Tonic Wine Market Scope
Tonic wine is a fortified drink which is ready to drink beverage and it is made using various type of herbs and spices for different flavors and tastes along with an alcohol content of 16.5%. It has sweet syrup with distinctive flavors as tonic wine is produced by the fermenting process. They are basically used for medicinal purpose as it consists of vitamins and minerals. It is available is made using herbs and spices such as rosemary, lavender, lemon balm, ginger, cinnamon, etc.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Buckfast (J Chandler & Co) (United Kingdom), Ian Macleod Distillers Limited (United Kingdom), GK Foods & Services Ltd. (GraceKennedy Limited) (Jamaica), Davide Campari-Milano S.p.A (Italy), Sanatogen (United Kingdom), Mountain Mead Ltd. (United Kingdom) and John Crabbie & Company (United Kingdom) |
CAGR | % |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market shortly. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Research Analyst at AMA estimates that Global Vendors will contribute to the maximum growth of Global Tonic Wine market throughout the predicted period.
Buckfast (J Chandler & Co) (United Kingdom), Ian Macleod Distillers Limited (United Kingdom), GK Foods & Services Ltd. (GraceKennedy Limited) (Jamaica), Davide Campari-Milano S.p.A (Italy), Sanatogen (United Kingdom), Mountain Mead Ltd. (United Kingdom) and John Crabbie & Company (United Kingdom) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Tonic Wine market by Type , by Application (Hospital, Clinic, Health Care and Other) and Region with country level break-up.
On the basis of geography, the market of Tonic Wine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In February 2020, Love Tonic, a new mixer brand in the U.K., launched a quinine-free tonic water suitable for blending with gin, vodka, tequila, whisky, or rum
in May 2021, Fentimans will introduce a new 200ml mixers and tonic range. The new 200ml mixer range, which includes Tonic Water as well as Fentimans' iconic Ginger Beer and Rose Lemonade, will be made using Fentimans' 100-year-old artisanal technique. Fentimans' versatile range of coloured and flavoured tonics, suitable for pairing with a wide range of spirit categories, is also included
"The USA's official wine regions are called AVAs (American Viticultural Areas). Wine labels can include an AVA name if at least 85 percent of the wine comes from that area. One legacy of the temperance movement in the USA is that alcohol is perceived in a more negative light here in comparison with attitudes in other wine-drinking countries. US wine labels must by law include a government health warning issued by the Surgeon General, stating women should not drink alcoholic beverages during pregnancy because of the risk of birth defects, and consumption of alcoholic beverages impairs your ability to drive a car or operate machinery and may cause health problems. Wine producer websites require viewers to confirm that they are over the age of 21 before they can enter the site. A few counties, mainly in the South, are dry and do not permit the sale of alcohol."
Influencing Trend:
Introduction of Tonic Wine in Different Packaging Size with Various Range of Herbs & Spices
Market Growth Drivers:
Growing Bevarges Induusty Across the World and Demand for the Fortified Drinks with Health Benefits
Challenges:
Stiff Competition in teh Tonic Wine Market with New Players Entering the Market
Restraints:
Side Effects And Allergy-Related Problem with the Tonic Wine
Opportunities:
Increasing Availability of Tonic Wine in Online Platform and Surging Spendings of People in Alcoholic Beverages will Boost the Tonic Wine Market
Key Target Audience
Tonic Wine Manufacturers, Tonic Wine International Traders, Tonic Wine Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others