Tonic Wine Market

Tonic Wine Market Size, Growth, Forecast (2023-2028)

Tonic Wine was estimated at around USD 1.89 billion in the year 2023 It is expected to grow USD 3.1 billion by 2028 at a CAGR of 5.8% between 2023-2028 

Tonic Wine Market Overview:

Tonic wine is made of a blend of herbs and fruit extracts. It is used as a medicine due to its medicinal and nutritional properties. The alcohol content is relatively lower at around 5%. Physiologically, it is made up of active ingredients that help to improve health. It is a healthy wine that boosts energy and has a positive impact on sexual vitality. It was first invented in Devon, England and now is commercially produced and sold worldwide.The rising benefits that it has on health are fostering the growth of the market in the next six years. The rapid growth and development of e-commerce platforms are expected to foster the growth of the tonic wine market. It is not easy to find. Hence, in such cases, the online sales channels may provide the consumers with perfect product finder solutions. The easy home delivery and payment options are the major benefits of the online sales channels that may boost the sales of tonic wine.

REPORT COVERAGE:

Tonic Wine Market Growth:

The market has grown exponentially over the years due to globalization, industrialization, and wide access to information regarding various types of wines, their flavours and the corresponding health benefits of each component added to the wine. This has resulted in the formation of a more knowledgeable and sophisticated consumer base who have a better understanding of the value of the product. This is one of the major reasons paving the way for growth in the tonic wine market.

Tonic Wine Market Drivers:

The tonic wine market is expanding due to the rapid growth in the food and beverages industry and increased health consciousness among people. The beverage industry is seeing an influx of new flavours and premiumization of this wine which has been positively influencing the growth of the market.

Food technology has been developing at a rapid rate and new processes and procedures to alter the existing winemaking methodologies are gaining traction worldwide. Besides this, the online retail platforms selling this wine are on the rise as well. It becomes easy to locate and pay with easy home delivery and easy payment alternatives to support the system, thus, boosting the global tonic wine market growth. Packaging plays a vital role in the growth of the market as well. A can of aluminium has a shelf life of five years and is convenient for the consumers to store wine in them and use as and when needed. The other factors influencing the growth of the market could be rising disposable incomes, flavour innovation, advanced distribution networks, changing lifestyles, and growing acceptance amongst the people of the emerging economies.

Tonic Wine Market Restraints:

The export and import of materials used to make tonic wine was hampered by the government-imposed travel restrictions. This hindered the growth of the market during the time of Covid. The market expansion was also restricted due to the temporary closures of the pubs, restaurants, supermarkets, and chocolate speciality stores. The rising trend of alcohol abuse and the presence of substitutes may pose a threat to the growth of the market as well.

Recent Developments in the Global Tonic Wine Market:

Eldorado tonic wine was acquired by JW Filshill, a Glasgow-based wholesaler, which devised new marketing strategies to cater to the various sections of the market.

Tonic Wine Market Segmentation: 

By Type:

• Magnum Tonic Wine

• Buckfast Tonic Wine

• Sanatogen Tonic Wine

• Mandingo Tonic Wine

The Market is segmented into four categories based on type. They are Magnum Tonic Wine, Buckfast Tonic Wine, Sanatogen Tonic Wine and Mandingo Tonic Wine. Buckfast Tonic Wine was the top-selling wine and held the largest market share which was almost more than half of the market globally. Buckfast Tonic Wine is popular due to its nutrient-rich properties among the working classes, students and Bohemian groups in the UK and Ireland making it one of the most sought-after wines.

However, the market for Magnum Tonic Wine is predicted to increase at a CAGR of 5.6% because it is a delightful alcoholic beverage with a distinct and unique flavour and is also priced low.

By Application:

• Household

• Food services

• Institution

Based on application, the market is segmented into three categories namely Households, Food services and Institutions. Among these, the food services category is the dominant category because this wine is used extensively in the food and beverage industry.

By Distribution Channel:

• B2B
• B2C

  • Modern Trade

  • Traditional Liquor Stores

  • Drugstores and Pharmacies

  • Speciality Stores

  • Online Retail

  • Other Retail Formats

The market, based on the distribution channel can be divided into two categories namely B2B and B2C. The B2C can be further segmented into various categories such as Modern trade, Speciality stores, Online retail and so on.The B2C category dominates the market segment. The tonic wine market size is estimated to rise due to the burgeoning growth and development of e-commerce platforms. This wine is difficult to come by. Consequently, in this situation, online sales channels may be able to give consumers ideal product finder solutions with easy home delivery and payment options.

Tonic Wine Market Regional Analysis: 

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Russia

  • Portugal

  • Rest of Europe

Europe is the leading region dominating the market globally. This is attributable to an increase in per capita consumption of this wine in top European countries such as Portugal, the UK, Germany, France, Italy, and Spain. Moreover, it is gaining rapid momentum among European consumers and Europe is expected to retain its leading position throughout the forecast period.

• North America

  • U.S.

  • Canada

  • Mexico

North America is anticipated to grow due to the rise in awareness about tonic wine, the rise in demand for premium and luxury products and the demand for healthy food amongst the population.

• Asia-Pacific

  • China

  • Japan

  • India

  • Australia

  • Rest of Asia-Pacific

The Asia Pacific region is forecasted to grow at a fast rate with china being the major driver behind the growth. It is used to relax the mind, and nervous system. It also aids in increasing vitality and well-being and maintaining liver function. Other advantages of tonic wines include weight loss, blood pressure control, reduced cancer risk, and prevention of gallstones and kidney stones.

• Latin America

• The Middle East and Africa

Tonic Wine Market Key Players:

1. Buckfast Abbey

2. Campari Group

3. Sainsbury's

4. Portman Group

5. Reggae Treats

6. Dee Bee Wholesale

7. AhmadiAnswers

8. Herb Affair