Sparkling Water Market Size and Growth Rate:
The global sparkling water market size is likely to reach USD 119 billion by 2023 and is valued to register a CAGR of 7.4% during the forecast period 2018 to 2023.

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Sparkling Water Market Overview:
When calculated amount of carbon dioxide gas is dissolved in plain water, it is known as carbonated water or sparkling water. The surge in pressure increases the solubility; this means more carbon dioxide can be passed in the water as compared to under standard atmospheric pressure. The plain sparkling water segment is expected to dominate the market. In terms of the packaging material used, cans draw the most demand in the tonic water market because of the convenience factor.

Sparkling Water Market Growth Drivers and Restraints:
The market is estimated to witness a higher growth as compared to carbonated drinks on account of better health aids and added nutrients. Factors such as rise in per capita spending and rapid urbanization are expected to fuel the demand for bottled water over the forecast period.

However, higher cost of bottled water may confine the growth of this market. On the other hand, growing consciousness regarding benefits of sparkling water together with increasing preference for active lifestyle is anticipated to play animportant role in driving the market. Companies such as PepsiCo Inc. recently launched premium priced bottled water in order to strengthen consumer interest in healthier beverages.

Efforts by manufacturers towards product novelty followed by product promotion is increasing the growth of the market. Attractive and convenient packaging of the product is also having a positive impact on the growth of the market. The sparkling water is now being introduced in fruity flavours such as orange, lime, raspberry, and lemon which is further expected to boost the market.

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Sparkling Water Market Geographical Segmentation:
Geographically, the market is diversified in the regions such as AsiaPacific, Europe, North America, and Rest of the World. Asia Pacific is possible to be the dominant regional market over the forecast period. Rising population together with rapid urbanization in countries such as India, China, Indonesia, and Malaysia are likely to be the key drivers for the market.The demand for flavoured sparkling water is high in developing countries like China, India and Brazil.

Key Players of the Sparkling Water Market:
Some of the key companies in the world market are Mountain Valley Spring Water; Nestlé S.A.; Danone Waters of America, Inc.; PepsiCo, Inc.; Gerolsteiner Brunnen GmbH & Co. KG; RHODIUS Mineralquellen und Getränke GmbH & Co. KG; Tata Global Beverages; Nongfu Spring; Bisleri International Pvt. Ltd.; and The Coca-Cola Company.

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