Sparkling Water Market Size, Share, Industry, Forecast and outlook (2024-2031)

Sparkling Water Market Overview

The Global Sparkling Water Market reached US$ 32.6 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 72.4 billion by 2030. The market is growing at a CAGR of 10.5% during the forecast period 2023-2030.

Some potential health benefits of drinking sparkling water include improved hydration, better digestion, possible weight loss, improved bone health, and improved mood. Nutritional values of sparkling water have zero calories, zero grams of fat, zero grams of sugar, and zero grams of carbohydrates per cup (240 ml) serving which drives the Sparkling Water Market size.

Carbonated water, sparkling mineral water, natural flavors, fruit-infused sparkling water, and unsweetened sparkling water are all different types of sparkling water that create lucrative sales in the global sparkling water market revenue. 

Flavored carbonation is made by adding natural or artificial flavors to carbonated water. In contrast, sparkling water machines use carbonation technology to add carbon dioxide gas to still water to create carbonated water at home. Carbonation technology is adding carbon dioxide gas to still water to create bubbles and fizz.

Sparkling Water Market Scope

Sparkling Water Market Dynamics

A Preference for Healthy Living Drives the Market

The market has benefited due to bottled water companies increasing their production capacity to meet this demand spike, according to the International Bottled Water Association (IBWA). People are shifting towards the consumption of sparkling water because it contains various minerals, including magnesium, sodium, and calcium, as awareness of the value of living a healthy lifestyle grows. 

The product also has several health benefits, such as easy digestion and ease of constipation. It even helps in reducing obesity, which is a prime factor responsible for the market’s growth. For instance, on November 10, 2021, Nestlé Nigeria launched Pure Life Sparkling Water. 

Sparkling Water Market Segment Analysis

The Global Sparkling Water Market is segmented based on product, category, packaging type, distribution channel and region.

Rising Demand for the Bottled Sparkling Water 

2022 bottled sparkling water accounted for the largest share with approximately 49.2%. Customers' demand for bottled sparkling water is primarily driven by its affordability, portability, and convenience for consumption on the go. PET and glass bottles are the different categories for bottled sparkling water. 

For instance, on May 5, 2021, PepsiCo launched an available sparkling water bottle. The drink is available in two flavors: Blueberry Pomegranate and Black Cherry Citrus, which contain 200 milligrams of Panax ginseng, intended to assist with mental stamina. Additionally, there are Blackberry Passionfruit and Strawberry Rose flavors which include 200 milligrams of L-theanine to promote relaxation.

Source: DataM Intelligence Analysis (2023)

Sparkling Water Market Geographical Penetration

Europe is the Dominating Region During the Forecast Period

The Global Sparkling Water Market is segmented by region into North America, South America, Europe, Asia-Pacific, Middle-East and Africa.

In 2022, Europe held a substantial portion of the sparkling water market share. This region has a robust demand for sparkling water across several countries, including Germany, the U.K., Italy, Spain, France, and the Netherlands, where it is frequently served alongside meals in restaurants. 

Additionally, quick-service restaurants in Europe are experiencing significant expansion and introducing a range of new food and beverage items inspired by local and global cuisines, which is expected to positively impact the regional market in the forecast period. For instance, on June 3, 2021, Coca-Cola, UK based company, launched Aha fruity sparkling water brand.

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Source: DataM Intelligence Analysis (2023)

Sparkling Water Market Competitive Landscape

The major global players include Reignwood Investments UK Ltd.,  PepsiCo., Nestlé, A.G., The Coca-Cola Company, CG Roxane, LLC, Tempo Beverage Ltd, Keurig Dr Pepper Inc., Seven Up, Inc., Ferrarelle and Sanpellegrino S.p.A

Covid Impact

In the first few months of the Covid-19 pandemic, numerous public places and offices were closed, resulting in a notable decrease in the commercial demand for sparkling water. Nevertheless, the imposition of home isolation orders worldwide has prompted households to seek different types of bottled water, including sparkling water, leading to an increase in demand. 

As per the International Bottled Water Association (IBWA), the bottled water industry has responded to this demand increase by expanding its production capacity, which has ultimately contributed to the market’s growth.

By Product

• Mineral Water
• Purified Water
• Spring Water
• Sparkling Water
• Others

By Category

• Unflavored
• Flavored

By Packaging Type

• Bottles
• Cans
• Others

By Distribution Channel

• Offline
• Online

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • The U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• On May 5, 2021, PepsiCo., has launched Soulboost, an improved sparkling water beverage produced with actual juice and useful additives. The beverage has two flavors: Black Cherry Citrus, and Blueberry Pomegranate, which contain 200 milligrams of Panax ginseng to support mental health.
• On May 12, 2022, Dash Water, a UK-based company, added a brand-new mango flavor to its lineup of fruit- and vegetable-infused sparkling waters for the summer. The newest product has no sugar, artificial sweeteners, or calories. 
• On February 8, 2021, The Bubly water brand from PepsiCo announced the introduction of Bubly Bounce, a new caffeinated sparkling water beverage. The first five combo flavors of Bubly Bounce sparkling water will be offered: blueberry pomegranate, blood orange grapefruit, triple berry, citrus cherry, and mango passion fruit

Why Purchase the Report?

• To visualize the Global Sparkling Water Market segmentation based on product, category, packaging type, distribution channel and region, and understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous sparkling water market-level data points with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of essential products of all the major players.

The Global Sparkling Water Market Report Would Provide Approximately 77 Tables, 82 Figures And 195 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies