Market Summary
Global Sparkling Water Market Overview
Sparkling Water Market Size was valued at USD 33.1 billion in 2023. The Sparkling Water industry is projected to grow from USD 37.24 Billion in 2024 to USD 75.49 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 12.50% during the forecast period (2024 - 2032).The rising market players' innovation efforts and packaging and product marketing are the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Sparkling Water Market Trends
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Growing interest in leading healthy lives industry’s market growth
Sparkling water’s growing popularity among consumers, as they prefer it to soda and other sweetened fizzy drinks since it keeps them hydrated, is a significant element driving market revenue growth. While sparkling water does not include sugar or calories, the sugar in beverages damages tooth enamel. Particularly for those who are constipated, carbonated water helps with bowel movements. Researchers have shown sparkling water can help boost heart health and lessen the severity of other dyspepsia symptoms, including stomach pain. Drinking carbonated water raises HDL cholesterol levels, which is healthy cholesterol.
Furthermore, the chemical actually has several benefits, including its ability to ease constipation and aid with digestion. According to several studies, drinking sparkling water is better for your teeth and bones as drinking soda. As a result, many consumers view carbonated water as a healthier alternative to soda and other sweet carbonated beverages.
Additionally, Consumers who enjoy the sparkle of carbonated soft drinks but want to sip on something without calories, sugars, or artificial additives are a niche market for sparkling water, fuelling the industry’s revenue growth. Dehydration, which can result in dry lips, fatigue, headaches, and impaired performance, can be avoided with the help of sparkling water. Chronic dehydration causes digestive issues, heart and renal issues, and constipation. Sparkling water is available in various tastes and is a better alternative to soda water because it has no sugar, Hence consumers prefer sparkling water to alleviate these symptoms, which will all contribute to a rise in the sparkling water market CAGR globally in recent years.
However, there have been significant advances in technology innovations to cater to the demand. For instance, Sparkling water with flavors is a better option because it has more nutritional benefits for consumers. It is made with all-natural tastes and has no added sugar, salt, or calories. Also, it promotes healthy living, supports weight control, protects against obesity, helps to prevent dehydration, and increases sparkling water market revenue.
Sparkling Water Market Segment Insights
Sparkling Water Type Insights
The Sparkling Water Market segmentation, based on type, includes Natural/Mineral Sparkling Water, Caffeinated Sparkling Water. The highest share, more than 60.0%, was held by natural/mineral sparkling water in 2022. Consumer demand for clean, natural water is fueling the segment’s growth. Because of their flavors, effervescence, and health advantages, the flavored varieties are becoming more popular and increased Sparkling Water Market revenue. Sparkling water with added caffeine has no calories or sugar and increases energy without adding any. These drinks are an alternative to coffee beverages, sweetened teas, and regular energy drinks. In 2021, it received 18.2%. This is due to its advantages, including a shorter vapor residence period. The demand for a high temperature is a drawback of this procedure. For instance, Hi-Biscus! Was a new flavor that National Beverage Corp. introduced to its LaCroix line in May 2019, this brand-new effervescent beverage has a distinctive hibiscus flower flavors and is free of salt, sugars, or carbs.
Jan 2022 Evian released its first sparkling water in can and bottle form. In February 2021, PepsiCo, Inc. released five new flavors of sparkling water with caffeine. Triple berries, blood orange grapefruit, blueberry pomegranate, citrus cherry flavors, mango passion fruit, and blood orange grapefruit are among the flavors offered under the bubbly brand.
December 2020 Natural mineral water from the Himalayas, Malaki Sparkling Water, is carbonated for a crisp, clean, and beautiful sparkling experience. It only contains the essential minerals your body needs that are naturally sourced from its source in the Himalayan Mountains. Neither salts nor minerals have been added.
Sparkling Water Distribution Channel Insights
The Sparkling Water Market data shows that sparkling water is mainly utilized in Store-Based and Non-Store-Based. Due to enhanced consumer experiences, the ability to purchase products with just one click, and advancements in smartphone and Internet access technology, the non-store the segment had the most significant revenue share in 2022. It is also ascribed to elements like no added expenses
Figure 1: Global Sparkling Water by Non-Store, 2022 & 2030 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Additionally, the fastest CAGR, 12.50%, is anticipated for the non-store distribution channel between 2022 and 2030. One of the critical elements boosting sales through the online channel is the change in consumer shopping behavior. Millennials and the younger generation choose online platforms because of their advantages they offer, such as buying from the convenience of one’s home, doorstep delivery, free shipping, subscription services, and discounts.
The second fastest-growing segment in the fish oil industry is non-store. The comfort, personal service, and accessibility of a wide range of products boost the segment’s revenue growth.
Sparkling Water Regional Insights
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Europe sparkling water market accounted for USD 33.1 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. This is attributed to the growing incidence of sparkling water products such as La Croix, Perrier Mineral, Bubbly Sparkling, Hal, Gerolsteiner, and Sparkling ICE and an aging population across the region.
Further, the significant countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: SPARKLING WATER MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
North America, sparkling water market, accounts for the second-largest market share due to the availability of sparkling water has many technological advantages including the improvement of flavors, development of citric acid and carbonated water. Further, the German sparkling water market held the largest market share, and the UK sparkling water market was the fastest-growing market in the European region.
The Asia-Pacific sparkling water Market is expected to grow at the fastest CAGR from 2022 to 2030. This is due to the increase in their presence in an industry that is becoming increasingly competitive. They have released several new drinks and food products that are influenced by both national and international cuisines. The vast growth in the region is attributable to an older population that is growing along with rising water concerns and public awareness that have increased improvement of carbonated water quality use in the Asia Pacific region throughout the forecast period. Moreover, China's sparkling water market held the largest market share, and the Indian sparkling water market was the fastest-growing market in the Asia-Pacific region.
For instance, the Indian sparkling water market is the favored destination for sparkling water production. The tempo beverage Ltd (Israel) Group offers works excellent as a increased intake, and improved bone. It supports healthy drink sparkling water due to advantages like easier digestion and heart health. Moreover, it strengthens the water flavor stronger and promotes excellent sparkling water growth. As per the data cited in the sparkling water companies 2022-21 published by the sparkling water producer Association in July 2022, Singapore is ranked in 2nd position, Japan at 3rd, India at 10th, South Korea at 14th, and China at 33rd out of the top 46 international wood vinegar production destinations. Hence, Asia-Pacific is anticipated to register the highest growth rate over the forecast period from 2022–2030.
Sparkling Water Key Market Players & Competitive Insights
Major market players are spending a lot of money on R&D to increase their product lines, which will help the sparkling water market grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the sparkling water industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
One of the primary business strategies manufacturers adopt in the global sparkling water industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. The sparkling water industry has provided flavors with some of the most significant benefit in recent years. The sparkling water market major players such as GEROLSTEINER BRUNNEN GmbH & Co. KG (Germany), Reignwood Group (China), Nestle S.A. (Switzerland), PepsiCo Inc. (US), The Coca-Cola Company (US), and others are working on expanding the market demand by investing in research and development activities.
The Coca-Cola Company (Us) Dr. John Pemberton delivered the first Coca-Cola to a customer on May 8, 1886, at Jacobs' Pharmacy in Atlanta, Georgia. We have transformed into a full-service beverage firm from that one renowned drink. The Smithsonian’s National Museum of African American History and Culture (NMAAHC) is getting a $1 million boost from The Coca-Cola Company.
Also, Nestlé was formed in 1905 by the merger of the “Anglo-Swiss Milk Company, which was established in 1866 by brothers George and Charles Page, and “Farine Lactée Henri Nestlé” founded in 1867 by Henri Nestlé. In Dec 2022, Nestlé invested over CHF 100 million by 2030 in low-carbon logistics for its three international water brands – S. Pellegrino, Acqua Panna, and Perrier.
Key Companies in the sparkling water market include
- GEROLSTEINER BRUNNEN GmbH & Co. KG (Germany)
- Tempo Beverage Ltd (Israel)
- Reignwood Group (China)
- Nestle S.A. (Switzerland)
- Pepper Snapple Group (US)
- PepsiCo Inc. (US)
- The Coca-Cola Company (US)
- COTT Corporation (Canada)
- Crystal Geyser Water Company (US)
- BARR p.l.c. (UK)
Sparkling Water Industry Developments
April 2021: PepsiCo, Inc., an American food and beverage company that is one of the largest in the world, with products available in more than 200 countries. It took its name in 1965 when the Pepsi-Cola Company merged with Frito-Lay, Inc. The company’s headquarters are in New York.
Sep 2020: Finistere Ventures, a global agrifood investment leader, OurCrowd, Israel’s most active venture investor. Tnuva food manufacturer, and Tempo Beverages, the leading Israeli beverage company,
Sparkling Water Market Segmentation
Sparkling Water Type Outlook
- Natural/Mineral Sparkling Water
- Caffeinated Sparkling Water
Sparkling Water Distribution Channel Outlook
- Store-Based
- Non-Store-Based
Sparkling Water Regional Outlook
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North America
- US
- Canada
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Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
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Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
Market Size & Forecast
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 33.1 billion |
| Market Size 2024 | USD 37.24 billion |
| Market Size 2032 | USD 75.49 billion |
| Compound Annual Growth Rate (CAGR) | 12.50% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019 – 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product Type, Distribution Channel, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Ace Singapore Pte Ltd (Singapore), Nettenergy B.V. (Netherlands), Tagrow Co. Ltd. (China), Byron Biochar (Australia) |
| Key Market Opportunities | Growing interest in leading healthy lives |
| Key Market Dynamics | Market Players' Innovation Efforts Packaging and Product Marketing |
Major Players
Sparkling Water Market Segmentation
Sparkling Water Type Outlook (USD Billion, 2019-2030)
Natural/Mineral Sparkling Water
Caffeinated Sparkling Water
Sparkling Water Distribution Channel Outlook (USD Billion, 2019-2030)
Store-Based
Non-Store-Based
Sparkling Water Regional Outlook (USD Billion, 2019-2030)
North America Outlook (USD Billion, 2019-2030)
North America Sparkling Water by Type
Natural/Mineral Sparkling Water
Caffeinated Sparkling Water
North America Sparkling Water Distribution Channel
Store-Based
Non-Store-Based
US Outlook (USD Billion, 2019-2030)
US Sparkling Water by Product Type
Natural/Mineral Sparkling Water
Caffeinated Sparkling Water
US Sparkling Water by Distribution Channel
Store-Based
Non-Store-Based
CANADA Outlook (USD Billion, 2019-2030)
CANADA Sparkling Water by Type
Natural/Mineral Sparkling Water
Caffeinated Sparkling Water
CANADA Sparkling Water by Distribution Channel
Store-Based
Non-Store-Based
Europe Outlook (USD Billion, 2019-2030)
Europe Sparkling Water by Type
Natural/Mineral Sparkling Water
Caffeinated Sparkling Water
Europe Sparkling Water Distribution Channel
Store-Based
Non-Store-Based
Germany Outlook (USD Billion, 2019-2030)
Germany Sparkling Water by Type
Natural/Mineral Sparkling Water
Caffeinated Sparkling Water
Germany Sparkling Water by Distribution Channel
Store-Based
Non-Store-Based
France Outlook (USD Billion, 2019-2030)
France Sparkling Water by Type
Natural/Mineral Sparkling Water
Caffeinated Sparkling Water
France Sparkling Water by Distribution Channel
Store-Based
Non-Store-Based
UK Outlook (USD Billion, 2019-2030)
UK Sparkling Water by Type
Natural/Mineral Sparkling Water
Caffeinated Sparkling Water
UK Sparkling Water by Distribution Channel
Store-Based
Non-Store-Based
ITALY Outlook (USD Billion, 2019-2030)
ITALY Sparkling Water by Type
Natural/Mineral Sparkling Water
Caffeinated Sparkling Water
ITALY Sparkling Water by Distribution Channel
Store-Based
Non-Store-Based
SPAIN Outlook (USD Billion, 2019-2030)
Spain Sparkling Water by Type
Natural/Mineral Sparkling Water
Caffeinated Sparkling Water
Spain Sparkling Water by Distribution Channel
Store-Based
Non-Store-Based
Rest Of Europe Outlook (USD Billion, 2019-2030)
Rest Of Europe Sparkling Water by Type
Natural/Mineral Sparkling Water
Caffeinated Sparkling Water
REST OF EUROPE Sparkling Water by Distribution Channel
Store-Based
Non-Store-Based
Asia-Pacific Outlook (USD Billion, 2019-2030)
Asia-Pacific Sparkling Water by Type
Natural/Mineral Sparkling Water
Caffeinated Sparkling Water
Asia-Pacific Sparkling Water by Distribution Channel
Store-Based
Non-Store-Based
China Outlook (USD Billion, 2019-2030)
China Sparkling Water by Type
Natural/Mineral Sparkling Water
Caffeinated Sparkling Water
China Sparkling Water by Distribution Channel
Store-Based
Non-Store-Based
Japan Outlook (USD Billion, 2019-2030)
Japan Sparkling Water by Type
Natural/Mineral Sparkling Water
Caffeinated Sparkling Water
Japan Sparkling Water by Distribution Channel
Store-Based
Non-Store-Based
India Outlook (USD Billion, 2019-2030)
India Sparkling Water by Type
Natural/Mineral Sparkling Water
Caffeinated Sparkling Water
India Sparkling Water by Distribution Channel
Store-Based
Non-Store-Based
Australia Outlook (USD Billion, 2019-2030)
Australia Sparkling Water by Type
Natural/Mineral Sparkling Water
Caffeinated Sparkling Water
Australia Sparkling Water by Distribution Channel
Store-Based
Non-Store-Based
Rest of Asia-Pacific Outlook (USD Billion, 2019-2030)
Rest of Asia-Pacific Sparkling Water by Type
Natural/Mineral Sparkling Water
Caffeinated Sparkling Water
Rest of Asia-Pacific Sparkling Water by Distribution Channel
Store-Based
Non-Store-Based
Rest of the World Outlook (USD Billion, 2019-2030)
Rest of the World Sparkling Water by Type
Natural/Mineral Sparkling Water
Caffeinated Sparkling Water
Rest of the World Sparkling Water by Distribution Channel
Store-Based
Non-Store-Based
Middle East Outlook (USD Billion, 2019-2030)
Middle East Sparkling Water by Type
Natural/Mineral Sparkling Water
Caffeinated Sparkling Water
Middle East Sparkling Water by Distribution Channel
Store-Based
Non-Store-Based
Africa Outlook (USD Billion, 2019-2030)
Africa Sparkling Water by Type
Natural/Mineral Sparkling Water
Caffeinated Sparkling Water
Africa Sparkling Water by Distribution Channel
Store-Based
Non-Store-Based
Latin America Outlook (USD Billion, 2019-2030)
Latin America Sparkling Water by Type
Natural/Mineral Sparkling Water
Caffeinated Sparkling Water
Latin America Sparkling Water by Distribution Channel
Store-Based
Non-Store-Based
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