Global Tonic Water Market to Grow at 5.9% During 2024-2032, Bolstered by the Growing Consumption of Alcoholic Beverages

December 06, 2021 | Food & Beverages

The latest report by IMARC Group, titled “Tonic Water Market Report by Flavor (Plain Tonic Water, Flavored Tonic Water), Packaging Form (Bottles, Cans), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Stores, and Others), and Region 2024-2032,” finds that the global tonic water market reached a value of US$ 854.8 Million in 2023. Tonic water is a carbonated soft drink infused with quinine and derived from the barks of the cinchona tree. However, it contains a significantly lower quantity of quinine and is consumed for its distinctive bitter flavor. Quinine is a bitter compound that is generally used as a prophylactic against malaria. It is also used to prevent and cure babesiosis and other diseases. In recent years, the demand for tonic water has escalated as it contains fewer calories and is combined with alcohol and fruit juice, making it palatable.

Global Tonic Water Market Trends: 

The market is primarily driven by the growing consumption of alcoholic beverages due to the resurgence of the cocktail trend. Besides this, the rising number of clubs, lounges, bars and breweries that serve alcoholic beverages is also facilitating the market growth. In addition to this, with the rising trend of socialization, especially among the expanding young population, there has been escalating demand for tonic water. Nowadays, market players are introducing different variants of tonic water with premium and distinct characters like added flavorings, which is increasing their sales. Moreover, the aggressive promotion on social media and online platforms, the inflating disposable income of individuals and the launch of diet tonic water with less sugar content are some of the other factors that are creating vast opportunities for the market. Looking forward, the market is expected to grow at a CAGR of 5.9% during the forecast period (2024-2032).

Market Summary: 

  • Based on the flavor, the market has been segmented into plain and flavored tonic water.
  • On the basis of the packaging form, the market has been classified into bottles and cans.
  • The market has been categorized based on the distribution channel into supermarkets and hypermarkets, convenience stores, online stores, and others.
  • Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has been examined, with some of the key players being Bradley's Tonic Co., East Imperial Beverage Corporation, El Guapo Bitters, Fentimans Limited, Fevertree Drinks plc, Franklin & Sons Limited, Keurig Dr Pepper Inc., Q Tonic LLC, The Coca-Cola Company, The London Essence Company, White Rock Products Corporation, and Zevia, LLC.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Flavor, Packaging Form, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Bradley's Tonic Co., East Imperial Beverage Corporation, El Guapo Bitters, Fentimans Ltd, Fevertree Drinks plc, Franklin & Sons Ltd, Keurig Dr Pepper Inc., Q Tonic LLC, The Coca-Cola Company, The London Essence Company, White Rock Products Corporation and Zevia
Customization Scope 10% Free Customization
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Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Tonic Water Market to Grow at 5.9% During 2024-2032, Bolstered by the Growing Consumption of Alcoholic Beverages
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