토닉 워터 시장 : 제품 유형별, 용도별, 유통 채널별, 지역별(2026-2032년)

Tonic Water Market Valuation - 2026-2032

The increasing trend towards craft cocktails and mixology is propelling the adoption of tonic water. Higher consumption of alcoholic beverages, particularly gin and tonic is driving the market size surpass USD 2.18 Billion valued in 2024 to reach a valuation of around USD 3.77 Billion by 2032.

In addition to this, urbanization and a thriving social drinking culture contribute to increased consumption of tonic water in bars and restaurants is spurring up the adoption of tonic water. Effective marketing and branding by leading companies enhance consumer awareness and preference for specific tonic water brands is enabling the market to grow at a CAGR of 7.1% from 2026 to 2032.

Tonic Water Market: Definition/ Overview

Tonic water is a carbonated beverage that contains dissolved quinine, which imparts a distinctive bitter taste. Originally developed as a medicinal drink to treat malaria, it has evolved into a popular mixer in cocktails, particularly with gin. Modern tonic water often includes added sweeteners, flavorings, and botanicals to enhance its taste profile.

Tonic water is primarily used as a mixer in alcoholic beverages, with the gin and tonic being one of the most well-known combinations. It is also enjoyed on its own as a refreshing, slightly bitter soft drink. In addition to its role in beverages, tonic water's unique flavor profile makes it a versatile ingredient in culinary applications, such as marinades and dressings.

How will Workforce Management Increase Adoption of Tonic Water?

The rising popularity of craft cocktails and premium spirits has significantly boosted the tonic water market. Consumers are increasingly seeking high-quality mixers to complement their premium gin and vodka, driving demand for artisanal and flavored tonic waters. This trend has led to a proliferation of craft tonic brands and innovative flavors. According to the Distilled Spirits Council of the United States, sales of premium gin increased by 13% in 2024, indirectly boosting tonic water consumption. In a recent development, Fever-Tree, a leading tonic water brand, announced in August 2024 the launch of a new line of botanical-infused tonic waters designed to pair with specific gin profiles.

Health-conscious consumers are driving growth in the low-calorie and sugar-free tonic water segment. As people become more aware of the health impacts of sugary drinks, they are opting for healthier alternatives that still allow them to enjoy their favorite cocktails. This has led to an increase in diet and naturally sweetened tonic water options. The UK's National Health Service reported that in 2024, 45% of adults were actively trying to reduce their sugar intake, influencing their choice of mixers.

The globalization of drinking cultures and the growing popularity of gin and tonic in emerging markets are expanding the Tonic Water Market. Countries in Asia and Latin America are experiencing a surge in Western-style bars and a growing appreciation for gin-based cocktails. The Indian Beverage Association reported that tonic water sales in the country grew by 28% in 2024, driven by the expanding urban bar scene.

Will Competition from Alternative Beverages Restrain Tonic Water Market Growth?

Economic downturns and fluctuating consumer spending can also affect the tonic water market. During periods of economic uncertainty, consumers may reduce their expenditure on premium and specialty beverages, including tonic water. This can lead to decreased sales and slower market growth, particularly for higher-priced or artisanal options.

Competition from alternative beverages poses a significant restraint. The rise of health drinks, flavored waters, and other non-alcoholic beverages offers consumers a wide range of choices, which can divert attention away from tonic water. Manufacturers need to continually innovate to differentiate their products in a crowded market.

Additionally, fluctuations in the availability and cost of key ingredients, such as quinine and natural flavorings, can impact production. Supply chain disruptions or price increases for these ingredients can lead to higher production costs and potentially higher retail prices, which may affect consumer demand and market stability.

Category-Wise Acumens

Will Rise in Adoption of Regular Tonic Water Drive Tonic Water Market?

Regular tonic water continues to dominate the Tonic Water Market, driven by its classic appeal and versatility in cocktails. Despite the growth of flavored and low-calorie alternatives, traditional tonic water remains the go-to choice for many consumers and bartenders. Its balanced bitterness and sweetness provide the perfect complement to a wide range of spirits, particularly gin. According to the U.S. Food and Drug Administration, regular tonic water accounted for 68% of all tonic water sales in 2024. In a recent development, Fever-Tree announced in August 2024 the launch of a new premium regular tonic water, featuring a blend of quinine sources from around the world, aimed at elevating the classic gin and tonic experience.

The popularity of regular tonic water is further bolstered by the craft cocktail movement, which often emphasizes traditional and authentic ingredients. Mixologists and home bartenders alike appreciate the consistent flavor profile of regular tonic water, which allows them to showcase the nuances of premium spirits. The UK Beverage Association reported that in 2024, 75% of bars and restaurants listed classic gin and tonic made with regular tonic water on their menus.

Which Factors Enhance the Sale of Tonic Water in Supermarkets and Hypermarkets?

Supermarkets and hypermarkets continue to dominate the tonic water market, offering consumers a wide variety of brands and flavors in one convenient location. These retail giants leverage their extensive shelf space and high foot traffic to showcase an array of tonic water options, from premium craft brands to more affordable alternatives. Their ability to buy in bulk allows them to offer competitive pricing, further attracting consumers. According to the U.S. Census Bureau, supermarkets and hypermarkets accounted for 65% of all tonic water sales in 2024. In a recent development, Walmart announced in August 2024 the expansion of its tonic water selection, introducing 20 new craft and international brands across its U.S. stores.

The dominance of supermarkets and hypermarkets in the tonic water market is reinforced by their strategic partnerships with major beverage companies. These collaborations often result in exclusive product launches and promotions, driving customer loyalty and repeat purchases. Additionally, the one-stop-shop nature of these stores allows consumers to conveniently pair their tonic water with spirits and other cocktail ingredients. The UK's Office for National Statistics reported that in 2024, 72% of consumers purchased tonic water alongside spirits in supermarkets and hypermarkets. Capitalizing on this trend, Tesco partnered with Fever-Tree in July 2024 to launch an exclusive line of seasonal tonic waters, available only in their stores.

Country/Region-wise Acumens

Will Rising Popularity of Gin And Tonic Cocktails in North America Drive Tonic Water Market Growth?

The tonic water market in North America has been experiencing significant growth, driven by the rising popularity of gin and tonic cocktails and an increasing consumer preference for premium mixers. The United States, in particular, has seen a surge in demand for craft and artisanal tonic waters, with consumers seeking unique flavors and high-quality ingredients. According to the U.S. Bureau of Labor Statistics, the price index for carbonated drinks, including tonic water, increased by 7.3% from February 2022 to February 2024, reflecting the growing demand and value placed on these products.

Canada and Mexico have also contributed to the region's dominance in the tonic water market, with both countries experiencing a rise in cocktail culture and premium spirit consumption. The trend towards healthier beverage options has further bolstered the market, as many tonic water brands now offer low-calorie and naturally sweetened alternatives. Statistics Canada reported that the average household spending on non-alcoholic beverages, including mixers like tonic water, increased by 2.7% in 2021 compared to the previous year, indicating a growing interest in these products.

Will Rising Number of Bars, Restaurants Enhance Adoption of Tonic Water in Asia Pacific?

The Asia Pacific region is experiencing rapid growth in the tonic water market, driven by urbanization, rising disposable incomes, and a growing cocktail culture. Countries like China, Japan, and India are leading this trend, with consumers increasingly embracing Western-style alcoholic beverages and premium mixers. The popularity of gin and tonic cocktails has surged, particularly among young urban professionals seeking sophisticated drink options. According to the National Bureau of Statistics of China, the country's beverage manufacturing industry saw a 14.2% year-on-year increase in total profits in 2024, indicating a strong market for various beverages, including tonic water.

Southeast Asian countries such as Thailand, Vietnam, and Singapore are also contributing to the region's tonic water market growth. The rising number of bars, restaurants, and hotels catering to both locals and tourists has created a robust demand for high-quality mixers. Additionally, the trend towards healthier lifestyles has led to an increased interest in low-sugar and natural tonic water options. In Japan, the Ministry of Health, Labour and Welfare reported a 5.8% increase in the consumption of non-alcoholic beverages, including mixers, among adults aged 20-39 in 2022 compared to the previous year.

Competitive Landscape

The tonic water market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the tonic water market include:

• The Coca-Cola Company
• PepsiCo, Inc.
• Britvic plc
• Fever-Tree Drinks Plc
• Schweppes
• Q Mixers
• Red Bull GmbH
• Gordon's Gin
• SodaStream International Ltd.
• Belvoir Fruit Farms Ltd.
• Merchant's Heart
• The London Essence Company
• Fentimans Ltd.
• Tonica
• Thomas Henry
• Tonic Water Co.
• Schweppes International Ltd.
• East Imperial
• Aqua Libra Company Ltd.
• Giffard

Latest Developments

• In September 2024, a major tonic water manufacturer introduced a new line of premium, artisanal tonic waters featuring exotic botanicals, catering to the growing trend of craft cocktails and premium mixers.
• In August 2024, a leading global tonic water brand announced a partnership with a sustainability-focused organization to implement eco-friendly packaging solutions, aiming to reduce plastic waste and enhance environmental responsibility.

Tonic Water Market, By Category

• Product Type:
• Regular Tonic Water
• Low-Calorie Tonic Water
• Slimline Tonic Water
• Flavored and Non-Flavored
• Application:
• Alcoholic Drinks
• Medical Purposes
• Direct Consumption
• Distribution Channel:
• Supermarkets/Hypermarket
• Convenience stores
• Online Retailer
• Region:
• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

TABLE OF CONTENTS

1 INTRODUCTION OF GLOBAL TONIC WATER MARKET

• 1.1 Overview of the Market
• 1.2 Scope of Report
• 1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH

• 3.1 Data Mining
• 3.2 Validation
• 3.3 Primary Interviews
• 3.4 List of Data Sources

4 GLOBAL TONIC WATER MARKET OUTLOOK

• 4.1 Overview
• 4.2 Market Dynamics
  • 4.2.1 Drivers
  • 4.2.2 Restraints
  • 4.2.3 Opportunities
• 4.3 Porters Five Force Model
• 4.4 Value Chain Analysis

5 GLOBAL TONIC WATER MARKET, BY PRODUCT TYPE

• 5.1 Overview
• 5.2 Regular Tonic Water
• 5.3 Low Calorie Tonic Water
• 5.4 Slimline Tonic Water
• 5.5 Flavored and Non-flavored

6 GLOBAL TONIC WATER MARKET, BY APPLICATION

• 6.1 Overview
• 6.2 Alcoholic Drinks
• 6.3 Medical Purposes
• 6.4 Direct Consumption

7 GLOBAL TONIC WATER MARKET, BY DISTRIBUTION CHANNEL

• 7.1 Overview
• 7.2 Supermarkets/Hypermarket
• 7.3 Convenience stores
• 7.4 Online Retailer
• 7.5 Others

8 GLOBAL TONIC WATER MARKET, BY GEOGRAPHY

• 8.1 Overview
• 8.2 North America
  • 8.2.1 U.S.
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 U.K.
  • 8.3.3 France
  • 8.3.4 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 China
  • 8.4.2 Japan
  • 8.4.3 India
  • 8.4.4 Rest of Asia Pacific
• 8.5 Rest of the World
  • 8.5.1 Latin America
  • 8.5.2 Middle East and Africa

9 GLOBAL TONIC WATER MARKET COMPETITIVE LANDSCAPE

• 9.1 Overview
• 9.2 Company Market Ranking
• 9.3 Key Development Strategies

10 COMPANY PROFILES

• 10.1 The Coca-Cola Company
  • 10.1.1 Overview
  • 10.1.2 Financial Performance
  • 10.1.3 Product Outlook
  • 10.1.4 Key Developments
• 10.2 PepsiCo, Inc.
  • 10.2.1 Overview
  • 10.2.2 Financial Performance
  • 10.2.3 Product Outlook
  • 10.2.4 Key Developments
• 10.3 Britvic plc
  • 10.3.1 Overview
  • 10.3.2 Financial Performance
  • 10.3.3 Product Outlook
  • 10.3.4 Key Developments
• 10.4 Fever-Tree Drinks Plc
  • 10.4.1 Overview
  • 10.4.2 Financial Performance
  • 10.4.3 Product Outlook
  • 10.4.4 Key Developments
• 10.5 Schweppes
  • 10.5.1 Overview
  • 10.5.2 Financial Performance
  • 10.5.3 Product Outlook
  • 10.5.4 Key Developments
• 10.6 Q Mixers
  • 10.6.1 Overview
  • 10.6.2 Financial Performance
  • 10.6.3 Product Outlook
  • 10.6.4 Key Developments
• 10.7 Red Bull GmbH
  • 10.7.1 Overview
  • 10.7.2 Financial Performance
  • 10.7.3 Product Outlook
  • 10.7.4 Key Developments
• 10.8 Gordon's Gin
  • 10.8.1 Overview
  • 10.8.2 Financial Performance
  • 10.8.3 Product Outlook
  • 10.8.4 Key Developments
• 10.9 SodaStream International Ltd.
  • 10.9.1 Overview
  • 10.9.2 Financial Performance
  • 10.9.3 Product Outlook
  • 10.9.4 Key Developments
• 10.10 Belvoir Fruit Farms Ltd.
  • 10.10.1 Overview
  • 10.10.2 Financial Performance
  • 10.10.3 Product Outlook
  • 10.10.4 Key Developments

11 Appendix

• 11.1 Related Research