How big is the Tonic Water Market?

The Tonic Water Market size is expected to reach USD 1.29 billion in 2024 and grow at a CAGR of 7.45% to reach USD 1.85 billion by 2029. Read More

What is the current Tonic Water Market size?

In 2024, the Tonic Water Market size is expected to reach USD 1.29 billion. Read More

Who are the key players in Tonic Water Market?

Keurig Dr Pepper, Inc., Fentimans Ltd, The Coca-Cola Company (Schweppes), East Imperial Beverage Corporation and Fevertree Drinks PLC are the major companies operating in the Tonic Water Market. Read More

Which is the fastest growing region in Tonic Water Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Tonic Water Market?

In 2024, the Europe accounts for the largest market share in Tonic Water Market. Read More

What years does this Tonic Water Market cover, and what was the market size in 2023?

In 2023, the Tonic Water Market size was estimated at USD 1.20 billion. The report covers the Tonic Water Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Tonic Water Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Tonic Water Market - Share, Forecast & Industry Trends

Tonic Water Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Tonic Water Industry Manufactures & Companies. The market is segmented by product type (regular tonic water, low-calorie tonic water, and slimline tonic water), by distribution channel (on-trade and off-trade (supermarkets/hypermarkets, convenience stores, online retail stores, and other distribution channels)), and by geography (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa). The market size is provided in terms of value (USD million) during the forecasted years for the above segments.

Tonic Water Industry Overview

Some major key global players in the tonic water market include The Coca-Cola Company, El Guapo Bitters, Fentimans Ltd., Fever Tree Drinks Plc, Keurig Dr. Pepper Inc., London Essence Company, and Franklin & Sons Ltd. In recent years, Fever-Tree expanded its offering to include mixers for other spirits alongside tonic water. The product line-up includes Sicilian lemonade, Madagascan cola, ginger beer, and ginger ale. As with the company's tonic water, drinks come in various flavors. In May 2021, Fentimans launched a new 200 ml mixer and tonic range. The new 200 ml mixer range, including Tonic Water and its iconic Ginger Beer and Rose Lemonade, will continue to be made using Fentiman's unique 100-year-old artisanal technique. The range also includes Fentiman's versatile range of colored and flavored tonics, suitable for pairing with a broad range of spirit categories.