Market Research Future Insights

According to MRFR analysis, Tonic Water Market Size was valued at USD 1.8 billion in 2022. The Tonic Water market is projected to grow from USD 2.014 Billion in 2023 to USD 3.9544 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.90% during the forecast period (2023–2030).

Tonic water was first used for its capacity to both prevent and treat malaria. The active component is an alkaloid found in the cinchona bark peel that is used to cure a variety of diseases. Furthermore, the tonic water’s quinine content is regarded to be effective in the treatment of muscular cramps. Although most tonic water now contains less quinine than pharmaceutical formulations and is sweetened to mask the strong sour aftertaste, it is still consumed for its flavor rather than its medical qualities.

𝐓𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐢𝐬 𝐏𝐫𝐢𝐜𝐞𝐝 𝐚𝐭 $𝟒𝟗𝟓𝟎 (𝐒𝐢𝐧𝐠𝐥𝐞 𝐔𝐬𝐞𝐫) — 𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞 𝐓𝐨 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞

Another element fueling this increase is the use of tonic water in margaritas as a drink enhancer and for alleviating dehydration due to its strong taste. The COVID-19 outbreak had a severe impact on the forecast for the tonic water business. Clubs, cafés, pubs, and breweries are closed due to the lockdown, and customer visits are strictly banned. Buyers stocked up on beverages during the shutdown’s early stages, lessening the impact on off-trade transactions. The lockout has given a fantastic opportunity for e-commerce channels due to societal estrangement.

Regional Analysis

The North American tonic water market was subdivided further into Canada, the United States, and Mexico. Drink mixers such as tonic water are growing more popular in Europe, which explains the region’s market dominance in this category. According to stories, British leaders serving in the Indian Army were once given tonic water to cure malaria.

Market Segmentation

The global Tonic Water market has been segmented by application and end-users.

Based on application, the market has been segmented into bottles and cans.

Based on end-users, the market has been segmented as store-based and non-store-based.

Key Players

Some of the key market players are Fever-Tree, Dr. Pepper Snapple Group, SodaStream International Ltd, A.S. Watson Group, Fentimans, Seagram Company Ltd, White Rock Beverages, Hansen Beverage Company Inc, Stirrings, and East Imperial.

Read More : https://www.marketresearchfuture.com/reports/tonic-water-market-6443

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