Share on

Tonic Water Market by Product Type (Regular and Diet), By Distribution Channel (Online Retail, Hypermarket/Supermarket & Convenience Stores, and Others), and by Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023–2028

Published: March, 2023
ID: 10812
Pages: 175
Formats: report pdf report excel report power bi report ppt

Tonic Water Market Size, Share, Growth (2023-2028)

Tonic Water Market size was at US$ 0.91 billion in 2023 to reach US$ 1.27 billion by 2028 with (CAGR) of 6.90%  between (2023-2028)

Tonic Water Market

Tonic Water Market Overview:

Tonic water refers to carbonated soft drinks in which quinine is dissolved. It is a carbonated soft drink with quinine derived from tree buds or bark. The higher the quinine level in the water, the more bitter it tastes. Tonic water is available as a regular drink and as a scented drink. Originally, tonic water was used as an antimalarial medicine, but now it contains much less quinine and people are consuming it more and more. It is often used in alcoholic beverages, especially gin and tonics. Quinine is commonly used as an antimalarial agent, and tonic water generally contains a fairly low quinine content and is consumed with a distinctively bitter taste. Quinine is no longer used as the main drug for malaria due to the advent of other treatment options and medications, but it is included in the WHO essential drugs list. Regular consumption of tonic water can lead to side effects such as stomach cramps, nausea, vomiting, diarrhea, and tension. However, most tonic waters today are low in quinine and used primarily for flavor. Due to its low quinine content, it is less bitter and generally sweet with corn syrup or high fructose sugar. Medicinal tonic water originally contained only carbonated water and large amounts of quinine. It is often consumed with regular unscented content or combined with alcohol or fruit juice. Whether taken as a blender with alcoholic beverages or for a crisp, foamy taste, neither version provides important nutrients. Its main benefit is rehydration with drinking water. Traditional tonic water contains added sugar and diet tonic water contains artificial sweeteners. The diet version of tonic water is very low in calories.

Tonic Water Market Growth:

Increased disposable income from modernization is supposed to lead the global tonic water market going forward.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022–2028

Base Year

2022

Forecast Period

2023-2028

CAGR

6.90%

Segments Covered

By Product Type, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

The Coca-Cola Company, Fentimans Ltd, Powell And Mahoney LLC, White Rock Products Corp, Luscombe Drinks, Monster Beverage Corporation, Fevertree Drinks PLC, East Imperial Superior Beverages, MBG International Premium Brands GmbH, Boylan Bottling Co Inc, JACK RUDY COCKTAIL CO and Others.

Tonic Water Market Drivers:

Globally, increased alcoholic beverage intake is estimated to remain the dominant force driving market demand for tonic water. Also, the rising number of breweries producing gin is driving the market.

It is also expected to have a significant impact on the worldwide tonic water market as the number of clubs and salons that are foreseen to increase the need for these mixes increases. Several market participants are focusing on introducing a wider variety of tonic water products in terms of texture, price, taste, and packaging. It even contains other ingredients and caloric content. Today, more and more consumers are focusing on health by reducing their total caloric intake. Because of this, a sugar-free tonic variant is showing up in retail stores. This has led to further adoption of strong longevity and is expected to continue throughout the outlook period. Also, rising disposable income and urbanization are other factors that are expected to stimulate the market. Increased intake of alcoholic beverages, clubs, lounges and bars is expected to drive the growth of the tonic water market. In addition, modernization is increasing the popularity of tonic water due to the increase in people's disposable income, the promotion of tonic water as a blender with alcohol, a variety of variations, and an increase in popularity on social media and the Internet. Strong longevity sales are another factor driving market growth. The increased consumption of alcoholic beverages such as gin, vodka and many other types of cocktails is one of the main drivers of the market. Additionally, tonic water contains a lot of quinine, which helps reduce the likelihood of malaria and other leg-related medical problems. These medicinal properties are expected to drive market growth during the forecast period.

Tonic water is one of the most consumed soft drinks with alcohol in the world. Many drinks contain strong tonic water, which adds bitterness to the cocktail. These medicinal properties are expected to drive market growth during the forecast period. Tonic water is one of the most consumed soft drinks with alcohol in the world. Tonic water is widely consumed as a health drink due to the presence of the substance quinine, a drug used to treat malaria and baby disease. Market manufacturers offer a variety of products with added sugar and flavor. These innovative benefits associated with tonic water are driving demand for products around the world. Many drinks contain powerful tonic water, which adds bitterness to your cocktails. The market promotes tonic water with alcohol and blenders, modernizes and allows various variations, increasing the popularity of tonic water and increasing the popularity of tonic water on social media and the Internet, increasing tonic water sales as income increases available from people. Additionally, the growth of clubs, lounges and bars is expected to drive the growth of the tonic water market Share. Market participants are focusing on launching new flavors of tonic drinks with ingredients like chocolate, pomegranate, and lemongrass with ginger. The addition of ingredients like natural sweeteners, antimalarials and antimalarials of natural origin without sugar is foreseen to attract more health-conscious consumers and accelerate the growth of the market. Increasing people's health awareness of calorie reduction is determined to create untapped opportunities for the toner market.

Tonic Water Market Segmentation:

Depending on the type of product, the diet segment is expected to grow at a higher CAGR during the foreseen period as low-calorie products become more popular with consumers. Consumers are increasingly choosing a healthier lifestyle, which is shifting their food and beverage preferences to low-sugar or sugar-free soft drinks. Diet Tonic Water contains artificial sweeteners that give it a sweet taste without sugar. This is due to the variety of products available on the market. Additionally, sugar and various flavors are added to the general tonic water, which attracts customers in the global market.

Based on the distribution channels

  • hypermarket

  • supermarkets

Online sales of tonic water are growing significantly around the world due to the enormous convenience associated with it. Also, with the growing penetration of the internet and smartphones among consumers, all the giants of hypermarkets, supermarkets and convenience stores are entering e-commerce. In addition to this, these online shopping portals provide maximum customer engagement with an increase in digital sales from people around the world. However, swapping tonic water with gin and other spirits provides a decent opportunity for the tonic water market Growh.

Tonic Water Market Regional Analysis:

  • North America

  • Europe 

  • The Asia Pacific

  • Latin America

  • Middle East and Africa

North America is the largest manufacture of tonic water market is providing several opportunities during the forecast period. The increasing use of tonic water as a mixer for gin and other alcoholic beverages, the increasing number of new product launches, and continued product innovation will greatly drive the growth of the tonic water market in the area during the foreseen period. The Asia Pacific region is estimated to be the fastest growing area from 2020 to 2025 with an annual average of 7.7%. The consumption of a wide variety of alcoholic beverages such as whiskey, vodka, gin, and rum is found in India, China, and Indonesia. The increasing consumption of various types of alcohol is increasing the demand for tonic water in the locale. The European tonic water market is expected to show rapid growth due to the high propensity to consume alcoholic and non-alcoholic beverages.

Tonic Water Market Key Players:

  1. The Coca-Cola Company

  2. Fentimans Ltd

  3. Q Drinks, Diageo Plc

  4. Powell And Mahoney LLC

  5. White Rock Products Corp

  6. Luscombe Drinks

  7. Monster Beverage Corporation

  8. Fevertree Drinks PLC

  9. East Imperial Superior Beverages

  10. MBG International Premium Brands GmbH

  11. Boylan Bottling Co Inc

  12. JACK RUDY COCKTAIL CO

  13. Sygama SA

  14. Casalbor, SL

  15. Bradley's Tonic Co

Please wait. . . . Your request is being processed

Related Reports

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: [email protected]

Click for Request Sample