Transparency Market Research

Tonic Water Market: Rising Demand for New Beverage Flavors Fillips Industry Growth - TMR

Tonic Water Market - Industry Growth

 

Albany, NY -- (SBWIRE) -- 04/19/2019 -- Tonic water is a type of carbonated soft drink which also contains quinine. Previously, tonic water was majorly used as a medicine of malaria. However, now tonic water holds significantly lower amount of quinine and is mainly consumed for its exclusive bitter flavor. Tonic water is often mixed with any type of alcoholic drink, especially with gin and tonic. The global tonic water market is majorly driven by increasing disposable income of general population due to rapid modernization. Apart from this, surging popularity in internet and social media has led to the raised sale of tonic water. Such factors are also boosting the global tonic water market.

As study by Transparency Market Research projects the global tonic water market to pull in a revenue of US$2.45 bn by 2025-end by rising at a CAGR of 6.1% from 2017 to 2025. The report estimated the market was worth US$1.52 bn in 2017.

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Tonic water can be consumed directly or with alcoholic drinks. Growing perception about alcoholic drinks in relaxing the mind is the major factor augmenting demand for alcoholic drinks, which in turn is also fueling growth in the global tonic water market. Tonic water can be available in various retailers such as convenience stores, modern trade, and online retailing platforms.

Going forward, the global tonic water market is expected to rise at a solid pace, owing to the growing popularity of tonic water due to the availability of different flavors and variants.

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Perfect Blend of Various Alcoholic Drinks with Tonic Water to Fuel Market's Growth

With the rapid development of nations across the globe, people have also changed their standard of living accordingly. Consequently, consumption of non-alcoholic and alcoholic beverages have also increased as a modern trend. It is seen that consumers' inclination towards drinking alcoholic beverages is rising day by day. Consumption rate of vodka and gin among alcoholic beverages is preferably high as compared to other drinks such as rum and tequila. Tonic water is widely used for mixing with all these alcohols to create a perfect drink. Such factors bolster demand in the global tonic water market. Along with this, soaring consumers' demand for spending times at night clubs, lounges, and bars is also fueling growth in the global tonic water market.