The popularity of gin-based cocktails is on the rise in bars and restaurants, which indicates the spurred demand for tonic water in the hospitality sector. Mixologists and bartenders are continually innovating and experimenting with new gin and tonic combinations with different flavors, driving the need for various tonic water options to accommodate diverse tastes and preferences.
As a result, tonic water manufacturers are expanding their product offerings to include different flavors, formulations, and packaging sizes to meet the demand of both retail consumers and the hospitality industry. Thus, owing to the rising popularity of the gin and tonic combination, the increasing demand for gin boosts the Europe tonic water market growth.
Key players in the tonic water market engage in adopting strategic initiatives such as product launches and development to cater to the growing demand for low-sugar and low calories tonic water. For instance, in June 2022, Fever-Tree announced the launch of low-calorie tonic water made with Spanish clementines. The launch was aimed at catering to the growing demand for low calories tonic water.
Low-sugar tonic water provides a guilt-free option for consumers looking to enjoy their favorite cocktails without the excess calories and sugar content typically found in traditional tonic water. Thus, the surging demand for low-sugar tonic water is expected to become a key trend in the tonic water market in the coming years. This trend is particularly pronounced among millennials and the Gen Z population, who prioritize health and wellness in their purchasing decisions and seek transparency in product ingredients.
Germany is one of the significant markets for tonic water in Europe. The rising popularity of gin across the country is one of the major factors contributing to the growth of the tonic water market in Germany. Tonic water is largely used as a mixer in bars, restaurants, hotels, and at home to make different types of cocktails. In addition, health-conscious consumers in the country are adopting low-sugar and natural tonic water, aligning with the broader trend of healthier beverage choices. Further, the growing popularity of cocktail culture and mixology has fueled the demand for tonic water in Germany.
Some of the key players operating in the Europe tonic water market are Double Dutch Ltd, Fevertree Drinks Plc, Fentimans Ltd, Nestle SA, The Coca-Cola Co, Thomas Henry GmbH, Britvic Plc, East Imperial Beverage Corp, Three Cents Co, and MBG International Premium Brands GmbH. These players offer innovative products at affordable prices that attract a large number of consumers, opening new opportunities for them in the coming years.
The overall Europe tonic water market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information about the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights into the topic. Participants in this process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders, specializing in the Europe tonic water market.
Reasons to buy:
- Progressive industry trends in the Europe tonic water market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the Europe tonic water market from 2021 to 2031
- Estimation of the demand for tonic water across various industries in Europe
- Porter's Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict the market growth
- Recent developments to understand the competitive market scenario and the demand for tonic water across the region
- Market trends and outlook coupled with factors driving and restraining the growth of the Europe tonic water market
- Decision-making process by understanding strategies that underpin commercial interest concerning the Europe tonic water market growth
- The Europe tonic water market size at various nodes of market
- Detailed overview and segmentation of the Europe tonic water market as well as its dynamics in the industry
- The Europe tonic water market size in different regions with promising growth opportunities
Table of Contents
Companies Mentioned
Some of the leading companies in the Europe Tonic Water Market include:- Double Dutch Ltd
- Fevertree Drinks Plc
- Fentimans Ltd
- Nestle SA
- The Coca-Cola Co
- Thomas Henry GmbH
- Britvic Plc
- East Imperial Beverage Corp
- Three Cents Co
- MBG International Premium Brands GmbH
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 100 |
Published | May 2025 |
Forecast Period | 2024 - 2031 |
Estimated Market Value ( USD | $ 1.13 Billion |
Forecasted Market Value ( USD | $ 1.76 Billion |
Compound Annual Growth Rate | 6.5% |
Regions Covered | Europe |
No. of Companies Mentioned | 11 |