Global Tonic Water Market By Type ( Regular Tonic Water, Diet Tonic Water, Slimline Tonic Water ), By Application ( Supermarket, Online Retailers ), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2033

The global tonic water market was valued at USD 1.98 Billion in 2023. It is projected to grow to USD 3.70 billion by 2033, at a compound annual rate of 7.2% (CAGR) between 2023 and 2033. The market’s key driver is the rising consumption of alcohol such as vodka and gin. Tonic water also contains plenty of quinine which can help reduce the risk of getting malaria or other leg-related medical problems. Market growth is expected to be driven by these medicinal properties over the forecast period.

Tonic water is a popular soft drink that mixes spirits. Tonic water is a strong base for many drinks, giving them a bitter taste. Gin and Tonic are a well-known mix that is enjoyed by drinkers all over the world. It is commonly known as “G and T” in the United States, Canada, Australia, Ireland, Australia, New Zealand, and the U.K.

Growing Demand:

The market is growing because of the rising consumption of alcohol and the strong preferences of consumers. They are more inclined to buy premium spirits and are willing and able to spend money.

Due to the growing preference for premium alcohol, consumers are more inclined to prefer premium mixers. Tonic water has seen a rise in popularity due to the rising trend of the cocktail. Tonic water is slowly being mixed in cocktails by bartenders.

Tonic water has been driven by increasing urbanization, income growth, and a rise in the middle class. Tonic water is in high demand due to the availability of many variants and the increased popularity of social media and the internet.

Due to young consumers’ demand and competitive pricing, there has been an increase in the number of bars, pubs, and breweries that serve alcoholic beverages. This has resulted in an increase in spirits consumption, which is driving the growth and popularity of tonic water.

Due to its lower sugar content and diet variants that have fewer calories and carbs, diet tonic water is becoming more popular. Companies are creating new flavors to suit consumer tastes. These factors are driving the market growth for tonic water.

Tonic Water Market Scope:

By type, the market is segmented into Regular Tonic Water, Diet Tonic Water, and Slimline Tonic Water. By Application, the market is divided into supermarkets and Online Retailers.

Based on geography, the market is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East, and Africa. Major players profiled in the report include Fever Tree, Dr. Pepper Snapple, Whole Foods, Sodastream, Watson Group, Fentimans, Nestl?, Seagram’s, White Rock, Hansen’s, Stirrings, East Imperial, Thomas Henry, Shasta Tonic Water, Bradleys Tonic, Q Drinks, 1724 Tonic Water, El Guapo, Tom’s Handcrafted, and Jack Rudy Cocktail.

Key Market Segments

Type

Regular Tonic Water
Diet Tonic Water
Slimline Tonic Water

Application

Supermarket
Online Retailers

Key Market Players included in the report:

Fever Tree
Dr Pepper Snapple
Whole Foods
Sodastream
Watson Group
Fentimans
Nestl
Seagram’s
White Rock
Hansen’s
Stirrings
East Imperial
Thomas Henry
Shasta Tonic Water
Bradleys Tonic
Q Drinks
1724 Tonic Water
El Guapo
Tom’s Handcrafted
Jack Rudy Cocktail

Driving Factors:

Tonic water has many benefits

Tonic water is widely used as a healthy beverage around the globe due to its presence of quinine. This medication is used to treat malaria and Babesiosis. Tonic water has a high level of quinine and excellent medicinal properties. It contains 83 mg per liter. A wide range of flavors and sugars are being offered by market manufacturers. Tonic water’s medicinal benefits are driving global demand.

The development of new flavors and a growing alcohol consumption

Tonic water is used in margaritas to enhance the drink and soothe dehydration. It has a strong taste which is another factor behind this growth. Children, teens, and young adults love the sparkling effect of tonic waters under ultraviolet light.

Because quinine, which is reactive to ultraviolet radiation, makes tonic water appear fluorescent in direct sunlight. The market for tonic water is expected to continue growing due to its popularity in cocktails and medicinal properties. Over the forecast period, manufacturers of tonic water will develop new product flavors.

Restraining Factors:

Tonic water is not well-known for its health benefits. It is mostly known as an alcohol mixer. However, it can be enjoyed as a soft drink. This will limit the market’s growth over the forecast period.

This report on the tonic water market provides information about recent developments, import-export and production analysis, value chain optimization, market share, and the impact of local market players. It also analyzes opportunities in terms of emerging revenue pockets, changes in regulatory policies, strategic market growth analysis, and market size.

Market growth analysis includes market size, category growths, application niches, dominance, and product approvals. Geographic expansions. Technological innovations in this market. For more information on the tonic water market, contact Data Bridge Market Research to receive an Analyst Brief. Our team will assist you in making informed market decisions to grow your market share.

Tonic Water Market Trends:

Because of the increasing popularity of cocktails, spirit drinks are gradually losing ground to them. Young professionals and millennials are choosing taste over alcohol. The region’s consumers are becoming more conscious of their health and switching to low-alcohol cocktails.

There are many options for consumers when it comes to cocktails. These include innovative products as well as healthier options like cocktails that have been infused with ginger, quinine, or lavender, which can be beneficial to one’s health. Bartenders are now focusing on creating new cocktails with healthy ingredients. This will provide growth opportunities worldwide for tonic water manufacturers.

The major consumers of Gin & Tonic Water are the millennials and younger generations. These consumers want premium products with unique flavors, packaging designs, and brands. Globally, consumers are switching to premium cocktail brands and high-quality ingredients.

The choices and tastes of young consumers are more refined. Consumers are no longer content to drink regular alcoholic drinks like gin and tonics. They want to enjoy a pleasant experience. This is what is driving the tonic water market.

Recent Developments:

Fentimans introduced a new range of 200ml mixers in May 2021. Fentimans’ 100-year-old artisanal process will continue to make the new 200ml mixer range. It includes Tonic Water, Ginger Beer, and Rose Lemonade. Fentiman’s wide range of colored and flavor tonics is also included in the range, which can be paired with many spirit types.

Love Tonic, a brand new mixer, launched quinine-free, tonic water in February 2020. It can be mixed with vodka, tequila, or whisky in the United Kingdom.