Sparkling Water Market Size, Trends and Insights By Product (Natural/Mineral Sparkling Water, Caffeinated Sparkling Water), By Distribution Channel (Hypermarket & Supermarket, Convenience Stores, Independent Grocery Stores, Specialty Stores, Online Retail, Others) and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Nestle Waters
- PepsiCo Inc.
- The Coca-Cola Company
- Pepper Snapple Group Inc.
- Talking Rain Beverage Company
- Others
Reports Description
As per the current market research conducted by CMI Market Research Team, the global Sparkling Water market is expected to record a CAGR of 12.6% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 42.41 billion. By 2032, the valuation is anticipated to reach USD 123.41 billion.
Sparkling water, also known as carbonated water, is water that has been infused with carbon dioxide gas under pressure. It is a type of beverage that is often consumed as a substitute for sugary sodas or as a mixer for alcoholic drinks. The sparkling water market refers to the industry that produces and sells carbonated water in various forms, such as flavored and unflavored, sweetened and unsweetened, and packaged in different sizes and formats.
The market for sparkling water has been growing in recent years, driven by factors such as changing consumer preferences for healthier beverage options, growing awareness of the negative health effects of sugary drinks, and the availability of innovative and convenient sparkling water products. The sparkling water market includes several key players, such as Nestle Waters, PepsiCo, The Coca-Cola Company, and others, who compete to capture a share of this rapidly growing market.
Sparkling Water Market – Significant Growth Factors
The sparkling water market has been experiencing significant growth in recent years, driven by several trends:
- Health and Wellness: Consumers are increasingly seeking out healthier beverage options, particularly those with low or no sugar content. Sparkling water has emerged as a popular alternative to sugary sodas, as it offers a refreshing and hydrating experience without the added calories.
- Convenience and Innovation: The sparkling water market has seen a surge in new product launches, with manufacturers introducing innovative flavors, formats, and packaging options. Consumers are drawn to these convenient and attractive offerings that provide a refreshing and satisfying experience.
- Sustainability: As consumers become more environmentally conscious, there is a growing demand for sustainable and eco-friendly products. Many sparkling water companies are responding to this trend by offering products in environmentally friendly packaging or by implementing sustainable practices in their production processes.
- Changing Demographics: The sparkling water market is also benefiting from changes in demographics, particularly the rise of the millennial and Gen Z populations. These younger generations are more likely to seek out healthier and innovative beverage options and are willing to pay a premium for products that align with their values.
Overall, the sparkling water market is expected to continue growing in the coming years, driven by these and other trends. As more consumers seek out healthier and more sustainable beverage options, sparkling water is well-positioned to capture a significant share of the market.
Sparkling Water Market – Mergers and Acquisitions
The sparkling water market has seen several mergers and acquisitions in recent years, as companies look to consolidate their position in this growing industry. Some notable mergers and acquisitions in the sparkling water market include:
- PepsiCo’s Acquisition of SodaStream: In 2018, PepsiCo acquired SodaStream, a leading manufacturer of home carbonation systems. The acquisition gave PepsiCo a foothold in the at-home carbonation market, allowing the company to tap into the growing demand for convenient and customizable sparkling water products.
- Nestle’s Acquisition of Perrier: Nestle, one of the largest players in the sparkling water market, acquired Perrier in 1992. Perrier is a premium sparkling water brand that is known for its distinctive green bottle and high-end positioning.
- The Coca-Cola Company’s Acquisition of Topo Chico: In 2017, The Coca-Cola Company acquired Topo Chico, a popular Mexican sparkling water brand. The acquisition helped Coca-Cola expand its presence in the sparkling water market, particularly in the growing Hispanic market.
- Danone’s Acquisition of Sparkling Ice: In 2016, Danone Waters of America, a subsidiary of French food and beverage company Danone, acquired Sparkling Ice, a popular sparkling water brand in the United States. The acquisition gave Danone a stronger presence in the flavored sparkling water segment, which has been experiencing strong growth in recent years.
These mergers and acquisitions are indicative of the fierce competition in the sparkling water market, as companies seek to gain an edge in this rapidly growing industry. By acquiring established brands or entering new markets, companies can expand their product portfolios and gain access to new customers.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
| Sparkling Water Market | Water Recycle and Reuse Market | Water Treatment Systems Market |
| CAGR 12.6% (Approx) | CAGR 14.1%
(Approx) |
8.9%
(Approx) |
| US$ 123.41 Billion by 2032 | USD 30.5 Billion by 2032 | USD 85.8 Billion by 2032 |
Sparkling Water Market – Significant Threats
While the sparkling water market has seen significant growth in recent years, there are also several threats that could impact its future prospects. Some significant threats to the sparkling water market include:
Intense Competition: The sparkling water market is highly competitive, with a large number of players vying for market share. This intense competition could lead to price wars, which could reduce profit margins for companies.
Health Concerns: While sparkling water is often marketed as a healthy alternative to sugary sodas, there are concerns about its impact on dental health. Some experts have suggested that carbonated water can erode tooth enamel, which could lead to tooth decay over time. If these concerns gain wider attention, they could impact consumer demand for sparkling water.
Fluctuating Raw Material Prices: The cost of raw materials used in the production of sparkling water, such as CO2 and natural flavors, can fluctuate significantly based on supply and demand. If the price of these raw materials increases, it could lead to higher production costs and lower profit margins for companies.
Environmental Concerns: The sparkling water market is facing increasing scrutiny over its environmental impact, particularly around plastic waste. Many sparkling water products are sold in single-use plastic bottles, which contributes to the growing problem of plastic pollution. If consumers become more aware of this issue, it could impact demand for sparkling water and lead to increased regulations around packaging.
Overall, while the sparkling water market is experiencing strong growth, there are several threats that could impact its future prospects. Companies in this industry will need to navigate these challenges and find ways to differentiate themselves in a crowded and competitive market.
Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 50.51 Billion |
| Projected Market Size in 2032 | USD 123.41 Billion |
| Market Size in 2022 | USD 42.41 Billion |
| CAGR Growth Rate | 12.6% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Product, Distribution Channel, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Category-Wise Insights
Product Insights
In 2022, natural/mineral sparkling water held the largest market share, accounting for more than 62% of the market. The increasing demand for natural and healthy water among consumers is driving the growth of this segment. Additionally, flavored variants are gaining popularity due to their taste, fizziness, and perceived health benefits.
To meet the demands of health-conscious consumers, key players in the market are introducing new products. For example, in May 2019, National Beverage Corp. launched a new flavor, Hi-Biscus!, under its LaCroix brand. This sparkling beverage contains no carbohydrates, sweeteners, or sodium, and features a unique flavor from the hibiscus flower.
Distribution Channel
In 2022, the market was dominated by the “others” segment, which held a share of 36.4%. The hypermarket, supermarket, and convenience store channels collectively held a substantial market share in the same year. These retail channels offer a broad selection of both premium and private label brands, which appeals to consumers and drives their purchase decisions. Additionally, these stores provide membership programs that offer various benefits, such as discounts and unlimited free delivery, to enhance the shopping experience of their customers.
Sparkling Water Market – Regional Analysis
In 2022, North America accounted for the largest market share of over 37%. The segment is primarily driven by the increasing consumer preference for healthy alternatives to sugary carbonated beverages. Sparkling water is gaining popularity among health-conscious consumers due to its perceived health benefits, such as improved digestion, enhanced bone and heart health, and increased water intake. Furthermore, the easy availability of this product through various distribution channels is expected to further fuel the growth of this segment.
In 2022, Europe accounted for a significant market share. The demand for sparkling water in countries such as Germany, the U.K., Italy, Spain, France, and the Netherlands is particularly strong, where it is frequently served alongside meals in restaurants. Moreover, quick-service restaurants in Europe are expanding at a noteworthy rate, introducing new food and beverage items inspired by both local and international cuisines to enhance their competitive position. This trend is expected to positively impact the regional market in the upcoming years.
Competitive Landscape – Sparkling Water Market
The sparkling water market is highly competitive, with the presence of several major players. These players compete on the basis of factors such as product quality, brand recognition, price, and distribution channels. In order to maintain their market position, these companies are engaged in various strategic initiatives such as mergers and acquisitions, partnerships, collaborations, and new product launches.
Some of the key players in the sparkling water market include
- Nestle Waters
- PepsiCo Inc.
- The Coca-Cola Company
- Pepper Snapple Group Inc.
- Talking Rain Beverage Company
- Danone Waters of America Inc.
- Crystal Geyser Water Company
- LaCroix Sparkling Water
- Sparkling Ice
- AHA Sparkling Water
- Others
These companies are adopting various growth strategies such as expanding their product portfolio, investing in R&D activities, and expanding their geographical reach.
The major players in the market are investing heavily in advertising and promotional activities to create brand awareness and maintain their market position. They are also focusing on offering new and innovative flavors to attract more consumers. In addition, manufacturers are investing in sustainable packaging solutions to address environmental concerns and comply with regulations related to sustainable packaging.
Overall, the sparkling water market is expected to remain highly competitive in the coming years, with players continually striving to gain a larger market share through innovative product offerings and effective marketing strategies.
The Sparkling Water Market is segmented as follows:
Product
- Natural/Mineral Sparkling Water
- Flavored
- Unflavored
- Caffeinated Sparkling Water
- Flavored
- Unflavored
Distribution Channel
- Hypermarket & Supermarket
- Convenience Stores
- Independent Grocery Stores
- Specialty Stores
- Online Retail
- Others
By Region
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Sparkling Water Market, (2024 – 2033) (USD Billion)
- 2.2 Global Sparkling Water Market : snapshot
- Chapter 3. Global Sparkling Water Market – Industry Analysis
- 3.1 Sparkling Water Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Increasingly seeking out healthier beverage options
- 3.2.2 Convenience and Innovation
- 3.2.3 Growing demand for sustainable and eco-friendly products
- 3.2.4 Rise of the millennial and Gen Z populations.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Product
- 3.7.2 Market attractiveness analysis By Distribution Channel
- Chapter 4. Global Sparkling Water Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Sparkling Water Market: company market share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Sparkling Water Market – Product Analysis
- 5.1 Global Sparkling Water Market overview: By Product
- 5.1.1 Global Sparkling Water Market share, By Product , 2022 and – 2033
- 5.2 Natural/Mineral Sparkling Water
- 5.2.1 Global Sparkling Water Market by Natural/Mineral Sparkling Water, 2024 – 2033 (USD Billion)
- 5.3 Flavored
- 5.3.1 Global Sparkling Water Market by Flavored, 2024 – 2033 (USD Billion)
- 5.4 Unflavored
- 5.4.1 Global Sparkling Water Market by Unflavored, 2024 – 2033 (USD Billion)
- 5.5 Caffeinated Sparkling Water
- 5.5.1 Global Sparkling Water Market by Caffeinated Sparkling Water, 2024 – 2033 (USD Billion)
- 5.6 Flavored
- 5.6.1 Global Sparkling Water Market by Flavored, 2024 – 2033 (USD Billion)
- 5.7 Unflavored
- 5.7.1 Global Sparkling Water Market by Unflavored, 2024 – 2033 (USD Billion)
- 5.1 Global Sparkling Water Market overview: By Product
- Chapter 6. Global Sparkling Water Market – Distribution Channel Analysis
- 6.1 Global Sparkling Water Market overview: By Distribution Channel
- 6.1.1 Global Sparkling Water Market share, By Distribution Channel , 2022 and – 2033
- 6.2 Hypermarket & Supermarket
- 6.2.1 Global Sparkling Water Market by Hypermarket & Supermarket, 2024 – 2033 (USD Billion)
- 6.3 Convenience Stores
- 6.3.1 Global Sparkling Water Market by Convenience Stores, 2024 – 2033 (USD Billion)
- 6.4 Online
- 6.4.1 Global Sparkling Water Market by Online, 2024 – 2033 (USD Billion)
- 6.5 Others
- 6.5.1 Global Sparkling Water Market by Others, 2024 – 2033 (USD Billion)
- 6.1 Global Sparkling Water Market overview: By Distribution Channel
- Chapter 7. Sparkling Water Market – Regional Analysis
- 7.1 Global Sparkling Water Market Regional Overview
- 7.2 Global Sparkling Water Market Share, by Region, 2022 & – 2033 (USD Billion)
- 7.3. North America
- 7.3.1 North America Sparkling Water Market, 2024 – 2033 (USD Billion)
- 7.3.1.1 North America Sparkling Water Market, by Country, 2024 – 2033 (USD Billion)
- 7.3.1 North America Sparkling Water Market, 2024 – 2033 (USD Billion)
- 7.4 North America Sparkling Water Market, by Product , 2024 – 2033
- 7.4.1 North America Sparkling Water Market, by Product , 2024 – 2033 (USD Billion)
- 7.5 North America Sparkling Water Market, by Distribution Channel , 2024 – 2033
- 7.5.1 North America Sparkling Water Market, by Distribution Channel , 2024 – 2033 (USD Billion)
- 7.6. Europe
- 7.6.1 Europe Sparkling Water Market, 2024 – 2033 (USD Billion)
- 7.6.1.1 Europe Sparkling Water Market, by Country, 2024 – 2033 (USD Billion)
- 7.6.1 Europe Sparkling Water Market, 2024 – 2033 (USD Billion)
- 7.7 Europe Sparkling Water Market, by Product , 2024 – 2033
- 7.7.1 Europe Sparkling Water Market, by Product , 2024 – 2033 (USD Billion)
- 7.8 Europe Sparkling Water Market, by Distribution Channel , 2024 – 2033
- 7.8.1 Europe Sparkling Water Market, by Distribution Channel , 2024 – 2033 (USD Billion)
- 7.9. Asia Pacific
- 7.9.1 Asia Pacific Sparkling Water Market, 2024 – 2033 (USD Billion)
- 7.9.1.1 Asia Pacific Sparkling Water Market, by Country, 2024 – 2033 (USD Billion)
- 7.9.1 Asia Pacific Sparkling Water Market, 2024 – 2033 (USD Billion)
- 7.10 Asia Pacific Sparkling Water Market, by Product , 2024 – 2033
- 7.10.1 Asia Pacific Sparkling Water Market, by Product , 2024 – 2033 (USD Billion)
- 7.11 Asia Pacific Sparkling Water Market, by Distribution Channel , 2024 – 2033
- 7.11.1 Asia Pacific Sparkling Water Market, by Distribution Channel , 2024 – 2033 (USD Billion)
- 7.12. Latin America
- 7.12.1 Latin America Sparkling Water Market, 2024 – 2033 (USD Billion)
- 7.12.1.1 Latin America Sparkling Water Market, by Country, 2024 – 2033 (USD Billion)
- 7.12.1 Latin America Sparkling Water Market, 2024 – 2033 (USD Billion)
- 7.13 Latin America Sparkling Water Market, by Product , 2024 – 2033
- 7.13.1 Latin America Sparkling Water Market, by Product , 2024 – 2033 (USD Billion)
- 7.14 Latin America Sparkling Water Market, by Distribution Channel , 2024 – 2033
- 7.14.1 Latin America Sparkling Water Market, by Distribution Channel , 2024 – 2033 (USD Billion)
- 7.15. The Middle-East and Africa
- 7.15.1 The Middle-East and Africa Sparkling Water Market, 2024 – 2033 (USD Billion)
- 7.15.1.1 The Middle-East and Africa Sparkling Water Market, by Country, 2024 – 2033 (USD Billion)
- 7.15.1 The Middle-East and Africa Sparkling Water Market, 2024 – 2033 (USD Billion)
- 7.16 The Middle-East and Africa Sparkling Water Market, by Product , 2024 – 2033
- 7.16.1 The Middle-East and Africa Sparkling Water Market, by Product , 2024 – 2033 (USD Billion)
- 7.17 The Middle-East and Africa Sparkling Water Market, by Distribution Channel , 2024 – 2033
- 7.17.1 The Middle-East and Africa Sparkling Water Market, by Distribution Channel , 2024 – 2033 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 Nestle Waters
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 PepsiCo Inc.
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 The Coca-Cola Company
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 Dr. Pepper Snapple Group Inc.
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 Talking Rain Beverage Company
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 Danone Waters of America Inc.
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 Crystal Geyser Water Company
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 LaCroix Sparkling Water
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 Sparkling Ice
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 AHA Sparkling Water
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.11 Others.
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.1 Nestle Waters
List Of Figures
Figures No 1 to 24
List Of Tables
Tables No 1 to 52
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
|
|
| Demand-side |
|
|
Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|
|
FAQs
“North America” region will lead the global Sparkling Water market during the forecast period 2023 to 2032.
The key factors driving the market are increasingly seeking out healthier beverage options, Convenience and Innovation, growing demand for sustainable and eco-friendly products and rise of the millennial and Gen Z populations.
The key players operating in the Sparkling Water market are Nestle Waters, PepsiCo Inc., The Coca-Cola Company, Dr. Pepper Snapple Group Inc., Talking Rain Beverage Company, Danone Waters of America Inc., Crystal Geyser Water Company, LaCroix Sparkling Water, Sparkling Ice, AHA Sparkling Water, Others.
The global Sparkling Water market is expanding growth with a CAGR of approximately 12.6% during the forecast period (2023 to 2032).
The global Sparkling Water market size was valued at USD 42.41 Billion in 2022 and it is projected to reach around USD 123.41 Billion by 2032.