations in Asia-Pacific led to increased consumer preference towards flavored sparkling water. SodaStream has significant growth of 43% in 2016 in Asia-Pacific region.
The major players in the beverages industry are focusing on development and launches on new brands in sparkling water to cater the global and regional demand. Global sparkling drinks market is experiencing new product launches in caffeinated sparkling beverages. The market is highly fragmented due to its wide product differentiation nature. However, individually juices, water, coffee, tea and wine are consolidated across the globe.
Some of the key players in the global sparkling drinks market includes Pepsico, Inc, The Coca-Cola Company, Seven Sparkling Drinks, and LaCroix Beverages, Inc.