Tonic Water Market

The Tonic Water Market is anticipated to expand at a CAGR of 7.2% over the forecast period, touching USD 1,356 million by 2027. Accelerating per capita income because of the advancements and marketing of tonic water and its growing prominence because of accessibility of different variants will drive the market growth.

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Tonic Water Market Dynamics

Tonic water is consumed as a health drink because of the presence of quinine, which is a medicine used to cure malaria and babesiosis. These therapeutic features of tonic water are likely to propel the growth of the tonic water market. Growing consumption of alcoholic drinks such as vodka and gins is another factor strengthening the market size. Tonic water is the most commonly consumed soft drink with spirits. Furthermore, manufacturers in the market are offering products with added sugars and different flavors. These ongoing innovations and product launches in the tonic water will fuel the Tonic Water Market share.

Regional Analysis

The North American region is predicted to lead the market over the forecast period. This is because of the highest number of consumers of tonic water in the U.S. and Canada. Moreover, these nations have a huge consumer base for gin, which, in turn, increases the demand for tonic water. Thus, the growing consumption of these spirits is fuelling the demand for tonic water.

Market Segmentation
Tonic Water Market by Product Type
  • Regular
  • Diet
Tonic Water Market by Distribution Channel
  • Supermarket/hypermarket & Convenience stores
  • Online Retailers
  • Others
Tonic Water Market by Region:
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

 

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