The tonic water market is experiencing steady growth driven by a rising global demand for premium and craft beverages, particularly in the context of the booming gin industry. With consumers increasingly seeking unique and sophisticated flavor profiles, tonic water has evolved from a mere mixer to a key player in the world of craft cocktails, sparking innovation and competition among manufacturers to offer diverse and high-quality options to cater to discerning tastes.

The report “Tonic Water Market, By Type Flavored and Non-Flavored), By Content (Regular and Diet), By Application (Alcoholic Drinks and Direct Consumption), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Highlights:

In February 2022, Leocorno Enterprises launched the Peer luxury tonic water brand. The traditional Indian Tonic, Mint Tonic, Bitter Lemon Tonic, and a tonic with no calories or sugar are all currently available from Peer. In the upcoming months, it will introduce four more flavors, and it has aspirations to enter other beverage categories that provide healthier options. Peer is a brand of low-calorie tonic water that uses imported, all-natural quinine and has no artificial sweeteners, flavors, preservatives, or sweeteners.

In July 2022, A1 Cuisines, a company that owns and manufactures Malaki brand of tonic water, has announced the launch of BeverageCart, India’s first mobile app based platform for beverages. BeverageCart is a first-of-its-kind platform in India that would provide online wholesale orders to handle last mile deliveries for merchants and hotels, restaurants, and caterers (HoReCa) channels.

Analyst View:

The tonic water market, anticipating sustained growth in the coming years. Factors such as the continued popularity of gin and the consumer shift towards premium and artisanal beverages are expected to drive demand. Additionally, the growing trend of health-conscious choices is prompting the development of low-sugar and natural ingredient-based tonic waters, further expanding the market's appeal.

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Key Market Insights from the report:

Tonic Water Market accounted for US$ 2.1 billion in 2022 and is estimated to be US$ 4.5 billion by 2032 and is anticipated to register a CAGR of 7.5%. Tonic Water Market is segmented based on Type, Application and Region.

  • Based on Type, Tonic Water Marketis segmented into Flavored and Non-Flavored.
  • Based on Content, Tonic Water Marketis segmented into Regular and Diet.
  • Based on Application, Tonic Water Marketis segmented into Alcoholic Drinks and Direct Consumption.
  • By Region, the Tonic Water Marketis segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Tonic Water Market:

The prominent players operating in the Tonic Water Market includes, Dr Pepper Snapple Group Inc., Fever-Tree Limited, Fentimans Ltd., Q Tonic LLC, Schweppes, S.A., Tomr's Handcrafted, The Coca-Cola Company, Chr. Hansen Holding A/S, SodaStream International Ltd., and Britvic plc.

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