Sparkling Water Market May Set a New Epic Growth Story
Research Reports
Apr 14, 2022
Overview
Businesses in the global sparkling water market are shifting their views on expanding beyond conventional markets, given the rapidly changing market scenario. A report by industry experts suggests that during the coming years, the sparkling water market is expected to experience a steady growth rate led by increasing demand from developing economies. The sparkling water sales growth will be supported by rising consumer spending power combined with increasing competitive pressure across the global market. Consumers often prefer premium quality water for consumption due to the rising levels of pollution in drinking water, so sparkling water is also favored due to its numerous health benefits, increasing domestic consumption. The market for sparkling water will register a higher growth rate during the forecast period, says the report.
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Market Segmentation
To better analyse the global market, analysts have segmented the sparkling water market on the basis of category, packaging type, distribution channels, and regions. Based on categories, the global sparkling water market has been categorized into plain and flavoured sparkling water subsegments. On the basis of packaging type, the market has been further segmented into cans, bottles, and other packaging solutions available. The distribution channel segment covers store-based and non-store based distribution solutions. In terms of store-based distribution, the channels are segmented into hypermarkets and supermarkets, convenience stores, and others. In addition, the report reveals that companies in the global sparkling water market are further concentrating on the development of plain sparkling water due to the rising preference for unflavored sparkling water. In addition, in the forecast period, the industry holds good potential growth prospects with the high demand for beverages together with the increasing grab-and-go trend in the food industry.
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Regional Overview
The global market for sparkling water has been segmented into different regional markets. The regional markets analysed in the report are North America, Asia-Pacific, Europe and the rest of the world. These regional markets are also categorized into country-level markets and all the data derived as a result of the analysis of these regions has been presented individually in text-rich and visually rich formats. The country-level markets covered in the report are as follows. In North America, the report covers the United States, Canada, and Mexico regional markets. In Asia-Pacific, markets across Japan, China, India, New Zealand, and Australia are covered along with other Asian countries. In Europe, the markets covered are France, Italy, Germany, UK, and other parts of Europe. Similarly, a detailed analysis of country-level markets of the Middle East, South America, and Africa has been presented in the report.
Competitive Landscape
This study is designed to evaluate and estimate sparkling water market size across different types, uses, and markets. The detailed analysis includes short-term and long-term developments that influence the business environment. In addition, the report also includes market drivers, constraints and future opportunities. Focused on in-depth market analysis with insights from industry leaders, the global sparkling water market report is carefully prepared keeping accuracy of data and value at the core. The market research report covers the industry trends and opportunities for growth over the next few years. Detailed profiles of key players operating in the global market are also included in the report. The report also covers analysis and information about mergers, acquisitions, service contracts, policies, new products and development plans of these companies.
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Industry News
Lavit, a US based company behind popular countertop beverage systems has attracted an investment from Coca-Cola European Partners. The latter is aiming to reduce package waste and carbon footprints. The transaction (the amount of which was not disclosed) was made through CCEP Ventures which is the company’s investment arm. According to CCEP, the collaboration with Lavit would advance the goals of the organization to develop and test new distribution strategies as a strategically important path to the elimination of waste materials.
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