Sparkling Bottled Water Market Size, Share, And Growth Report 2032

Sparkling Bottled Water Market Size

According to a report from Zion Market Research, the global Sparkling Bottled Water Market was valued at USD 43.34 Billion in 2023 and is projected to hit USD 125.10 Billion by 2032, with a compound annual growth rate (CAGR) of 12.5% during the forecast period 2024-2032.

This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Sparkling Bottled Water Market industry over the next decade.

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Sparkling Bottled Water Market: Overview

Sparkling or carbonated water is a form of water containing dissolved carbon dioxide, which forms bubbles. There are two types of sparkling water, flavored and unflavored. Over the past few years, the market for carbonated drinks has increased and with that the awareness of health problems such as obesity, cardiovascular devices and diabetes. The diet variant will drive the market growth over the forecast timeframe.

COVID-19 Impact Analysis

The outbreak of COVID-19 resulted in a decrease in demand for sparkling bottled water. In order to curb the spread of this deadly virus, governments all over the world imposed partial or complete lockdown. This resulted in the shutdown of various restaurants, pubs, and other food outlets.

The sale of these carbonated drinks is also related to the sale of hard drinks. Since governments of various countries closed the supply of all non-essential goods, people were not able to buy these drinks. This resulted in a sudden decline in the demand for carbonated water.

Sparkling Bottled Water Market: Growth Factors

Consumer concern is the main growth driver for the sparkling bottled water market. Increasing awareness about various health issues such as diabetes, obesity, and other diseases due to consumption of sugary drinks are driving the growth. Easy availability is another factor driving the global sparkling water market growth.

Addition of different flavors in the product is amplifying the demand among teenagers and hence giving popularity to the market. An increase in the consumption of alcohol is also a major reason to drive the growth of the sparkling bottled water market.

Sparkling Bottled Water Market: Segmentation

Product Segment Analysis Preview

The unflavored sparkling water market segment held a share of over 64.05% in 2020. Unflavored sparkling water market saw a decline in 2020 but it is expected to grow over the coming years. The bubbly texture mixed with the mineral content of the water is boosting the demand for unflavored sparkling water.

The flavored sparkling water market is estimated to grow at a CAGR of around 9.8% from 2024 to 2032. This is due to the increasing popularity of substitutes to the sugary and the other carbonated drinks. The flavors such as orange, raspberry, strawberry, blueberry, and lemon have made the product unique. Also preference of sparkling water over sugary drinks will grow as people are shifting towards a healthy lifestyle.

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Distribution Channel Segment Analysis Preview

The online segment held a share of over 16.29% in 2020. Online sales of sparkling water or carbonated water will increase significantly over the forecast period. Online shopping is emerging in many economies, hence, big giants such as Walmart are entering into e-commerce owing to the rise in penetration of smartphones and the internet.

Sparkling Bottled Water Market: Report Scope

Sparkling Bottled Water Market: Regional Analysis

The Asia Pacific held the largest market share exceeding 40.19% in 2020. The reason for this is the high consumption of bottled water in Asian countries such as India, Indonesia, and China. The popularity in consumption of alcoholic beverages have also helped increasing in the demand for sparkling water in the region.

North America is estimated to grow at a CAGR of around 7.9% from 2024 to 2032. Manufacturers have launched various new products in the region with the increasing demand. For example, In March 2020, Coca Cola launched ‘Aha’ a new variant in sparkling water brand.

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Sparkling Bottled Water Market: Key Players And Competitive Landscape

Some of the key players in the sparkling bottled water market are:

• Coca-Cola
• Q Club Soda
• Voss Sparkling
• Ferrarelle Acqua Minerale
• La Croix Sparkling Water
• Zevia Sparkling Water
• POLAR 100% natural seltzer
• Hal’s New York Seltzer Water
• PepsiCo
• Asahi Group Holdings Ltd

The global Sparkling Bottled Water market is segmented as follows:

By Type

• Unflavored
• Flavored

By Distribution Channel

• On Trade
• Hypermarkets & Supermarkets
• Online
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa