LONDON–(BUSINESS WIRE)–The global tonic water market size is expected to grow by USD 543.32 million as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. Moreover, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 6%.

For the Right Perspective & Competitive Insights- Request Free Sample Report on Pandemic Recovery Analysis

Read the 120-page report with TOC on “Tonic Water Market Analysis Report by Application (Alcohol drinks mixer and Direct consumption) and Geography (North America, Europe, APAC, South America, and MEA), and the Segment Forecasts, 2020-2024”. Gain competitive intelligence about market leaders. Track key industry opportunities, trends and threats. Information on marketing, brand, strategy and market development, sales and supply functions. https://www.technavio.com/report/tonic-water-market-industry-analysis

Tonic water market is driven by the rise in product launches. In addition, the increasing consumption of gin is anticipated to boost the growth of the tonic water market.

Vendors are increasingly focusing on boosting their market share and revenue through successful new product launches. For instance, the Fever-Tree launched its Pink Aromatic Tonic in the US market. Similarly, Percival & Co. launched an alcoholic elderflower tonic water in the US. The introduction of such new products in the market draws the attention of new customers and retains the interest of existing customers. Thus, the rise in product launches is expected to drive market growth during the forecast period.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Major Five Tonic Water Companies:

Asahi Group Holdings Ltd.

Asahi Group Holdings Ltd. has business operations under four segments: alcohol beverages, soft drinks, food, and overseas. The company offers tonic water through its Wilkinson brand.

Britvic Plc

Britvic Plc operates its business through various segments such as GB stills, GB carbs, Ireland, France, Brazil, and International. The company offers Tonic Water and Low Calorie Tonic Water.

Fentimans Ltd.

Fentimans Ltd. offers soft drinks, mixers, and hollows and fentimans. The company offers various tonic water flavors such as Connoisseurs tonic water, light tonic water, pink grapefruit tonic water, Valencian orange tonic water, and others.

Fevertree Drinks Plc

Fevertree Drinks Plc offers tonic water in different flavors such as Clementine Tonic Water, Premium Indian Tonic Water, Refreshingly Light Indian Tonic Water, Mediterranean Tonic Water, Elderflower Tonic Water, Aromatic Tonic Water, Lemon Tonic Water, and Refreshingly Light Cucumber Tonic Water.

Franklin & Sons Ltd.

Franklin & Sons Ltd. offers various types of tonic water in different flavours. The company’s product offerings include Natural Indian Tonic Water, Natural Light Tonic Water, Mallorcan Tonic, and Sicilian Lemon Tonic.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio’s SUBSCRIPTION platform

Tonic Water Market Application Outlook (Revenue, USD mn, 2020-2024)

• Alcohol drinks mixer – size and forecast 2019-2024
• Direct consumption – size and forecast 2019-2024

Tonic Water Market Regional Outlook (Revenue, USD mn, 2020-2024)

• North America – size and forecast 2019-2024
• Europe – size and forecast 2019-2024
• APAC – size and forecast 2019-2024
• South America – size and forecast 2019-2024
• MEA – size and forecast 2019-2024

Are you a start-up willing to make it big in the business? Grab an exclusive Report

Related Reports on Consumer Staples Include:

Global Soft Drinks Market – Global soft drinks market by product (carbonated soft drinks, juices and juice concentrates, bottled water, RTD tea and coffee, and others) and geography (North America, Europe, APAC, South America, and MEA).

Global Beauty Drinks Market – Global beauty drinks market by product (collagen protein, vitamins and minerals, fruit extracts, and others), distribution channel (offline and online), and geography (APAC, Europe, MEA, North America, and South America).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.