Industry Background:
Sparkling water market has high growth prospects owing to growing popularity among the health-conscious people, as it is emerging as a healthier substitute for soft drinks. It dissolved carbon dioxide gas which is artificially injected under pressure or occurs due to natural geological processes. The major players in the market are Coca-Cola, Pepsi Co., and others. Leading market players are focusing on strategic partnerships and new product launches to improve their product offerings. For Instance, Coca-Cola announced to launch a new sparkling water brand, AHA in early 2020. The company is focusing on the expansion of the product line owing to rising customer demand for healthier beverage alternatives. Moreover, growing demand from the developing economies further expected to fuel the market demand during the forecasted period.This growth is primarily driven by Changing Lifestyle Standard Fueled By Rise in Purchasing Power
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2022-2028 |
Volume Unit | Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Beverages sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Nestlé Waters North America (United States), PepsiCo (United States), THE COCA-COLA COMPANY (United States), DS Waters of America, Inc. (United States), National Beverage Corp. (United States) and Talking Rain (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
24th September 2019, Coca-Cola announced to acquire natural mineral water and sparkling beverages manufacturer, Acque Minerali Srl based in Italy. and 5th December 2018, PepsiCo Inc. acquired carbonated soft drink manufacturer, SodaStream International Ltd., in Israel to expand its product portfolio.
The sparkling water market is fragmented owing to the presence of several small and large dealers who compete in terms of price, quality, reputation, innovation, and distribution. The rapidly changing consumer spending pattern has increased the market scenario, consequently affecting the producer’s performance. To sustain themselves in such a competitive market environment, it is important for the market players to discriminate their product offerings through a unique and clear value proposition. Also, vendors need to focus on the expansion of their distribution channels to increase their product availability and market penetration.
Regulatory Insights:
"Food and Drug Administration (FDA) has established Current Good Manufacturing Practices (CGMPs) for carbonated soft drinks, which describe the basic steps manufacturers and distributors must follow to make sure carbonated soft drinks are safe. Additional labeling information on carbonated soft drinks containers includes the name and address of the manufacturer, packer or distributor, net quantity, all the ingredients, and chemical preservatives. Moreover, Diet carbonated soft drinks containing phenylalanine must also include the statement, Phenylketonurics: Contains Phenylalanine as a too high dose of this can cause damage to the brain."
Influencing Trend:
Emphasizing On Innovations in the Packaging of the Product and Growing Health Awareness among Consumers
Market Growth Drivers:
Changing Lifestyle Standard Fueled By Rise in Purchasing Power and Growing Demand for Processed Beverages
Challenges:
Lack of Consumer Awareness in Some Regions
Restraints:
Stringent Government Regulations Regarding Sparkling Water
Opportunities:
Rising Demand for Healthy and Nutritious Beverages and Growing Demand from the Developing Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Sparkling Water Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Sparkling Water Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Sparkling Water players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Sparkling Water Study Sheds Light on
The Sparkling Water Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Sparkling Water industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Sparkling Water industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.