According to the latest research report by The Insight Partners, Sparkling Water Market was valued at US$ 23,271.30 million in 2021 and is projected to reach US$ 55,298.58 million by 2028; it is expected to grow at a CAGR of 11.7% from 2021 to 2028.The report highlights key factors driving the market growth and prominent players along with their developments in the market.
Health Benefits Associated with Sparkling Water Escalate Sparkling Water Market GrowthOne of the most popular substitutes for soft beverages like soda and juices is sparkling water. Under pressure, carbon dioxide is added to water to create sparkling water, a calorie-free alternative to soft drinks. It is offered in flavors and plain varieties with additional sugar and sweeteners. Sparkling water helps with weight loss and keeps people hydrated. According to research, sparkling water helps to ease constipation and promotes digestion. Due to its health advantages and lower calorie content when compared to other soft drinks, sparkling water is currently becoming more and more popular.
Consumers are gradually converting to healthy and creative drinks, such sparkling water, as a replacement for sodas and other sugary carbonated beverages due to the growing trend of adopting a healthy lifestyle among all age groups. Approximately 64% of consumers prefer functional beverages without extra calories, according to Nestlé, a food and beverage business with its headquarters in Switzerland. Additionally, consumers of a younger demographic are increasingly choosing sparkling water over plain water due to their appreciation for tastes.
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Impact of COVID-19 Pandemic on Sparkling Water Market
As COVID 19 spread over the world, the majority of nations declared a health emergency and halted unnecessary travel, which had a significant impact on the supply chain of products. This increased consumer demand for immune-boosting, healthful foods and beverages. The market circumstances restarted with the requisite precautions when the COVID 19 restrictions were relaxed. The pandemic had a significant impact on consumer purchasing decisions about wholesome foods and drinks. The bulk of public spaces and offices were shut down during the first few months of the Covid-19 pandemic, which had a significant negative impact on the commercial demand for sparkling water.
The market for Sparkling Water is concentrated with some very well-established players. Some of the key players in the Sparkling Water Market include
- A.G. Barr
- Crystal Geyser Water Company
- Talking Rain
- National Beverage Corp
- Asahi Group Holdings, Ltd.
- The Coca-Cola Company
Sparkling Water Market is Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America
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