NEWS | Industry Updates
Shining future for sparkling water
According to the latest research by InsightAce Analytic, the global sparkling water market size valued at US$ 29.3 billion in 2021 and it is expected to reach US$ 67.6 billion in 2030, recording a promising growth rate of 10% during the period of 2022-2030. Sparkling water is a naturally carbonated refreshing drink and is the best alternative to alcoholic and carbonated beverages. In addition, this water has many health benefits. It helps to improve the digestive system and reduces the risk of heart health issues. The growing demand for sparkling water over sodas and other sweetened fizzy beverages is anticipated to propel the market growth during the forecast period. Moreover, factors such as increasing number of health-conscious people, changing lifestyles, and high preference for safe and healthy products are expected to create lucrative growth opportunities for this market. However, the high cost of sparkling water compared to other types of water and lack of consumer awareness may limit the growth of the sparkling water market. Geographically, the North American region is expected to dominate the market over the forecast period due to the increasing preference for healthy products and easy product availability.
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Similarly, Europe and Asia Pacific regions also accounted for a significant share in 2020 due to the rising demand for sparkling water. Prominent key players are developing new products according
to the requirement of health-conscious consumers to promote their products in the global market, which is likely to drive the sparkling water market growth. For instance, in February 2021, PepsiCo, Inc. introduced five new caffeinated sparkling water flavours: mango passion fruit, blood orange grapefruit, triple berry, blueberry pomegranate, and citrus cherry flavours, under its bubly brand. These launches are increasing product visibility in the market. Some of the key players in the sparkling water market are Nestle,
PepsiCo Inc., Keurig Dr Pepper Inc., The Coca-Cola Company, SANPELLEGRINO S.P.A., Danone S.A., Clear Cut Phocus, National Beverage Corp., Caribou Coffee Operating Company, Inc., GEROLSTEINER, BRUNNEN GmbH & Co. K.G., Evian, Mountain Valley Spring Company, L.L.C., Tempo Beverage Ltd, Reignwood Group, COTT Corporation, Crystal Geyser Water Company, A. G. BARR p.l.c. Icelandic Water Holdings ehf, CG Roxane, L.L.C., Vichy Catalan Corporation, and Other Prominent Players. Leading manufacturers of this market focus on strategic acquisitions, partnerships, expansions, mergers, and collaborations. • In Jan 2022, Evian debuted its first-ever sparkling water — in both can and bottle versions.
• In May 2021, Nestle Waters acquired Sparkling Spring Mineral Water Co., a leading distributor of home and office products..
• In January 2020, Keurig Dr Pepper Inc. acquired Limitless, a U.S.- based caffeinated sparkling water company..
• In May 2019, National Beverage Corp. launched a new flavour, Hi-Biscus!, under its LaCroix brand. This new sparkling beverage has no carbohydrates, sweeteners, or sodium.
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