Availability of Substitutes Including Energy and Sports Drinks to Hamper Market Growth. The data offered to us was exactly what we were looking for. The bottled water sales have recently surpassed soft drinks sales in the United States The bottled water sector is thus a leading horse prompting companies to invest and expand their functional offerings. By continuing to visit this site you agree to our use of cookies . Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and . Changing Eating Patterns and Increased Focus on Health. The largest sparkling water brand in the world is San Pellegrino, with $901 million in sales and a market share of 4.9%. The rising consumer preference for healthy alternatives to soft drinks is the major factor driving the segment. Copyright 2002-2023 Research and Markets. Which region dominated the sparkling water market? In this section, the readers will gain an understanding of the key players competing. I appreciate the timeliness and responsiveness of you and your team., (applicable to 1 report only for the same license type), The global functional water market is likely to grow from $13.80 billion in 2021 to $22.97 billion in 2028 at a CAGR of 7.55% in forecast period, 2021-2028, 2020 Fortune Business Insights . Consumers look for better-for-you alternatives to carbonated soft drinks (CSDs), and the innovation in flavor is driving the functional ingredients enriched water category's success. An Infographic Representation of Functional Water Market, To get information on various segments, share your queries with us. Addition or alteration to country, regional & segment scope. The imposed lockdown and stay-at-home orders led people to work from home and work out at home, which initially impacted the sales of energy and sports drink. The list of the top five brands is rounded by La Croix, Bubly, and Perrier, which held respective 13.2%, 8.5%, and 7% of the sparkling water . Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. The rise in CAGR is attributable to this markets demand and growth, returning to pre-pandemic levels once the pandemic is over. Your transaction & personal information is safe and secure. The global marketplace has witnessed a growing inclination towards all-natural and plant-based ingredients that are easily recognizable and accepted owing to their widely known health benefits. July 16, 2021. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. The global Sparkling Water market size was valued at USD 49582.82 million in 2022 and is expected to expand at a CAGR of 10.66 Persent during the forecast period, reaching USD 91059.83. Chapter 2: Detailed analysis of Sparkling Water manufacturers competitive landscape, price, output and revenue market share, latest development plan, merger, and acquisition information, etc. In, Beverage Industry Magazine. Together with the optimistic revenue projections. Micronutrient Segment to Dominate due to Growing Consumer Inclination towards Natural Ingredients. This document analyzes the effect of the pandemic on the zzzz market from a international and nearby angle. The global functional water market size was USD 12.86 billion in 2020 and is projected to grow from USD 13.80 billion in 2021 to USD 22.97 billion in 2028 at a CAGR of 7.55% during 2021-2028. This text provides general information. The report offers various insights on the overview of related markets, recent industry developments such as mergers & acquisitions, the regulatory scenario in key countries, and key market trends. Request a Free sample to learn more about this report. Show publisher information For instance, in 2020, Ocean Spray Cranberries, Inc., an American-based company, launched B1U, a new series of functional beverages made with simple ingredients and in recyclable packaging. Various studies suggested that sparkling water is not as harmful as sodas for dental and bone health. As people's awareness of obesity and diet-related diseases increases, the food and beverage industry is increasingly focusing on adding more fiber to beverages to obtain benefits such as calorie reduction, weight control, and promoting digestive health. Contact the source provider Comtex at [email protected]. This is due to the dominance of plain or unflavoured sparkling water due to its lower price range. We live in purgatory: My wife has a multimillion-dollar trust fund, but my mother-in-law controls it. Bottled Water in Denmark by Mintel Market Sizes provides you with annual year-end market size data, most recently updated in 2019. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come. Global markets are presented by Sparkling Water type, along with growth forecasts through 2028. Profit from the additional features of your individual account. Focuses on the key global Sugar-Free Sparkling Water players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years. to incorporate the statistic into your presentation at any time. The various benefits that sparkling water is providing include helping to stay hydrated longer, reduce weight, maintain blood pressure, and others. Healthy hydration, affordably nutritional, and refreshingly thirst-quenching attributes of functional ingredients enriched water are some of the major growth pillars in the global marketplace. Complimentary 10 hours free analyst time for market review, 3. The major players covered in the Sparkling Water market report are: Get a sample copy of the Sparkling Water Market report 2023. Learn more about how Statista can support your business. Product Movement Analysis & Market Share, 2020 & 2028, 6.1. Published by Statista Research Department , Oct 7, 2016 This statistic shows the sales value of sparkling water in the United States from 2015 to 2016, and provides a forecast until 2021. People also appreciate the artistic and easy-to-see bottle designs, along with attractive labels and stylish bottle shapes that set them apart from the usual water bottles they are used to seeing. Their social media handles are filled with images of athletes (runners, swimmers, skaters, tennis players), and their cans feature striking and elegant animal prints. If you are an admin, please authenticate by logging in again. For instance, PepsiCo Inc. is launching a new drink that is intended to help consumers relax before bed, called Driftwell. Due to varying update cycles, statistics can display more up-to-date Regional and Private Label Brands Eye Expansions to Penetrate New Markets. We earn $400,000 and spend beyond our means. Based on ingredient analysis, the market is divided into micronutrient, botanical extract, and others. With this information, the ones in rate might be capable of create new techniques, which consciousness available in the marketplace possibilities in order to advantage them, making their commercial enterprise efforts profitable with inside the process. Short Summery About Sparkling Water Market: The global Sparkling Water market size was valued at USD 49582.82 million in 2022 and is expected to expand at a CAGR of 10.66 Persent during the forecast period, reaching USD 91059.83 million by 2028.The sparkling water is a form of non-Alcohlic beverage available as carbonated water. The active principles from a variety of super fruits, herbal extracts, and other plant-based ingredients are known to not only serve the functional role of synthetic additives but also substantially increase the nutritional profiles of specialty water. The increasing demand for fortified drinks with the inclusion of essential ingredients like vitamins, minerals, amino acids, and proteins is anticipated to drive the market for functional ingredients enriched water. Chapter 9: Analysis of sales channel, distributors and customers. In addition, we are constantly inclined to conform to the study, which triangulated together along with your very own statistics to make the marketplace studies extra complete for your perspective. Henceforth, functional ingredients added to water are quickly emerging as a distinct and recognizable category. Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry. Key global players, recent developments & their impact on the industry, 1. Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. As of 2021, the global sparkling water industry has a market size of $33.43 billion. For the purpose of this study, Grand View Research has segmented the global sparkling water market report on the basis of product, distribution channel, and region: Product Outlook (Revenue, USD Million, 2016 - 2028), Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028), Regional Outlook (Revenue, USD Million, 2016 - 2028). Regional Movement Analysis & Market Share, 2020 & 2028, 8.1. Portfolio expansion, i.e., new product development, remains one of the most preferred strategies by key market players worldwide. By product, the natural/mineral segment held the largest share of more than 60.0% in 2020. In 2021, the global top five players had a share approximately % in terms of revenue. The global functional water market growth will be propelled by the development of innovative products and the launch of new flavors by manufacturers. The most important key figures provide you with a compact summary of the topic of "Bottled water market in the United States" and take you straight to the corresponding statistics. liability for the information given being complete or correct. The botanical ingredients are associated with immune support as well as another possible physical, mental and emotional attributes. Key players of bottled water are launching sparkling water to gain maximum market share. "Market share of the leading seltzer, bottled sparkling/mineral water brands in the United States in 2021, based on sales." Is there a problem with this press release? These solutions appear in the form of functional foods, as they have the additional function of providing nutritional and health benefits. The Global Sparkling Water Market was estimated to be valued at $29.71 billion in 2020. Please wait while we are processing your request Sparkling Water Market Share & Trends Report, 2021-2028. 02-22-2023 01:21 AM CET | IT, New Media & Software Press release from: Insightace Analytics Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. The brand was closely followed by Private Label which accounted for 16.6% of the US sparkling water market share. Health Benefits of Product to Drive Sales during COVID-19 Pandemic. Moreover, the bundling strategy and economical pricing are responsible for higher sales of functional ingredients added water among supermarkets. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. For the 52 weeks ended May 17, 2020, private labels held a market share. The global sparkling water market size was estimated at USD 29.71 billion in 2020 and is expected to reach USD 33.43 billion in 2021. b. The others segment dominated the global sparkling water market and held a share of 36.4% in 2020. b. These launches are increasing product visibility in the market and are anticipated to boost the market growth over the forecast period. This is an enterprise license, allowing all employees within your organization access to the product. Choose reports from a database of more than 10,000 reports. The Black Razzberry, Beach Plum, and Guava Sao Paulo are zero-sugar, zero-calorie sparkling waters which feature natural essences. For instance, in February 2021, PepsiCo, Inc. introduced five new caffeinated sparkling water flavors, namely mango passion fruit, blood orange grapefruit, triple berry, blueberry pomegranate, and citrus cherry flavors, under its bubbly brand. As a Premium user you get access to the detailed source references and background information about this statistic. What is the sparkling water market growth? We never share your personal data. Sparkling water is generally just water infused with pressurized carbon dioxide. The growth rate of the Global Sparkling Water Market is 12.6%, with an estimated value of $76.95 billion by 2028. Furthermore, membership programs offered by these stores include benefits such as discounts and access to unlimited free delivery to enhance the shopping experience of the customers. Sparkling Water Market Size, Share & Trends Analysis Report By Product (Natural/Mineral, Caffeinated), By Distribution Channel (Hypermarket & Supermarket, Online), By Region, And Segment Forecasts . Copyright 2023 Grand View Research, Inc. All rights reserved. Moreover, the wide availability of both premium and private label brands at these stores attract consumers to purchase products through these channels. HVAC (Heating, Ventilation, & Air Conditioning), Sparkling Water Market Analysis Report - Industry Size, Trends, Insights, Market Share, Competition, Opportunities, and Growth Forecasts by Segments, 2022 to 2029, Alcoholic Infused Sparkling Water Market Analysis Report - Industry Size, Trends, Insights, Market Share, Competition, Opportunities, and Growth Forecasts by Segments, 2022 to 2029, Bottled Water Market Size, Share & Trends Analysis Report by Product (Spring Water, Purified Water, Mineral Water, Sparkling Water), by Distribution Channel (On-trade, Off-trade), by Region, and Segment Forecasts, 2022-2030, Alcoholic Sparkling Water Market Outlook in 2023 and Beyond: Market Size, Market Share, Growth Opportunities, Trends, Forecasts by Types, Applications and Companies to 2030, Global Sparkling Water Market - Forecasts from 2022 to 2027. Asia Pacific market for functional water is also set to experience a significant growth rate as consumers are becoming increasingly aware of the benefits of specialty offerings. HAVE A QUESTION? Jon Stewart to GOP state senator: You dont give a flying f about gun violence. The global Sparkling Water market is expected to grow significantly by 2027 expanding at a reasonable CAGR of around 11% during the forecast period (2021-2027). We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities. This can be seen in the rising demand for beverages that contain ingredients with health and wellness value. Which is the key factor driving the market? How much is the global functional water market worth? However, with more relaxations on rules, the market for the aforementioned functional ingredients added water has started gaining traction again. "Market Share of The Leading Seltzer, Bottled Sparkling/Mineral Water Brands in The United States in 2021, Based on Sales. Bottled Water in Denmark (2019) - Market Sizes. Natural/mineral sparkling water held the largest share of more than 60.0% in 2020. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. The global sparkling water market is expected to grow at a compound annual growth rate of 12.6% from 2021 to 2028 to reach USD 76.95 billion by 2028. b. Natural/mineral sparkling water contributed to the highest share of more than 60% in the global revenue in 2020. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The growing demand for natural and healthy water among consumers is driving the growth of this market. Use Ask Statista Research Service. 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