Market - - Nov 08,2017
Increasing urban population together with factors such as modernization and growing disposable income are working to boost the market for tonic water across different regions.
Tonic water was originated under the British in the 19th century. Earlier, it was developed as a cure for malaria, but over the years, tonic water has evolved to become a distinctive drink which has established its stronghold across clubs, lounges, and bars. It is interesting to know that, the emergence of tonic water in different flavors for consumers has surely dropped a positive impact on the global tonic water market.
According to research findings, the future of tonic water is quite prosperous. It is observed that the global tonic water market is likely to extract a revenue of US$2.45 bn by 2025. Furthermore, the market would advance at a CAGR of 6.1% during the period 2017 to 2025, if the demand stays consistent.
Tonic water contains quinine which is rooted in many medicinal benefits. Also, it contains sugar that the drink a sweet as well as bitter flavor. It has been analyzed, increasing urban population along with increasing disposable income and modernization are supporting the demand for tonic water. Tonic water is also added to alcohol, which has further enhanced its need to a whole new level.
As per the geographical analysis, North America and Europe are marked as the dominant for the market for tonic water based on volume. This is primarily due to the hiking popularity of gin and vodka. Currently, the leading manufacturers of tonic water from different parts of the world include the Coca-Cola Company, Diageo Plc., Q Drinks, Boylan Bottling Co Inc., JACK RUDY COCKTAIL CO., White Rock Products Corp., Luscombe Drinks and Thomas Henry GmbH & Co.
For more information on this report visit- https://www.marketresearchhub.com/report/tonic-water-market-global-industry-analysis-size-share-growth-trends-and-forecast-2017-2025-report.html