Global Tonic Water Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Regular and Diet.

By Distribution Channel;

Hypermarkets & Supermarkets, Online, and Others.

By Packaging;

Bottles and Cans.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn152120741 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Tonic Water Market (USD Million), 2021 - 2031

In the year 2024, the Global Tonic Water Market was valued at USD 1,707.74 million. The size of this market is expected to increase to USD 2,751.23 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.1%.

The global tonic water market has been experiencing significant growth, driven by an increasing demand for premium and innovative beverage options. As consumer preferences shift towards healthier and more sophisticated drinks, tonic water, traditionally known as a mixer for alcoholic beverages like gin and tonic, is carving out its niche. This rise in popularity is not only confined to the alcoholic drinks sector but also extends to the non-alcoholic beverage market, where tonic water is enjoyed for its distinct flavor and refreshing qualities.

Several factors are contributing to the expansion of the tonic water market. Firstly, the rising disposable income and changing lifestyles of consumers, particularly in urban areas, have led to a growing demand for high-quality, artisanal tonic waters. Additionally, the health and wellness trend has prompted manufacturers to innovate and offer low-calorie and natural ingredient options. This has broadened the appeal of tonic water to health-conscious consumers who seek flavorful yet healthier alternatives to sugary sodas.

The market is also being shaped by the increasing popularity of craft spirits and cocktails. As more consumers explore the world of mixology, the demand for premium mixers like tonic water has surged. This trend is supported by the proliferation of cocktail bars and the growing culture of home bartending, where enthusiasts experiment with various tonic water brands and flavors to create unique drinks. This has encouraged producers to diversify their product lines, offering a wide range of tonic water variants including flavored, botanical, and organic options.

The tonic water market is witnessing diverse growth patterns. North America and Europe are leading the market, driven by a well-established cocktail culture and high consumer awareness of premium mixers. Meanwhile, emerging markets in Asia-Pacific and Latin America are showing promising growth potential due to increasing urbanization, rising middle-class populations, and expanding retail sectors. As these regions continue to develop economically, the demand for tonic water is expected to rise, making the global tonic water market a dynamic and rapidly evolving landscape.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Distribution Channel
    3. Market Snapshot, By Packaging
    4. Market Snapshot, By Region
  4. Global Tonic Water Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Disposable Income and Changing Lifestyles
        2. Health and Wellness Trend
        3. Growing Popularity of Craft Spirits and Cocktails
      2. Restraints
        1. High Cost of Premium Products
        2. Availability of Substitutes
        3. Regulatory Challenges
      3. Opportunities
        1. Expansion into Emerging Markets
        2. Innovation in Product Offerings
        3. Increasing Online Retail Channels
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Tonic Water Market, By Product, 2021 - 2031 (USD Million)
      1. Regular
      2. Diet
    2. Global Tonic Water Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Hypermarkets and Supermarkets
      2. Online
      3. Others
    3. Global Tonic Water Market, By Packaging, 2021 - 2031 (USD Million)
      1. Bottles
      2. Cans
    4. Global Tonic Water Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Asahi Group Holdings Ltd
      2. Britvic Plc
      3. Fentimans Ltd
      4. Fevertree Drinks Plc
      5. Franklin & Sons Ltd
      6. Keurig Dr Pepper Inc
      7. Llanllyr Water Co. Ltd
      8. Nestle SA
      9. Q Tonic LLC
      10. The Coca Cola Co
  7. Analyst Views
  8. Future Outlook of the Market