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Tonic Water Market Is Expected To Accomplish A Valuation Of Around $3.0 Billion By 2027: Grand View Research Inc.

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Tonic Water Market Is Expected To Accomplish A Valuation Of Around $3.0 Billion By 2027: Grand View Research Inc.

September 11
07:26 2020
Tonic Water Market Is Expected To Accomplish A Valuation Of Around $3.0 Billion By 2027: Grand View Research Inc.

Grand View Research, Inc. – Market Research And Consulting.
Growing consumer drink preferences to ‘Gin and Tonic’ across the globe is the key driving factor for the market. Moreover, increasing the use of tonic water to serve vodka and to make various types of popular cocktails is also offering new scope for the industry.

The global tonic water market is anticipated to register a CAGR of 7.2% during the forecast period. The rise in the alcohol consumption including vodka, gin, and other types of cocktails is the key factor driving the market. Tonic water contains quinine that helps in reducing the chances of malaria and leg related medical diseases. These medicinal properties of tonic water is anticipated to fuel growth during the forecast period. 

Tonic water is consumed in soft drinks along with spirits across. Many drinks have a strong tonic water base, which provides a bitter taste to cocktails, which are popularly known as ‘G and T’, representing gin and tonic, primarily in countries such as the U.S., the U.K., Canada, Australia, Ireland, and New Zealand. Snoop that is a drinks supplier and a developer of celebrity spirits brands and wine, partnered with the Prestige Beverage Group to develop Indoggo Gin in the US. 

Indian tonic waters to combat malaria is witnessing a resurgenceblend of quinine with sugar, gin, and water to create a malaria-fighting delicious sundowner. It is paired with whiskey, gin, or even coffee.   Fever-Tree, a UK-based brand launched its product range in the Indian market, which is equivalent of coals to Newcastl. In India, over the past two years, a group of small and feisty companies have developed a range of high-quality tonic waters and some of which have by now garnered enormous attention across the international market.

Atlas, one of the world’s largest and extensive gin manufacturer, has launched a new series of updates to its juniper-infused range. In September 2020, Atlas will introduce their consumers to the flavors of South America and Amazonian rainforest’s native botanicals, coupled with different expressions handpicked from Colombia and Peru. 

Get Details For “Sample Report, TOC, Segmentation & methodology of Tonic Water Market” Click Link Below: https://www.grandviewresearch.com/industry-analysis/tonic-water-market

The U.S. tonic water market size, byproduct, 2016 - 2027 (USD Million)

Covid-19 Effect:

The lockdown due to Covid-19 pandemic has provided an opportunity to sample for premium mixers. Consumers have improved their quarantine cocktail set-up, providing an off-trade arm to supermarkets and shops, thus, registering a robust growth. Fever-Tree says that the market observed a material trading in 2020 trading due to the temporary closure of pubs and restaurants. However, the market is getting crowded customers in U.K., the U.S, and Australia as a result of mixing more drinks at home. 

Would you Like to Take a Look On “Sample Report” of Tonic Water Market Click the Link Below:

https://www.grandviewresearch.com/industry-analysis/tonic-water-market/request/rs1

Further findings from the report suggest:

  • Regular tonic water accounted for the highest revenue with a share of more than 75.0% in 2019 and projected to maintain its dominance during the analysis timeline. This can be attributed to a wide range of products in the market. 

Global tonic water market, by distribution channel, 2019 (%)

 

Have Any Query? Ask Our Experts @ https://www.grandviewresearch.com/inquiry/450677/ibb

Major Players:

  • FENTIMANS

  • Fever-Tree

  • Keurig Dr Pepper

  • Q MIXERS

  • THE COCA-COLA COMPANY

  • White Rock Products Corporation

  • Zevia

  • Asahi Group Holdings, Ltd.

  • Hansen Beverage

  • Bradleys Tonic Co.

Request Customization Report of Tonic Water [email protected] https://www.grandviewresearch.com/request-for-customization/450677/rfc1

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 126 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 4126 analysts and consultants, the company adds 121200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 600 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
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Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/tonic-water-market

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