Tonic Water Market Growth Report and Size by 2031
The tonic water market size is projected to reach US$ 3.47 billion by 2031 from US$ 2.01 billion in 2023. The market is expected to register a CAGR of 7.1% during 2023–2031. Increasing demand for low-sugar tonic water is likely to continue as a key trend in the market.
Tonic Water Market Analysis
The increasing consumption of gin is one of the major factors driving the growth of the tonic water market. Innovations in flavors in tonic water help manufacturers captivate consumers with exciting flavor profiles. In addition, the expansion of e-commerce is expected to present several opportunities for the tonic water market to create innovative products, grow, and meet evolving needs.
Tonic Water Market Overview
Tonic water is a carbonated soft drink, majorly used as a mixer or base with gin, vodka, and other spirits. It is available in a wide range of flavors such as wild berry, elderflower, and bitter lemon. With the changing lifestyles of people and increasing preference for premium drinks, the demand for tonic water is increasing significantly across the US, India, Japan, Australia, the UK, Spain, and Italy, among other developed and developing countries. People in these countries prefer exploring new experiences and tastes, which bolsters the demand for tonic water. Moreover, the increasing trend of cocktail culture and night parties among Gen Z and the millennial population also results in a surged demand for tonic water.
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Tonic Water Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Tonic Water Market: Strategic Insights
Shejal
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Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Tonic Water Market Drivers and Opportunities
Increasing Demand for Gin Market Growth
Changing consumer preferences and tastes have been driving the demand for gin across the world. With people exploring and indulging in the diverse flavors of gin, the requirement for complementary mixers to enhance their drinking experience also surges. Tonic water, with its bitter yet refreshing taste, serves as a perfect companion to gin. Thus, a surge in gin’s popularity has led to a corresponding rise in the consumption of tonic water. Further, craft gin is gaining significant popularity across the world. As gin enthusiasts become more discerning of the flavor profiles of their spirits, they seek high-quality mixers to elevate their cocktails. Artisanal and small-batch brands have started focusing on catering to the demand for premium tonic water, offering a wide range of botanical-infused and flavored tonic water that complements the nuanced characteristics of craft gin. Moreover, consumers are willing to pay premium prices for superior products that enhance their drinking experience.
Proliferation of E-Commerce to Create Opportunities in Market
With the increasing popularity of online shopping, particularly in the food & beverages sector, tonic water brands can leverage e-commerce platforms to expand their market presence and reach an extended consumer base. By establishing the online presence, these brands can directly connect with consumers, offering a seamless shopping experience and convenient delivery options, which is especially appealing to busy urban residents. The launch of a dedicated online platform specifically offering alcoholic beverages and mixers creates growth opportunities for the tonic water market players. In July 2022, A1 Cuisines, a company that owns and manufactures the Malaki brand of tonic water, announced the launch of BeverageCart, India’s first mobile app-based beverage platform. The app aims to aid the smooth delivery of beverages to retailers, hotels, restaurants, and caterers, thereby fulfilling wholesale online orders. Such platforms provide a curated selection of premium tonic water brands, offering consumers a one-stop shop for their cocktail needs. .
Tonic Water Market Report Segmentation Analysis
Key segments that contributed to the derivation of the tonic water market analysis are product type, category, and distribution channel.
- Based on type, the tonic water market is divided into plain and flavored. The flavored segment held a larger market share in 2023.
- By category, the market is bifurcated into low/no sugar and regular. The regular segment held a larger share of the market in 2023.
- In terms of end use, the market is segmented into on-trade and off-trade. The off-trade segment held a significant share of the market in 2023.
Tonic Water Market Share Analysis by Geography
The geographic scope of the tonic water market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
Europe dominates the market. Key players such as Fever-Tree and Schweppes have significant presence in the tonic water market in Europe. These companies have successfully capitalized on premiumization by launching high-quality tonic water options made with natural ingredients and unique flavors. In November 2021, Arctic Blue announced the launch of tonic water made from pure Finnish groundwater, which is a low-sugar and low-calorie yet tasty product. In addition, the launch of premium tonic water variants, including artisanal and small-batch offerings, has further stimulated consumer interest.
Tonic Water Market Report Scope
Tonic Water Market News and Recent Developments
The tonic water market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A key recent development in the tonic water market is mentioned below:
- Fentimans introduced a 200ml mixer range in the UK, moving away from its traditional 125ml serve. The new range, including Tonic Water, Ginger Beer, and Rose Lemonade flavors, would be made using Fentimans' botanical brewing technique, a 100-year-old artisanal method, to create a more bottomless, flavorful, long mixed drink. (Source: Company Website, May 2024)
Tonic Water Market Report Coverage and Deliverables
The "Tonic Water Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Tonic water market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Tonic water market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Tonic water market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the tonic water market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The tonic water market size is projected to reach US$ 3,479.28 million by 2031.
The Coca-Cola Co, Fevertree Drinks Plc, Three Cents Co, Thomas Henry GmbH, Q Tonic LLC, East Imperial Beverage Corp, Fentimans Ltd, Britvic Plc, Bickford & Sons Ltd, and White Rock Beverages Ltd are a few of the key players operating in the tonic water market.
Increasing demand for gin and innovations in flavors are major factors contributing to the growth of market.
Rising preference for low-sugar tonic water is likely to emerge as a key trend in the market in the future.
Europe accounted for the largest share of the market in 2023.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Tonic Water Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers
4.3.3 Distributors/Suppliers
4.3.4 End Users
4.4 List of Vendors
5. Tonic Water Market – Key Market Dynamics
5.1 Tonic Water Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Increasing Demand for Gin
5.2.2 Innovations in Flavors
5.3 Market Restraints
5.3.1 Availability of Substitutes
5.4 Market Opportunities
5.4.1 Proliferation of E-Commerce
5.5 Future Trends
5.5.1 Preference for Low-Sugar Tonic Water
5.6 Impact of Drivers and Restraints:
6. Tonic Water Market – Global Market Analysis
6.1 Tonic Water Market Revenue (US$ Million), 2021–2031
6.2 Tonic Water Market Forecast Analysis
7. Tonic Water Market Analysis – by Type
7.1 Plain
7.1.1 Overview
7.1.2 Plain: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Flavored
7.2.1 Overview
7.2.2 Flavored: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
8. Tonic Water Market Analysis – by Category
8.1 Low/No Sugar
8.1.1 Overview
8.1.2 Low/No Sugar: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Regular
8.2.1 Overview
8.2.2 Regular: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
9. Tonic Water Market Analysis – by End User
9.1 On-Trade
9.1.1 Overview
9.1.2 On-Trade: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
9.2 Off-Trade
9.2.1 Overview
9.2.2 Off-Trade: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
10. Tonic Water Market – Geographical Analysis
10.1 Overview
10.2 North America
10.2.1 North America Tonic Water Market Overview
10.2.2 North America: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3 North America: Tonic Water Market Breakdown, by Type
10.2.3.1 North America: Tonic Water Market – Revenue and Forecast Analysis – by Type
10.2.4 North America: Tonic Water Market Breakdown, by Category
10.2.4.1 North America: Tonic Water Market – Revenue and Forecast Analysis – by Category
10.2.5 North America: Tonic Water Market Breakdown, by End User
10.2.5.1 North America: Tonic Water Market – Revenue and Forecast Analysis – by End User
10.2.6 North America: Tonic Water Market – Revenue and Forecast Analysis – by Country
10.2.6.1 North America: Tonic Water Market – Revenue and Forecast Analysis – by Country
10.2.6.2 United States: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
10.2.6.2.1 United States: Tonic Water Market Breakdown, by Type
10.2.6.2.2 United States: Tonic Water Market Breakdown, by Category
10.2.6.2.3 United States: Tonic Water Market Breakdown, by End User
10.2.6.3 Canada: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
10.2.6.3.1 Canada: Tonic Water Market Breakdown, by Type
10.2.6.3.2 Canada: Tonic Water Market Breakdown, by Category
10.2.6.3.3 Canada: Tonic Water Market Breakdown, by End User
10.2.6.4 Mexico: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
10.2.6.4.1 Mexico: Tonic Water Market Breakdown, by Type
10.2.6.4.2 Mexico: Tonic Water Market Breakdown, by Category
10.2.6.4.3 Mexico: Tonic Water Market Breakdown, by End User
10.3 Europe
10.3.1 Europe Tonic Water Market Overview
10.3.2 Europe: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
10.3.3 Europe: Tonic Water Market Breakdown, by Type
10.3.3.1 Europe: Tonic Water Market – Revenue and Forecast Analysis – by Type
10.3.4 Europe: Tonic Water Market Breakdown, by Category
10.3.4.1 Europe: Tonic Water Market – Revenue and Forecast Analysis – by Category
10.3.5 Europe: Tonic Water Market Breakdown, by End User
10.3.5.1 Europe: Tonic Water Market – Revenue and Forecast Analysis – by End User
10.3.6 Europe: Tonic Water Market – Revenue and Forecast Analysis – by Country
10.3.6.1 Europe: Tonic Water Market – Revenue and Forecast Analysis – by Country
10.3.6.2 Germany: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.2.1 Germany: Tonic Water Market Breakdown, by Type
10.3.6.2.2 Germany: Tonic Water Market Breakdown, by Category
10.3.6.2.3 Germany: Tonic Water Market Breakdown, by End User
10.3.6.3 France: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.3.1 France: Tonic Water Market Breakdown, by Type
10.3.6.3.2 France: Tonic Water Market Breakdown, by Category
10.3.6.3.3 France: Tonic Water Market Breakdown, by End User
10.3.6.4 Italy: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.4.1 Italy: Tonic Water Market Breakdown, by Type
10.3.6.4.2 Italy: Tonic Water Market Breakdown, by Category
10.3.6.4.3 Italy: Tonic Water Market Breakdown, by End User
10.3.6.5 United Kingdom: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.5.1 United Kingdom: Tonic Water Market Breakdown, by Type
10.3.6.5.2 United Kingdom: Tonic Water Market Breakdown, by Category
10.3.6.5.3 United Kingdom: Tonic Water Market Breakdown, by End User
10.3.6.6 Spain: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.6.1 Spain: Tonic Water Market Breakdown, by Type
10.3.6.6.2 Spain: Tonic Water Market Breakdown, by Category
10.3.6.6.3 Spain: Tonic Water Market Breakdown, by End User
10.3.6.7 Sweden: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.7.1 Sweden: Tonic Water Market Breakdown, by Type
10.3.6.7.2 Sweden: Tonic Water Market Breakdown, by Category
10.3.6.7.3 Sweden: Tonic Water Market Breakdown, by End User
10.3.6.8 Netherlands: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.8.1 Netherlands: Tonic Water Market Breakdown, by Type
10.3.6.8.2 Netherlands: Tonic Water Market Breakdown, by Category
10.3.6.8.3 Netherlands: Tonic Water Market Breakdown, by End User
10.3.6.9 Rest of Europe: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.9.1 Rest of Europe: Tonic Water Market Breakdown, by Type
10.3.6.9.2 Rest of Europe: Tonic Water Market Breakdown, by Category
10.3.6.9.3 Rest of Europe: Tonic Water Market Breakdown, by End User
10.4 Asia Pacific
10.4.1 Asia Pacific Tonic Water Market Overview
10.4.2 Asia Pacific: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
10.4.3 Asia Pacific: Tonic Water Market Breakdown, by Type
10.4.3.1 Asia Pacific: Tonic Water Market – Revenue and Forecast Analysis – by Type
10.4.4 Asia Pacific: Tonic Water Market Breakdown, by Category
10.4.4.1 Asia Pacific: Tonic Water Market – Revenue and Forecast Analysis – by Category
10.4.5 Asia Pacific: Tonic Water Market Breakdown, by End User
10.4.5.1 Asia Pacific: Tonic Water Market – Revenue and Forecast Analysis – by End User
10.4.6 Asia Pacific: Tonic Water Market – Revenue and Forecast Analysis – by Country
10.4.6.1 Asia Pacific: Tonic Water Market – Revenue and Forecast Analysis – by Country
10.4.6.2 China: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.2.1 China: Tonic Water Market Breakdown, by Type
10.4.6.2.2 China: Tonic Water Market Breakdown, by Category
10.4.6.2.3 China: Tonic Water Market Breakdown, by End User
10.4.6.3 Japan: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.3.1 Japan: Tonic Water Market Breakdown, by Type
10.4.6.3.2 Japan: Tonic Water Market Breakdown, by Category
10.4.6.3.3 Japan: Tonic Water Market Breakdown, by End User
10.4.6.4 India: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.4.1 India: Tonic Water Market Breakdown, by Type
10.4.6.4.2 India: Tonic Water Market Breakdown, by Category
10.4.6.4.3 India: Tonic Water Market Breakdown, by End User
10.4.6.5 Australia: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.5.1 Australia: Tonic Water Market Breakdown, by Type
10.4.6.5.2 Australia: Tonic Water Market Breakdown, by Category
10.4.6.5.3 Australia: Tonic Water Market Breakdown, by End User
10.4.6.6 South Korea: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.6.1 South Korea: Tonic Water Market Breakdown, by Type
10.4.6.6.2 South Korea: Tonic Water Market Breakdown, by Category
10.4.6.6.3 South Korea: Tonic Water Market Breakdown, by End User
10.4.6.7 Rest of Asia Pacific: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.7.1 Rest of Asia Pacific: Tonic Water Market Breakdown, by Type
10.4.6.7.2 Rest of Asia Pacific: Tonic Water Market Breakdown, by Category
10.4.6.7.3 Rest of Asia Pacific: Tonic Water Market Breakdown, by End User
10.5 Middle East and Africa
10.5.1 Middle East and Africa Tonic Water Market Overview
10.5.2 Middle East and Africa: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
10.5.3 Middle East and Africa: Tonic Water Market Breakdown, by Type
10.5.3.1 Middle East and Africa: Tonic Water Market – Revenue and Forecast Analysis – by Type
10.5.4 Middle East and Africa: Tonic Water Market Breakdown, by Category
10.5.4.1 Middle East and Africa: Tonic Water Market – Revenue and Forecast Analysis – by Category
10.5.5 Middle East and Africa: Tonic Water Market Breakdown, by End User
10.5.5.1 Middle East and Africa: Tonic Water Market – Revenue and Forecast Analysis – by End User
10.5.6 Middle East and Africa: Tonic Water Market – Revenue and Forecast Analysis – by Country
10.5.6.1 Middle East and Africa: Tonic Water Market – Revenue and Forecast Analysis – by Country
10.5.6.2 South Africa: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
10.5.6.2.1 South Africa: Tonic Water Market Breakdown, by Type
10.5.6.2.2 South Africa: Tonic Water Market Breakdown, by Category
10.5.6.2.3 South Africa: Tonic Water Market Breakdown, by End User
10.5.6.3 Saudi Arabia: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
10.5.6.3.1 Saudi Arabia: Tonic Water Market Breakdown, by Type
10.5.6.3.2 Saudi Arabia: Tonic Water Market Breakdown, by Category
10.5.6.3.3 Saudi Arabia: Tonic Water Market Breakdown, by End User
10.5.6.4 United Arab Emirates: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
10.5.6.4.1 United Arab Emirates: Tonic Water Market Breakdown, by Type
10.5.6.4.2 United Arab Emirates: Tonic Water Market Breakdown, by Category
10.5.6.4.3 United Arab Emirates: Tonic Water Market Breakdown, by End User
10.5.6.5 Rest of Middle East and Africa: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
10.5.6.5.1 Rest of Middle East and Africa: Tonic Water Market Breakdown, by Type
10.5.6.5.2 Rest of Middle East and Africa: Tonic Water Market Breakdown, by Category
10.5.6.5.3 Rest of Middle East and Africa: Tonic Water Market Breakdown, by End User
10.6 South and Central America
10.6.1 South and Central America Tonic Water Market Overview
10.6.2 South and Central America: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
10.6.3 South and Central America: Tonic Water Market Breakdown, by Type
10.6.3.1 South and Central America: Tonic Water Market – Revenue and Forecast Analysis – by Type
10.6.4 South and Central America: Tonic Water Market Breakdown, by Category
10.6.4.1 South and Central America: Tonic Water Market – Revenue and Forecast Analysis – by Category
10.6.5 South and Central America: Tonic Water Market Breakdown, by End User
10.6.5.1 South and Central America: Tonic Water Market – Revenue and Forecast Analysis – by End User
10.6.6 South and Central America: Tonic Water Market – Revenue and Forecast Analysis – by Country
10.6.6.1 South and Central America: Tonic Water Market – Revenue and Forecast Analysis – by Country
10.6.6.2 Brazil: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
10.6.6.2.1 Brazil: Tonic Water Market Breakdown, by Type
10.6.6.2.2 Brazil: Tonic Water Market Breakdown, by Category
10.6.6.2.3 Brazil: Tonic Water Market Breakdown, by End User
10.6.6.3 Argentina: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
10.6.6.3.1 Argentina: Tonic Water Market Breakdown, by Type
10.6.6.3.2 Argentina: Tonic Water Market Breakdown, by Category
10.6.6.3.3 Argentina: Tonic Water Market Breakdown, by End User
10.6.6.4 Chile: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
10.6.6.4.1 Chile: Tonic Water Market Breakdown, by Type
10.6.6.4.2 Chile: Tonic Water Market Breakdown, by Category
10.6.6.4.3 Chile: Tonic Water Market Breakdown, by End User
10.6.6.5 Rest of South and Central America: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
10.6.6.5.1 Rest of South and Central America: Tonic Water Market Breakdown, by Type
10.6.6.5.2 Rest of South and Central America: Tonic Water Market Breakdown, by Category
10.6.6.5.3 Rest of South and Central America: Tonic Water Market Breakdown, by End User
11. Competitive Landscape
11.1 Heat Map Analysis
11.2 Company Positioning and Concentration
12. Tonic Water Market Industry Landscape
12.1 Overview
12.2 Mergers And Acquisitions
12.3 Agreements, Collaborations, And Joint Ventures
12.4 New Product Launches
12.5 Expansions And Other Strategic Developments
13. Company Profiles
13.1 The Coca-Cola Co
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Fevertree Drinks Plc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Three Cents Co
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Thomas Henry GmbH
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Q Tonic LLC
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 East Imperial Beverage Corp
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Fentimans Ltd
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Britvic Plc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Bickford & Sons Ltd
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 White Rock Beverages Ltd
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
List of Tables
Table 1. Tonic Water Market Segmentation
Table 2. List of Vendors
Table 3. Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Table 4. Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 5. Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Category
Table 6. Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 7. North America: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 8. North America: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Category
Table 9. North America: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 10. North America: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 11. United States: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 12. United States: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Category
Table 13. United States: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 14. Canada: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 15. Canada: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Category
Table 16. Canada: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 17. Mexico: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 18. Mexico: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Category
Table 19. Mexico: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 20. Europe: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 21. Europe: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Category
Table 22. Europe: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 23. Europe: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 24. Germany: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 25. Germany: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Category
Table 26. Germany: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 27. France: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 28. France: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Category
Table 29. France: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 30. Italy: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 31. Italy: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Category
Table 32. Italy: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 33. United Kingdom: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 34. United Kingdom: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Category
Table 35. United Kingdom: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 36. Spain: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 37. Spain: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Category
Table 38. Spain: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 39. Sweden: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 40. Sweden: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Category
Table 41. Sweden: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 42. Netherlands: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 43. Netherlands: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Category
Table 44. Netherlands: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 45. Rest of Europe: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 46. Rest of Europe: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Category
Table 47. Rest of Europe: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 48. Asia Pacific: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 49. Asia Pacific: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Category
Table 50. Asia Pacific: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 51. Asia Pacific: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 52. China: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 53. China: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Category
Table 54. China: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 55. Japan: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 56. Japan: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Category
Table 57. Japan: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 58. India: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 59. India: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Category
Table 60. India: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 61. Australia: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 62. Australia: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Category
Table 63. Australia: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 64. South Korea: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 65. South Korea: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Category
Table 66. South Korea: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 67. Rest of Asia Pacific: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 68. Rest of Asia Pacific: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Category
Table 69. Rest of Asia Pacific: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 70. Middle East and Africa: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 71. Middle East and Africa: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Category
Table 72. Middle East and Africa: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 73. Middle East and Africa: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 74. South Africa: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 75. South Africa: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Category
Table 76. South Africa: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 77. Saudi Arabia: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 78. Saudi Arabia: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Category
Table 79. Saudi Arabia: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 80. United Arab Emirates: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 81. United Arab Emirates: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Category
Table 82. United Arab Emirates: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 83. Rest of Middle East and Africa: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 84. Rest of Middle East and Africa: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Category
Table 85. Rest of Middle East and Africa: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 86. South and Central America: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 87. South and Central America: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Category
Table 88. South and Central America: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 89. South and Central America: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 90. Brazil: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 91. Brazil: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Category
Table 92. Brazil: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 93. Argentina: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 94. Argentina: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Category
Table 95. Argentina: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 96. Chile: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 97. Chile: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Category
Table 98. Chile: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 99. Rest of South and Central America: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 100. Rest of South and Central America: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by Category
Table 101. Rest of South and Central America: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 102. Heat Map Analysis
List of Figures
Figure 1. Tonic Water Market Segmentation, by Geography
Figure 2. Porter's Five Forces Analysis
Figure 3. Ecosystem: Tonic Water Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Tonic Water Market Revenue (US$ Million), 2021–2031
Figure 6. Tonic Water Market Share (%) – by Type (2023 and 2031)
Figure 7. Plain: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. Flavored: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Tonic Water Market Share (%) – by Category (2023 and 2031)
Figure 10. Low/No Sugar: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. Regular: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. Tonic Water Market Share (%) – by End User (2023 and 2031)
Figure 13. On-Trade: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. Off-Trade: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. Tonic Water Market Breakdown by Region, 2023 and 2031 (%)
Figure 16. North America: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. North America: Tonic Water Market Breakdown, by Type (2023 and 2031)
Figure 18. North America: Tonic Water Market Breakdown, by Category (2023 and 2031)
Figure 19. North America: Tonic Water Market Breakdown, by End User (2023 and 2031)
Figure 20. North America: Tonic Water Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 21. United States: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 22. Canada: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 23. Mexico: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 24. Europe: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 25. Europe: Tonic Water Market Breakdown, by Type (2023 and 2031)
Figure 26. Europe: Tonic Water Market Breakdown, by Category (2023 and 2031)
Figure 27. Europe: Tonic Water Market Breakdown, by End User (2023 and 2031)
Figure 28. Europe: Tonic Water Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 29. Germany: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 30. France: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 31. Italy: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 32. United Kingdom: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 33. Spain: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 34. Sweden: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 35. Netherlands: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 36. Rest of Europe: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 37. Asia Pacific: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 38. Asia Pacific: Tonic Water Market Breakdown, by Type (2023 and 2031)
Figure 39. Asia Pacific: Tonic Water Market Breakdown, by Category (2023 and 2031)
Figure 40. Asia Pacific: Tonic Water Market Breakdown, by End User (2023 and 2031)
Figure 41. Asia Pacific: Tonic Water Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 42. China: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 43. Japan: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 44. India: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 45. Australia: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 46. South Korea: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 47. Rest of Asia Pacific: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 48. Middle East and Africa: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 49. Middle East and Africa: Tonic Water Market Breakdown, by Type (2023 and 2031)
Figure 50. Middle East and Africa: Tonic Water Market Breakdown, by Category (2023 and 2031)
Figure 51. Middle East and Africa: Tonic Water Market Breakdown, by End User (2023 and 2031)
Figure 52. Middle East and Africa: Tonic Water Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 53. South Africa: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 54. Saudi Arabia: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 55. United Arab Emirates: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 56. Rest of Middle East and Africa: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 57. South and Central America: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 58. South and Central America: Tonic Water Market Breakdown, by Type (2023 and 2031)
Figure 59. South and Central America: Tonic Water Market Breakdown, by Category (2023 and 2031)
Figure 60. South and Central America: Tonic Water Market Breakdown, by End User (2023 and 2031)
Figure 61. South and Central America: Tonic Water Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 62. Brazil: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 63. Argentina: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 64. Chile: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 65. Rest of South and Central America: Tonic Water Market – Revenue and Forecast to 2031 (US$ Million)
Figure 66. Company Positioning and Concentration
The List of Companies - Tonic Water Market
- The Coca-Cola Co
- Fevertree Drinks Plc
- Three Cents Co
- Thomas Henry GmbH
- Q Tonic LLC
- East Imperial Beverage Corp
- Fentimans Ltd
- Britvic Plc
- Bickford & Sons Ltd
- White Rock Beverages Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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