North America Tonic Water Market Forecast to 2031 - Regional Analysis - by Type (Plain and Flavored), Category (Low/No Sugar and Regular), and End User (On-Trade and Off-Trade)

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The North America tonic water market was valued at US$ 448.08 million in 2023 and is expected to reach US$ 804.76 million by 2031; it is estimated to register a CAGR of 7.6% from 2023 to 2031.

Increasing Demand for Gin Fuels North America Tonic Water Market

Changing consumer preferences and tastes have been driving the demand for gin across the world. With people exploring and indulging in the diverse flavors of gin, the requirement for complementary mixers to enhance their drinking experience also surges. Tonic water, with its bitter yet refreshing taste, serves as a perfect companion to gin. Thus, a surge in gin's popularity has led to a corresponding rise in the consumption of tonic water. Further, craft gin is gaining significant popularity across the world. As gin enthusiasts become more discerning of the flavor profiles of their spirits, they seek high-quality mixers to elevate their cocktails. Artisanal and small-batch brands have started focusing on catering to the demand for premium tonic water, offering a wide range of botanical-infused and flavored tonic water that complements the nuanced characteristics of craft gin. Moreover, consumers are willing to pay premium prices for superior products that enhance their drinking experience. The popularity of gin-based cocktails is on the rise in bars and restaurants, which indicates the spurred demand for tonic water in the hospitality sector. Mixologists and bartenders are continually innovating and experimenting with new gin and tonic combinations with different flavors, driving the need for various tonic water options to accommodate diverse tastes and preferences. As a result, tonic water manufacturers are expanding their product offerings to include different flavors, formulations, and packaging sizes to meet the demand of both retail consumers and the hospitality industry. Thus, owing to popularity of gin and tonic combination, the increasing demand for gin is a direct driving force for the growth of tonic water market.

North America Tonic Water Market Overview

Tonic water is a key ingredient in classic gin and tonic cocktails. In North America, the growing demand for tonic water is attributed to a significant rise in the popularity of craft cocktails and mixology culture. Consumers in countries such as the US, Canada, and Mexico seek high-quality mixers to elevate their drinks. In addition, an upsurge in the number of health-conscious consumers has led to the shift toward low-sugar alternatives to traditional drinks. Many tonic water brands offer options with botanical flavors and reduced sugar content, appealing to health-conscious consumers who want to enjoy refreshing drinks without compromising on taste.

The growing popularity of DIY drink preparation has also contributed to the sales of tonic water. With more people experimenting with cocktails made at home, the demand for premium mixers such as tonic water has surged. This trend is expected to continue as consumers become more adventurous with their drink choices and seek to replicate the bar experience in their own homes. Thus, the growing inclination toward premium drink options, the health-conscious choices of consumers, and the increasing preference for home bartending are the factors bolstering the demand for tonic water in North America.

North America Tonic Water Market Revenue and Forecast to 2031 (US$ Million)

North America Tonic Water Market Segmentation

The North America tonic water market is categorized into by type, category, end user, and country.

Based on type, the North America tonic water market is bifurcated into plain and flavored. The flavored segment held a larger market share in 2023.

In terms of category, the North America tonic water market is bifurcated into low/no sugar and regular. The regular segment held a larger market share in 2023.

By end user, the North America tonic water market is bifurcated into on-trade and off-trade. The off-trade segment held a larger market share in 2023.

Based on country, the North America tonic water market is segmented into the US, Canada, and Mexico. The US dominated the North America tonic water market share in 2023.

The Coca-Cola Co, Fever-Tree Drinks Plc, Thomas Henry GmbH, Q Tonic LLC, East Imperial Beverage Corp, Britvic Plc, and White Rock Beverages Ltd. are some of the leading companies operating in the North America tonic water market.

Product Code: BMIRE00031200

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Market Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. North America Tonic Water Market Landscape

4.1 Market Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Competitive Rivalry
- 4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Manufacturers
- 4.3.3 Distributors/Suppliers
- 4.3.4 End Users
4.4 List of Vendors

5. North America Tonic Water Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Increasing Demand for Gin
- 5.1.2 Innovations in Flavors
5.2 Market Restraints
- 5.2.1 Availability of Substitutes
5.3 Market Opportunities
- 5.3.1 Proliferation of E-Commerce
5.4 Future Trends
- 5.4.1 Preference for Low-Sugar Tonic Water
5.5 Impact of Drivers and Restraints:

6. Tonic Water Market - North America Analysis

6.1 North America Tonic Water Market Overview
6.2 Tonic Water Market Revenue 2021-2031, (US$ Million)
6.3 Tonic Water Market Forecast Analysis

7. North America Tonic Water Market Analysis - by Type

7.1 Plain
- 7.1.1 Overview
- 7.1.2 Plain: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Flavored
- 7.2.1 Overview
- 7.2.2 Flavored: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million)

8. North America Tonic Water Market Analysis - by Category

8.1 Low/No Sugar
- 8.1.1 Overview
- 8.1.2 Low/No Sugar: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Regular
- 8.2.1 Overview
- 8.2.2 Regular: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million)

9. North America Tonic Water Market Analysis - by End User

9.1 On-Trade
- 9.1.1 Overview
- 9.1.2 On-Trade: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million)
9.2 Off-Trade
- 9.2.1 Overview
- 9.2.2 Off-Trade: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million)

10. North America Tonic Water Market - Country Analysis

10.1 North America
- 10.1.1 North America: Tonic Water Market Breakdown, by Key Country, 2023 and 2031 (%)
  - 10.1.1.1 North America: Tonic Water Market - Revenue and Forecast Analysis - by Country
  - 10.1.1.2 United States: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.2.1 United States: Tonic Water Market Breakdown, by Type
    - 10.1.1.2.2 United States: Tonic Water Market Breakdown, by Category
    - 10.1.1.2.3 United States: Tonic Water Market Breakdown, by End User
  - 10.1.1.3 Canada: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.3.1 Canada: Tonic Water Market Breakdown, by Type
    - 10.1.1.3.2 Canada: Tonic Water Market Breakdown, by Category
    - 10.1.1.3.3 Canada: Tonic Water Market Breakdown, by End User
  - 10.1.1.4 Mexico: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.4.1 Mexico: Tonic Water Market Breakdown, by Type
    - 10.1.1.4.2 Mexico: Tonic Water Market Breakdown, by Category
    - 10.1.1.4.3 Mexico: Tonic Water Market Breakdown, by End User

11. Competitive Landscape

11.1 Heat Map Analysis
11.2 Company Positioning and Concentration

12. Tonic Water Market Industry Landscape

12.1 Overview
12.2 Mergers and Acquisitions
12.3 Agreements, Collaborations, and Joint Ventures
12.4 New Product Launches
12.5 Expansions and Other Strategic Developments

13. Company Profiles

13.1 The Coca-Cola Co
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Fevertree Drinks Plc
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Thomas Henry GmbH
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Q Tonic LLC
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 East Imperial Beverage Corp
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Britvic Plc
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 White Rock Beverages Ltd
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments

14. Appendix

14.1 About The Insight Partners