The Asia Pacific Sparkling Water Market would witness market growth of 12.7% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 1,992.69 Kilo Tonnes, showcasing a growth of 20.4% (2020-2023).
The Bottled Packaging of Sparkling Water plays a crucial role in the market's appeal, offering convenience, portability, and preservation of the beverage's effervescence and freshness. These bottles are designed with a focus on maintaining the carbonation levels and preventing the escape of bubbles, ensuring that consumers experience the characteristic fizziness and crispness of sparkling water when they open the bottle. Thus, the China market consumed 325.03 kilo tonnes of bottled water in 2023.
The China market dominated the Asia Pacific Sparkling Water Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $6,319.1 Million by 2031. The Japan market is registering a CAGR of 12% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 13.4% during (2024 - 2031).
The water brands continuously innovate to offer various flavors and flavor combinations to cater to consumer preferences. Fruit-infused waters and exotic and botanical flavors are gaining popularity among consumers looking for more exciting and flavorful beverage options. The market has witnessed a trend towards premiumization, with consumers willing to pay more for higher-quality products. Premium water brands often use high-quality ingredients, natural flavors, and unique and eye-catching packaging to differentiate themselves.
The water brands incorporate functional ingredients such as vitamins, minerals, and antioxidants to add nutritional value and health benefits to their products. Ingredients like electrolytes, CBD, and adaptogens are added to this water to provide consumers with additional health benefits and functionality.
As per the State Council of China, urbanization has accelerated rapidly throughout China in recent years, with the National Bureau of Statistics estimating that the rate increased to 64.72 percent last year. As of the end of 2022, 914 million people were living in cities, an increase of 12.05 million from 2021. Similarly, according to the report titled Cities as Engines of Growth, published in 2022 by the Government of India, the population of urban areas in India is projected to have increased approximately fourfold, from 109 million in 1970 to 460 million in 2018. The country is projected to experience an additional 416 million inhabitants in its urban areas by 2050, resulting in a 50 percent urban population share. It is already the second-largest urban community globally. Therefore, due to the above-mentioned factors, the market will grow significantly in this region.
Free Valuable Insights: The Global Sparkling Water Market is Predict to reach USD 92.9 Billion by 2031, at a CAGR of 12.1%
Based on Type, the market is segmented into Natural/Mineral, and Caffeinated. Based on Packaging, the market is segmented into Bottled, Canned, and Others. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores, Online, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Type (Volume, Kilo Tonnes, USD Billion, 2020-31)
By Packaging (Volume, Kilo Tonnes, USD Billion, 2020-31)
By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2020-31)
By Country (Volume, Kilo Tonnes, USD Billion, 2020-31)
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