Report Overview

Global Sparkling Water Market size estimated at USD 30.48 billion in 2021. It is forecast to grow at a significant CAGR of 9% between 2022 and 2028, to reach a value of USD 57.22 billion by 2028. People worldwide are gradually switching to healthy drinks, including sparkling water, as the trend toward living a healthy lifestyle among all age groups grows. Over the forecast period, global sparkling water market is expected to be driven by consumers' increasing preference for sparkling water over soda and other sweet, carbonated beverages. The bulk of public spaces and workplaces were closed during the first few months of the Covid-19 pandemic, which had a severe negative impact on the commercial demand for sparkling water.

Global Sparkling Water Market - Overview

Sparkling water is seen as a substitute for alcoholic and carbonated beverages, as it is naturally carbonated and refreshing. The sparkling water also has a lot of health advantages. It lessens the chance of heart health problems and aids in improving the digestive system.

Global Sparkling Water Market - Industry Trends and Market Forecast

Growth Drivers

Growing Preference for Healthy Water and Lifestyle

One of the key drivers of the sparkling water market is the rise in consumer preference for sparkling water over sodas and sweet carbonated drinks. The market has benefited from the growing trend of leading a healthy lifestyle among all age groups by switching to healthy and novel drinks. The market's expansion is accelerated by the growing awareness of the value of living a healthy lifestyle. Due to the presence of certain minerals, such as magnesium, calcium, and salt, which further improve digestion and may reduce constipation, people are gravitating toward sparkling water.

Increasing Awareness about Weight Management

The prevalence of obesity among the global population is rising, which has an additional impact on the market. Low sugar content, as opposed to that soda water, aids in maintaining a healthy weight. Sparkling water is seen as a healthier alternative to soda water. This, in turn, could drive the Global Sparkling Water Market.

Restraints

Substantially High Cost of Sparkling Water

High cost of alternative carbonated beverages such as sparkling water, on the other hand, is anticipated to impede the market expansion. The impact of domestic taxes and shipping lanes may affect the growth of the Global Sparkling Water Market.

Segment Coverage

Global Sparkling Water Market - By Product

The natural/mineral sparkling water is a leading segment in the Global Sparkling Water market by product. Consumer’s increasing demand for clean, natural water is fueling the segment's growth. Sparkling water with added caffeine has no calories or sugar and is intended to increase energy. Manufacturers are attempting to introduce new variations of the product with caffeine in it as consumers seek sparkling water with extra advantages. The expansion of this segment is linked to an increase in consumer interest in flavors such as berry, orange, cucumber, and lemon.

Global Sparkling Water Market - By Distribution Channel

Convenience stores, supermarkets, and hypermarkets collectively account for a sizable portion in the Global Sparkling Water Market by channel of distribution. The availability of various premium and private label brands in these retailers also draws customers to these channels for product purchases. To improve consumers' shopping experiences, these stores' membership programs offer advantages including discounts and access to limitless free delivery. The online distribution channel, however, is expected to grow at the fastest rate. One of the key elements boosting sales through the online channel is the change in consumer shopping behavior. Millennials and the younger generation are choosing online platforms because of the advantages they offer, such as buying from the convenience of one's home, doorstep delivery, free shipping, subscription services, and discounts.

Global Sparkling Water Market - By Packaging

The sparkling water market is divided into bottles and cans based on packaging. While the bottles category is expected to record growth at a higher CAGR in the market throughout the projected period, the cans segment held a bigger market share in 2020. Due to the fashionable, vibrant, and compact packaging of cans, millennials are becoming more accepting of them. Sparkling water can be conveniently consumed at anytime and anywhere by consumers holding a can in their hands. Cans have a superior airtight seal characteristic to bottles and limit the amount of light and oxygen that the product packed inside them is exposed to. As a result, sparkling water packaged in cans keeps its flavor and freshness longer than sparkling water packaged in simple, transparent bottles.

Impact of COVID-19 on Global Sparkling Water Market

The global sparkling water market has been impacted by COVID-19. Sales and beverage manufacturing were impeded by low investment costs and a lack of workers. In response, the players adopted new safety measures for developing the products. As it provides benefits such as simple payment options, availability of a wide range of products, doorstep delivery, and significant discounts, the online distribution channel is changing how people shop, which helped the market grow during the pandemic and will help it grow even more during the post-pandemic period.

Regional Insights

In the Global Sparkling Water Market by region, North America holds the leadership position. The primary driver of the regional market is the growing customer preference for healthy alternatives to soft drinks. Consumers are being persuaded to drink sparkling water due to its advantages, such as increased intake, easier digestion, and improved bone and heart health. The easy availability of the product across distribution channels will accelerate the market expansion in the region.

Competitive Landscape

Prominent players in Global Sparkling Water Market include Nestlé, PepsiCo, Inc., National Beverage Corp, Talking Rain, Keurig Dr Pepper Inc., The Coca-Cola Company, Danone S.A., SANPELLEGRINO S.P.A, Clear Cut Phocus, Caribou Coffee Operating Company, Inc., Hiball, RHODIUS Mineralquellen und Getränke GmbH & Co. KG, AQUA Carpatica, Northwest Coffee, Volay Brands, LLC, WakeWater Beverage Co., Big Watt Cold Beverage Co., CG Roxane, LLC, Tempo Beverage Ltd, and Ferrarelle (Italy). These companies follow various strategies including mergers and acquisitions, partnerships, collaborations, and joint ventures to expand their reach in Global Sparkling Water Market.

Recent Developments

• In January 2021, Evian introduced its first sparkling water in both can and bottle forms.
• In February 2021, PepsiCo, Inc., unveiled five new varieties of caffeinated sparkling water. Under its bubbly brand, the flavors include triple berry, blood orange grapefruit, blueberry pomegranate, citrus cherry tastes, mango passion fruit, and blood orange grapefruit.

Scope of the Report

By Product

1.  Natural/Mineral Sparkling Water

•  Flavored
•  Unflavored

2.  Caffeinated Sparkling Water

•  Flavored
•  Unflavored

By Distribution Channel

• Hypermarket & Supermarket
• Convenience Stores
• Online Stores
• Others

By Packaging

• Bottles
• Cans

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation
3. Executive Summary
4. Global Sparkling Water Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   3. Technological Advancement/Recent Development
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
5. Global Sparkling Market Overview
   1. Market Size & Forecast by Value, 2018–2028
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Product
         1. Natural/Mineral Sparkling Water

5.2.1.1.1   Flavored

5.2.1.1.2   Unflavored

              5.2.1.2 Caffeinated Sparkling Water

                       5.2.1.2.1   Flavored

                       5.2.1.2.2   Unflavored

5. 1. 2. By Distribution Channel
         1. Hypermarket & Supermarket
         2. Convenience Stores
         3. Online
         4. Others
      3. By Packaging
         1. Bottles
         2. Cans
      4. By Region
         1. North America
         2. Europe
         3. Asia Pacific
         4. Latin America
         5. Middle East & Africa
6. North America Sparkling Water Market
   1. Market Size & Forecast by Value, 2018–2028
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Product
      2. By Distribution Channel
      3. By Packaging
      4. By Country
         1. United States
         2. Canada
7. Europe Sparkling Water Market
   1. Market Size & Forecast by Value, 2018–2028
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Product
      2. By Distribution Channel
      3. By Packaging  
      4. By Country
         1.  Germany
         2.  United Kingdom
         3.  Italy
         4.  France
         5.  Spain
         6. The Netherlands
         7. Belgium
         8. NORDIC Countries
         9. Rest of Europe
8. Asia-Pacific Sparkling Water Market
   1. Market Size & Forecast by Value, 2018–2028
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Product
      2. By Distribution Channel
      3. By Packaging
      4. By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Australia
         6. Indonesia
         7. Malaysia
         8. Singapore
         9. Philippines
         10. Vietnam
         11. Rest of Asia Pacific
9. Latin America Sparkling Water Market
   1. Market Size & Forecast by Value, 2018–2028
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Product
      2. By Distribution Channel
      3. By Packaging
      4. By Country
         1. 1. Brazil
            2. Mexico
            3. Argentina
            4. Peru
            5. Rest of Latin America
10. The Middle East & Africa Sparkling Water Market
    1. Market Size & Forecast by Value, 2018–2028
       1. By Value (USD Billion)
    2. Market Share & Forecast
       1. By Product
       2. By Distribution Channel
       3. By Packaging
       4. By Country
          1. Saudi Arabia
          2. UAE
          3. South Africa
          4. Qatar
          5. Kuwait
          6. Iran
          7. Nigeria
          8. Kenya
          9. Egypt
          10. Morocco
          11. Algeria
          12. Turkey
          13. Rest of Middle East & Africa
11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)

12. Impact of COVID-19 on Global Sparkling Water Market
13. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
    1. Nestlé 
    2. PepsiCo, Inc. 
    3. National Beverage Corp. 
    4. Talking Rain 
    5. Keurig Dr Pepper Inc. 
    6. The Coca-Cola Company 
    7. Danone S.A. 
    8. SANPELLEGRINO S.P.A 
    9. Clear Cut Phocus 
    10. Caribou Coffee Operating Company, Inc. 
    11. Hiball 
    12. RHODIUS Mineralquellen und Getränke GmbH & Co. KG 
    13. AQUA Carpatica 
    14. Northwest Coffee 
    15. Volay Brands, LLC 
    16. WakeWater Beverage Co. 
    17. Big Watt Cold Beverage Co. 
    18. CG Roxane, LLC 
    19. Tempo Beverage Ltd 
    20. Ferrarelle 
    21. Reignwood Investments UK Ltd
    22. LaCroix Beverages, Inc. (US) 
    23. GEROLSTEINER BRUNNEN GMBH & CO. KG  
    24. Mountain Valley Spring Water
    25. Others
14. Key Strategic Recommendations

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures

Figure 1        Figure 1        Global Sparkling Water System Segmentation

Figure 2        Global Sparkling Water System Market Value Chain Analysis

Figure 3        Company Market Share Analysis, 2021

Figure 4        Global Sparkling Water System Market Size, By Value (USD Million), 2018–2028

Figure 5        Global Sparkling Water System Market Share, By Product, By Value, 2018–2028

Figure 6        Global Sparkling Water System Market Share, By Distribution Channel, By Value, 2018–2028

Figure 7        Global Sparkling Water System Market Share, By Packaging, By Value, 2018–2028

Figure 8        Global Sparkling Water System Market Share, By Region, By Value, 2018–2028

Figure 9        North America Sparkling Water System Market Size, By Value (USD Million), 2018–2028

Figure 10       North America Sparkling Water System Market Share, By Product, By Value, 2018–2028

Figure 11       North America Sparkling Water System Market Share, By Distribution Channel, By Value, 2018–2028

Figure 12       North America Sparkling Water System Market Share, By Packaging, By Value, 2018–2028

Figure 13       North America Sparkling Water System Market Share, By Country, By Value, 2018–2028

Figure 14       Europe Sparkling Water System Market Size, By Value (USD Million), 2018–2028

Figure 15       Europe Sparkling Water System Market Share, By Product, By Value, 2018–2028

Figure 16       Europe Sparkling Water System Market Share, By Distribution Channel, By Value, 2018–2028

Figure 17       Europe Sparkling Water System Market Share, By Packaging, By Value, 2018–2028

Figure 18       Europe Sparkling Water System Market Share, By Country, By Value, 2018–2028

Figure 19       Asia-Pacific Sparkling Water System Market Size, By Value (USD Million), 2018–2028

Figure 20       Asia-Pacific Sparkling Water System Market Share, By Product, By Value, 2018–2028

Figure 21       Asia-Pacific Sparkling Water System Market Share, By Distribution Channel, By Value, 2018–2028

Figure 22       Asia-Pacific Sparkling Water System Market Share, By Packaging, By Value, 2018–2028

Figure 23       Asia-Pacific Sparkling Water System Market Share, By Country, By Value, 2018–2028

Figure 24       Latin America Sparkling Water System Market Size, By Value (USD Million), 2018–2028

Figure 25       Latin America Sparkling Water System Market Share, By Product, By Value, 2018–2028

Figure 26       Latin America Sparkling Water System Market Share, By Distribution Channel, By Value, 2018–2028

Figure 27       Latin America Sparkling Water System Market Share, By Packaging, By Value, 2018–2028

Figure 28       Latin America Sparkling Water System Market Share, By Country, By Value, 2018–2028

Figure 29       Middle East & Africa Sparkling Water System Market Size, By Value (USD Million), 2018–2028

Figure 30       Middle East & Africa Sparkling Water System Market Share, By Product, By Value, 2018–2028

Figure 31       Middle East & Africa Sparkling Water System Market Share, By Distribution Channel, By Value, 2018–2028

Figure 32       Middle East & Africa Sparkling Water System Market Share, By Packaging, By Value, 2018–2028

Figure 33       Middle East & Africa Sparkling Water System Market Share, By Country, By Value, 2018–2028

List of Tables

Table 1         Global Sparkling Water System Market Size, By Product, By Value, 2018–2028

Table 2         Global Sparkling Water System Market Size, By Distribution Channel, By Value, 2018–2028

Table 3         Global Sparkling Water System Market Size, By Packaging, By Value, 2018–2028

Table 4         Global Sparkling Water System Market Size, By Region, By Value, 2018–2028

Table 5         North America Sparkling Water System Market Size, By Product, By Value, 2018–2028

Table 6         North America Sparkling Water System Market Size, By Distribution Channel, By Value, 2018–2028

Table 7         North America Sparkling Water System Market Size, By Packaging, By Value, 2018–2028

Table 8         North America Sparkling Water System Market Size, By Country, By Value, 2018–2028

Table 9         Europe Sparkling Water System Market Size, By Product, By Value, 2018–2028

Table 10        Europe Sparkling Water System Market Size, By Distribution Channel, By Value, 2018–2028

Table 11        Europe Sparkling Water System Market Size, By Packaging, By Value, 2018–2028

Table 12        Europe Sparkling Water System Market Size, By Country, By Value, 2018–2028

Table 13        Asia-Pacific Sparkling Water System Market Size, By Product, By Value, 2018–2028

Table 14        Asia-Pacific Sparkling Water System Market Size, By Distribution Channel, By Value, 2018–2028

Table 15        Asia-Pacific Sparkling Water System Market Size, By Packaging, By Value, 2018–2028

Table 16        Asia-Pacific Sparkling Water System Market Size, By Country, By Value, 2018–2028

Table 17        Latin America Sparkling Water System Market Size, By Product, By Value, 2018–2028

Table 18        Latin America Sparkling Water System Market Size, By Distribution Channel, By Value, 2018–2028

Table 19        Latin America Sparkling Water System Market Size, By Packaging, By Value, 2018–2028

Table 20        Latin America Sparkling Water System Market Size, By Country, By Value, 2018–2028

Table 21        Middle East & Africa Sparkling Water System Market Size, By Product, By Value, 2018–2028

Table 22        Middle East & Africa Sparkling Water System Market Size, By Distribution Channel, By Value, 2018–2028

Table 23        Middle East & Africa Sparkling Water System Market Size, By Packaging, By Value, 2018–2028

Table 24        Middle East & Africa Sparkling Water System Market Size, By Country, By Value, 2018–2028

Table 25        Nestlé Company Overview

Table 26        Nestlé Financial Overview

Table 27        PepsiCo, Inc. Company Overview

Table 28        PepsiCo, Inc.  Financial Overview

Table 29        National Beverage Corp. Company Overview

Table 30        National Beverage Corp. Financial Overview

Table 31        Talking Rain Company Overview

Table 32        Talking Rain Financial Overview

Table 33        Keurig Dr Pepper Inc.  Company Overview

Table 34        Keurig Dr Pepper Inc.  Financial Overview

Table 35        Danone S.A.  Company Overview

Table 36        Danone S.A.  Financial Overview

Table 37        SANPELLEGRINO S.P.A Company Overview

Table 38        SANPELLEGRINO S.P.A Financial Overview

Table 39        Clear Cut Phocus Company Overview

Table 40        Clear Cut Phocus Financial Overview

Table 41        Caribou Coffee Operating Company, Inc.  Company Overview

Table 42        Caribou Coffee Operating Company, Inc.  Financial Overview

Table 43        Hiball Company Overview

Table 44        Hiball Financial Overview

Table 45        RHODIUS Mineralquellen und Getränke GmbH & Co. KG

Table 46        RHODIUS Mineralquellen und Getränke GmbH & Co. KG

Table 47        AQUA Carpatica Company Overview

Table 48        AQUA Carpatica Financial Overview

Table 49        Lab SA Comapany Overview

Table 50        Lab SA Financial Overview

Table 51        Marsulex Environmental Technologies Company Overview

Table 52        Marsulex Environmental Technologies Financial Overview

Table 53        Northwest Coffee Company Overview

Table 54        Northwest Coffee Financial Overview

Table 55        Volay Brands, LLC Company Overview

Table 56        Volay Brands, LLC Financial Overview

Table 57        Big Watt Cold Beverage Co.  Company Overview

Table 58        Big Watt Cold Beverage Co.  Company Overview

Table 59        CG Roxane, LLC Company Overview

Table 60        CG Roxane, LLC Financial Overview

Table 61        Tempo Beverage Ltd Company Overview

Table 62        Tempo Beverage Ltd Financial Overview

Table 63        Ferrarelle Company Overview

Table 64        Ferrarelle Financial Overview

Table 65        Reignwood Investments UK Ltd Company Overview

Table 66        Reignwood Investments UK Ltd Financial Overview

Table 67        LaCroix Beverages, Inc. (US) Company Overview

Table 68        LaCroix Beverages, Inc. (US) Financial Overview

Table 69        GEROLSTEINER BRUNNEN GMBH & CO. KG Company Overview

Table 70        GEROLSTEINER BRUNNEN GMBH & CO. KG Financial Overview

Table 71        Mountain Valley Spring Water Company Overview

Table 72        Mountain Valley Spring Water Financial Overview