Tonic Water Market Size And Forecast
Tonic WaterMarket was valued at USD 1.844 Billion in 2020 and is projected to reach USD 3.19 Billion by 2028, growingat a CAGRof 7.1 % from 2021 to 2028.

Rising intake ofalcohol beverages, increasing standard of living, and the growing number ofclubs, lounges, & bars are expected to fuel the growth of tonic watermarket over the predicted years. The Global Tonic Water Market reportprovides a holistic evaluation of the market. The report offers a comprehensiveanalysis of key segments, trends, drivers, restraints, competitive landscape,and factors that are playing a substantial role in the market.

GlobalTonic Water Market Definition
Tonic water is acarbonated soft drink which consists of quinine as a major content. Quinine isa bitter compound which come from the bark of the cinchona tree. Quinine isgenerally used as a prophylactic against malaria. It is also used to preventand cure babesiosis and other diseases. Tonic water usually containssignificantly lower quinine content and is consumed for its distinctive bitterflavor. It is often consumed with regular content which is combined with alcoholor fruit juice or non-flavored. Traditional version of tonic water containsadded sugar while diet tonic water contains artificial sweeteners. Diet tonicwater contains very less calories.

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Tonic water wasinitially used as a palatable way to consume quinine medicine. It is also usedin mixed drinks for making gin cocktails. The regular consumption of tonicwater may cause stomach cramps, nausea, vomiting, diarrhea, and nervousness.Based on the product type, market is bifurcated into Regular Tonic Water, LowCalorie Tonic Water, Slimline Tonic Water, and Flavored & Non-flavored.Based on the application, market is bifurcated into Alcoholic Drinks, MedicalPurposes, and Direct Consumption. Based on the distribution channel, market issub-divided into Supermarkets/Hypermarket, Convenience stores, Online Retailer,and Others.

GlobalTonic Water Market Overview
Rising intake ofalcohol beverages and the growing number of clubs, lounges, & bars areexpected to fuel the growth of tonic water market over the predicted years.Moreover, rising disposable income of people due to modernization and promotionof tonic water as a mixer with alcohol expects a boost to the market in thecoming years. Also, the increasing popularity of tonic water because ofavailability of different variants and the increased sale of tonic water due tothe surging popularity of social media & internet are anticipated to fuelthe market during the forecasted period.

There arecertain restraints and challenges faced which can hinder the market growth. Thelow awareness of tonic water is likely to act as a market restraint.

GlobalTonic Water Market Segmentation Analysis
The Global TonicWater Market is segmented based on Product Type, Application, DistributionChannel, and Geography.

TonicWater Market by Product Type
• Regular TonicWater
• Low Calorie Tonic Water
• Slimline Tonic Water
• Flavored and Non-flavored

Based on theProduct Type, the market is bifurcated into Regular Tonic Water, Low CalorieTonic Water, Slimline Tonic Water, and Flavored & Non-flavored. The RegularTonic Water segment is expected to hold the largest market share. The factorscan be attributed to availability of wide range of flavors and added sugar.

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TonicWater Market by Application
• AlcoholicDrinks
• Medical Purposes
• Direct Consumption

Based on theApplication, the market is bifurcated into Alcoholic Drinks, Medical Purposes,and Direct Consumption. Alcoholic Drinks segment is predicted to hold the mostsignificant CAGR in the forecasted period due to high consumption of alcoholall over the globe.

TonicWater Market by Distribution Channel
•Supermarkets/Hypermarket
• Convenience stores
• Online Retailer
• Others

Based onDistribution Channel, the market is bifurcated into Supermarkets/Hypermarket,Convenience stores, Online Retailer, and Others. The Supermarkets/Hypermarketsegment is anticipated to hold the largest market share. The factors can becredited for ease of availability of such products in supermarkets andhypermarkets.

TonicWater Market by Geography
• North America
• Europe
• Asia Pacific
• Rest of the world

Based onregional analysis, the Global Tonic Water Market is classified into NorthAmerica, Europe, Asia Pacific, and the Rest of the world. The largest share inthe market will be dominated by North America owing to the high consumption oftonic water in the countries like U.S. and Canada. The Asia Pacific isanticipated to grow with the fastest CAGR due to the high consumption ofvarious types of spirits such as gin, whiskey, vodka, and rum in the countrieslike India, China, and Indonesia.

KeyPlayers In Tonic Water Market
The “GlobalTonic Water Market” study report will provide a valuable insight with anemphasis on global market including some of the major players such as The Coca-Cola Company, White RockProducts Corp., Fentimans Ltd., Powell And Mahoney LLC, Monster BeverageCorporation, Q Drinks, Diageo Plc., MBG International Premium Brands GmbH,Fevertree Drinks PLC, and East Imperial Superior Beverages.

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