Published on : Nov 07, 2017
Albany, New York, November 7, 2017: Tonic water was developed by the British in the 19th century. It was mainly developed as a cure for malaria. As quinine was the active ingredient in tonic water, it tasted quite bitter. Presently, many people enjoy this drink for its distinctive taste and now they are easily available in the clubs, lounges and bars. In recent years, emergence of tonic water with different flavors in order to attract consumers have positively impacted the global tonic water market. This factor will continue to benefit the market in the upcoming years as well. These findings can be found in a latest study, added to the wide repository of Market Research Hub (MRH), which is titled as “Tonic Water Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025”. This 264-pages research study provides a holistic perspective on market growth throughout the forecast period of 2017 to 2022 in terms of revenue estimates (in US$ Million) across different geographies, including North America, APAC, Latin America, MEA and Europe.
The future of the tonic water market is prosperous. As per the current findings, the global tonic water market to pull in a revenue of US$2.45 bn by 2025-end, from its valuation US$1.52 bn in 2017. Also, the market will be rising at a CAGR of 6.1% from 2017 to 2025. Increasing urban population coupled with factors such as increasing disposable income, modernization etc. and increasing number of clubs, lounges, and bars are expected to boost the sales of tonic water market over the forecast period.
At first, the study starts by outlining the tonic water market overview. In addition, the report explores the market dynamics such as drivers, restraints, and opportunities that currently have a strong impact on the tonic water market and how it could influence the market in the near future. Tonic water contains quinine which is ingrained with many medicinal benefits. It also contains sugar which gives the drink a sweet and bitter flavor. Tonic water has medicinal benefits and calories. It has been analyzed that rapid urbanization plays a role in stoking demand for it, which has resulted in increasing intake of alcohol to which tonic water is often added.
The global tonic water market can be segmented based on different parameters. The geographical segmentation of the market analyzes the market size and its revolutionary prospects in the above-mentioned regions. As per the report, North America and Europe market dominate the global market for tonic water volume-wise, mainly because of the surging popularity of gin and vodka. Further, the market has been segmented on the basis of content, product type, application and sales channel. On the basis of content, the Global tonic water market is segmented into regular and diet. On the basis of product type, the market is segmented into non-flavored and flavored. Major applications are alcoholic drinks, and direct consumption. New flavors is anticipated to increase demand for flavored tonic water in the near future.
As the report concludes, readers are offered information about the competitive landscape, which details about the various players active in the market. Key players in the global tonic water market includes Fentimans Ltd., The Coca-Cola Company, Boylan Bottling Co Inc., Diageo Plc., Q Drinks, JACK RUDY COCKTAIL CO., Luscombe Drinks, White Rock Products Corp., Thomas Henry GmbH & Co. KG, Dr. Pepper Snapple Group, Inc., Powell And Mahoney LLC, Shasta Beverages, Inc., Fevertree Drinks PLC, Monster Beverage Corporation, MBG International Premium Brands GmbH, East Imperial Superior Beverages, Casalbor, S.L., LLANLLYR WATER CO LTD, Sygama SA, and Bradley’s Tonic Co.
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