Sparkling water, a non-alcoholic beverage that is widely available, has gained popularity as a healthier alternative to soda. It is carbonated and available in a variety of flavours to appeal to a wide range of tastes. It is sugar-free, unlike soda water, making it an appealing option for people looking for a lower-calorie drink. Sparkling water, which is typically created from mineral water, includes less solid minerals and is infused with carbon dioxide, resulting in a delightful and effervescent experience. Sparkling water has become a popular choice for people looking for a fizzy and healthier alternative to classic sodas due to its broad selection of flavours and sugar-free nature.

Sparkling Water Market REPORT SCOPE & SEGMENTATION

Sparkling Water Market Dynamics

Several variables influence the market dynamics of the sparkling water sector. Consumer preferences for healthier beverage options, as well as a shift away from sugary carbonated drinks, contribute to market growth. Global demand for sparkling water is being stimulated by increased health consciousness and disposable wealth. Strategic marketing efforts, product innovation, and the introduction of enticing flavour alternatives all assist the industry. Furthermore, the availability of sparkling water in a variety of packaging types, as well as the expansion of distribution channels, help to drive market growth. However, problems such as pricing competitiveness, regulatory factors, and environmental concerns over packaging materials are continuous concerns for market participants to address.

Sparkling Water Market Drivers

The increased preference for sparkling water over sugary carbonated beverages and sodas has greatly contributed to the rise in consumer demand for sparkling water. This shift in consumer behaviour across all age groups has been critical in fuelling the expansion of the sparkling water market. The trend of embracing healthier options and seeking out innovative drinks has had a favourable impact on the industry's growth.

The increased preference for sparkling water over sugary carbonated beverages and sodas has greatly contributed to the rise in consumer demand for sparkling water. This shift in consumer behaviour across all age groups has been critical in fueling the expansion of the sparkling water market. The trend of embracing healthier options and seeking out innovative drinks has had a favourable impact on the industry's growth.

• Restraints:

The market growth of sparkling water can face obstacles due to the lower pricing of other carbonated drinks. The competitive pricing of alternatives could potentially hinder the adoption of sparkling water among consumers. Furthermore, domestic levies and bottlenecks in shipping lanes present hurdles to the sparkling water business. These variables might have an impact on the price and availability of sparkling water, thereby affecting market growth and making it harder for industry participants to reach consumers and maintain profitability.

• Opportunities:

Strategic commercial advertisements on bottled water create lucrative opportunities for market players in the forecast period. These well-planned promotional campaigns help raise awareness about the benefits and unique features of bottled water, such as its purity, convenience, and health advantages. Market participants can attract more customers and enhance revenues by efficiently reaching out to consumers through advertising. These commercials have a tremendous impact on customer perceptions and choices, propelling the bottled water market's development and profitability.

• Segment Overview

By Product Type

Water market segmentation includes a variety of product kinds such as purified water, mineral water, spring water, and sparkling water. Purified water is treated to remove impurities and pollutants, ensuring its cleanliness and safety. Mineral water is derived from natural springs and contains minerals that are beneficial to one's health. Spring water is gathered from naturally occurring springs, providing a natural and pure source of water. For those looking for a fizzy beverage choice, sparkling water mixed with carbon dioxide gives a frothy and delightful experience. Each variety caters to distinct consumer tastes and requirements.

By Category Type

Water industry is segmented into two major categories: plain water and flavoured water. Plain water is unflavoured water that is free of any additions or flavours. Those looking for an easy and refreshing hydration alternative often seek it out. Flavoured water, on the other hand, contains a variety of fruit-infused or artificially flavoured choices. These flavoured waters include a hint of flavour and appeal to those who seek a more enriched and tasty drinking experience. The categorization enables users to select water options based on their taste preferences.

By Packaging Type

The segmentation is based on different packaging forms, such as bottles, cans, and other packaging options. Bottles are a popular packing style because they are convenient and portable. They come in a variety of sizes and materials, including plastic, glass, and reusable choices. Cans are a convenient and lightweight solution for on-the-go consumption. Pouches, cartons, and tetra packs are examples of different formats for water packing. The packaging type segmentation enables consumers to select water goods depending on their chosen packaging format and convenience.

By Distribution Channel

Water industry segmentation can also be done based on distinct distribution channels: store-based and non-store-based. Supermarkets, convenience stores, grocery stores, and other retail facilities where consumers may physically purchase water products are examples of store-based distribution networks. These channels provide ease and quick access to a variety of water options. Non-store distribution methods include internet platforms, e-commerce websites, and home delivery services, which allow users to buy liquid items online and have them delivered to their door. Based on their convenience and shopping interests, consumers can select their preferred distribution channel for purchasing water through this segmentation.

Sparkling Water Market Overview by Region.

Asia-Pacific

Experiencing a notable compound annual growth rate (CAGR), the Asia Pacific region has secured a significant revenue share in the global sparkling water market. The region's robust performance underscores the increasing demand and adoption of sparkling water as a favored beverage choice. With its expanding market share, Asia Pacific emerges as a prominent player in the global sparkling water industry, contributing significantly to its overall revenue growth.

North America

North America has emerged as the dominant region in the sparkling water market, owing to rising consumer preference for healthier alternatives to soft drinks. With an increasing emphasis on health and wellbeing, consumers in North America are actively seeking beverages that provide a refreshing taste without the high sugar level seen in classic sodas. The region's well-established beverage distribution infrastructure, as well as the strong presence of important market competitors, has aided the expansion of the sparkling water industry. As a result, North America's demand for sparkling water remains high, contributing to the region's market dominance.

Sparkling Water Market Competitive Landscape

The competitive environment of the sparkling water industry is highly fragmented, with numerous large and small firms competing for market share. This environment breeds fierce competitiveness in the sector. To obtain a competitive advantage, major beverage firms, as well as niche competitors and startups, aggressively participate in the market, bringing new flavours, packaging innovations, and marketing methods. The market's dynamic character supports innovation and a diversified range of products, providing customers with a diverse range of options in the sparkling water category. The major players in the market are, PepsiCo, Nestlé, The Coca-Cola Company, CG Roxane, LLC, Tempo Beverage Ltd, Keurig Dr Pepper Inc, Dr Pepper/Seven Up, Inc, Ferrarelle, SANPELLEGRINO, Reignwood Investments UK Ltd, LaCroix Beverages, Inc, GEROLSTEINER BRUNNEN GMBH & CO. KG, Mountain Valley Spring Water.

Sparkling Water Market Recent Developments

In Jan 2022,

'Zenzi' announced that it is set to make a significant impact in the sparkling water market in India.

Scope of Sparkling Water Market Report

Sparkling Water Market Report Segmentation

Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

• Sparkling Water Market Size and Forecast:

To identify and estimate the market size for Sparkling Water Market segmented by product type, category type, packaging type, distribution channel, and by value (in U.S. dollars). Also, to understand the consumption/ demand created by consumers between 2023 and 2031.

• Market Landscape and Trends:

To identify and infer the drivers, restraints, opportunities, and challenges for Sparkling Water Market

• Market Influencing Factors:

To find out the factors which are affecting the market of sparkling water market among consumers

• Company Profiling:

To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.