Sparkling Water Market Size, Share, Growth Analysis, By Product(flavoured and unflavoured sparkling water), By Distribution channel(online and off-line), By Packaging(bottles and cans), By Region - Industry Forecast 2024-2031

In 2021, North America had the highest share of more than 35.0%. The primary driver of the market is the growing customer preference for healthy alternatives to soft drinks. Consumers are being persuaded to drink sparkling water due to advantages like increased intake, easier digestion, and improved bone and heart health. Additionally, it is projected that the simple availability of this product across distribution channels will accelerate the expansion of this segment. Major producers and marketers in the nation have begun to promote functional water as a healthier option to carbonated beverages and fruit juices. The players assert that functional water is an enhanced product that may serve as a functional beverage in addition to being used for hydration through product descriptions, interactive labeling, backing from reputable companies, and arranging programs and seminars.

In 2021, Europe represented a large portion of demand. In many European nations, including Germany, the United Kingdom, Italy, Spain, France, and the Netherlands, where the product is frequently provided with meals in restaurants, there is a significant demand for sparkling water. Quick-service eateries are growing significantly across Europe. In order to expand their reach in a more cutthroat climate, they have been developing a number of new drinks and food products that are influenced by both national and international cuisines. The local market is anticipated to benefit from this in the upcoming years. Due to the widespread use of the product with meals in restaurants in the region, Europe is anticipated to experience considerable growth during the forecast period.